AI Earnings Predictions for Virtu Financial Inc. (VIRT)

EX-99.1

2 exhibit991q226.htm

EX-99.1

Document

Exhibit 99.1

Virtu Announces Second Quarter 2026 Results

NEW YORK, NY, July 30, 2026 - Virtu Financial, Inc. (NYSE: 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 second quarter ended June 30, 2026.

Second Quarter 2026:

•Net income of $284.9 million; Normalized Adjusted Net Income1 of $291.5 million

•Basic and diluted earnings per share of $1.63; Normalized Adjusted EPS1 of $1.82

•Total revenues of $1,190.0 million; Trading income, net, of $856.7 million; Net income Margin of 23.9%2

◦Adjusted Net Trading Income1 of $717.9 million

•Adjusted EBITDA1 of $436.8 million; Adjusted EBITDA Margin1 of 60.8%

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on September 15, 2026 to shareholders of record as of September 1, 2026.

Note 1: Non-GAAP financial measures. Please see "Non-GAAP Financial Measures and Other Items" for more information.

Note 2: Calculated by dividing Net income by Total revenue.

Page 1

Exhibit 99.1

Financial Results

Second Quarter 2026:

Total revenues increased 19.0% to $1,190.0 million for this quarter, compared to $999.6 million for the same period in 2025. Trading income, net, increased 31.2% to $856.7 million for the quarter compared to $652.8 million for the same period in 2025. Net income totaled $284.9 million for this quarter, compared to net income of $293.0 million in the prior year quarter.

Basic and diluted earnings per share for this quarter were $1.63, compared to basic and diluted earnings per share of $1.65 for the same period in 2025.

Adjusted Net Trading Income increased 26.4% to $717.9 million for this quarter, compared to $567.7 million for the same period in 2025. Adjusted EBITDA increased 18.2% to $436.8 million for this quarter, compared to $369.4 million for the same period in 2025. Normalized Adjusted Net Income increased 19.4% to $291.5 million for this quarter, compared to $244.2 million for the same period in 2025.

Assuming all non-controlling interests had been exchanged for common stock, and the Company’s Normalized Adjusted Net Income before income taxes was subject to corporation taxes, Normalized Adjusted EPS was $1.82 for this quarter, compared to $1.53 for the same period in 2025.

Operating Segment Information

The Company has two operating segments: Market Making and Execution Services; and one non-operating segment: Corporate.

Market Making principally consists of market making in the cash, futures and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. As a market maker, the Company commits capital on a principal basis by offering to buy securities from, or sell securities to, broker dealers, banks and institutions.

Execution Services comprises agency-based trading and trading venues, offering execution services in global equities, options, futures and fixed income on behalf of institutions, banks and broker dealers. The Company also provides proprietary technology and infrastructure, workflow technology, and trading analytics services to select third parties. The segment also includes the results of the Company's capital markets business, in which the Company acts as an agent for issuers in connection with at-the-market offerings and buyback programs.

Corporate contains the Company's investments, principally in strategic trading-related opportunities, and maintains corporate overhead expenses.

The following tables show the trading income, net, total revenues and Adjusted Net Trading Income by segment for the three and six months ended June 30, 2026 and 2025.

Total revenues by segment

(in thousands, unaudited)

Three Months Ended June 30, 2026Three Months Ended June 30, 2025

Market MakingExecution ServicesCorporateTotalMarket MakingExecution ServicesCorporateTotal

Trading income, net$849,402 $7,289 $— $856,691 $647,344 $5,452 $— $652,796

Commissions, net and technology services15,944 163,601 — 179,545 14,414 139,445 — 153,859

Interest and dividends income143,322 2,564 — 145,886 125,893 2,513 — 128,406

Other, net506 7 7,318 7,831 (1,058)67,078 (1,508)64,512

Total Revenues$1,009,174 $173,461 $7,318 $1,189,953 $786,593 $214,488 $(1,508)$999,573

Page 2

Exhibit 99.1

Six Months Ended June 30, 2026Six Months Ended June 30, 2025

Market MakingExecution ServicesCorporateTotalMarket MakingExecution ServicesCorporateTotal

Trading income, net$1,631,821 $14,016 $— $1,645,837 $1,229,966 $12,813 $— $1,242,779

Commissions, net and technology services24,619 341,551 — 366,170 31,726 273,440 — 305,166

Interest and dividends income268,384 5,020 — 273,404 232,331 5,128 — 237,459

Other, net47 5 (183)(131)(16,258)64,115 4,181 52,038

Total Revenues$1,924,871 $360,592 $(183)$2,285,280 $1,

EX-99.1

2 exhibit991q226prelim.htm

EX-99.1

Document

Exhibit 99.1

Virtu Announces Preliminary Estimated Second Quarter 2026 Results and Commences Marketing of Incremental First Lien Term Loan

NEW YORK, NY, July 14, 2026 - Virtu Financial, Inc. (NYSE: VIRT) (the “Company”), a global market maker, broker and leading provider of global financial services technology, today announced preliminary estimates of its results of operations for the quarter ended June 30, 2026 in connection with the commencement of marketing of incremental term loans in the amount of $400 million (the “Incremental Term Loans”). The Incremental Term Loans would increase the total term loan balance under the Company’s senior secured credit facility to $1,930 million (the “Term Loans”).

Actual results for the second quarter 2026 are scheduled to be reported on July 30, 2026.

On a preliminary estimated basis:

Virtu expects its results of operations for the quarter ended June 30, 2026 to reflect:

•Net income of $285 million; Normalized Adjusted Net Income1 of $292 million

•Basic and diluted earnings per share of $1.63; Normalized Adjusted EPS1 of $1.82

•Trading income, net, of $857 million; Adjusted Net Trading Income1 of $718 million

◦Average daily Adjusted NTI1 of $11.6 million

•Adjusted EBITDA1 of $437 million

Note 1: Non-GAAP financial measures. Please see "Non-GAAP Financial Measures and Other Items" for more information.

The preliminary financial and other data set forth above has been prepared by, and is the responsibility of our management. The foregoing information and estimates have not been compiled or examined by our independent registered public accounting firm nor have our independent registered public accounting firm performed any procedures with respect to this information or expressed any opinion or any form of assurance of such information. In addition, the foregoing information and estimates are subject to revision as we prepare our consolidated financial statements and other disclosures as of and for the three months ended June 30, 2026, including all disclosures required by U.S. GAAP. Because we have not completed our normal quarterly closing and review procedures for the three months ended June 30, 2026, and subsequent events may occur that require material adjustments to these results, the final results and other disclosures for the three months ended June 30, 2026, may differ materially from these estimates. These estimates should not be viewed as a substitute for full financial statements prepared in accordance with U.S. GAAP or as a measure of performance. In addition, these estimated results of operations for the three months ended June 30, 2026, are not necessarily indicative of the results to be achieved for any future period. See "Cautionary Note Regarding Forward-looking Statements." These estimated results of operations should be read together with subsequent filings and announcements, including any subsequent press release announcing the Company’s earnings for the quarter ended June 30, 2026, and our consolidated financial statements and related notes to be filed on Form 10-Q on or before August 10, 2026.

Page 1

Exhibit 99.1

Non-GAAP Financial Measures and Other Items

To supplement our unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), we use the following non-GAAP measures of financial performance:

•“Adjusted Net Trading Income”, which is the amount of revenue we generate from our market making activities, or trading income, net, plus commissions, net and technology services, plus interest and dividends income and expense, net, less direct costs associated with those revenues, including brokerage, exchange, clearance fees and payments for order flow, net. Management believes that this measurement is useful for comparing general operating performance from period to period. Although we use Adjusted Net Trading Income as a financial measure to assess the performance of our business, the use of Adjusted Net Trading Income is limited because it does not include certain material costs that are necessary to operate our business. Our presentation of Adjusted Net Trading Income should not be construed as an indication that our future results will be unaffected by revenues or expenses that are not directly associated with our core business activities.

•“EBITDA”, which measures our operating performance by adjusting Net Income to exclude Financing interest expense on long-term borrowings, Debt issue cost related to debt refinancing, prepayment, and commitment fees, Depreciation and amortization, Amortization of purchased intangibles and acquired capitalized software, and Income tax expense, and “Adjusted EBITDA”, which measures our operating performance by further adjusting EBITDA to exclude severance, transaction advisory fees and expenses, termination of office leases, charges related to share-based compensation and

EX-99.1

2 exhibit991q126.htm

EX-99.1

Document

Exhibit 99.1

Virtu Announces First Quarter 2026 Results

NEW YORK, NY, April 29, 2026 - Virtu Financial, Inc. (NYSE: 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, 2026.

First Quarter 2026:

•Net income of $346.6 million; Normalized Adjusted Net Income1 of $356.7 million

•Basic and diluted earnings per share of $1.99; Normalized Adjusted EPS1 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 Income1 of $786.5 million

•Adjusted EBITDA1 of $520.6 million; Adjusted EBITDA Margin1 of 66.2%

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on June 15, 2026 to shareholders of record as of June 1, 2026.

Note 1: Non-GAAP financial measures. Please see "Non-GAAP Financial Measures and Other Items" for more information.

Note 2: Calculated by dividing Net income by Total revenue.

Page 1

Exhibit 99.1

Financial Results

First Quarter 2026:

Total revenues increased 30.7% to $1,095.3 million for this quarter, compared to $837.9 million for the same period in 2025. Trading income, net, increased 33.8% to $789.1 million for the quarter compared to $590.0 million for the same period in 2025. Net income totaled $346.6 million for this quarter, compared to net income of $189.6 million in the prior year quarter.

Basic and diluted earnings per share for this quarter were $1.99, compared to basic and diluted earnings per share of $1.09 and $1.08, respectively, for the same period in 2025.

Adjusted Net Trading Income increased 58.2% to $786.5 million for this quarter, compared to $497.1 million for the same period in 2025. Adjusted EBITDA increased 62.7% to $520.6 million for this quarter, compared to $319.9 million for the same period in 2025. Normalized Adjusted Net Income increased 71.2% to $356.7 million for this quarter, compared to $208.3 million for the same period in 2025.

Assuming all non-controlling interests had been exchanged for common stock, and the Company’s Normalized Adjusted Net Income before income taxes was subject to corporation taxes, Normalized Adjusted EPS was $2.24 for this quarter, compared to $1.30 for the same period in 2025.

Operating Segment Information

The Company has two operating segments: Market Making and Execution Services; and one non-operating segment: Corporate.

Market Making principally consists of market making in the cash, futures and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. As a market maker, the Company commits capital on a principal basis by offering to buy securities from, or sell securities to, broker dealers, banks and institutions.

Execution Services comprises agency-based trading and trading venues, offering execution services in global equities, options, futures and fixed income on behalf of institutions, banks and broker dealers. The Company also provides proprietary technology and infrastructure, workflow technology, and trading analytics services to select third parties. The segment also includes the results of the Company's capital markets business, in which the Company acts as an agent for issuers in connection with at-the-market offerings and buyback programs.

Corporate contains the Company's investments, principally in strategic trading-related opportunities, and maintains corporate overhead expenses.

The following tables show the trading income, net, total revenues and Adjusted Net Trading Income by segment for the three months ended March 31, 2026 and 2025.

Total revenues by segment

(in thousands, unaudited)

Three Months Ended March 31, 2026Three Months Ended March 31, 2025

Market MakingExecution ServicesCorporateTotalMarket MakingExecution ServicesCorporateTotal

Trading income, net$782,419 $6,727 $— $789,146 $582,622 $7,361 $— $589,983

Commissions, net and technology services8,675 177,950 — 186,625 17,312 133,995 — 151,307

Interest and dividends income125,062 2,456 — 127,518 106,438 2,615 — 109,053

Other, net(459)(2)(7,501)(7,962)(15,200)(2,963)5,689 (12,474)

Total Revenues$915,697 $187,131 $(7,501)$1,095,327 $691,172 $141,008 $5,689 $837,869

Page 2

Exhibit 99.1

Reconciliation of trading income, net to Adjusted Net Trading Income by operating segment

(in thousands, unaudited)

Three Months Ended March 31, 2026Three Months Ended March 31, 2025

Market MakingExecution ServicesCorporateTotalMarket MakingExecution ServicesCorporateTotal

Trading income, net$782,419 $6,727 $— $789,146 $582,622 $7,361 $— $589,983

Commissions, net and technology services8,675 177,950 — 186,625 17,312 133,995 — 151,307

Interest and dividends income125,062 2,456 — 127,518 106,438 2