Virtu Financial (NASDAQ: VIRT) reported Q2 EPS of $1.73, $0.13 better than the analyst estimate of $1.60. Revenue for the quarter came in at $905.9 million versus the consensus estimate of $649.12 million.

Second Quarter 2020 Selected Highlights

Net income of $335.3 million; Normalized Adjusted Net Income1 of $340.0 million
Basic earnings per share of $1.59 and diluted earnings per share of $1.58; Normalized Adjusted EPS1 of $1.73
Total revenues of $905.9 million; Trading income, net of $744.0 million; Adjusted Net Trading Income1 of $668.7 million
Adjusted EBITDA1 of $485.8 million; Adjusted EBITDA Margin1 of 72.6%

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on September 15, 2020 to shareholders of record as of September 1, 2020.

“We delivered solid results in the second quarter, with both Market Making and Execution Services performing well, reflecting the strong progress we are making in our organic growth initiatives as well as higher trading volumes across global asset classes and sustained levels of retail engagement,” said Doug Cifu, Chief Executive Officer. “Our progress to date is a testament to both the commitment and dedication of our teams and the strength of our client relationships. Our results this quarter demonstrate our focus on delivering best-in-class products and services across the entire trade-lifecycle as well as the competitiveness of our global liquidity offerings.”

For earnings history and earnings-related data on Virtu Financial (VIRT) click here.