Virtu Financial, Inc. (NYSE:VIRT), a 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, 2025.
Total revenues increased 44.2% to $999.6 million for the second quarter of 2025, compared to $693.0 million for the same period in 2024. Trading income, net, increased 53.1% to $652.8 million for the quarter compared to $426.4 million for the same period in 2024. Net income totaled $293.0 million for this quarter, compared to net income of $128.1 million in the prior year quarter.
Basic and diluted earnings per share for this quarter were $1.65, compared to basic and diluted earnings per share of $0.71 for the same period in 2024.
Adjusted Net Trading Income increased 47.4% to $567.7 million for this quarter, compared to $385.1 million for the same period in 2024. Adjusted EBITDA increased 69.8% to $369.4 million for this quarter, compared to $217.5 million for the same period in 2024. Normalized Adjusted Net Income, removing one-time and non-cash items, increased 80.5% to $244.2 million for this quarter, compared to $135.3 million for the same period in 2024.
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 $1.53 for this quarter, compared to $0.83 for the same period in 2024.
As of June 30, 2025, Virtu had $789.8 million in cash, cash equivalents and restricted cash, and total long-term debt outstanding in an aggregate principal amount of $1,769.3 million.
