Highest-materiality recent filing
Virtu Financial appoints Barbara Finigan as Class I independent director
Barbara Finigan appointed to Board as Class I director, effective August 19, 2026.
Virtu Financial Q2 2026 net income $284.9M, EPS $1.63; declares $0.24 dividend
Net income of $284.9M; Normalized Adjusted Net Income of $291.5M.
Virtu Financial closes $500M incremental term loan, total term debt now $2.03B
Closed $500M incremental term B-2 loans on July 23, 2026.
Virtu reports preliminary Q2 net income $285M, EPS $1.63; markets $400M incremental term loan
Net income $285M; diluted EPS $1.63; Normalized Adjusted Net Income $292M; Normalized Adjusted EPS $1.82.
Virtu Financial stockholders elect three Class II directors, approve say-on-pay, ratify auditor
Aaron Simons, Joseph J. Grano Jr., Joanne M. Minieri elected Class II directors for three-year terms expiring in 2029.
Virtu Financial amends CFO Cindy Lee's employment agreement with $500K salary and equity award
Annual base salary set at $500,000; eligible for discretionary annual bonus.
Virtu Financial Q1 2026: Net income $346.6M, EPS $1.99, declares $0.24 dividend
Net income $346.6M; Normalized Adjusted Net Income $356.7M; diluted EPS $1.99; Normalized Adjusted EPS $2.24
Virtu Financial Q4 2025 net income $280.6M; diluted EPS $1.54; declares $0.24 dividend
Net income of $280.6M; Normalized Adjusted Net Income of $294.5M.
Virtu Q3 net income $149.1M; normalized adjusted EPS $1.05; declares $0.24 dividend
Net income $149.1M; Normalized Adjusted Net Income $166.5M.
Virtu Financial enters new employment agreement with CEO Aaron Simons; base salary doubles to $1.2M
New employment agreement effective Sep 30, 2025; term through Aug 1, 2030, with automatic renewals.
Virtu Financial closes $300M incremental term loan, total term debt now $1.545B
Incremental Term B-2 Loans of $300M issued at par, bringing total Term B-2 balance to $1.545B.
Virtu Financial CEO Doug Cifu retires, CTO Aaron Simons appointed CEO effective Aug 1, 2025
Doug Cifu will retire as CEO and Board member on Aug 1, 2025, and serve as consultant through Dec 31, 2025.
Virtu Q2 2025 net income $293M, EPS $1.65, declares $0.24 dividend
Revenue $999.6M; trading income net $652.8M; net income margin 29.3%.
Virtu shareholders re-elect three Class I directors, approve say-on-pay and incentive plan amendment
William F. Cruger, Jr. elected with 667.8M for, 7.3M against; Christopher C. Quick with 640.6M for, 34.5M against; Vincent Viola with 640.8M for, 34.3M against.
Virtu Financial to transfer listing from Nasdaq to NYSE effective June 17, 2025
Board authorized voluntary delisting from Nasdaq; trading on Nasdaq ends June 16, 2025.
Virtu Q1 2025 net income $189.6M; normalized adj EPS $1.30, dividend $0.24
Net income $189.6M ($1.08 diluted EPS); Normalized Adjusted Net Income $208.3M ($1.30 EPS).
Virtu Financial posts previously published SEC Rule 605 metrics; no new data
Filed Item 8.01 to announce graphical materials summarizing already-public Rule 605 volumes and metrics.
Virtu extends employment agreements of Molluso and Cavoli to Feb 2028
Joseph Molluso (Co-President and Co-COO) contract extended to February 28, 2028.
Virtu reprices $1.245B term loans via Amendment No. 2, establishes new B-2 tranche due 2031
New $1,245M senior secured first lien term B-2 loans replace existing B-1 loans on February 19, 2025.
Virtu Financial reports Q4 2024 net income of $176.1M, EPS $1.03; declares $0.24 dividend
Net income Q4 2024 $176.1M; Normalized Adjusted Net Income $182.2M; diluted EPS $1.03, Normalized Adjusted EPS $1.14.
Virtu Q3 net income $119M, adjusted EPS $0.82, declares $0.24 dividend
Net income $119.0M; diluted EPS $0.64; Normalized Adjusted EPS $0.82.
Virtu Q2 net income $128.1M, EPS $0.71; declares $0.24 dividend, completes $1.7B debt refi
Net income $128.1M, diluted EPS $0.71; Normalized Adjusted Net Income $135.3M, Normalized Adjusted EPS $0.83.
Virtu Financial completes $500M note offering and $1.245B term loan refinancing
Issued $500M senior first lien notes due 2031 at 7.50% interest, semiannual payments.
Virtu prices $500M notes at 7.50% and new $1.245B term loan, expects $2M annual interest savings
$500M of 7.50% senior first lien notes due 2031 priced on June 11, 2024.
Four Class III directors elected: Virginia Gambale (665.4M for), John D. Nixon (639.7M), David J. Urban (667.8M), Michael T. Viola (624.0M).
Virtu Financial names Cindy Lee CFO effective Aug 1; Sean Galvin moves to senior role
Cindy Lee, current Deputy CFO, promoted to CFO; succeeds Sean Galvin who remains in a senior role.
Virtu Q1 net income $111.3M ($0.59 EPS); board authorizes $500M buyback
Net income $111.3M ($0.59 EPS); Normalized Adj. Net Income $124.3M ($0.76 EPS).
Virtu Financial presents at FIA Boca 2024 conference; no material new data disclosed
Presentation made at FIA Boca International Futures Industry Conference on or around March 12, 2024.
Virtu Q4 net income $6.7M; normalized adj EPS $0.27; declares $0.24 dividend
Q4 net income $6.7M ($0.05 diluted EPS); normalized adj. net income $44.1M ($0.27 EPS).
Virtu Financial Q3 2023 net income $117.6M, diluted EPS $0.63, declares $0.24 dividend
Net income $117.6M; Normalized Adjusted Net Income $74.7M; diluted EPS $0.63; Normalized Adjusted EPS $0.45.
SEC files civil lawsuit against Virtu over information barriers; Virtu denies allegations
SEC initiated civil lawsuit against Virtu on Sept 12, 2023, regarding internal information barriers from Jan 2018 to Apr 2019.
Virtu Q2 2023 net income $29.5M, normalized EPS $0.37, declares $0.24 dividend
Net income of $29.5M ($0.16 diluted EPS); Normalized Adjusted Net Income $61.7M ($0.37 EPS).
Director nominees Douglas A. Cifu, Joseph J. Grano Jr., and Joanne M. Minieri elected to three-year terms with overwhelming support.
Virtu Financial Chairman Robert Greifeld resigns; Michael T. Viola appointed successor
Robert Greifeld resigned as Chairman and Board member effective April 19, 2023, to pursue investment management and philanthropy.
Virtu Q1 2023 net income $110M, EPS $0.56; declares $0.24 dividend
Net income $110.1M ($0.56 diluted EPS); normalized adjusted net income $127.6M ($0.74 adj EPS).
Virtu Financial accelerates Q1 2023 share repurchase to $75-80M
Expects to repurchase $75-$80 million of shares in Q1 2023, up from $45M in Q4 2022.
Virtu Financial Q4 2022 net income $39.6M, dividend $0.24
Q4 net income $39.6M; Normalized Adj Net Income $64.1M; diluted EPS $0.27; Normalized Adj EPS $0.37.
Virtu Financial amends exec employment pacts; base $600k, 75,000 RSUs/year tied to EBITDA
Executives Fairclough, Molluso, Cavoli get $600k salary, $2M target/$3M max bonus, 50% quantitative/50% qualitative.
Virtu Financial reports Q3 net income $79.9M; normalized adj. EPS $0.61; declares $0.24 dividend
Net income $79.9M; diluted EPS $0.37; normalized adjusted EPS $0.61.
Virtu Q2 2022 net income $148.9M, EPS $0.78; declares $0.24 dividend
Net income of $148.9M; Normalized Adjusted Net Income of $129.9M.
Directors Cruger, Quick, and Viola re-elected with over 640M votes each; broker non-votes ~8.2M.
Virtu Financial enters new CEO employment agreement with Douglas Cifu through 2028
Base salary increased $200K to $1.2M; target annual bonus raised to $3M (max 200% of target).
Virtu Q1 2022 net income $199.9M; normalized adj. EPS $1.27
Net income $199.9M; basic EPS $0.99, diluted $0.98; normalized adj. net income $231.8M ($1.27/sh).
Virtu Q4 net income $186M, EPS $0.89; declares $0.24 dividend
Q4 net income $186.0M ($0.89 diluted EPS); Normalized Adjusted EPS $1.19.
Virtu Financial closes $1.8B senior secured term loan due 2029 to refinance and fund buybacks
Virtu priced $1.8B senior secured term loan due 2029 at SOFR+300bps, issued at 99.75% of par.
Virtu Financial announces $1.8B term loan due 2029 to refinance debt, fund buybacks
Virtu commenced marketing a $1.8B senior secured first lien term loan due 2029, replacing existing $1.6B loan due 2026.
Virtu Financial Q3 2021: Net income $123.1M, EPS $0.59, authorizes additional $750M buyback
Net income $123.1M ($0.59 EPS); Normalized Adjusted Net Income $132.2M ($0.70 EPS).
Director Glenn Hutchins resigns; company updates share repurchase progress
Glenn Hutchins resigned from Board effective Aug 17, 2021 after Ordinal Holdings repurchase triggered reduced nomination rights.
Virtu Q2 net income $108.9M, adjusted EPS $0.63; declares $0.24 dividend
Net income of $108.9M ($0.50 diluted EPS); Normalized Adjusted Net Income $122.3M ($0.63 adj EPS)
current Deputy Chief Financial Officer Cindy Lee will succeed Sean Galvin as Chief Financial Officer effective August 1, 2024.
Mr. Galvin will remain with the Company in a senior role after the planned transition as of August 1, 2024.
the Board appointed current director Mr. Michael T. Viola to serve as Chairman
On April 19, 2023, Robert Greifeld resigned as Chairman and member of the Board of Directors
On August 17, 2021, Glenn Hutchins resigned from the Board of Directors (the “Board”) of Virtu Financial, Inc. (the “Company”), and the Board’s Strategy Committee and Risk Committee, effective immediately.
Max materiality 0.80 · Median 0.60 · Most common event earnings