v3.26.1
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
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
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)
Adjustment
Accumulated Other Comprehensive Income (loss)
Noncontrolling Interest
Balance at beginning period (in shares) at Dec. 31, 2024               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)          
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               350,858                
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges                 (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               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)          
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               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)          
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                                
Share based compensation (in shares)               62,556                
Share based compensation 15,074         15,074           15,074        
Deconsolidation of RFQ-hub (35,608)                             (35,608)
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               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)          
Balance at beginning period (in shares) at Dec. 31, 2025     84,919,931 7,970,185 60,091,740     140,877,669 7,970,185 60,091,740            
Balance at beginning period of period at Dec. 31, 2025 $ 1,973,403         1,582,279   $ 1 $ 0 $ 1 $ (1,475,666) 1,541,684 1,519,270   (3,011) 391,124
Balance at beginning period (in shares) at Dec. 31, 2025 (55,957,738)                   (55,957,738)          
Increase (decrease) in stockholder's/members' equity                                
Share based compensation (in shares)               3,514,983                
Share based compensation $ 50,237         50,237           50,237        
Treasury stock purchases (in shares)               (1,412,745)                
Treasury stock purchases (55,792)         (55,792)             (55,792)      
Net income 346,596         182,309             182,309     164,287
Foreign exchange translation adjustment (3,420)         (1,964)                 (1,964) (1,456)
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 (114,490)         (22,094)             (22,094)     (92,396)
Balance at end of period (in shares) at Mar. 31, 2026               142,979,907 7,970,185 60,091,740            
Balance at end of period at Mar. 31, 2026 2,196,534         1,734,975   $ 1 $ 0 $ 1 $ (1,475,666) 1,591,921 1,623,693   (4,975) 461,559
Balance at end of period (in shares) at Mar. 31, 2026                     (55,957,738)          
Balance at beginning period (in shares) at Dec. 31, 2025     84,919,931 7,970,185 60,091,740     140,877,669 7,970,185 60,091,740            
Balance at beginning period of period at Dec. 31, 2025 $ 1,973,403         1,582,279   $ 1 $ 0 $ 1 $ (1,475,666) 1,541,684 1,519,270   (3,011) 391,124
Balance at beginning period (in shares) at Dec. 31, 2025 (55,957,738)                   (55,957,738)          
Increase (decrease) in stockholder's/members' equity                                
Net income $ 631,525                              
Foreign exchange translation adjustment (4,900)                              
Net change in unrealized cash flow hedges gains 0                              
Balance at end of period (in shares) at Jun. 30, 2026     88,223,594 6,807,809 60,091,740     144,181,332 6,807,809 60,091,740            
Balance at end of period at Jun. 30, 2026 $ 2,325,010         1,867,760   $ 1 $ 0 $ 1 $ (1,475,666) 1,598,599 1,750,661   (5,836) 457,250
Balance at end of period (in shares) at Jun. 30, 2026 (55,957,738)                   (55,957,738)          
Balance at beginning period (in shares) at Mar. 31, 2026               142,979,907 7,970,185 60,091,740            
Balance at beginning period of period at Mar. 31, 2026 $ 2,196,534         1,734,975   $ 1 $ 0 $ 1 $ (1,475,666) 1,591,921 1,623,693   (4,975) 461,559
Balance at beginning period (in shares) at Mar. 31, 2026                     (55,957,738)          
Increase (decrease) in stockholder's/members' equity                                
Share based compensation (in shares)               70,889                
Share based compensation 15,808         15,808           15,808        
Treasury stock purchases (in shares)               (31,840)                
Treasury stock purchases (1,622)         (1,622)             (1,622)      
Net income 284,929         150,899             150,899     134,030
Foreign exchange translation adjustment (1,480)         (861)                 (861) (619)
Net change in unrealized cash flow hedges gains 0                              
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 (160,029)         (22,309)             (22,309)     (137,720)
Issuance of common stock in connection with employee exchanges               1,162,376                
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges                 (1,162,376)              
Issuance of tax receivable agreements in connection with employee exchange (9,130)         (9,130)           (9,130)        
Balance at end of period (in shares) at Jun. 30, 2026     88,223,594 6,807,809 60,091,740     144,181,332 6,807,809 60,091,740            
Balance at end of period at Jun. 30, 2026 $ 2,325,010         $ 1,867,760   $ 1 $ 0 $ 1 $ (1,475,666) $ 1,598,599 $ 1,750,661   $ (5,836) $ 457,250
Balance at end of period (in shares) at Jun. 30, 2026 (55,957,738)                   (55,957,738)