UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37352 Virtu Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 32-0420206 (State or other ju ...

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Virtu Financial (VIRT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.25%. A quarter ago, it was expected that this high-speed trading company would post earnings of $1.36 per share when it actually produced earnings of $1.53, delivering a surprise of +12.5%.Over the last four qua ...

Virtu Financial (NasdaqGS:VIRT) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsCindy Lee - CFOAaron Simon - CEOJoseph Molluso - Co-President and Co-COOAndrew Smith - Head of Investor RelationsConference Call ParticipantsChris Allen - Managing Director and Senior AnalystAlex Blostein - Senior AnalystEli Abboud - Equity Research AnalystMichael Cypress - Chief Financial AnalystPatrick Moley - Senior Research AnalystKen Worthington - Stock AnalystDan Fannon - Research AnalystOperatorHell ...

Virtu Financial (NasdaqGS:VIRT) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Speaker5Hello everybody, and welcome to the Virtu Financial third quarter 2025 earnings call. My name is Elliot, and I'll be coordinating your call today. If you would like to register a question during today's event, please press star one on your telephone keypad. Now, I'll hand over to Andrew Smith, Head of Investor Relations. Please go ahead.Speaker8Thank you, Elliot, and good morning everyone. Thank you for joining us. Ou ...

© 2025 Virtu Financial. All rights reserved. Performance Highlights Presentation Title in Title Case Presentation subtitle in sentence case Third Quarter 2025 Earnings Supplement Presenter Name Event name xx Month 201x © 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX 2 • LTM 3Q'25 Normalized Adj. EPS1 of $5.01 and LTM 3Q'25 Adj. NTI/day1 of $8.0M • Outstanding results against backdrop of less favorable environment compared to 2Q 202 ...

Core Insights - Virtu Financial, Inc. reported a strong financial performance for the third quarter of 2025, with total revenues increasing by 16.7% to $824.8 million compared to $706.8 million in the same period of 2024 [4][11] - The company declared a quarterly cash dividend of $0.24 per share, payable on December 15, 2025 [3] Financial Results - Total revenues for Q3 2025 reached $824.8 million, a 16.7% increase from $706.8 million in Q3 2024 [4] - Trading income, net, rose by 19.2% to $529.1 million compared to $444.0 million in the prior year [4] - Net income for the quarter was $149.1 million, up from $119.0 million in Q3 2024 [4][11] - Basic and diluted earnings per share were $0.86, compared to $0.65 and $0.64 for the same period in 2024 [5] Adjusted Financial Metrics - Adjusted Net Trading Income increased by 20.4% to $467.0 million for Q3 2025, compared to $388.0 million in Q3 2024 [6] - Adjusted EBITDA rose by 24.7% to $267.8 million, compared to $214.8 million in the same period last year [6] - Normalized Adjusted Net Income increased by 26.1% to $166.5 million, compared to $132.1 million in Q3 2024 [6] Operating Segments - The company operates in two segments: Market Making and Execution Services [8][9] - Market Making segment includes trading across various asset classes, while Execution Services focuses on agency-based trading and technology services [8][9] Share Repurchase Program - Since the inception of the share repurchase program in November 2020, the company has repurchased approximately 53.8 million shares for about $1.417 billion [15] - The remaining capacity for future purchases under the program is approximately $302.8 million [15] Financial Condition - As of September 30, 2025, Virtu had $755.4 million in cash and cash equivalents, with total long-term debt of $2.0687 billion [14]

Core Insights - Virtu Financial, Inc. (VIRT) is scheduled to report its third-quarter 2025 results on October 29, with earnings per share (EPS) estimated at $1.00 and revenues projected at $420.1 million, reflecting a year-over-year earnings increase of 22% and revenue growth of 8.3% [1][2] Financial Performance Estimates - For the full year 2025, the Zacks Consensus Estimate for Virtu Financial's revenues is $1.9 billion, indicating a year-over-year rise of 19.4%. The consensus for EPS is $4.80, suggesting a 35.2% increase year-over-year [2] - The company has consistently beaten consensus earnings estimates in the past four quarters, with an average surprise of 14.9% [2] Earnings Prediction Model - The current model does not predict an earnings beat for Virtu Financial this quarter, as it has an Earnings ESP of -7.36% and a Zacks Rank of 4 (Sell) [3] Revenue Drivers - The expected growth in Virtu Financial's top line is attributed to improved net trading income, higher commissions, and technology services revenues, along with increased interest and dividends income. The consensus estimate for overall net trading income is $489.1 million, reflecting a 10.1% year-over-year increase [4] - The consensus estimate for commissions and technology services is $150 million, indicating a 14% year-over-year increase [5] - Interest and dividends income is estimated at $132.2 million, which implies a 5.5% rise from the previous year [8] Segment Performance - The Market Making segment's net trading income is estimated at $485 million, indicating a 10.1% year-over-year rise, while the Execution Services segment's net trading income is projected at $4.1 million, reflecting a 15.4% growth [9] Cost Pressures - Virtu Financial's margins are expected to be impacted by rising operating costs, which are anticipated to increase by 10.2% year-over-year to $617 million. This includes higher brokerage, exchange, clearance fees, and employee compensation costs [10]

Core Insights - Virtu Financial, Inc. will announce its third quarter 2025 financial results on October 29, 2025, before the US market opens [1] - A conference call to discuss the financial results will take place at 8:00 AM (EDT) and will be accessible to the public via a live webcast [2] Company Overview - Virtu Financial is a leading provider of financial services and products, utilizing advanced technology to deliver liquidity and innovative trading solutions to clients [3] - The company offers a comprehensive product suite that includes execution, liquidity sourcing, analytics, and broker-neutral, multi-dealer platforms across various asset classes [3] - Virtu operates in over 50 countries, allowing clients to trade on hundreds of venues in global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency, and other commodities [3] - The integrated, multi-asset analytics platform provides pre-, intra-, and post-trade services, data products, and compliance tools for clients to manage risk and invest across global markets [3]

Core Insights - Virtu Financial, Inc. has been recognized for its leadership in the financial services industry, particularly through the achievements of Pegah Esmaeili, who received the Excellence in Sales & Trading (Equities) award at the European Women in Finance Awards [1][4] Company Overview - Virtu Financial is a leading provider of global, multi-asset financial services, delivering liquidity and innovative products across the investment cycle to global markets [1][5] - The firm utilizes advanced technology to offer execution services, data analytics, and connectivity products, enabling clients to trade across hundreds of venues in over 50 countries and multiple asset classes [5] Leadership and Recognition - Pegah Esmaeili has over a decade of experience in her role and has been pivotal in establishing Virtu as a key player in the Nordic region through her client-first approach and collaborative efforts [2] - Esmaeili is also the driving force behind Virtu's Winter Conference in Stockholm, which has become a significant forum for discussions on market innovations and shifts [3] Commitment to Excellence - David Angel, EMEA's Head of Business Development at Virtu Financial, highlighted Esmaeili's recognition as a testament to her hard work and dedication, reflecting the company's commitment to excellence, innovation, and teamwork [4]