Virtu Q1 2023 net income $110M, EPS $0.56; declares $0.24 dividend

Virtu Financial, Inc.

2023-Q1 EPS reported $0.56 revenue$620,380,000

Net income $110.1M ($0.56 diluted EPS); normalized adjusted net income $127.6M ($0.74 adj EPS).
Total revenues $610.5M, trading income net $411.5M; Adjusted Net Trading Income $373.1M.
Adjusted EBITDA $207.5M (55.6% margin); share buybacks $75.6M (3.9M shares) during quarter.
Sequential growth: total revenues +22.6%, trading income +31.3%, Adj Net Trading Income per day +38%.
Quarterly dividend $0.24/share, payable June 15, 2023 to holders of record June 1, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Virtu Financial, Inc. reported first quarter ended March 31, 2023 results: revenue $610.5 million, net income $110.1 million, EPS $0.56.

Period: first quarter ended March 31, 2023
Revenue: $610.5 million
Net income: $110.1 million
EPS: $0.56
Result: reported results

Exact text from the filing

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 first quarter ended March 31, 2023. First Quarter 2023: · Net income of $110.1 million; Net income margin of 29.5%; Normalized Adjusted Net Income 1 of $127.6 million · Basic and diluted earnings per share of $0.56; Normalized Adjusted EPS 1 of $0.74 · Total revenues of $610.5 million; Trading income, net, of $411.5 million

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Source: SEC EDGAR

accession 0001104659-23-047419

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