Virtu Financial(US:VIRT) Globenewswireยท2025-07-30 11:10Core Insights - Virtu Financial, Inc. reported a significant increase in total revenues for the second quarter of 2025, rising by 44.2% to $999.6 million compared to $693.0 million in the same period of 2024 [3][10] - The company declared a quarterly cash dividend of $0.24 per share, payable on September 15, 2025 [1] Financial Performance - Trading income, net, increased by 53.1% to $652.8 million for the quarter, up from $426.4 million in the prior year [3][10] - Net income for the quarter was $293.0 million, compared to $128.1 million in the same quarter of 2024 [3][10] - Basic and diluted earnings per share were $1.65, compared to $0.71 for the same period in 2024 [4][10] Adjusted Financial Metrics - Adjusted Net Trading Income rose by 47.4% to $567.7 million, compared to $385.1 million in the same quarter of 2024 [5][10] - Adjusted EBITDA increased by 69.8% to $369.4 million, compared to $217.5 million in the same period of 2024 [5][10] - Normalized Adjusted Net Income increased by 80.5% to $244.2 million, compared to $135.3 million in the same quarter of 2024 [5][10] Operating Segments - The company operates in two segments: Market Making and Execution Services, with Market Making generating significant trading income [7][8] - Execution Services includes agency-based trading and trading venues, providing execution services in various financial instruments [8] 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 $1,417.2 million, with $302.8 million remaining for future purchases [15]