Virtu Financial, Inc. (NASDAQ:VIRT) shares are trading higher on Wednesday.

The company reported fourth-quarter revenue growth of 55.7% year-on-year to $834.3 million.

Adjusted EPS of $1.14 beat the consensus estimate of $0.89.

Trading income, net, surged 104% to $544 million for the quarter, up from $266.6 million in the same period last year.

Adjusted net trading income rose 75.4% to $457.7 million this quarter, up from $260.9 million in the same period last year and above the consensus of $406.02 million.

Adjusted EBITDA increased 186.4% to $283.5 million for this quarter, with a corresponding margin of 57.5%.

As of December 31, Virtu had $914 million in cash and equivalents, with total long-term debt outstanding in an aggregate principal amount of $1.767 billion.

Since the program's inception in November 2020 through the settlement date of January 27, the company has repurchased approximately 50.7 million shares of Class A Common Stock and Virtu Financial Units for about $1.296 billion.

The company has approximately $423.8 million remaining for future purchases under the program.

Dividend: The company declared a quarterly cash dividend of 24 cents per share. This dividend is payable on March 17, 2025, to shareholders of record as of February 28, 2025.

Price Action: VIRT shares are trading higher by 0.39% at $39.08 on the last check Wednesday.