NYSE$VIRT

Virtu Financial Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter 2022 results, revealing a decrease in total revenues and net income compared to the same period in 2021.

Virtu Financial reported a decrease in total revenues to $497.8 million for the fourth quarter of 2022, a 29.5% decrease compared to $705.6 million for the same period in 2021. Net income totaled $39.6 million, compared to $186.0 million in the prior year quarter. Earnings per share were $0.27, compared to $0.90 in the same period last year.

  • Total revenues decreased by 29.5% to $497.8 million compared to the same period in 2021.
  • Trading income, net, decreased to $313.3 million, compared to $513.4 million for the same period in 2021.
  • Net income totaled $39.6 million, compared to $186.0 million in the prior year quarter.
  • Basic and diluted earnings per share were $0.27, compared to $0.90 for the same period in 2021.

Headline financials

Total Revenue

$274M

Previous: $706M-61.2%
EPS (adj)

$0.37

Previous: $1.19-68.9%
Capital Expenditures

$8.85M

Previous: $8.24M+7.4%
Free Cash Flow

$407M

Previous: $789M-48.3%
Net Income

$39.6M

Previous: $186M-78.7%
Gross Profit

$396M

Previous: $619M-36.0%
Cash & Equivalents

$1.04B

Previous: $1.07B-3.1%
Total Assets

$10.6B

Previous: $10.3B+2.6%
Stock-Based Comp

$16.4M

Previous: $17.5M-6.4%

Revenue & EPS history

Virtu Financial · Revenue · Quarterly

$274M

Q4 2022-61.2%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Virtu Financial · $498M total across 3 segments · Q4 2022

  • Market Making
    $424M-27.8%
  • Execution Services
    $73.6M-37.5%
  • Corporate
    $38K-87.3%

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 Q4 2022

Historical avgQ4 2022

+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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