Virtu financial, inc. (VIRT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenues:
Trading income, net

1,457,242

912,316

1,049,839

1,065,390

1,118,060

1,266,682

1,186,837

1,155,045

1,032,615

766,027

635,567

588,366

618,750

665,465

716,374

729,460

0

757,455

752,814

699,358

0

-

0

0

-

Interest and dividends income

106,163

108,778

102,816

100,915

98,690

87,508

80,811

79,790

63,482

50,407

42,391

27,232

27,025

26,419

21,386

25,530

0

28,136

29,540

30,329

0

-

0

0

-

Commissions, net and technology services

594,141

498,544

403,572

304,197

205,642

184,339

207,927

211,026

167,568

116,503

52,365

11,945

11,050

10,352

9,769

9,610

0

10,622

10,189

10,030

0

-

0

0

-

Other, net

13,643

10,444

11,000

6,484

4,264

340,189

0

0

0

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

Revenues

2,171,189

1,530,082

1,567,227

1,476,986

1,426,656

1,878,718

1,902,823

1,878,986

1,695,748

1,027,982

734,108

627,628

656,921

702,272

747,427

764,600

0

796,213

792,543

739,717

0

-

0

0

-

Operating Expenses:
Brokerage, exchange and clearance fees, net

332,253

284,768

286,218

280,541

278,008

301,779

316,453

312,399

291,980

256,926

224,051

211,585

214,259

221,214

229,230

233,613

0

232,469

235,314

227,337

0

-

0

0

-

Communication and data processing

222,606

209,393

194,331

174,080

168,448

176,120

186,109

192,591

162,785

131,506

100,613

72,518

71,486

71,001

69,688

69,334

0

68,647

68,858

70,253

0

-

0

0

-

Employee compensation and payroll taxes

446,234

383,713

346,967

301,199

258,723

215,556

217,159

244,673

220,812

177,489

132,166

80,641

84,085

85,295

88,918

83,267

0

88,026

91,569

84,088

0

-

0

0

-

Payments for order flow

140,839

102,120

95,935

89,744

81,950

74,645

66,037

59,825

43,983

27,727

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividends expense

154,110

158,039

157,354

155,374

153,559

141,814

134,736

133,412

113,337

91,993

71,764

56,137

55,300

56,557

56,076

57,302

0

52,423

50,962

50,382

0

-

0

0

-

Operations and administrative

124,761

116,232

98,229

87,126

68,928

66,769

80,107

87,036

77,196

62,123

42,959

24,319

23,285

23,358

21,055

22,181

0

25,991

31,180

30,715

30,400

21,923

0

0

0

Depreciation and amortization

66,554

65,644

62,467

60,881

62,265

61,154

65,715

65,305

55,909

47,327

36,175

27,731

28,733

29,703

30,861

31,889

0

33,629

34,577

33,881

0

-

0

0

-

Amortization of purchased intangibles and acquired capitalized software

78,700

70,600

56,449

43,949

30,149

26,100

28,905

28,945

22,198

15,400

6,598

211

211

211

212

212

0

211

212

212

0

-

0

0

-

Termination of office leases

-66,728

-66,452

-66,655

-66,817

-3,387

-23,357

-26,858

-25,418

-23,641

-3,671

0

0

0

-

-

-

-

-

-

-

-

-

-

0

-

Debt issue cost related to debt refinancing, prepayment and commitment fees

36,089

41,132

7,895

11,242

14,920

11,727

12,836

14,358

16,481

10,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related retention bonus

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Initial public offering fees and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Transaction advisory fees and expenses

11,196

26,117

26,572

19,148

19,100

11,487

9,935

25,873

32,634

25,270

24,475

0

0

-

-

0

-

-

-

-

-

-

-

-

-

Charges related to share based compensation at IPO

-

-

0

0

-

24

251

432

601

772

856

1,008

1,345

1,755

2,551

46,412

0

-

0

0

-

-

-

-

-

Interest Expense, Debt

124,741

121,859

107,932

91,450

75,541

71,800

79,502

86,386

76,326

64,107

46,899

29,699

28,054

28,327

28,774

28,640

0

29,254

29,881

30,424

0

-

0

0

-

Total operating expenses

1,804,742

1,646,064

1,507,058

1,381,564

1,215,033

1,182,355

1,224,655

1,276,738

1,137,930

914,818

712,928

522,079

512,150

522,681

527,520

573,005

0

580,284

581,295

577,860

0

-

0

0

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

366,447

-115,982

60,169

95,422

211,623

696,363

678,168

602,248

557,818

113,164

21,180

105,549

144,771

179,591

219,907

191,595

0

215,929

290,099

253,779

273,743

193,558

0

0

0

Provision for (benefit from) income taxes

68,323

-12,277

-13,443

957

15,057

76,171

172,498

152,193

149,972

94,266

1,008

12,364

16,713

21,251

26,703

23,849

0

18,439

17,745

9,546

6,233

3,501

0

0

0

Net income (loss)

298,152

-103,705

73,650

94,444

196,551

620,192

505,655

450,055

407,846

18,898

20,172

93,185

128,058

158,340

193,204

167,746

0

197,490

195,966

157,269

0

-

0

0

-

Noncontrolling interest

129,005

-45,110

33,657

41,527

88,534

330,751

286,107

252,637

234,736

15,959

20,981

73,450

100,846

125,360

155,146

136,240

0

-

0

0

-

-

-

-

-

Net Income (Loss) Attributable to Parent

169,147

-58,595

39,993

52,917

108,017

289,441

219,548

197,418

173,110

2,939

-809

19,735

27,212

32,980

38,058

31,506

0

-

0

0

-

-

-

-

0

Earnings Per Share [Abstract]
Earnings Per Share, Basic

1.80

-0.15

-0.04

-0.27

-0.07

0.60

0.08

0.25

1.89

0.09

-0.17

0.01

0.10

0.17

0.18

0.21

0.27

-

0.36

0.01

-

-

-

-

-

Diluted (in dollars per share)

1.80

-0.15

-0.04

-0.27

-0.07

0.60

0.08

0.24

1.86

0.09

-0.17

0.01

0.10

0.18

0.18

0.21

0.26

-

0.35

0.01

-

-

-

-

-

Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic

119,757

117,975

117,548

112,828

107,319

106,569

106,692

99,542

90,699

89,904

79,199

40,814

40,398

39,364

38,351

38,230

38,210

-

34,305

34,305

-

-

-

-

-

Diluted (in shares)

119,788

117,975

117,548

112,828

107,319

107,202

107,128

101,619

92,406

89,904

79,199

40,814

40,398

39,084

38,351

38,230

38,489

-

34,738

34,529

-

-

-

-

-

Net income (loss)

298,152

-103,705

73,650

94,444

196,551

620,192

505,655

450,055

407,846

18,898

20,172

93,185

128,058

158,340

193,204

167,746

0

197,490

195,966

157,269

0

-

0

0

-

Other comprehensive income (loss)
Foreign exchange translation adjustment, net of taxes

-8,127

-1,475

-11,471

-4,940

-11,400

-5,127

-2,791

433

10,861

9,117

5,247

3,208

-2,874

-1,165

5,379

6,492

0

-4,255

-2,925

-6,732

0

-

0

0

-

Net change in unrealized cash flow hedges gains (losses)

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

234,423

-105,180

62,179

89,504

185,151

615,065

502,864

450,488

418,707

28,015

25,419

96,393

125,184

157,175

198,583

174,238

0

193,235

193,041

150,537

0

-

0

0

-

Less: Comprehensive income (loss) attributable to noncontrolling interest

101,409

-45,668

29,048

39,354

83,584

328,697

285,249

253,419

241,348

21,833

24,174

75,666

98,789

124,546

159,126

141,067

0

-

0

0

-

-

-

-

-

Comprehensive income (loss) attributable to common stockholders

133,014

-59,512

33,131

50,150

101,567

286,368

217,615

197,069

177,359

6,182

1,245

20,727

26,395

32,629

39,457

33,171

0

-

0

0

-

-

-

-

-