Virtu Financial, Inc. · NYSE:VIRT
Virtu Financial — Q2 2026 Earnings Presentation
16 slides from Virtu Financial's earnings presentation, Jul 30, 2026
Slide 1: Quarter 2026 Earnings Supplement
Presentation Title in Second Title Case Quarter 2026 Earnings Supplement Presentation subtitle in sentence case Presenter Name Event name xx Month 201x © 201X Virtu Financial. All rights reserved. Not to be reproduced or retransmitted without permission. Compliance #XXXX-XXXX © 2026 Virtu Financial.
Slide 2: Performance Highlights
Performance Highlights 2Q 2026 Key Financials Summary Recent Results Adj. Net Trading Income / Day1 Normalized $12.9M Adj. NTI1 Adj. NTI/day1 Adj. EPS1 $11.6M $9.2M $9.7M $2.5M $7.4M $2.2M $718M $11.6M $1.82 $1.9M $2.0M $1.9M $10.4M $9.4M $7.3M $7.8M $5.4M 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Market Making
Slide 3: Key Financial Metrics
Key Financial Metrics Trailing 5 Years Trailing 5 Quarters Comparison FY FY FY FY FY YTD FY 2025 FY 2026 2Q 2026 v ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q 1Q'26 2Q'25 1 Total Adjusted Net Trading Income $1,910 $1,468 $1,211 $1,598 $2,145 $1,504 $568 $467 $613 $787 $718 - 10% + 26% Daily Av
Slide 4: Returns remain elevated on a growing capital base
Returns remain elevated on a growing capital base Return on Invested Capital1,2 $3.0B 160% 139% 140% $2.5B 107% 107% 106% 120% 100% 95% 100% $2.0B 91% 94% 100% 77% 78% $1.5B 68% 66% 71% 80% 65% 60% $1.0B 40% $0.5B 20% - 0% FY'19 FY'20 FY'21 FY'22 FY'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25
Slide 5: Market Metrics
Market Metrics Trailing 5 Years Trailing 5 Quarters Comparison FY FY FY FY FY YTD FY 2025 FY 2026 2Q 2026 v 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q 1Q'26 2Q'25 Market Metrics (Average Daily) Volume Metrics US Equity Consolidated Volume (M shares) 11,404 11,875 11,054 12,153 17,581 20,099 18,386
Slide 6: Operating Expenses and Long-Term Debt
Operating Expenses and Long-Term Debt Operating Expense Results Trailing 5 Years Trailing 5 Quarters Adjusted Operating Expenses FY FY FY FY FY YTD 2025 2025 2025 2026 2026 TTM ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q 2Q'26 Adj. Communications & Data Processing1 $212 $220 $231 $236 $249 $13
Slide 7: GAAP Reconciliations and Other Information
GAAP Reconciliations and Other Information
Slide 8: Share Count Roll Forward
Share Count Roll Forward 2021 2022 2023 2024 2025 Grand (M shares) 4Q 2020 1Q 2026 2Q 2026 Total Total Total Total Total Total Beginning of Period Shares 197.1 195.6 186.1 171.7 162.7 159.2 158.9 159.9 197.1 Shares Repurchased - 1.44 - 14.71 - 16.34 - 12.48 - 6.70 - 3.48 - - - 55.14 Net Shares Issue
Slide 9: GAAP Balance Sheet
GAAP Balance Sheet Assets ($M) As of: 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 6/30/26 Cash and cash equivalents $732 $890 $1,071 $982 $820 $873 $1,062 $1,069 Cash & securities segregated under regulations & other 41 117 49 57 35 41 65 64 Securities borrowed 1,929 1,425 1,349 1
Slide 10: GAAP Income Statement
GAAP Income Statement Trailing 5 Years Trailing 5 Quarters Income Statement FY FY FY FY FY YTD FY 2025 2026 ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q Trading income, net $2,105 $1,629 $1,301 $1,822 $2,437 $1,646 $653 $529 $665 $789 $857 Commissions, net and technology services 614 530 456 51
Slide 11: Adjusted EBITDA & Normalized Adjusted EPS
Adjusted EBITDA & Normalized Adjusted EPS Trailing 5 Years Trailing 5 Quarters Income Statement FY FY FY FY FY YTD FY 2025 2026 ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q Adjusted Net Trading Income $1,910 $1,468 $1,211 $1,598 $2,145 $1,504 $568 $467 $613 $787 $718 Adj. EBITDA / Adj. EPS FY F
Slide 12: Adjusted Net Trading Income Reconciliation
Adjusted Net Trading Income Reconciliation Operating Segments Trailing 5 Years Trailing 5 Quarters Adjusted Net Trading Income Reconciliation FY FY FY FY FY YTD 2025 2025 2025 2026 2026 ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q Trading income, net $2,105 $1,629 $1,301 $1,822 $2,437 $1,646 $6
Slide 13: Adjusted Operating Expense Reconciliation
Adjusted Operating Expense Reconciliation Trailing 5 Years Trailing 5 Quarters Adjusted Operating Expenses Reconciliation FY FY FY FY FY YTD FY 2025 FY 2026 ($M) 2021 2022 2023 2024 2025 2026 2Q 3Q 4Q 1Q 2Q Employee compensation and payroll taxes $376 $391 $394 $435 $528 $425 $136 $158 $115 $208 $21
Slide 14: Disclaimer
Disclaimer Cautionary Statement Regarding Forward Looking Statements This presentation may contain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding Virtu Financial, Inc.’s (“Virtu’s”, the “Company’s
Slide 15: End Notes
End Notes These notes refer to metrics and/or defined terms presented on: Slide 2 Performance Highlights 1. This reflects a non-GAAP measure. Please refer to slides at the end of this presentation for reconciliation to the equivalent GAAP measure. Prior period reconciliations available: https://ir.v
Slide 16: End Notes
End Notes These notes refer to metrics and/or defined terms presented on: Slide 6 Operating Expenses and Long-Term Debt 1. This reflects a non-GAAP measure. Please refer to slides at the end of this presentation for reconciliation to the equivalent GAAP measure. Prior period reconciliations availabl