Virtu Financial, Inc. (NYSE:VIRT), a provider of financial services and products that leverages cutting-edge technology to deliver innovative, transparent trading solutions to its clients and liquidity in global markets, today announced results for the third quarter ended September 30, 2025.
Total revenue rose 16.7% to $824.8 million for the third quarter of 2025, compared to $706.8 million for the same period in 2024.
Net trading income rose 19.2% to $529.1 million for the quarter compared to $444.0 million for the same period in 2024.
Net income was $149.1 million for the quarter, compared to net income of $119.0 million in the year-ago quarter.
Basic and diluted earnings per share for this quarter were $0.86, compared to basic and diluted earnings per share of $0.65 and $0.64, respectively, for the same period in 2024.
Adjusted net trading income increased 20.4% to $467.0 million for this quarter, compared to $388.0 million for the same period in 2024. Adjusted EBITDA increased 24.7% to $267.8 million for this quarter, compared to $214.8 million for the same period in 2024, Normalized Income, Remove. Non-cash items rose 26.1% to $166.5 million for this quarter, compared to $132.1 million for the same period in 2024.
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 corporate taxes, Normalized Adjusted EPS was $1.05 for this quarter, compared to $0.82 for the same period in 2024.
As of September 30, 2025, Virtu had $755.4 million in cash, cash equivalents and restricted cash and total long-term debt outstanding on total principal of $2,068.7 million.