Virtu Financial (NASDAQ:VIRT) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.22b (up 32% from FY 2023).
• Net income: US$276.4m (up 107% from FY 2023).
• Profit margin: 12% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.16 (up from US$1.42 in FY 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 4.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the US are expected to grow by 3.3%.

Performance of the American Capital Markets industry.

The company's shares are up 5.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Virtu Financial's balance sheet health.

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