Financial and Business News

Virtu Financial’s Trading Income Jumps 34% in 2025 amid Market Volatility

Thursday, 29/01/2026 | 13:40 GMT by Jared Kirui
  • Full-year revenue climbed 26%, driven primarily by the surge in net trading income.
  • The trading firm repurchased 3.5 million shares last year and has declared a quarterly dividend.
virtu financial

Virtu Financial closed 2025 with a strong acceleration in revenue and profit, highlighting how heightened trading activity and client demand continue to strengthen the electronic market maker and execution specialist.

The firm also stepped-up non-GAAP profitability, expanded its balance sheet and maintained cash returns through buybacks and dividends.

In the fourth quarter of 2025, total revenue rose 16% year-over-year to 969.9 million dollars, supported by higher net trading income and growth in commissions and technology services. Net trading income increased 22% to 664.9 million dollars from 544 million dollars in the prior-year quarter.

Q4 2025: Earnings and Margins Climb

Quarterly net income advanced to 280.6 million dollars compared with 176.1 million dollars a year earlier, resulting in a GAAP net income margin of 28.9%. Basic and diluted earnings per share came in at 1.54 dollars, up from 1.03 dollars in the fourth quarter of 2024.

For the full year, Virtu reported revenue of 3.63 billion dollars, an increase of 26.2% compared with 2.88 billion dollars in 2024. Net trading income rose 33.7% to 2.44 billion dollars from 1.82 billion dollars, reflecting stronger activity across asset classes.

You may also like: CFI Financial Continues to See “Record” Trading Volume, Ends Q4 with $2.07 Trillion

Net income for 2025 reached 912.3 million dollars, up from 534.5 million dollars in the prior year, lifting the GAAP net income margin to 25.1%. Basic and diluted earnings per share increased to 5.14 dollars and 5.13 dollars, respectively, versus 2.98 dollars and 2.97 dollars in 2024.

Virtu operates two main segments, Market Making and Execution Services, with a corporate segment for investments and central costs. In the fourth quarter, Market Making generated 803.4 million dollars in total revenue, up from 706.6 million dollars a year earlier, supported by higher trading and interest income.

Balance Sheet, Capital Return and Non-GAAP Focus

Execution Services delivered 158.2 million dollars in revenue compared with 136.7 million dollars in the prior-year quarter, driven by commissions and technology services.​

At year-end 2025, Virtu reported 1.13 billion dollars in cash, cash equivalents and restricted cash and total assets of 20.15 billion dollars, up from 15.36 billion dollars a year earlier.

Trading assets at fair value stood at 10.55 billion dollars, while total long-term debt carried an aggregate principal amount of 2.07 billion dollars.

Additionally, the company repurchased 3.5 million shares in 2025 for 135.3 million dollars under its share repurchase program. The board declared a quarterly cash dividend of 0.24 dollars per share, payable on March 16, 2026, to shareholders of record on February 27, 2026.

Virtu Financial closed 2025 with a strong acceleration in revenue and profit, highlighting how heightened trading activity and client demand continue to strengthen the electronic market maker and execution specialist.

The firm also stepped-up non-GAAP profitability, expanded its balance sheet and maintained cash returns through buybacks and dividends.

In the fourth quarter of 2025, total revenue rose 16% year-over-year to 969.9 million dollars, supported by higher net trading income and growth in commissions and technology services. Net trading income increased 22% to 664.9 million dollars from 544 million dollars in the prior-year quarter.

Q4 2025: Earnings and Margins Climb

Quarterly net income advanced to 280.6 million dollars compared with 176.1 million dollars a year earlier, resulting in a GAAP net income margin of 28.9%. Basic and diluted earnings per share came in at 1.54 dollars, up from 1.03 dollars in the fourth quarter of 2024.

For the full year, Virtu reported revenue of 3.63 billion dollars, an increase of 26.2% compared with 2.88 billion dollars in 2024. Net trading income rose 33.7% to 2.44 billion dollars from 1.82 billion dollars, reflecting stronger activity across asset classes.

You may also like: CFI Financial Continues to See “Record” Trading Volume, Ends Q4 with $2.07 Trillion

Net income for 2025 reached 912.3 million dollars, up from 534.5 million dollars in the prior year, lifting the GAAP net income margin to 25.1%. Basic and diluted earnings per share increased to 5.14 dollars and 5.13 dollars, respectively, versus 2.98 dollars and 2.97 dollars in 2024.

Virtu operates two main segments, Market Making and Execution Services, with a corporate segment for investments and central costs. In the fourth quarter, Market Making generated 803.4 million dollars in total revenue, up from 706.6 million dollars a year earlier, supported by higher trading and interest income.

Balance Sheet, Capital Return and Non-GAAP Focus

Execution Services delivered 158.2 million dollars in revenue compared with 136.7 million dollars in the prior-year quarter, driven by commissions and technology services.​

At year-end 2025, Virtu reported 1.13 billion dollars in cash, cash equivalents and restricted cash and total assets of 20.15 billion dollars, up from 15.36 billion dollars a year earlier.

Trading assets at fair value stood at 10.55 billion dollars, while total long-term debt carried an aggregate principal amount of 2.07 billion dollars.

Additionally, the company repurchased 3.5 million shares in 2025 for 135.3 million dollars under its share repurchase program. The board declared a quarterly cash dividend of 0.24 dollars per share, payable on March 16, 2026, to shareholders of record on February 27, 2026.

Topics
Virtu Financial
About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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