Virtu Financial, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-06-10 meeting.
“The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified. The votes for the ratification of the appointment of PricewaterhouseCoopers LLP are set forth below: For Against Abstain 679,397,651 659,952 40,619”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Advisory approval of the compensation of named executive officers at the 2026-06-10 meeting.
“The compensation of the Company’s named executive officers was approved, on an advisory basis. The advisory votes are set forth below: For Against Abstain Broker Non-Votes 663,861,829 8,042,616 53,464 8,140,313”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Election of Class II Directors at the 2026-06-10 meeting.
“Each of the director nominees listed below was elected a Class II director of the Company to act in accordance with the amended and restated bylaws of the Company for a term of three years expiring at the annual meeting of stockholders to be held in 2029 and until such director's successor has been duly elected and qualified. The votes for the election of directors are set forth below: Nominee For Withheld Broker Non-Votes Aaron Simons 671,181,435 776,474 8,140,313 Joseph J. Grano, Jr. 655,260,181 16,697,728 8,140,313 Joanne M. Minieri 645,673,037 26,284,872 8,140,313”
Earnings Releases
Virtu Financial, Inc. reported first quarter ended March 31, 2026 results: revenue $1,095.3 million, net income $346.6 million, EPS $1.99.
“of $346.6 million; Normalized Adjusted Net Income 1 of $356.7 million • Basic and diluted earnings per share of $1.99; Normalized Adjusted EPS 1 of $2.24 • Total revenues of $1,095.3 million; Trading income, net, of $789.1 million; Net income Margin of 31.6% 2 ◦ Adjusted Net Trading Income 1 of $786.5 million • Adjusted EBITDA 1 of $520.6 million; Adjusted EBITDA”
Debt Financings
Virtu Financial, Inc. incurred term loan of $300 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at term SOFR for the interest period in effect and (y) 0%, plus, in each case, 2.50 maturing June 21, 2031.
“agent and collateral agent. Amendment No. 3 amends the Existing Credit Agreement to effect the issuance of incremental senior secured first lien term B-2 loans in the amount of $300 million (the “Incremental Term B-2 Loans”), the proceeds of which will be used for general corporate purposes, for a total term B-2 loan balance of $1,545 million (collectively, the”
Sean Galvin changed role as Chief Financial Officer at Virtu Financial, Inc..
“Mr. Galvin will remain with the Company in a senior role after the planned transition as of August 1, 2024.”
Cindy Lee was appointed as Chief Financial Officer at Virtu Financial, Inc..
“current Deputy Chief Financial Officer Cindy Lee will succeed Sean Galvin as Chief Financial Officer effective August 1, 2024.”
Earnings Releases
Virtu Financial, Inc. reported first quarter ended March 31, 2024 results: revenue $642.8 million, net income $111.3 million, EPS $0.59.
“Virtu Announces First Quarter 2024 Results NEW YORK, NY, April 24, 2024 - 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, 2024. First Quarter 2024: • Net income of $111.3 million; Normalized Adjusted Net Income 1 of $124.3 million • Basic and diluted earnings per share of $0.59; Normalized Adjusted EPS 1 of $0.76 • Total revenues of $642.8 million”
Earnings Releases
Virtu Financial, Inc. reported full year 2023 results: revenue $2,293.4 million, net income $263.9 million, EPS $1.42.
“of $263.9 million; Normalized Adjusted Net Income 1 of $308.1 million • Basic and diluted earnings per share of $1.42; Normalized Adjusted EPS 1 of $1.84 • Total revenues of $2,293.4 million; Trading income, net of $1,301.3 million; Net income Margin of 11.5% 2 ◦ Adjusted Net Trading Income 1 of $1,210.7 million • Adjusted EBITDA 1 of $568.0 million; Adjusted EBITDA”
Earnings Releases
Virtu Financial, Inc. reported fourth quarter ended December 31, 2023 results: revenue $536.0 million, net income $6.7 million, EPS $0.05.
“income of $6.7 million; Normalized Adjusted Net Income 1 of $44.1 million • Basic and diluted earnings per share of $0.05; Normalized Adjusted EPS 1 of $0.27 • Total revenues of $536.0 million; Trading income, net, of $266.6 million; Net income Margin of 1.3% 2 ◦ Adjusted Net Trading Income 1 of $260.9 million • Adjusted EBITDA 1 of $99.0 million; Adjusted EBITDA”
Earnings Releases
Virtu Financial, Inc. reported the second quarter ended June 30, 2023 results: revenue $506.9 million, net income $29.5 million, EPS $0.16.
“of $29.5 million; Normalized Adjusted Net Income 2 of $61.7 million • Basic and diluted earnings per share of $0.16; Normalized Adjusted EPS 2 of $0.37 • Total revenues of $506.9 million; Trading income, net, of $306.2 million; Net income Margin of 5.8% 1 ◦ Adjusted Net Trading Income 2 of $278.7 million • Adjusted EBITDA 2 of $122.0 million; Adjusted EBITDA”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Approval of amendment to Virtu Financial, Inc. Amended and Restated 2015 Management Incentive Plan to increase authorized shares at the 2023-06-13 meeting.
“The votes for the approval of the amendment are set forth below: For Against Abstain Broker Non-Votes 671,408,010 7,045,032 53,164 8,718,110”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2023-06-13 meeting.
“The votes for the ratification of the appointment of PricewaterhouseCoopers LLP are set forth below: For Against Abstain 685,711,444 1,169,293 343,579”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-06-13 meeting.
“The compensation of the Company’s named executive officers was approved, on an advisory basis. The advisory votes are set forth below: For Against Abstain Broker Non-Votes 661,957,509 16,468,327 80,370 8,718,110”
Shareholder Votes
Virtu Financial, Inc. shareholders approved Election of Class II directors at the 2023-06-13 meeting.
“The votes for the election of directors are set forth below: Nominee For Withheld Broker Non-Votes Douglas A. Cifu 672,534,539 5,971,667 8,718,110 Joseph J. Grano, Jr. 671,685,426 6,820,780 8,718,110 Joanne M. Minieri 629,155,926 49,350,280 8,718,110”
Michael T. Viola was appointed as Chairman at Virtu Financial, Inc..
“the Board appointed current director Mr. Michael T. Viola to serve as Chairman”
Robert Greifeld resigned as Chairman at Virtu Financial, Inc..
“On April 19, 2023, Robert Greifeld resigned as Chairman and member of the Board of Directors”
Earnings Releases
Virtu Financial, Inc. reported first quarter ended March 31, 2023 results: revenue $610.5 million, net income $110.1 million, EPS $0.56.
“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”
Earnings Releases
Virtu Financial, Inc. reported the full year ended December 31, 2022 results: revenue Total revenues of $2,364.8 million, net income Net income of $468.3 million, EPS Basic and diluted earnings per share of $2.45 and $2.44, respectively.
“Full Year 2022: · Net income of $468.3 million; Normalized Adjusted Net Income 1 of $532.5 million · Basic and diluted earnings per share of $2.45 and $2.44, respectively; Normalized Adjusted EPS 1 of $3.00 · Total revenues of $2,364.8 million; Trading income, net of $1,628.9 million; Adjusted Net Trading Income 1 of $1,467.6 million”
Earnings Releases
Virtu Financial, Inc. reported the fourth quarter ended December 31, 2022 results: revenue Total revenues of $497.8 million, net income Net income of $39.6 million, EPS Basic and diluted earnings per share of $0.27.
“Fourth Quarter 2022: · Net income of $39.6 million; Normalized Adjusted Net Income 1 of $64.1 million · Basic and diluted earnings per share of $0.27; Normalized Adjusted EPS 1 of $0.37 · Total revenues of $497.8 million; Trading income, net, of $313.3 million; Adjusted Net Trading Income 1 of $274.1 million”
Earnings Releases
Virtu Financial, Inc. reported third quarter ended September 30, 2022 results: revenue Total revenues of $561.0 million, net income Net income of $79.9 million, EPS Basic and diluted earnings per share of $0.38 and $0.37, respectively.
“Third Quarter 2022: · Net income of $79.9 million; Normalized Adjusted Net Income 1 of $106.8 million · Basic and diluted earnings per share of $0.38 and $0.37, respectively; Normalized Adjusted EPS 1 of $0.61 · Total revenues of $561.0 million; Trading income, net, of $397.4 million; Adjusted Net Trading Income 1 of $331.1 million”
Glenn Hutchins resigned as Director at Virtu Financial, Inc..
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.