Virtu Financial, Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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) | 2025 | 2024 | 2023 |
| Revenues: | |||
| Trading income, net | $2,436,707 | $1,822,437 | $1,301,344 |
| Interest and dividends income | 508,817 | 462,070 | 462,566 |
| Commissions, net and technology services | 617,025 | 516,783 | 455,598 |
| Other, net | 69,569 | 75,659 | 73,865 |
| Total revenue | 3,632,118 | 2,876,949 | 2,293,373 |
| Operating Expenses: | |||
| Brokerage, exchange, clearance fees and payments for order flow, net | 769,774 | 674,426 | 508,358 |
| Communication and data processing | 249,207 | 236,446 | 230,760 |
| Employee compensation and payroll taxes | 528,085 | 434,823 | 394,039 |
| Interest and dividends expense | 647,448 | 529,177 | 500,467 |
| Operations and administrative | 97,922 | 97,002 | 98,972 |
| Depreciation and amortization | 64,420 | 65,816 | 63,306 |
| Amortization of purchased intangibles and acquired capitalized software | 47,132 | 50,471 | 63,960 |
| Termination of office leases | (5,982) | 16,224 | 455 |
| Debt issue cost related to debt refinancing, prepayment and commitment fees | 6,510 | 29,479 | 8,317 |
| Transaction advisory fees and expenses | 414 | 313 | 314 |
| Financing interest expense on long-term borrowings | 132,859 | 97,802 | 99,294 |
| Total operating expenses | 2,537,789 | 2,231,979 | 1,968,242 |
| Income before income taxes and noncontrolling interest | 1,094,329 | 644,970 | 325,131 |
| Provision for income taxes | 182,065 | 110,435 | 61,210 |
| Net income | 912,264 | 534,535 | 263,921 |
| Noncontrolling interest | (443,903) | (258,120) | (121,885) |
| Net income available for common stockholders | $468,361 | $276,415 | $142,036 |
| Earnings per share | |||
| Basic | $5.14 | $2.98 | $1.42 |
| Diluted | $5.13 | $2.97 | $1.42 |
| Weighted average common shares outstanding | |||
| Basic | 85,216,028 | 87,482,162 | 94,076,165 |
| Diluted | 85,318,436 | 87,821,576 | 94,076,165 |
| Net income | $912,264 | $534,535 | $263,921 |
| Other comprehensive income | |||
| Foreign exchange translation adjustment, net of taxes | 15,731 | (9,048) | 4,957 |
| Net change in unrealized cash flow hedges gain (loss), net of taxes | (397) | (32,251) | (36,993) |
| Comprehensive income | 927,598 | 493,236 | 231,885 |
| Less: Comprehensive income attributable to noncontrolling interest | (455,185) | (240,931) | (104,406) |
| Comprehensive income attributable to common stockholders | $472,413 | $252,305 | $127,479 |
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