Virtu Financial posts $1.82 non-GAAP EPS
Virtu Financial reported Q2 non-GAAP EPS of $1.82, beating estimates by $0.26. Revenue was $1.19B, a 19.0% year-over-year increase, exceeding expectations by $622.29M.
Trading income, net, was $856.7M, with adjusted net trading income at $717.9M. The company also reported net income of $284.9M and normalized adjusted net income of $291.5M.
Adjusted EBITDA was $436.8M, with an adjusted EBITDA margin of 60.8% and a net income margin of 23.9%.