Virtu Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 07:00 am EDT
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Virtu Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 630.16 million compared to USD 561.04 million a year ago. Net income was USD 61.92 million compared to USD 40.01 million a year ago. Basic earnings per share from continuing operations was USD 0.63 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 0.37 a year ago.
For the nine months, revenue was USD 1,757.4 million compared to USD 1,867.04 million a year ago. Net income was USD 136.5 million compared to USD 237.43 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 2.17 a year ago. Diluted earnings per share from continuing operations was USD 1.36 compared to USD 2.16 a year ago.
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.
VIRTU FINANCIAL, INC. 
