- Virtu Financial (VIRT, Financial) reports 30.3% revenue growth year-over-year in Q1 2025, reaching $837.9 million.
- The company declares a quarterly dividend of $0.24 per share, payable on June 16, 2025.
- Virtu maintains a strong cash position of $771.0 million against $1,768.3 million in long-term debt.
Virtu Financial, Inc. (VIRT) has announced robust financial results for the first quarter of 2025, showcasing significant year-over-year growth across key financial metrics. The company's total revenues surged by 30.3% to $837.9 million compared to the same period in 2024.
Net income for the quarter was reported at $189.6 million, marking a 70.4% increase from the previous year. The trading income also saw a substantial rise of 44.6%, totaling $590.0 million. Basic and diluted earnings per share were $1.09 and $1.08, respectively. Additionally, Virtu's Adjusted Net Trading Income grew 35.5% to $497.1 million, while Adjusted EBITDA increased 57.7% to $319.9 million.
In line with its commitment to returning capital to shareholders, Virtu continued its share buyback program, repurchasing $48.1 million worth of shares in the first quarter. Moreover, the Board of Directors declared a quarterly cash dividend of $0.24 per share, scheduled for payment on June 16, 2025, to shareholders of record as of May 30, 2025.
The financial services firm maintains a solid balance sheet with $771.0 million in cash and equivalents, counterbalancing its total long-term debt of $1,768.3 million. This financial position affords Virtu the flexibility for ongoing strategic investments and potential acquisitions.
