Virtu Financial 8-K
PositiveEarnings
Market Making drove 39.9% Y/Y revenue growth; planned Delaware-to-Texas reincorporation aligns with a key trading hub.
Filed 2026-11-05 06:50 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results and planned reincorporation in Texas. Revenue growth accelerated to +39.9% Y/Y from +19.0% in Q2, driven by higher Market Making trading income; net income growth turned from -2.7% Y/Y to +89.6%.
Developments
- Virtu plans to convert from a Delaware to a Texas corporation later this year, aligning its legal incorporation with a critical Texas trading, technology and operations hub. The board and controlling shareholder approved the plan; it remains subject to required approvals. The company expects no change to its operations, management, strategy, assets or employee locations.
Results
| Metric | Q3 2026 | Change | 9M 2026 |
|---|---|---|---|
| Revenue | $1.15B | +40% Y/Y, -3.0% Q/Q | $3.44B+29% Y/Y |
| Net income | $283M | +90% Y/Y, -0.8% Q/Q | $914M+45% Y/Y |
| Diluted EPS | $1.65 | +92% Y/Y, +1.2% Q/Q | $5.27+47% Y/Y |
| Cash and cash equivalents | $1.52B | +42% Q/Q | — |
| Total debt | $2.55B | +24% Q/Q | — |
| Diluted shares | 88.5M | +4.3% Y/Y, +1.0% Q/Q | 87.4M+2.3% Y/Y |
What moved the numbers
- Market Making trading income, net, was $819.7M vs $521.1M a year earlier. Adjusted Net Trading Income, revenue after direct trading costs, was $578.8M vs $344.1M.
- Execution Services revenue was $163.0M vs $154.5M; its Adjusted Net Trading Income was $125.2M vs $122.9M.
- Quarterly cash dividend of $0.24 per share, payable 12/15/2026 to shareholders of record 12/1/2026.
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 15:47:58Z