Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Virtu Financial (VIRT) and Moody's (MCO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies wit ...

Investors might want to bet on Virtu Financial (VIRT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...

Core Insights - Virtu Financial and Limina have announced a strategic collaboration to enhance Virtu's TradeOPS platform, aimed at improving post-trade workflows for buyside firms [1][2]. Group 1: Collaboration Details - The collaboration focuses on integrating Virtu's TradeOPS with Limina's cloud-native Order and Portfolio Management System (O/PMS), providing a fully-integrated workflow for clients [2]. - The first joint client, Cliens, is already utilizing the combined capabilities of Virtu's TradeOPS and Limina's platform [3]. - The partnership aims to address operational challenges introduced by recent changes in post-trade settlement processes, such as the shift to T+1 [4]. Group 2: Company Profiles - Virtu Financial is a leading financial services firm that offers execution services, data analytics, and connectivity products across multiple asset classes and global markets [6]. - Limina provides a modern Investment Management Platform designed to enhance productivity and manage operational risks for investment managers [7]. - Cliens is a Swedish active fund manager focused on delivering long-term high returns through various investment strategies [8].

NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) (“Virtu Financial” or “Virtu”) a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the entire investment cycle to the global markets, today announced plans to transfer the listing of its Class A Common Stock (“Common Stock”) to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market LLC. Virtu expects the listing of its Common Stock on Nasdaq ...

Virtu Financial, Inc. (VIRT) , a prominent name in the financial services space, is under scrutiny as analysts trim their earnings projections for 2025 and 2026. While the company extended its streak of earnings beat in the first quarter, sentiment has weakened due to downward revisions in forward estimates.The Zacks Consensus Estimate for Virtu Financial’s 2025 and 2026 adjusted earnings now stands at $3.97 and $3.83 per share, respectively, reflecting week-over-week declines of 0.5% and 1%. Though 2025 es ...

Core Insights - Virtu Financial, Inc. (VIRT) reported a strong performance in Q1 2025, with shares increasing by 1.8% following the earnings announcement on April 23, driven by higher commissions and technology services revenues [1] - The company achieved adjusted earnings per share (EPS) of $1.30, exceeding the Zacks Consensus Estimate by 9.2% and marking a 71.1% increase year over year [2] Revenue Performance - Total revenues from commissions and technology services rose 27.6% year over year to $151.3 million, surpassing both the Zacks Consensus Estimate and internal estimates [3] - Adjusted net trading income reached $497.1 million, a 35.5% increase year over year, and also exceeded the consensus estimate by 4.7% [2] Expense and Profitability Metrics - Adjusted EBITDA was reported at $319.9 million, reflecting a 57.7% year-over-year increase and exceeding internal estimates [4] - The adjusted EBITDA margin improved by 910 basis points year over year to 64.4% [4] - Total operating expenses increased by 22.1% year over year to $614.1 million, driven by higher brokerage fees, employee compensation, and interest expenses [4] Segment Performance - In the Market Making segment, adjusted net trading income was $382 million, a 39.6% year-over-year increase, with revenues climbing 32.7% to $691.2 million [5] - The Execution Services segment reported adjusted net trading income of $115.1 million, up 23.5% year over year, with total revenues rising 19.7% to $141 million [6] Financial Position - As of March 31, 2025, Virtu Financial had cash and cash equivalents of $723.7 million, a decrease of 17.1% from the end of 2024 [7] - Total assets increased by 14.2% to $17.5 billion, while total equity rose by 5% to $1.6 billion [7] Shareholder Returns - The company repurchased 1.3 million shares for $48.1 million in Q1 2025, with a remaining buyback capacity of $373.8 million [8] - A cash dividend of 24 cents per share was announced, scheduled for payment on June 16, 2025 [8]

Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Virtu Financial (VIRT) and Coinbase Global, Inc. (COIN) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favo ...

Financial Performance - Total revenue for the three months ended March 31, 2025, was $837.9 million, a 30.4% increase from $642.8 million in the same period of 2024 [234]. - Trading income, net accounted for 70% of total revenues in Q1 2025, up from 63% in Q1 2024, reflecting increased trading activity [239]. - Net income for the three months ended March 31, 2025, was $189.6 million, compared to $111.3 million in Q1 2024, representing a 70.3% year-over-year increase [236]. - Earnings per share for Q1 2025 were $1.09 (basic) and $1.08 (diluted), compared to $0.59 for both in Q1 2024 [237]. - Adjusted Net Trading Income for Q1 2025 was $497,140,000, up from $366,871,000 in Q1 2024, representing a 35.4% increase [264]. - EBITDA for Q1 2025 was $283,023,000, compared to $195,509,000 in Q1 2024, reflecting a 44.7% growth [264]. - Adjusted EBITDA for Q1 2025 reached $319,939,000, an increase from $202,832,000 in Q1 2024, marking a 57.7% rise [264]. - Normalized Adjusted Net Income for Q1 2025 was $208,329,000, up from $124,278,000 in Q1 2024, a growth of 67.7% [266]. - Normalized Adjusted EPS for Q1 2025 was $1.30, compared to $0.76 in Q1 2024, reflecting a 71.1% increase [266]. - GAAP Net Income Margin for Q1 2025 was 22.6%, up from 17.3% in Q1 2024 [264]. - Non-GAAP Net Income Margin for Q1 2025 was 38.1%, compared to 30.3% in Q1 2024 [264]. - EBITDA Margin for Q1 2025 was 56.9%, an increase from 53.3% in Q1 2024 [264]. - Adjusted EBITDA Margin for Q1 2025 was 64.4%, up from 55.3% in Q1 2024 [264]. Operating Expenses - Total operating expenses for Q1 2025 were $614.1 million, an increase of 22.1% from $503.0 million in Q1 2024 [236]. - Employee compensation and payroll taxes increased by $18.6 million, or 18.5%, to $119.4 million for the three months ended March 31, 2025, compared to $100.8 million for the same period in 2024 [280]. - Operating expenses increased by $111.1 million, or 22.1%, to $614.1 million for the three months ended March 31, 2025, compared to $503.0 million for the same period in 2024 [277]. Liquidity and Debt - The company had cash and cash equivalents of $68.5 million as of March 31, 2025 [233]. - As of March 31, 2025, the company had $723.7 million in cash and cash equivalents, with borrowings under prime brokerage credit facilities of approximately $158.1 million and long-term debt of approximately $1,768.3 million [292]. - The company expects future liquidity needs to increase due to margin requirements from increased trading activities in existing and new markets [294]. - The company entered into a two-year $1,525.0 million floating-to-fixed interest rate swap agreement in December 2023, fixing interest payment obligations at a rate of 7.5% through November 2025 [309]. - The company completed the offering of $500.0 million aggregate principal amount of 7.50% senior secured first lien notes due 2031 on June 21, 2024 [319]. - The company reported a senior secured first lien term loan of $1,800.0 million, fully drawn on January 13, 2022, to repay previous debts and fund share repurchases [223]. - The company issued $1,245.0 million in Senior Secured First Lien Term B-1 Loans due 2031, which were used to repay all term loans previously outstanding under the Original Credit Agreement [224]. - The Term B-2 Loans, established on February 19, 2025, amount to $1,245.0 million and were used to repay the Term B-1 Loans [226]. - The company issued $500.0 million of 7.50% senior secured first lien notes due 2031, maturing on June 15, 2031 [230]. - As of March 31, 2025, $1,245.0 million was outstanding under the current term loans, with compliance to all applicable covenants [318]. Market Segments and Operations - The company operates in two segments: Market Making and Execution Services, focusing on providing liquidity and trading solutions globally [218]. - The Market Making segment provides competitive bids and offers in over 25,000 securities across 250 venues in 40 countries [219]. - The Execution Services segment earns commissions by acting as an agent for clients in various trading activities, including algorithmic trading and order routing [221]. - The company emphasizes technology and operational efficiency, utilizing a proprietary multi-asset technology platform to enhance market making and execution services [215]. - The company believes that increased market volatility positively impacts its financial performance by widening bid/ask spreads [220]. - The company aims to maintain a low-cost structure while providing a robust product suite to clients across multiple asset classes [214]. Revenue Sources - Commissions, net and technology services revenues increased by $32.7 million, or 27.6%, to $151.3 million for the three months ended March 31, 2025, compared to $118.6 million for the same period in 2024 [274]. - Trading income, net increased by $181.9 million, or 44.6%, to $590.0 million for the three months ended March 31, 2025, compared to $408.1 million for the same period in 2024 [272]. - Interest and dividends income for Q1 2025 was $109.1 million, slightly up from $106.0 million in Q1 2024 [236]. - Interest and dividends income increased by $3.1 million, or 2.9%, to $109.1 million for the three months ended March 31, 2025, compared to $106.0 million for the same period in 2024 [273]. Risk Management - The company is subject to various market risks, including changes in market prices, interest rates, and currency rates [364]. - Proprietary risk management tools are utilized to manage market risk continuously, with alerts for trading strategies generating revenues outside preset limits [367]. - The company utilizes derivative financial instruments for proprietary trading and risk management, with gains and losses included in trading income [372]. - The company employs daily hedging practices to mitigate the impact of foreign currency fluctuations on revenues [376]. - The company has entered into floating-to-fixed interest rate swap agreements to manage interest rate risk associated with long-term debt obligations [373]. - The company monitors counterparty credit exposures to limit potential losses from broker and clearing organization insolvencies [375]. Share Repurchase Program - The company repurchased approximately 51.6 million shares for approximately $1,330.0 million since the inception of the share repurchase program [333]. - The company has approximately $390.0 million remaining capacity for future purchases of shares under the share repurchase program as of March 31, 2025 [334]. Tax and Other Financial Information - Provision for income taxes was $34.1 million with an effective tax rate of 15.2% for the three months ended March 31, 2025, compared to $28.5 million and 20.4% for the same period in 2024 [291]. - Future payments under tax receivable agreements are expected to range from approximately $0.1 million to $22.1 million per year over the next 15 years, with total payments of $134.8 million made from February 2017 through March 2025 [298]. - The company recognized a gain of $5.7 million in Other Income due to the partial dedesignation of a cash flow hedge [312].

Virtu Financial, Inc. (NASDAQ: VIRT ) is a global financial technology company that focuses on market making and trade execution across a wide range of asset classes, everything from equities and fixed income to currencies, commodities, and digital assets. I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity ...

Presentation Title in Title Case Presentation subtitle in sentence case First Quarter 2025 Earnings Supplement © 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX © 2025 Virtu Financial. All rights reserved. Presenter Name Event name xx Month 201x Performance Highlights Normalized Adj. EPS1 $1.30 1Q 2025 Key Financials Summary Recent Results Adj. NTI1 $497M Adj. NTI/day1 $8.3M Adj. EBITDA1 $320M Adj. EBITDA Margin1,2 64% Debt to LTM Ad ...