v3.25.2
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)