Virtu Financial (NASDAQ:VIRT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$544.5m (up 16% from 3Q 2023).

• Net income: US$60.0m (up 2.0% from 3Q 2023).

• Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.69 (up from US$0.63 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Virtu Financial Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 6.1%.

Performance of the American Capital Markets industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Be aware that Virtu Financial is showing 1 warning sign in our investment analysis that you should know about...

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