Virtu (VIRT) Q3 2026 Earnings Call Transcript

Virtu Financial reported strong Q3 2026 results with record trailing 12-month metrics despite moderating market volatility. The firm generated $11 million per day in adjusted net trading income, raised $500 million in debt to increase trading capital to $3.4 billion, and achieved all-time highs in trailing 12-month ANT, adjusted EBITDA, and normalized adjusted EPS. Management emphasized diversification across offshore equities and cryptocurrency, plans to expand headcount beyond 1,100 employees, and continued investment in physical infrastructure while maintaining a 1.4x debt-to-EBITDA ratio.