Virtu Financial, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Total revenues increased 39.9% year-over-year to $1,153.9 million for the quarter ended September 30, 2026, compared to $824.8 million in the same period in 2025.
• Trading income, net, rose 55.0% to $820.2 million, up from $529.1 million in the prior year quarter.
• Net income totaled $282.5 million, compared to $149.1 million in the prior year quarter.
• Basic and diluted earnings per share (EPS) were $1.65, compared to $0.86 in the prior year quarter.
• Adjusted Net Trading Income increased 50.7% to $704.0 million, compared to $467.0 million in the prior year quarter.
• Adjusted EBITDA increased 63.5% to $437.9 million, compared to $267.8 million in the prior year quarter.
• Normalized Adjusted Net Income increased 70.2% to $283.5 million, compared to $166.5 million in the prior year quarter.
• Normalized Adjusted EPS was $1.77, compared to $1.05 in the prior year quarter.
• Net income margin was 24.5% for the quarter.
• Adjusted EBITDA margin was 62.2% for the quarter.
• As of September 30, 2026, the company held $1,575.4 million in cash, cash equivalents, and restricted cash.
• Total long-term debt outstanding was $2,551.8 million as of September 30, 2026.

Business Segments and Product Lines:

• The company operates two segments: Market Making and Execution Services, plus a non-operating Corporate segment.
• Market Making segment revenues were $986.8 million for the quarter, compared to $668.0 million in the prior year period.
• Execution Services segment revenues were $163.0 million for the quarter, compared to $154.5 million in the prior year period.
• Corporate segment revenues were $4.1 million for the quarter, compared to $2.3 million in the prior year period.
• Market Making Adjusted Net Trading Income was $578.8 million for the quarter, compared to $344.1 million in the prior year period.
• Execution Services Adjusted Net Trading Income was $125.2 million for the quarter, compared to $122.9 million in the prior year period.
• Market Making activities include market making in cash, futures, and options across global equities, fixed income, currencies, cryptocurrencies, and commodities.
• Execution Services includes agency-based trading, trading venues, proprietary technology, infrastructure, workflow technology, trading analytics, and a capital markets business acting as an agent for issuers.

Other Key Points:

• The Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on December 15, 2026, to shareholders of record as of December 1, 2026.
• The Board unanimously approved changing the company's state of incorporation from Delaware to Texas, expected to occur later in 2026, citing alignment with a critical trading and technology hub in Texas.
• The redomestication is not expected to affect business operations, management, strategy, assets, or employee locations.
• A conference call to review results was held on November 5, 2026, at 8:00 a.m. ET.