Virtu Financial 8-K
PositiveEarnings
Market Making trading gains lifted revenue, but higher compensation and trading costs pushed net income lower.
Filed 2026-07-30 06:05 ET
- 2.02 Results of Operations
Summary
Q2 2026 results. Market-making trading income drove revenue growth of 19% Y/Y, while higher employee compensation and brokerage, exchange, clearance and order-flow costs accompanied a 2.7% Y/Y decline in net income.
Results
| Metric | Q2 2026 | Change | H1 2026 |
|---|---|---|---|
| Revenue | $1.19B | +19% Y/Y | $2.29B+24% Y/Y |
| Net income | $285M | -2.7% Y/Y | $632M+31% Y/Y |
| Diluted EPS | $1.63 | -1.2% Y/Y | $3.62+33% Y/Y |
| Cash and cash equivalents | $1.07B | — | — |
| Total debt | $2.05B | — | — |
| Diluted shares | 87.6M | +2.4% Y/Y | 86.9M+1.2% Y/Y |
What moved the numbers
- Market Making revenue was $1.01B vs $787M in Q2 2025; Execution Services revenue was $173M vs $214M, while Corporate revenue was $7.32M vs $(1.51)M.
- Market Making trading income, net, was $849M vs $647M, and adjusted net trading income—a non-GAAP measure that deducts direct costs—was $580M vs $451M. Execution Services trading income, net, was $7.29M vs $5.45M, and adjusted net trading income was $138M vs $116M.
- Total trading income, net, increased 31.2% Y/Y to $856.7M; adjusted net trading income increased 26.4% Y/Y to $717.9M.
- The board declared a $0.24-per-share quarterly dividend, payable 9/15/2026 to shareholders of record 9/1/2026.
Figures extracted from the filings and checked against their text; changes and verdicts computed from them.
The summary is written by an AI model reading the filing.
Model 005 · prompt v189 · 2026-11-06 15:45:37Z