Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Virtu Financial (VIRT)
NASDAQ:VIRT
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.01Last Year’s EPS
0.76Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -4.83%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Virtu Financial's strong performance in market-making and Execution Services, significant contributions from organic growth initiatives, and a robust share repurchase program. Despite some regulatory challenges and high interest expenses, the company's disciplined cost management and strategic investments position it well for future growth.Company Guidance
During the Virtu Financial 2024 Fourth Quarter Results Conference Call, the company provided several key performance metrics and strategic initiatives. For the fourth quarter, Virtu achieved $7.27 million of adjusted net trading income per day, with an impressive normalized adjusted EPS of $1.14. The market-making segment earned an average of $5.5 million per day, while Execution Services delivered $1.7 million per day, marking increases of 23% and 12% per day, respectively. The firm also reported an adjusted EBITDA of $284 million, resulting in an adjusted EBITDA margin of 61.9%. Throughout 2024, Virtu's organic growth initiatives contributed $787,000 per day to adjusted net trading income, accounting for 12% of firm-wide ANTI. The company's share repurchase program led to the repurchase of 1.7 million shares in Q4 at an average price of $34.18 per share. Virtu remains committed to its $0.24 per quarter dividend, underscoring its dedication to returning capital to shareholders. The company continues to focus on expanding its product offerings and enhancing its technology capabilities to drive future growth.Strong Performance in Market-Making
Our market-making segment earned an average of $5.5 million per day of adjusted net trading income in the quarter, an increase of 23% over the previous quarter.
Execution Services Growth
Execution Services delivered $1.7 million per day, the best quarter since Q1 2022, with a 12% increase over the previous quarter.
Organic Growth Initiatives Success
Generated $787,000 per day from organic growth in 2024, the highest ANTI per day since reporting began, with crypto initiatives performing strongly despite market declines.
Share Repurchase Program
Repurchased 1.7 million shares in Q4 2024, totaling 51 million shares to date, demonstrating a commitment to returning capital to shareholders.
Adjusted EBITDA Margin
Realized a 58% adjusted EBITDA margin for 2024, reflecting disciplined cost management and operational efficiency.
---
VIRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VIRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $38.93 | $39.61 | +1.75% |
| Oct 24, 2024 | $32.14 | $30.66 | -4.60% |
| Jul 18, 2024 | $23.18 | $27.52 | +18.72% |
| Apr 24, 2024 | $20.67 | $21.31 | +3.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Virtu Financial (VIRT) report earnings?
Virtu Financial (VIRT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Virtu Financial (VIRT) earnings time?
Virtu Financial (VIRT) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIRT EPS forecast?
VIRT EPS forecast for the fiscal quarter 2025 (Q1) is 1.01.
---