VIRT 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

VIRT ▼ -4.26% at T+20d

LONG call ✗ call lost -4.26% · α vs SPY -10.31% · entry $50.73 → $48.57

Next anchor: T+60d in 6w

Currently $57.62 · +13.59% from $50.73 entry

Entry anchored
Apr 29, 2026
via day open

T+1d

-2.39%

call -2.39% · α -3.41%

$49.52

settled 6w ago

T+5d

-1.34%

call -1.34% · α -4.45%

$50.05

settled 5w ago

T+20d

-4.26%

call -4.26% · α -10.31%

$48.57

settled 16d ago

T+60d

—

call — · α —

—

in 6w

Price Chart

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Executive Summary

Virtu Financial reported Q1 2026 results that significantly exceeded consensus expectations, with Normalized Adjusted EPS of $2.24 ($1.46 consensus) and total revenue of $1.095B (up 30.7% YoY). The beat was driven by strong market making performance as trading income, net, increased 33.8% to $789.1M.

Actionable Insight

The massive beat suggests Virtu is benefiting from elevated market volatility and trading volumes. Watch for sustainability of market making revenue and any guidance on future quarters. The stock likely gaps up; consider taking profits if the move is >10% as historically high-impact calls on VIRT have not always sustained.

Key Facts

Normalized Adjusted EPS $2.24 vs consensus $1.46 (beat by 53.4%)
Total revenue $1,095.3M, up 30.7% YoY from $837.9M
Trading income, net $789.1M, up 33.8% YoY
Net income $346.6M vs $189.6M in prior year quarter
GAAP net income margin improved to 31.6% from 22.6%
Adjusted EBITDA $520.6M, up 62.7% YoY
Quarterly dividend maintained at $0.24 per share

Financial Impact

Normalized Adjusted EPS of $2.24 beat consensus of $1.46 by $0.78 (53.4%); revenue of $1,095.3M up 30.7% YoY.

earningsrevenuetrading income

Risk Factors

Earnings are highly dependent on market conditions; volatility could subside
Employee compensation costs surged 74.5% YoY, potentially pressuring margins if revenue normalizes
No forward guidance provided; uncertainty about future quarters

Market Snapshot

Exchange

NYSE

Sector

Security Brokers, Dealers & Flotation Companies

Analyst Consensus

62% bullish (13 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001592386-26-000012
Document: virt-20260429.htm	0001592386-26-000012
Document: 0001592386-26-000012-index-headers.html	0001592386-26-000012
Document: 0001592386-26-000012-index.html	0001592386-26-000012
Document: 0001592386-26-000012.txt	0001592386-26-000012
8-K Data (Synthetic)	0001592386-26-000012

4 reports for VIRT

T+1T+5T+20T+60

Filters

Reports for VIRT — sortable, filterable
	Type				Now
Jun 9, 2026 3d ago	8-K NEUTRAL ★ 2/10	$54.61 awaiting T+20	awaiting T+20	—	$57.62 (+5.51%)
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 3/10	$50.38 $49.51	▼ −1.72%	▼ −6.68%	$57.62 (+14.38%)
Apr 29, 2026 6w ago	8-K BULLISH ★ 8/10	$50.73 $48.57	▼ −4.26%	▼ −10.31%	$57.62 (+13.59%)
Apr 7, 2026 9w ago	Press Release NEUTRAL ★ 3/10	$47.45 $49.55	▲ +4.43%	▼ −5.35%	$57.62 (+21.44%)

US Market Status

Market Closed — Opens Mon (49h 38m)

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