earnings
confidence high
sentiment positive
materiality 0.75
Virtu Q1 net income $111.3M ($0.59 EPS); board authorizes $500M buyback
Virtu Financial, Inc.
2024-Q1 EPS reported
$0.59
revenue$642,839,000
- Net income $111.3M ($0.59 EPS); Normalized Adj. Net Income $124.3M ($0.76 EPS).
- Total revenues $642.8M; Trading income net $408.1M; Adj. Net Trading Income $366.9M.
- Adjusted EBITDA $202.8M (55.3% margin); share buybacks of $35.8M (2.0M shares) in Q1.
- Board authorized additional $500M share repurchase over two years; dividend $0.24/share payable June 15, 2024.