Earnings release
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VIRTU FINANCIAL Virtu Announces Second Quarter 2021 Results NEW YORK , NY , August 4 , 2021 - Virtu Financial , Inc. ( NASDAQ : VIRT ) , a leading provider of financial services and products that leverages cutting edge technology to deliver innovative , transparent trading solutions to its clients and liquidity to the global markets , today reported results for the second quarter ended June 30 , 2021 . Second Quarter 2021 : Net income of $ 108.9 million ; Normalized Adjusted Net Income¹ of $ 122.3 million Basic earnings per share of $ 0.51 and diluted earnings per share of $ 0.50 ; Normalized Adjusted EPS¹ of $ 0.63 Total revenues of $ 549.0 million ; Trading income , net , of $ 384.8 million ; Adjusted Net Trading Income¹ of $ 341.8 million Adjusted EBITDA¹ of $ 197.3 million ; Adjusted EBITDA Margin¹ of 57.7 % Share buybacks of $ 101.3 million , or 3.4 million shares , under the Share Repurchase Program² " Our results reflect our resilient and balanced business model , against a backdrop of more muted market activity in the second quarter , " said Douglas Cifu , CEO of Virtu Financial . " Our growth initiatives continue to produce steady results , especially in options where our business increased overall despite the decline in market volumes . " The Virtu Financial , Inc. Board of Directors declared a quarterly cash dividend of $ 0.24 per share . This dividend is payable on September 15 , 2021 to shareholders of record as of September 1 , 2021 . Note 1 : Non - GAAP financial measures . Please see " Non - GAAP Financial Measures and Other Items " for more information . Note 2 : Shares repurchased calculated on a settlement date basis . Page 1