VIRT · Virtu Financial, Inc.

Virtu Financial’s first quarter 2026 results reflect robust top-line and bottom-line growth, with total revenues increasing 30.7% year-over-year to $1.095 billion and GAAP net income surging 82.8% to $346.6 million. This performance was primarily driven by a 33.8% increase in trading income, net — rising to $789.1 million — anchored by the Market Making segment, which generated $782.4 million of that amount. Execution Services also contributed meaningfully, with commissions, net and technology services growing to $177.95 million (up from $133.99 million), while Corporate segment expenses remained minimal. The company’s Non-GAAP metrics show even stronger momentum: Adjusted Net Trading Income jumped 58.2% to $786.5 million, Adjusted EBITDA rose 62.7% to $520.6 million, and Normalized Adjusted Net Income increased 71.2% to $356.7 million. These gains reflect operational leverage, disciplined cost management, and continued strength in global market-making activity across equities, fixed income, currencies, and commodities. Management attributed the growth to elevated volatility, improved execution quality, and expanded client engagement, particularly in agency-based trading and analytics offerings. The declaration of a $0.24 per share quarterly dividend — unchanged from prior quarters — signals capital return discipline amid strong cash generation. With $1.03 billion in cash and equivalents against $2.05 billion in long-term debt as of March 31, 2026, the balance sheet remains solid, supporting both strategic flexibility and shareholder returns. No forward guidance was disclosed in Exhibit 99.1.