Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the fourth quarter ended December 31, 2024.
Fourth Quarter and Full Year Selected Highlights
Fourth Quarter 2024:
•Net income of $176.1 million; Normalized Adjusted Net Income1 of $182.2 million
•Basic and diluted earnings per share of $1.03; Normalized Adjusted EPS1 of $1.14
•Total revenues of $834.3 million; Trading income, net, of $544.0 million; Net income Margin of 21.1%2
◦Adjusted Net Trading Income1 of $457.7 million
•Adjusted EBITDA1 of $283.5 million; Adjusted EBITDA Margin1 of 61.9%
•Share buybacks of $57.1 million, or 1.7 million shares, under the Share Repurchase Program3
Full Year 2024:
•Net income of $534.5 million; Normalized Adjusted Net Income1 of $573.9 million
•Basic and diluted earnings per share of $2.98 and $2.97, respectively; Normalized Adjusted EPS1 of $3.55
•Total revenues of $2,876.9 million; Trading income, net of $1,822.4 million; Net income Margin of 18.6%2
◦Adjusted Net Trading Income1 of $1,597.7 million
•Adjusted EBITDA1 of $918.7 million; Adjusted EBITDA Margin1 of 57.5%
•Share buybacks of $172.2 million, or 6.7 million shares, under the Share Repurchase Program3
The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on March 17, 2025 to shareholders of record as of February 28, 2025.
2025-01-29
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