Virtu Financial, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, total revenues increased by 55.7% to $834.3 million compared to $536.0 million in the prior year quarter. Trading income, net, more than doubled, rising 104.0% to $544.0 million.
Net income for the fourth quarter totaled $176.1 million, a substantial increase from $6.7 million in Q4 2023. Normalized Adjusted EPS for the quarter was $1.14, significantly higher than $0.27 in the same period last year. Adjusted Net Trading Income grew by 75.4% to $457.7 million, and Adjusted EBITDA increased by 186.4% to $283.5 million.
For the full year 2024, total revenues increased by 25.4% to $2,876.9 million, and net income reached $534.5 million, up from $263.9 million in 2023. Normalized Adjusted EPS for the full year was $3.55, compared to $1.84 in 2023. Adjusted Net Trading Income for 2024 increased by 32.0% to $1,597.7 million, and Adjusted EBITDA rose by 61.7% to $918.7 million.
The Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on March 17, 2025. The company also continued its share repurchase program, having repurchased approximately 50.7 million shares for about $1,296.2 million since inception, with $423.8 million remaining under the current authorization. As of December 31, 2024, Virtu held $914.0 million in cash and cash equivalents and had $1,767.3 million in long-term debt.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.