NYSE$VIRT
Virtu Financial Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Virtu Financial reported strong Q3 2020 results driven by heightened market volatility and strategic initiatives.
Virtu Financial reported a significant increase in total revenues, driven by the gain on the sale of MATCHNow and heightened market activity. Net income saw a substantial improvement compared to the previous year.
- Total revenues increased by 71.6% to $656.1 million.
- Trading income, net, increased by 100.5% to $441.3 million.
- Net income totaled $199.7 million, a significant improvement from the prior year's net loss.
- The company completed the sale of MATCHNow to Cboe Global Markets, Inc. for gross proceeds of $60.6 million, recording a gain of $58.6 million.
Headline financials
Revenue & EPS history
Virtu Financial · Revenue · Quarterly
$656M
Revenue by segment
Virtu Financial · $630M total across 3 segments · Q3 2023
- Market Making$517M—82.1%
- Execution Services$112M—17.9%
- Corporate$360—0.0%
Forward guidance
Virtu anticipates continued success and shareholder value enhancement, projecting strong performance into 2021.
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 Q3 2020
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro