NYSE$VIRT

Virtu Financial Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Virtu Financial reported a decrease in total revenues and net income compared to the same period last year.

Virtu Financial's first quarter 2023 results showed a decrease in total revenues to $610.5 million, a decrease in trading income to $411.5 million, and a decrease in net income to $110.1 million, compared to the same period in 2022.

  • Total revenues decreased by 12.9% to $610.5 million.
  • Trading income, net, decreased to $411.5 million.
  • Net income totaled $110.1 million.
  • Basic and diluted earnings per share were $0.56.

Headline financials

Total Revenue

$620M

Previous: $701M-11.5%
EPS (adj)

$0.74

Previous: $1.27-41.7%
Capital Expenditures

-$13.8M

Previous: -$9.96M-38.5%
Free Cash Flow

$44.1M

Previous: $102M-56.9%
Net Income

$57.9M

Previous: $112M-48.4%
Operating Income

$135M

Previous: $242M-44.2%
Gross Profit

$620M

Previous: $701M-11.5%
Cash & Equivalents

$769M

Previous: $565M+36.1%
Total Assets

$11.9B

Previous: $12.5B-5.3%
Stock-Based Comp

$15.6M

Previous: $13.7M+13.6%

Revenue & EPS history

Virtu Financial · Revenue · Quarterly

$620M

Q1 2023-11.5%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements regarding Virtu Financial, Inc.’s business that are not historical facts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.6%

Avg return

30 days after

52%

23 / 44 earnings

Positive

+39.4%

Q4 2017

Best reaction

-19.4%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+1.3%+2.2%
Q4 2025+8.5%+2.2%+10.5%
Q3 2025-0.5%+1.1%+3.4%
Q1 2025+1.3%+1.6%+5.6%
Q4 2024+1.7%+2.4%-6.1%
Q3 2024-4.3%-4.1%+13.4%
Q2 2024+25.4%+21.0%+25.9%
Q1 2024+5.7%+2.0%+8.6%
Q4 2023-10.3%-10.5%-11.0%
Q3 2023-1.4%-4.8%-0.2%
Q2 2023+0.6%+0.3%+1.9%
Q1 2023-1.6%-1.0%-8.8%
Q4 2022-3.0%-5.8%-6.6%
Q3 2022+0.9%+2.9%-1.2%
Q2 2022+2.1%+1.7%+2.3%
Q1 2022-14.6%-15.0%-21.6%
Q4 2021+8.6%+11.2%+5.0%
Q3 2021+7.2%+6.0%+6.3%
Q2 2021+0.1%+2.3%-5.2%
Q1 2021-6.1%-5.1%+7.0%
Q4 2020-6.2%+0.2%+1.9%
Q3 2020+5.3%+8.0%+6.6%
Q2 2020-11.0%-4.1%+11.0%
Q1 2020-5.3%-4.9%-13.1%
Q4 2019+5.5%+0.8%+31.0%
Q3 2019-3.5%-4.1%-0.7%
Q2 2019-17.3%-17.9%-11.4%
Q1 2019+0.4%+1.5%-4.1%
Q4 2018+4.5%+2.5%-2.9%
Q3 2018+1.5%-0.7%+3.7%
Q2 2018-19.4%-21.4%-12.9%
Q1 2018-5.0%-12.5%-14.2%
Q4 2017+39.4%+41.6%+65.6%
Q3 2017+19.5%+23.6%+25.8%
Q2 2017+0.9%+4.3%+5.9%
Q1 2017-2.6%-0.3%+8.4%
Q4 2016+4.5%+4.8%-1.1%
Q3 2016+6.4%+11.6%+11.6%
Q2 2016-4.6%+2.6%-2.8%
Q1 2016-8.0%
Q4 2015-10.5%
Q3 2015-4.9%
Q2 2015-13.0%
Q1 2015+2.8%
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2012

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