Virtu Financial, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting a 44.2% increase in total revenues to $999.6 million compared to $693.0 million in the same period of 2024. Trading income, net, surged by 53.1% to $652.8 million for the quarter.
Net income for the second quarter totaled $293.0 million, a significant increase from $128.1 million in Q2 2024. Normalized Adjusted EPS was $1.53, up from $0.83 in the prior year quarter. Adjusted Net Trading Income increased by 47.4% to $567.7 million, and Adjusted EBITDA grew by 69.8% to $369.4 million.
The Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on September 15, 2025. The company continued its share repurchase program, having repurchased approximately 53.8 million shares for about $1,417.2 million since inception, with $302.8 million remaining under the current authorization.
As of June 30, 2025, Virtu held $789.8 million in cash and cash equivalents and had $1,769.3 million in long-term debt. These results highlight Virtu's ability to capitalize on market opportunities and maintain strong financial health, reinforcing its commitment to shareholder returns.
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