Virtu Reports Record Trading Income Amid Market Volatility

Virtu Financial reported a record $568m in adjusted net trading income in Q2, driven by market volatility and growth in digital assets and ETFs. CEO Douglas A. Cifu noted that the firm's results were fueled by turmoil around tariffs, economic policy, and general volatility. The company is transitioning to a new CEO, but its strong financial performance suggests continued success in the digital assets and ETFs market.

Virtu Financial, Inc. (NYSE: VIRT) reported a record adjusted net trading income of $568 million for the second quarter of 2025, driven by market volatility and growth in digital assets and ETFs. The company's strong financial performance was highlighted by a 47.4% increase in adjusted net trading income compared to the same period last year [1].

Douglas A. Cifu, CEO of Virtu Financial, noted that the firm's results were significantly impacted by market turmoil around tariffs, economic policy, and general volatility. Despite the transition to a new CEO, the company's robust financial performance suggests continued success in the digital assets and ETFs market.

Key highlights of the quarter include total revenues of $999.6 million, a 44.2% increase year-over-year, and trading income growing by 53.1% to $652.8 million. The company's adjusted EBITDA increased by 69.8% to $369.4 million, reflecting a 65.1% margin, indicating improved operational efficiency. Earnings per share (EPS) nearly doubled to $1.65 from $0.71 in the prior year [1].

Virtu Financial maintained its shareholder-friendly capital allocation strategy by declaring a quarterly dividend of $0.24 per share and continuing its share buyback program, repurchasing $66.3 million in shares during the quarter. The company's balance sheet remains strong, with $789.8 million in cash and equivalents against $1.77 billion in long-term debt [1].

The Market Making segment, which includes trading in digital assets and ETFs, emerged as the primary growth driver, with trading income surging 53.1% to $647.3 million. This exceptional performance boosted adjusted net trading income by 47.4% to $567.7 million and adjusted EBITDA by 69.8% to $369.4 million [1].

Virtu Financial will host a conference call to review its second quarter 2025 financial performance on July 30, 2025, at 8:00 a.m. ET. Investors and financial professionals are encouraged to follow the company's investor relations section on its website for more information and updates [1].

References:
[1] https://www.stocktitan.net/news/VIRT/virtu-announces-second-quarter-2025-m1ajh3ojxxlq.html