Virtu Financial, LLC: Virtu Announces Second Quarter 2026 Results

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- 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.}

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, 2026												Three Months Ended June 30, 2025
		Market Making			Execution Services			Corporate			Total			Market Making				Execution Services			Corporate				Total
Trading income, net		-	849,402		-	7,289		-	-		-	856,691		-	647,344			-	5,452		-	-			-	652,796
Commissions, net and technology services			15,944			163,601			-			179,545			14,414				139,445			-				153,859
Interest and dividends income			143,322			2,564			-			145,886			125,893				2,513			-				128,406
Other, net			506			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

		Six Months Ended June 30, 2026														Six Months Ended June 30, 2025
		Market Making			Execution Services			Corporate				Total				Market Making				Execution Services			Corporate			Total
Trading income, net		-	1,631,821		-	14,016		-	-			-	1,645,837			-	1,229,966			-	12,813		-	-		-	1,242,779
Commissions, net and technology services			24,619			341,551			-				366,170				31,726				273,440			-			305,166
Interest and dividends income			268,384			5,020			-				273,404				232,331				5,128			-			237,459
Other, net			47			5			(183	-			(131	-			(16,258	-			64,115			4,181			52,038
Total Revenues		-	1,924,871		-	360,592		-	(183	-		-	2,285,280			-	1,477,765			-	355,496		-	4,181		-	1,837,442

Reconciliation of trading income, net to Adjusted Net Trading Income by operating segment
(in thousands, unaudited)

		Three Months Ended June 30, 2026															Three Months Ended June 30, 2025
		Market Making				Execution Services				Corporate			Total				Market Making				Execution Services				Corporate			Total
Trading income, net		-	849,402			-	7,289			-	-		-	856,691			-	647,344			-	5,452			-	-		-	652,796
Commissions, net and technology services			15,944				163,601				-			179,545				14,414				139,445				-			153,859
Interest and dividends income			143,322				2,564				-			145,886				125,893				2,513				-			128,406
Brokerage, exchange, clearance fees and payments for order flow, net			(225,815	-			(33,171	-			-			(258,986	-			(172,311	-			(29,814	-			-			(202,125	-
Interest and dividends expense			(202,982	-			(2,284	-			-			(205,266	-			(163,871	-			(1,342	-			-			(165,213	-
Adjusted Net Trading Income		-	579,871			-	137,999			-	-		-	717,870			-	451,469			-	116,254			-	-		-	567,723

		Six Months Ended June 30, 2026															Six Months Ended June 30, 2025
		Market Making				Execution Services				Corporate			Total				Market Making				Execution Services				Corporate			Total
Trading income, net		-	1,631,821			-	14,016			-	-		-	1,645,837			-	1,229,966			-	12,813			-	-		-	1,242,779
Commissions, net and technology services			24,619				341,551				-			366,170				31,726				273,440				-			305,166
Interest and dividends income			268,384				5,020				-			273,404				232,331				5,128				-			237,459
Brokerage, exchange, clearance fees and payments for order flow, net			(328,573	-			(69,241	-			-			(397,814	-			(366,614	-			(57,386	-			-			(424,000	-
Interest and dividends expense			(379,323	-			(3,870	-			-			(383,193	-			(293,922	-			(2,619	-			-			(296,541	-
Adjusted Net Trading Income		-	1,216,928			-	287,476			-	-		-	1,504,404			-	833,487			-	231,376			-	-		-	1,064,863

Financial Condition

As of June 30, 2026, Virtu had $1,133.0 million in cash, cash equivalents and restricted cash, and total long-term debt outstanding in an aggregate principal amount of $2,051.1 million.

Earnings Conference Call Information

Virtu Financial will host a conference call to review its second quarter 2026 financial performance today, July 30th, 2026, at 7:00 a.m. ET. Members of the public may listen to the conference call through an audio webcast through the Investor Relations section of the firm's website ir.virtu.com/investor-relations.

Website Information

We routinely post important information for investors on the Investor Relations section of our website, ir.virtu.com/investor-relations and also from time to time may use social media channels, including our X account (x.com/virtufinancial) and our LinkedIn account (linkedin.com/company/virtu-financial), as an additional means of disclosing public information to investors, the media and others interested in us. It is possible that certain information we post on our website and on social media could be deemed to be material information, and we encourage investors, the media and others interested in us to review the business and financial information we post on our website and on the social media channels identified above, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website and our social media channels is not incorporated by reference into, and is not a part of, this document.

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 other expenses, which includes reserves for legal matters, and Other, net, which includes gains and losses from strategic investments and the sales of businesses.
  
• "Normalized Adjusted Net Income", "Normalized Adjusted Net Income before income taxes", "Normalized provision for income taxes", and "Normalized Adjusted EPS", which we calculate by adjusting Net Income to exclude certain items, and other non-cash items, assuming that all vested and unvested Virtu Financial Units have been exchanged for Class A Common Stock, and applying an effective tax rate, which was approximately 24%.
  

Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, and Normalized Adjusted EPS are non-GAAP financial measures used by management in evaluating operating performance and in making strategic decisions. Additional information provided regarding the breakdown of Total Adjusted Net Trading Income by category is also a non-GAAP financial measure but is not used by the Company in evaluating operating performance and in making strategic decisions. In addition, these non-GAAP financial measures or similar non-GAAP measures are used by research analysts, investment bankers and lenders to assess our operating performance. Management believes that the presentation of Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes and Normalized Adjusted EPS provide useful information to investors regarding our results of operations because they assist both investors and management in analyzing and benchmarking the performance and value of our business. Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes and Normalized Adjusted EPS provide indicators of general economic performance that are not affected by fluctuations in certain costs or other items. Accordingly, management believes that these measurements are useful for comparing general operating performance from period to period. Furthermore, our credit agreement contains tests based on metrics similar to Adjusted EBITDA. Other companies may define Adjusted Net Trading Income, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes and Normalized Adjusted EPS differently, and as a result our measures of Adjusted Net Trading Income, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes and Normalized Adjusted EPS may not be directly comparable to those of other companies. Although we use these non-GAAP financial measures as financial measures to assess the performance of our business, such use is limited because they do not include certain material costs necessary to operate our business.

Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, Normalized Adjusted Net Income and Normalized Adjusted EPS should be considered in addition to, and not as a substitute for, Net Income in accordance with U.S. GAAP as a measure of performance. Our presentation of Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes and Normalized Adjusted EPS should not be construed as an indication that our future results will be unaffected by unusual or nonrecurring items. Adjusted Net Trading Income, Normalized Adjusted Net Income, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, Normalized Adjusted EPS and our EBITDA-based measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under U.S. GAAP. Some of these limitations are:

• they do not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments;
• our EBITDA-based measures do not reflect the significant interest expense or the cash requirements necessary to service interest or principal payment on our debt;
• although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced or require improvements in the future, and our EBITDA-based measures do not reflect any cash requirement for such replacements or improvements;
• they are not adjusted for all non-cash income or expense items that are reflected in our statements of cash flows;
• they do not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations; and
• they do not reflect limitations on our costs related to transferring earnings from our subsidiaries to us.

Because of these limitations, Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, Normalized Adjusted Net Income and Normalized Adjusted EPS are not intended as alternatives to Net Income as indicators of our operating performance and should not be considered as measures of discretionary cash available to us to invest in the growth of our business or as measures of cash that will be available to us to meet our obligations. We compensate for these limitations by using Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, Normalized Adjusted Net Income and Normalized Adjusted EPS along with other comparative tools, together with U.S. GAAP measurements, to assist in the evaluation of operating performance. These U.S. GAAP measurements include Net Income, cash flows from operations and cash flow data. See below a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure.

Virtu Financial, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (Unaudited)
		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands, except share and per share data)			2026				2025				2026				2025
Revenues:
Trading income, net		-	856,691			-	652,796			-	1,645,837			-	1,242,779
Interest and dividends income			145,886				128,406				273,404				237,459
Commissions, net and technology services			179,545				153,859				366,170				305,166
Other, net			7,831				64,512				(131	-			52,038
Total revenues			1,189,953				999,573				2,285,280				1,837,442
Operating Expenses:
Brokerage, exchange, clearance fees and payments for order flow, net			258,986				202,125				397,814				424,000
Communication and data processing			69,712				61,435				136,587				121,238
Employee compensation and payroll taxes			216,683				136,181				425,038				255,537
Interest and dividends expense			205,266				165,213				383,193				296,541
Operations and administrative			29,445				25,895				58,518				48,031
Depreciation and amortization			18,383				15,618				34,812				31,550
Amortization of purchased intangibles and acquired capitalized software			11,783				11,783				23,566				23,566
Termination of office leases			837				11				821				21
Debt issue cost related to debt refinancing, prepayment and commitment fees			1,474				1,682				3,130				3,363
Transaction advisory fees and expenses			-				59				-				397
Financing interest expense on long-term borrowings			34,827				32,551				69,672				62,442
Total operating expenses			847,396				652,553				1,533,151				1,266,686
Income before income taxes and noncontrolling interest			342,557				347,020				752,129				570,756
Provision for income taxes			57,628				54,044				120,604				88,145
Net income		-	284,929			-	292,976			-	631,525			-	482,611
Noncontrolling interest			(134,030	-			(141,789	-			(298,317	-			(231,743	-
Net income available for common stockholders		-	150,899			-	151,187			-	333,208			-	250,868
Earnings per share:
Basic		-	1.63			-	1.65			-	3.62			-	2.74
Diluted		-	1.63			-	1.65			-	3.62			-	2.73
Weighted average common shares outstanding
Basic			87,603,606				85,490,121				86,852,837				85,585,040
Diluted			87,603,606				85,530,426				86,852,837				85,794,619
Comprehensive income:
Net income		-	284,929			-	292,976			-	631,525			-	482,611
Other comprehensive income
Foreign exchange translation adjustment, net of taxes			(1,480	-			12,539				(4,900	-			17,279
Net change in unrealized cash flow hedges gain (loss), net of taxes			-				1,098				-				(1,012	-
Comprehensive income		-	283,449			-	306,613			-	626,625			-	498,878
Less: Comprehensive income attributable to noncontrolling interest			(133,411	-			(147,639	-			(296,242	-			(238,714	-
Comprehensive income available for common stockholders		-	150,038			-	158,974			-	330,383			-	260,164

Virtu Financial, Inc. and Subsidiaries Reconciliation to Non-GAAP Operating Data (Unaudited)
The following tables reconcile Condensed Consolidated Statements of Comprehensive Income to arrive at Adjusted Net Trading Income, EBITDA, Adjusted EBITDA, and selected Operating Margins.
		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands, except percentages)			2026				2025				2026				2025
Reconciliation of Trading income, net to Adjusted Net Trading Income
Trading income, net		-	856,691			-	652,796			-	1,645,837			-	1,242,779
Commissions, net and technology services			179,545				153,859				366,170				305,166
Interest and dividends income			145,886				128,406				273,404				237,459
Brokerage, exchange, clearance fees and payments for order flow, net			(258,986	-			(202,125	-			(397,814	-			(424,000	-
Interest and dividends expense			(205,266	-			(165,213	-			(383,193	-			(296,541	-
Adjusted Net Trading Income		-	717,870			-	567,723			-	1,504,404			-	1,064,863
Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Net income			284,929				292,976				631,525				482,611
Financing interest expense on long-term borrowings			34,827				32,551				69,672				62,442
Debt issue cost related to debt refinancing, prepayment and commitment fees			1,474				1,682				3,130				3,363
Depreciation and amortization			18,383				15,618				34,812				31,550
Amortization of purchased intangibles and acquired capitalized software			11,783				11,783				23,566				23,566
Provision for income taxes			57,628				54,044				120,604				88,145
EBITDA		-	409,024			-	408,654			-	883,309			-	691,677
Severance			1,386				3,178				3,920				5,357
Transaction advisory fees and expenses			-				59				-				397
Termination of office leases			837				11				821				21
Gain on sale of RFQ-hub			-				(66,988	-			-				(66,988	-
Other			(7,831	-			1,964				1,480				14,465
Share based compensation			33,362				22,571				67,821				44,459
Adjusted EBITDA		-	436,778			-	369,449			-	957,351			-	689,388
Selected Operating Margins
GAAP Net income Margin (1)			23.9	-			29.3	-			27.6	-			26.3	-
Non-GAAP Net income Margin (2)			39.7	-			51.6	-			42.0	-			45.3	-
EBITDA Margin (3)			57.0	-			72.0	-			58.7	-			65.0	-
Adjusted EBITDA Margin (4)			60.8	-			65.1	-			63.6	-			64.7	-
1 Calculated by dividing Net income by Total revenue.
2 Calculated by dividing Net income by Adjusted Net Trading Income.
3 Calculated by dividing EBITDA by Adjusted Net Trading Income.
4 Calculated by dividing Adjusted EBITDA by Adjusted Net Trading Income.

Virtu Financial, Inc. and Subsidiaries Reconciliation to Non-GAAP Operating Data (Unaudited) (Continued)
The following tables reconcile Condensed Consolidated Statements of Comprehensive Income to arrive at Normalized Adjusted Net Income before income taxes, Normalized provision for income taxes, Normalized Adjusted Net Income and Normalized Adjusted EPS.
		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands, except share and per share data)			2026				2025			2026				2025
Reconciliation of Net Income to Normalized Adjusted Net Income
Net income		-	284,929			-	292,976			-	631,525		-	482,611
Provision for income taxes			57,628				54,044				120,604			88,145
Income before income taxes and noncontrolling interest		-	342,557			-	347,020			-	752,129		-	570,756
Amortization of purchased intangibles and acquired capitalized software			11,783				11,783				23,566			23,566
Debt issue cost related to debt refinancing, prepayment and commitment fees			1,474				1,682				3,130			3,363
Severance			1,386				3,178				3,920			5,357
Transaction advisory fees and expenses			-				59				-			397
Termination of office leases			837				11				821			21
Gain on sale of RFQ-hub			-				(66,988	-			-			(66,988	-
Other			(7,831	-			1,964				1,480			14,465
Share based compensation			33,362				22,571				67,821			44,459
Normalized Adjusted Net Income before income taxes		-	383,568			-	321,280			-	852,867		-	595,396
Normalized provision for income taxes (1)			92,056				77,107				204,688			142,894
Normalized Adjusted Net Income		-	291,512			-	244,173			-	648,179		-	452,502
Weighted Average Adjusted shares outstanding (2)			159,860,687				159,952,792				159,700,858			160,133,364
Normalized Adjusted EPS		-	1.82			-	1.53			-	4.06		-	2.83
(1) Reflects U.S. federal, state, and local income tax rate applicable to corporations of approximately 24% for all periods presented.
(2) Assumes that (1) holders of all vested and unvested non-vesting Virtu Financial Units (together with corresponding shares of the Company's Class C common stock, par value $0.00001 per share (the "Class C Common Stock")) have exercised their right to exchange such Virtu Financial Units for shares of Class A Common Stock on a one-for-one basis, (2) holders of all Virtu Financial Units (together with corresponding shares of the Company's Class D common stock, par value $0.00001 per share (the "Class D Common Stock")) have exercised their right to exchange such Virtu Financial Units for shares of the Company's Class B common stock, par value $0.00001 per share (the "Class B Common Stock") on a one-for-one basis, and subsequently exercised their right to convert the shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis. Includes additional shares from the dilutive impact of restricted stock units and restricted stock awards outstanding under the Second Amended and Restated 2015 Management Incentive Plan during the three and six months ended June 30, 2026 and 2025.

Virtu Financial, Inc. and Subsidiaries Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)		June 30, 2026			December 31, 2025
Assets
Cash and cash equivalents		-	1,069,254		-	1,061,697
Cash and securities segregated under regulations and other			63,759			64,744
Securities borrowed			3,774,108			3,191,138
Securities purchased under agreements to resell			1,857,034			988,929
Receivables from broker-dealers and clearing organizations			3,207,464			1,896,405
Receivables from customers			309,953			161,561
Trading assets, at fair value			14,886,249			10,551,557
Property, equipment and capitalized software, net			118,632			96,378
Operating lease right-of-use assets			206,388			213,707
Goodwill			1,148,926			1,148,926
Intangibles (net of accumulated amortization)			131,365			154,931
Deferred taxes			84,267			92,422
Other assets			619,723			528,341
Total assets			27,477,122			20,150,736
Liabilities and equity
Liabilities
Short-term borrowings, net			353,941			12,382
Securities loaned			4,089,659			3,477,831
Securities sold under agreements to repurchase			2,620,126			1,405,639
Payables to broker-dealers and clearing organizations			1,036,371			998,276
Payables to customers			226,743			43,103
Trading liabilities, at fair value			13,569,647			9,105,263
Tax receivable agreement obligations			173,090			181,855
Accounts payable and accrued expenses and other liabilities			803,454			652,352
Operating lease liabilities			253,198			261,169
Long-term borrowings, net			2,025,883			2,039,463
Total liabilities			25,152,112			18,177,333
Total equity			2,325,010			1,973,403
Total liabilities and equity		-	27,477,122		-	20,150,736
		As of June 30, 2026
Ownership of Virtu Financial LLC Interests:		Interests			-
Virtu Financial, Inc. - Class A Common Stock and Restricted Stock Units			92,955,915			58.1	-
Non-controlling Interests (Virtu Financial LLC)			66,899,549			41.9	-
Total Virtu Financial LLC Interests			159,855,464			100.0	-

About Virtu Financial, Inc.

Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu's product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency and myriad other commodities. In addition, Virtu's integrated, multi-asset analytics platform provides a range of pre-, intra-, and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding Virtu Financial, Inc.'s ("Virtu's", the "Company's" or "our") business that are not historical facts are forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, and if the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties, some or all of which are not predictable or within Virtu's control, that could cause actual performance or results to differ materially from those expressed in the statements. Those risks and uncertainties include, without limitation: fluctuations in trading volume and volatilities in the markets in which we operate; the ability of our trading counterparties, clients, and various clearing houses to perform their obligations to us; the performance and reliability of our customized trading platform; the risk of material trading losses from our market making activities; swings in valuations in securities or other instruments in which we hold positions; increasing competition and consolidation in our industry; the risk that cash flow from our operations and other available sources of liquidity will not be sufficient to fund our various ongoing obligations, including operating expenses, short-term funding requirements, margin requirements, capital expenditures, debt service and dividend payments; regulatory and legal uncertainties and other potential changes associated with our industry, particularly in light of increased attention from media, regulators and lawmakers to market structure and related issues including but not limited to the retail trading environment, wholesale market making and off exchange trading more generally and payment for order flow arrangements; potential adverse results from legal or regulatory proceedings; our ability to remain technologically competitive and to ensure that the technology we utilize is not vulnerable to security risks, hacking and cyber-attacks; risks associated with third party software and technology infrastructure. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in forward-looking statements, see Virtu's Securities and Exchange Commission filings, including but not limited to Virtu's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC.

CONTACT

Investor Relations
Matthew Sandberg
[e-mail]