Virtu Financial, Inc. (NASDAQ:VIRT), a leading provider of trading solutions and liquidity to the global markets, today reported its financial results for the second quarter ended June 30, 2022.

Total revenues increased 10.2% to $604.7 million for the second quarter of 2022, compared to $549.0 million for the same period in 2021.

Trading income, net, increased to $395.9 million for the quarter compared to $384.8 million for the same period in 2021. Other, net, increased to $41.7 million for this quarter, compared to $11.5 million, for the same period in 2021, primarily due to gains on strategic investments.

Net income totalled $148.9 million for the second quarter of 2022, compared to net income of $108.9 million in the prior year quarter.

Basic and diluted earnings per share for this quarter were both $0.78, compared to a basic and diluted earnings per share of $0.51 and $0.50, respectively, for the same period in 2021.

Adjusted Net Trading Income increased 4.5% to $357.4 million for this quarter, compared to $341.8 million for the same period in 2021. Adjusted EBITDA increased 6.1% to $209.3 million for this quarter, compared to $197.3 million for the same period in 2021.

Normalized Adjusted Net Income, removing one-time and non-cash items, increased 6.2% to $129.9 million for the second quarter of 2022, compared to $122.3 million for the same period in 2021.

The Virtu Financial, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per share. This dividend is payable on September 15, 2022 to shareholders of record as of September 1, 2022.