Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands |
Total |
Accounting standards updated adjustment |
Class A Common Stock |
Class C Common Stock |
Class D Common Stock |
Total Virtu Financial Inc. Stockholders' Equity |
Total Virtu Financial Inc. Stockholders' Equity
Accounting standards updated adjustment
|
Common Stock
Class A Common Stock
|
Common Stock
Class C Common Stock
|
Common Stock
Class D Common Stock
|
Treasury Stock |
Additional Paid-in Capital |
Retained Earnings (Accumulated Deficit) |
Retained Earnings (Accumulated Deficit)
Accounting standards updated adjustment
|
Accumulated Other Comprehensive Income (loss) |
Noncontrolling Interest |
Balance at beginning period (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
134,901,037
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Dec. 31, 2023 |
$ 1,405,356
|
|
|
|
|
$ 1,202,727
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,166,299)
|
$ 1,351,574
|
$ 1,000,403
|
|
$ 17,047
|
$ 202,629
|
Balance at beginning period (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
|
|
|
(45,808,351)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share based compensation (in shares) |
|
|
|
|
|
|
|
2,596,226
|
|
|
|
|
|
|
|
|
Share based compensation |
28,883
|
|
|
|
|
28,883
|
|
|
|
|
|
28,883
|
|
|
|
|
Treasury stock purchases (in shares) |
|
|
|
|
|
|
|
(946,267)
|
|
|
(1,959,076)
|
|
|
|
|
|
Treasury stock purchases |
(51,902)
|
|
|
|
|
(51,902)
|
|
|
|
|
$ (35,889)
|
|
(16,013)
|
|
|
|
Net Income |
111,308
|
|
|
|
|
55,817
|
|
|
|
|
|
|
55,817
|
|
|
55,491
|
Foreign exchange translation adjustment |
(3,526)
|
|
|
|
|
(2,037)
|
|
|
|
|
|
|
|
|
(2,037)
|
(1,489)
|
Net change in unrealized cash flow hedges gains |
1,547
|
|
|
|
|
894
|
|
|
|
|
|
|
|
|
894
|
653
|
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest |
(67,589)
|
|
|
|
|
(22,660)
|
|
|
|
|
|
|
(22,660)
|
|
|
(44,929)
|
Balance at end of period (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
136,550,996
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Mar. 31, 2024 |
1,424,077
|
|
|
|
|
1,211,722
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,202,188)
|
1,380,457
|
1,017,547
|
|
15,904
|
212,355
|
Balance at end of period (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
|
|
|
(47,767,427)
|
|
|
|
|
|
Balance at beginning period (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
134,901,037
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Dec. 31, 2023 |
1,405,356
|
|
|
|
|
1,202,727
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,166,299)
|
1,351,574
|
1,000,403
|
|
17,047
|
202,629
|
Balance at beginning period (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
|
|
|
|
(45,808,351)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
239,425
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange translation adjustment |
(3,090)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized cash flow hedges gains |
(11,363)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
136,591,706
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Jun. 30, 2024 |
1,428,824
|
|
|
|
|
1,230,944
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,233,432)
|
1,394,091
|
1,061,574
|
|
8,709
|
197,880
|
Balance at end of period (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
|
|
|
(49,152,020)
|
|
|
|
|
|
Balance at beginning period (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
136,550,996
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Mar. 31, 2024 |
1,424,077
|
|
|
|
|
1,211,722
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,202,188)
|
1,380,457
|
1,017,547
|
|
15,904
|
212,355
|
Balance at beginning period (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
|
|
|
|
(47,767,427)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share based compensation (in shares) |
|
|
|
|
|
|
|
20,000
|
|
|
|
|
|
|
|
|
Share based compensation |
13,076
|
|
|
|
|
13,076
|
|
|
|
|
|
13,076
|
|
|
|
|
Treasury stock purchases (in shares) |
|
|
|
|
|
|
|
(8,665)
|
|
|
(1,384,593)
|
|
|
|
|
|
Treasury stock purchases |
(31,435)
|
|
|
|
|
(31,435)
|
|
|
|
|
$ (31,244)
|
|
(191)
|
|
|
|
Stock options exercised (in shares) |
|
|
|
|
|
|
|
29,375
|
|
|
|
|
|
|
|
|
Stock options exercised |
558
|
|
|
|
|
558
|
|
|
|
|
|
558
|
|
|
|
|
Net Income |
128,117
|
|
|
|
|
66,586
|
|
|
|
|
|
|
66,586
|
|
|
61,531
|
Foreign exchange translation adjustment |
436
|
|
|
|
|
221
|
|
|
|
|
|
|
|
|
221
|
215
|
Net change in unrealized cash flow hedges gains |
(12,910)
|
|
|
|
|
(7,416)
|
|
|
|
|
|
|
|
|
(7,416)
|
(5,494)
|
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest |
(93,095)
|
|
|
|
|
(22,368)
|
|
|
|
|
|
|
(22,368)
|
|
|
(70,727)
|
Balance at end of period (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
136,591,706
|
8,607,998
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Jun. 30, 2024 |
1,428,824
|
|
|
|
|
1,230,944
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,233,432)
|
1,394,091
|
1,061,574
|
|
8,709
|
197,880
|
Balance at end of period (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
|
|
|
|
(49,152,020)
|
|
|
|
|
|
Balance at beginning period (in shares) at Dec. 31, 2024 |
|
|
84,976,325
|
8,561,970
|
60,091,740
|
|
|
137,479,751
|
8,561,970
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Dec. 31, 2024 |
$ 1,487,377
|
$ 21,800
|
|
|
|
1,254,174
|
$ 21,800
|
$ 1
|
$ 0
|
$ 1
|
$ (1,339,913)
|
1,432,240
|
1,168,908
|
$ 21,800
|
(7,063)
|
233,203
|
Balance at beginning period (in shares) at Dec. 31, 2024 |
(52,503,426)
|
|
|
|
|
|
|
|
|
|
(52,503,426)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share based compensation (in shares) |
|
|
|
|
|
|
|
2,650,096
|
|
|
|
|
|
|
|
|
Share based compensation |
$ 42,028
|
|
|
|
|
42,028
|
|
|
|
|
|
42,028
|
|
|
|
|
Repurchase of Class C common stock (in shares) |
|
|
|
|
|
|
|
|
(16,265)
|
|
|
|
|
|
|
|
Repurchase of Class C common stock |
(645)
|
|
|
|
|
(645)
|
|
|
|
|
|
(645)
|
|
|
|
|
Treasury stock purchases (in shares) |
|
|
|
|
|
|
|
(1,018,757)
|
|
|
(1,321,211)
|
|
|
|
|
|
Treasury stock purchases |
(88,761)
|
|
|
|
|
(88,761)
|
|
|
|
|
$ (47,982)
|
|
(40,779)
|
|
|
|
Stock options exercised (in shares) |
|
|
|
|
|
|
|
120,000
|
|
|
|
|
|
|
|
|
Stock options exercised |
2,280
|
|
|
|
|
2,280
|
|
|
|
|
|
2,280
|
|
|
|
|
Net Income |
189,635
|
|
|
|
|
99,681
|
|
|
|
|
|
|
99,681
|
|
|
89,954
|
Foreign exchange translation adjustment |
4,740
|
|
|
|
|
2,720
|
|
|
|
|
|
|
|
|
2,720
|
2,020
|
Net change in unrealized cash flow hedges gains |
(2,110)
|
|
|
|
|
(1,211)
|
|
|
|
|
|
|
|
|
(1,211)
|
(899)
|
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest |
(94,688)
|
|
|
|
|
(22,164)
|
|
|
|
|
|
|
(22,164)
|
|
|
(72,524)
|
Issuance of common stock in connection with employee exchanges (in shares) |
|
|
|
|
|
|
|
350,858
|
|
|
|
|
|
|
|
|
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares) |
|
|
|
|
|
|
|
|
(350,858)
|
|
|
|
|
|
|
|
Balance at end of period (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
139,581,948
|
8,194,847
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Mar. 31, 2025 |
1,561,656
|
|
|
|
|
1,309,902
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,387,895)
|
1,475,903
|
1,227,446
|
|
(5,554)
|
251,754
|
Balance at end of period (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
|
|
|
(53,824,637)
|
|
|
|
|
|
Balance at beginning period (in shares) at Dec. 31, 2024 |
|
|
84,976,325
|
8,561,970
|
60,091,740
|
|
|
137,479,751
|
8,561,970
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Dec. 31, 2024 |
$ 1,487,377
|
$ 21,800
|
|
|
|
1,254,174
|
$ 21,800
|
$ 1
|
$ 0
|
$ 1
|
$ (1,339,913)
|
1,432,240
|
1,168,908
|
$ 21,800
|
(7,063)
|
233,203
|
Balance at beginning period (in shares) at Dec. 31, 2024 |
(52,503,426)
|
|
|
|
|
|
|
|
|
|
(52,503,426)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
$ 482,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange translation adjustment |
17,279
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized cash flow hedges gains |
(1,012)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period (in shares) at Jun. 30, 2025 |
|
|
84,830,639
|
8,194,847
|
60,091,740
|
|
|
140,313,790
|
8,194,847
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Jun. 30, 2025 |
$ 1,633,341
|
|
|
|
|
1,407,365
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,454,716)
|
1,504,158
|
1,355,688
|
|
2,233
|
225,976
|
Balance at end of period (in shares) at Jun. 30, 2025 |
(55,483,151)
|
|
|
|
|
|
|
|
|
|
(55,483,151)
|
|
|
|
|
|
Balance at beginning period (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
139,581,948
|
8,194,847
|
60,091,740
|
|
|
|
|
|
|
Balance at beginning period of period at Mar. 31, 2025 |
$ 1,561,656
|
|
|
|
|
1,309,902
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,387,895)
|
1,475,903
|
1,227,446
|
|
(5,554)
|
251,754
|
Balance at beginning period (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
|
|
|
|
(53,824,637)
|
|
|
|
|
|
Increase (decrease) in stockholder's/members' equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deconsolidation of RFQ-hub |
(35,608)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(35,608)
|
Share based compensation (in shares) |
|
|
|
|
|
|
|
62,556
|
|
|
|
|
|
|
|
|
Share based compensation |
15,074
|
|
|
|
|
15,074
|
|
|
|
|
|
15,074
|
|
|
|
|
Treasury stock purchases (in shares) |
|
|
|
|
|
|
|
(24,464)
|
|
|
(1,658,514)
|
|
|
|
|
|
Treasury stock purchases |
(67,817)
|
|
|
|
|
(67,817)
|
|
|
|
|
$ (66,821)
|
|
(996)
|
|
|
|
Stock options exercised (in shares) |
|
|
|
|
|
|
|
693,750
|
|
|
|
|
|
|
|
|
Stock options exercised |
13,181
|
|
|
|
|
13,181
|
|
|
|
|
|
13,181
|
|
|
|
|
Net Income |
292,976
|
|
|
|
|
151,187
|
|
|
|
|
|
|
151,187
|
|
|
141,789
|
Foreign exchange translation adjustment |
12,539
|
|
|
|
|
7,160
|
|
|
|
|
|
|
|
|
7,160
|
5,379
|
Net change in unrealized cash flow hedges gains |
1,098
|
|
|
|
|
627
|
|
|
|
|
|
|
|
|
627
|
471
|
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest |
(159,758)
|
|
|
|
|
(21,949)
|
|
|
|
|
|
|
(21,949)
|
|
|
(137,809)
|
Balance at end of period (in shares) at Jun. 30, 2025 |
|
|
84,830,639
|
8,194,847
|
60,091,740
|
|
|
140,313,790
|
8,194,847
|
60,091,740
|
|
|
|
|
|
|
Balance at end of period at Jun. 30, 2025 |
$ 1,633,341
|
|
|
|
|
$ 1,407,365
|
|
$ 1
|
$ 0
|
$ 1
|
$ (1,454,716)
|
$ 1,504,158
|
$ 1,355,688
|
|
$ 2,233
|
$ 225,976
|
Balance at end of period (in shares) at Jun. 30, 2025 |
(55,483,151)
|
|
|
|
|
|
|
|
|
|
(55,483,151)
|
|
|
|
|
|