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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Class A Common Stock
Class C Common Stock
Class D Common Stock
Total Virtu Financial Inc. Stockholders' Equity
Common Stock
Class A Common Stock
Common Stock
Class C Common Stock
Common Stock
Class D Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (loss)
Noncontrolling Interest
Balance at beginning period (in shares) at Dec. 31, 2020           125,627,277 10,226,939 60,091,740          
Balance at beginning of period at Dec. 31, 2020 $ 1,855,038       $ 1,468,540 $ 1 $ 0 $ 1 $ (88,923) $ 1,160,567 $ 422,381 $ (25,487) $ 386,498
Balance at beginning period (in shares) at Dec. 31, 2020                 (3,615,097)        
Increase (decrease) in stockholder's/members' equity                          
Share based compensation (in shares)           2,434,251              
Share based compensation 55,654       55,654         55,654      
Repurchase of Class C common stock (in shares)             (120,025)            
Repurchase of Class C common stock (3,455)       (3,455)         (3,455)      
Treasury stock purchases (in shares)           (840,229)     (14,711,766)        
Treasury stock purchases (427,453)       (427,453)       $ (405,152)   (22,301)    
Stock options exercised (in shares)           528,497              
Stock options exercised 10,042       10,042         10,042      
Net Income 827,234       476,878           476,878   350,356
Foreign exchange translation adjustment (12,470)       (7,673)             (7,673) (4,797)
Warrants exercised (in shares)           3,000,000              
Warrants exercised 68,940       68,940           68,940    
Net change in unrealized cash flow hedges gains (losses) 37,794       22,964             22,964 14,830
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (548,017)       (115,360)           (115,360)   (432,657)
Issuance of common stock in connection with employee exchanges (in shares)           747,849              
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)             (747,849)            
Issuance of tax receivable agreements in connection with employee exchange 311       311         311      
Balance at end of period (in shares) at Dec. 31, 2021           131,497,645 9,359,065 60,091,740          
Balance at end of period at Dec. 31, 2021 $ 1,863,618       1,549,388 $ 1 $ 0 $ 1 $ (494,075) 1,223,119 830,538 (10,196) 314,230
Balance at end of period (in shares) at Dec. 31, 2021                 (18,326,863)        
Increase (decrease) in stockholder's/members' equity                          
Dividends declared (in dollars per share) $ 0.24                        
Share based compensation (in shares)           1,897,030              
Share based compensation $ 71,597       71,597         71,597      
Repurchase of Class C common stock (in shares)             (236,069)            
Repurchase of Class C common stock (8,256)       (8,256)         (8,256)      
Treasury stock purchases (in shares)           (684,730)     (16,195,427)        
Treasury stock purchases (480,544)       (480,544)       $ (460,562)   (19,982)    
Stock options exercised (in shares)           268,879              
Stock options exercised 5,109       5,109         5,109      
Net Income 468,332       265,026           265,026   203,306
Foreign exchange translation adjustment (24,254)       (13,605)             (13,605) (10,649)
Net change in unrealized cash flow hedges gains (losses) 90,865       55,405             55,405 35,460
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (375,284)       (103,265)           (103,265)   (272,019)
Issuance of common stock in connection with employee exchanges (in shares)           92,930              
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)             (92,930)            
Issuance of tax receivable agreements in connection with employee exchange 1,044       1,044         1,044      
Contributions from noncontrolling interests 39,200                       39,200
Balance at end of period (in shares) at Dec. 31, 2022   98,549,464 9,030,066 60,091,740   133,071,754 9,030,066 60,091,740          
Balance at end of period at Dec. 31, 2022 $ 1,651,427       1,341,899 $ 1 $ 0 $ 1 $ (954,637) 1,292,613 972,317 31,604 309,528
Balance at end of period (in shares) at Dec. 31, 2022 (34,522,290)               (34,522,290)        
Increase (decrease) in stockholder's/members' equity                          
Dividends declared (in dollars per share) $ 0.24                        
Share based compensation (in shares)           2,627,823              
Share based compensation $ 66,644       66,644         66,644      
Repurchase of Class C common stock (in shares)             (235,674)            
Repurchase of Class C common stock (3,896)       (3,896)         (3,896)      
Treasury stock purchases (in shares)           (984,934)     (11,286,061)        
Treasury stock purchases (230,781)       (230,781)       $ (211,662)   (19,119)    
Net Income 263,921       142,036           142,036   121,885
Foreign exchange translation adjustment 4,957       6,952             6,952 (1,995)
Net change in unrealized cash flow hedges gains (losses) (36,993)       (21,509)             (21,509) (15,484)
Dividends ($0.24 per share of Class A common stock and participating Restricted Stock Units and Restricted Stock Awards) and distributions from Virtu Financial to noncontrolling interest (306,136)       (94,831)           (94,831)   (211,305)
Issuance of common stock in connection with employee exchanges (in shares)           186,394              
Repurchase of Virtu Financial Units and corresponding number of Class C common stock in connection with employee exchanges (in shares)             (186,394)            
Issuance of tax receivable agreements in connection with employee exchange (3,787)       (3,787)         (3,787)      
Balance at end of period (in shares) at Dec. 31, 2023   89,092,686 8,607,998 60,091,740   134,901,037 8,607,998 60,091,740          
Balance at end of period at Dec. 31, 2023 $ 1,405,356       $ 1,202,727 $ 1 $ 0 $ 1 $ (1,166,299) $ 1,351,574 $ 1,000,403 $ 17,047 $ 202,629
Balance at end of period (in shares) at Dec. 31, 2023 (45,808,351)               (45,808,351)        
Increase (decrease) in stockholder's/members' equity                          
Dividends declared (in dollars per share) $ 0.24