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Virtu Financial (VIRT)
NYSE:VIRT
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.28Last Year’s EPS
1.3Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial results: record-high ANTI for the quarter and year, high adjusted EBITDA and margins, successful capital deployment with very high returns, and continued VES momentum. The main cautions were a sequential decline in quoted 605 spreads for retail flow, increased compensation expense, reliance on a favorable market environment (which may not persist), limited disclosure on detailed asset-class contributions, and regulatory uncertainty around new markets. Overall, positives (record revenues, margins, capital returns, and VES progress) substantially outweighed the lowlights, though several risks and transparency limitations were noted.Company Guidance
Record Quarterly and Annual Trading Income
Adjusted net trading income (ANTI) of $9.7 million per day in Q4 2025, totaling $613 million for the quarter (the highest quarterly total since Q1 2021). Full-year 2025 ANTI of $8.6 million per day, totaling $2.1 billion.
Strong Segment Performance — Market Making and VES
Market Making ANTI of $7.8 million per day in Q4 and $6.7 million per day for full-year 2025. Virtu Execution Services (VES) reached $2.0 million per day for the quarter and $1.9 million per day for the year — the seventh consecutive quarter of ANTI growth for VES and a new high watermark since early 2022.
Robust Profitability and Margins
Adjusted EBITDA of $442 million for Q4 2025 with a 72% margin; adjusted EPS of $1.85 for the quarter. Full-year adjusted EBITDA of $1.4 billion with a 65% margin and adjusted EPS of $5.73, all the highest levels since 2021.
Capital Accumulation and High Returns on Capital
Invested capital increased by approximately $625 million in 2025 (about $448 million added in H2), with management reporting an average return of 100% on incremental capital over the year and a 100% return on incremental capital in the quarter.
Maintained Shareholder Distribution
Company maintained its quarterly dividend at $0.24 per share.
Operational Drivers — Favorable Market Environment and Execution
Performance benefited from favorable operating conditions: realized volatility and VIX were up, equity share volumes increased, and elevated volumes across multiple asset classes enabled strong cross-asset trading and execution.
VIRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VIRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $37.49 | $40.66 | +8.46% |
Oct 29, 2025 | $34.34 | $34.16 | -0.52% |
Jul 30, 2025 | $43.50 | $44.24 | +1.70% |
Apr 23, 2025 | $37.89 | $38.40 | +1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Virtu Financial (VIRT) report earnings?
Virtu Financial (VIRT) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Virtu Financial (VIRT) earnings time?
Virtu Financial (VIRT) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIRT EPS forecast?
VIRT EPS forecast for the fiscal quarter 2026 (Q1) is 1.28.