Virtu Financial Inc
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
VIRT$57.75+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
| Years Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 | 2022 |
| Revenues: | |||
| Trading income, net | $1,822,437 | $1,301,344 | $1,628,898 |
| Interest and dividends income | 462,070 | 462,566 | 159,120 |
| Commissions, net and technology services | 516,783 | 455,598 | 529,845 |
| Other, net | 75,659 | 73,865 | 46,949 |
| Total revenue | 2,876,949 | 2,293,373 | 2,364,812 |
| Operating Expenses: | |||
| Brokerage, exchange, clearance fees and payments for order flow, net | 674,426 | 508,358 | 619,168 |
| Communication and data processing | 236,446 | 230,760 | 219,505 |
| Employee compensation and payroll taxes | 434,823 | 394,039 | 390,947 |
| Interest and dividends expense | 529,177 | 500,467 | 231,060 |
| Operations and administrative | 97,002 | 98,972 | 86,069 |
| Depreciation and amortization | 65,816 | 63,306 | 66,377 |
| Amortization of purchased intangibles and acquired capitalized software | 50,471 | 63,960 | 64,837 |
| Termination of office leases | 16,224 | 455 | 6,982 |
| Debt issue cost related to debt refinancing, prepayment and commitment fees | 29,479 | 8,317 | 29,910 |
| Transaction advisory fees and expenses | 313 | 314 | 1,124 |
| Financing interest expense on long-term borrowings | 97,802 | 99,294 | 92,035 |
| Total operating expenses | 2,231,979 | 1,968,242 | 1,808,014 |
| Income before income taxes and noncontrolling interest | 644,970 | 325,131 | 556,798 |
| Provision for income taxes | 110,435 | 61,210 | 88,466 |
| Net income | 534,535 | 263,921 | 468,332 |
| Noncontrolling interest | (258,120) | (121,885) | (203,306) |
| Net income available for common stockholders | $276,415 | $142,036 | $265,026 |
| Earnings per share | |||
| Basic | $2.98 | $1.42 | $2.45 |
| Diluted | $2.97 | $1.42 | $2.44 |
| Weighted average common shares outstanding | |||
| Basic | 87,482,162 | 94,076,165 | 103,997,767 |
| Diluted | 87,821,576 | 94,076,165 | 104,422,443 |
| Net income | $534,535 | $263,921 | $468,332 |
| Other comprehensive income | |||
| Foreign exchange translation adjustment, net of taxes | (9,048) | 4,957 | (24,254) |
| Net change in unrealized cash flow hedges gain (loss), net of taxes | (32,251) | (36,993) | 90,865 |
| Comprehensive income | 493,236 | 231,885 | 534,943 |
| Less: Comprehensive income attributable to noncontrolling interest | (240,931) | (104,406) | (228,117) |
| Comprehensive income attributable to common stockholders | $252,305 | $127,479 | $306,826 |
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