Virtu Financial, Inc. reported significant financial growth in its latest quarterly results for the period ending June 30, 2025. The company achieved total revenues of $999.6 million, a 44.2% increase from $693.0 million in the same quarter of the previous year. This growth was primarily driven by a substantial rise in trading income, which increased by 53.1% to $652.8 million, attributed to higher trading volumes and enhanced market opportunities. Additionally, interest and dividends income rose by 19.9% to $128.4 million, while commissions and technology services revenue increased by 22.0% to $153.9 million.
In terms of profitability, Virtu Financial reported a net income of $293.0 million for the quarter, compared to $128.1 million in the prior year, marking a 128.5% increase. The net income available for common stockholders was $151.2 million, translating to earnings per share of $1.65, up from $0.71 in the same quarter last year. The company's operating expenses also rose, totaling $652.6 million, a 21.4% increase from $537.6 million, largely due to higher brokerage fees, employee compensation, and interest expenses.
Strategically, Virtu Financial completed the sale of a 49% interest in its RFQ-hub joint venture to MarketAxess for $37.9 million in cash, which resulted in a gain of $67.0 million recognized in the financial statements. This transaction allowed the company to deconsolidate RFQ-hub, retaining a minority interest of approximately 2%. The company continues to focus on expanding its market presence and enhancing its technology infrastructure to support its trading activities across various asset classes.
Operationally, Virtu Financial's total assets increased to $19.3 billion as of June 30, 2025, up from $15.4 billion at the end of 2024. The company reported a significant rise in trading assets, which reached $8.3 billion, compared to $5.5 billion at the end of the previous year. The firm also maintained a strong liquidity position with $752.1 million in cash and cash equivalents. Looking ahead, Virtu Financial anticipates continued growth driven by increased trading activity and market engagement, while managing its operational costs and regulatory requirements effectively.
About Virtu Financial, Inc.
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