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VIRT logoVirtu Financial, Inc.(VIRT)Earnings, Financials & Key Ratios

VIRT•NASDAQ•Banking & Credit
$50.60
$4.32B mkt cap·9.9× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryBrokerage, Trading and Market Making
AboutVirtu Financial, Inc., a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and other commodities. Its analytics platform provides a range of pre- and post-trade services, data products, and compliance tools for clients to invest, trade, and manage risk across markets. Virtu Financial, Inc. was founded in 2008 and is headquartered in New York, New York.Show more
  • Net Interest Income$369M+158.9%
  • Total Revenue$3.63B+26.2%
  • Net Income$468M+69.4%
  • Return on Equity27.07%+41.6%
  • Net Interest Margin1.83%+144.9%
  • Efficiency Ratio14.16%-9.4%
  • ROA2.64%+42.3%
  • Equity / Assets9.79%+1.1%
  • Book Value per Share23.13+36.6%
  • Tangible BV/Share7.85+409.5%
  • Debt/Equity4.55+18.4%
Technical→

VIRT Key Insights

Virtu Financial, Inc. (VIRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 14.2% efficiency ratio
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓Good 3Y average ROE of 18.5%
  • ✓Healthy dividend yield of 2.0%
  • ✓Share count reduced 2.9% through buybacks
  • ✓Diversified revenue: 86.0% from non-interest income

✗Weaknesses

  • ✗High debt to equity ratio of 4.5x
  • ✗Weak NIM of 1.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VIRT Price & Volume

Virtu Financial, Inc. (VIRT) stock price & volume — 10-year historical chart

Loading chart...

VIRT Growth Metrics

Virtu Financial, Inc. (VIRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years16.39%
5 Years2.32%
3 Years15.38%
TTM-

Profit CAGR

10 Years36.48%
5 Years-6.32%
3 Years20.9%
TTM72.03%

EPS CAGR

10 Years24.14%
5 Years-0.12%
3 Years28.11%
TTM81.5%

Return on Capital

10 Years9.77%
5 Years10.16%
3 Years8.73%
Last Year7.71%

VIRT Recent Earnings

Virtu Financial, Inc. (VIRT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 29, 2026
EPS
$2.24
Est $1.66
+34.9%
Revenue
$787M
Est $613M
+28.3%
Q1 2026
Jan 29, 2026
EPS
$1.85
Est $1.28
+44.5%
Revenue
$613M
Est $519M
+18.2%
Q4 2025
Oct 29, 2025
EPS
$1.05
Est $0.89
+17.8%
Revenue
$825M
Est $434M
+90.0%
Q3 2025
Jul 30, 2025
EPS
$1.53
Est $1.36
+12.5%
Revenue
$1000M
Est $438M
+128.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$2.24vs $1.66+34.9%
$787Mvs $613M+28.3%
Q1 2026Jan 29, 2026
$1.85vs $1.28+44.5%
$613Mvs $519M+18.2%
Q4 2025Oct 29, 2025
$1.05vs $0.89+17.8%
$825Mvs $434M+90.0%
Q3 2025Jul 30, 2025
$1.53vs $1.36+12.5%
$1000Mvs $438M+128.4%
Based on last 12 quarters of dataView full earnings history →

VIRT Peer Comparison

Virtu Financial, Inc. (VIRT) competitors in Brokerage, Trading and Market Making — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HOOD logoHOODRobinhood Markets, Inc.Direct Competitor69.39B77.0337.5851.58%42.1%21.38%2.34%1.68
IBKR logoIBKRInteractive Brokers Group, Inc.Direct Competitor37.39B83.9137.809.83%9.62%5.18%42.11%0.00
MKTX logoMKTXMarketAxess Holdings Inc.Direct Competitor5.62B151.2920.788.58%33.56%15.79%6.68%0.05
LPLA logoLPLALPL Financial Holdings Inc.Direct Competitor26.27B327.5830.0037.18%5.08%18.57%1.36
GS logoGSThe Goldman Sachs Group, Inc.Product Competitor285.46B918.8922.6717%11.25%12.59%5.06
MS logoMSMorgan StanleyProduct Competitor301.05B189.2123.8016.83%12.98%14.57%3.42
SCHW logoSCHWThe Charles Schwab CorporationProduct Competitor164.19B92.4030.901.87%22.85%291.38%1.25%0.93
AMTD logoAMTDAMTD IDEA GroupProduct Competitor7.51M1.060.25-55.94%94.4%12.95%68.62%0.17

Compare VIRT vs Peers

Virtu Financial, Inc. (VIRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HOOD

Most directly comparable listed peer for VIRT.

Scale Benchmark

vs MS

Larger-name benchmark to compare VIRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs HOOD, IBKR, MKTX, LPLA

VIRT Income Statement

Virtu Financial, Inc. (VIRT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income-156.1M-213.61M-279.9M-213.38M-219.67M-323.1M-599.76M-626.98M369.45M-200.55M
NII Growth %-83.9%-36.84%-31.03%23.76%-2.95%-47.08%-85.63%-4.54%158.93%259.97%
Net Interest Margin %-2.13%-2.89%-2.91%-2.14%-2.13%-3.05%-4.15%-4.08%1.83%-0.8%
Interest Income00000000508.82M271.46M
Interest Expense156.1M213.61M279.9M213.38M219.67M323.1M599.76M626.98M139.37M472M
Loan Loss Provision278.31M378.37M490.7M939M902.04M687.02M302.64M482.27M1.75B1.09B
Non-Interest Income1.03B1.88B1.52B3.24B2.81B2.36B2.29B2.88B3.12B3.62B
Non-Interest Income %100%100%100%100%100%100%100%100%85.99%93.02%
Total Revenue
1.03B▲ 0%
1.88B▲ 82.8%
1.52B▼ 19.2%
3.24B▲ 113.5%
2.81B▼ 13.2%
2.36B▼ 15.9%
2.29B▼ 3.0%
2.88B▲ 25.4%
3.63B▲ 26.2%
3.89B▲ 0%
Revenue Growth %46.38%82.76%-19.23%113.47%-13.21%-15.89%-3.02%25.45%26.25%107.91%
Non-Interest Expense284.13M330.17M449.27M2.09B437.62M436.79M457M449.74M514.46M577.63M
Efficiency Ratio27.64%17.57%29.61%64.43%15.57%18.47%19.93%15.63%14.16%14.85%
Operating Income
309.44M▲ 0%
956.57M▲ 209.1%
297.62M▼ 68.9%
0▼ 100.0%
1.25B▲ 0%
917.91M▼ 26.7%
933.98M▲ 1.8%
1.32B▲ 41.1%
1.23B▼ 6.8%
1.75B▲ 0%
Operating Margin %30.1%50.92%19.61%0%44.54%38.82%40.73%45.81%33.8%44.98%
Operating Income Growth %13.98%209.13%-68.89%-100%--26.69%1.75%41.11%-6.85%-
Pretax Income
113.16M▲ 0%
696.36M▲ 515.4%
-115.98M▼ 116.7%
1.38B▲ 1292.3%
996.9M▼ 27.9%
556.8M▼ 44.1%
325.13M▼ 41.6%
644.97M▲ 98.4%
1.09B▲ 69.7%
1.28B▲ 0%
Pretax Margin %11.01%37.07%-7.64%42.69%35.46%23.55%14.18%22.42%30.13%32.91%
Income Tax94.27M76.17M-12.28M261.92M169.67M88.47M61.21M110.44M182.06M210.94M
Effective Tax Rate %83.3%10.94%10.59%18.94%17.02%15.89%18.83%17.12%16.64%16.48%
Net Income
2.94M▲ 0%
289.44M▲ 9748.3%
-58.59M▼ 120.2%
649.2M▲ 1207.9%
476.88M▼ 26.5%
265.03M▼ 44.4%
142.04M▼ 46.4%
276.42M▲ 94.6%
468.36M▲ 69.4%
550.99M▲ 0%
Net Margin %0.29%15.41%-3.86%20.04%16.96%11.21%6.19%9.61%12.89%14.17%
Net Income Growth %-91.09%9748.28%-120.24%1207.94%-26.54%-44.42%-46.41%94.61%69.44%72.03%
Net Income (Continuing)18.9M620.19M-103.7M1.12B827.23M468.33M263.92M534.53M912.26M1.07B
EPS (Diluted)
0.26▲ 0%
2.78▲ 969.2%
-0.53▼ 119.1%
5.16▲ 1073.6%
3.91▼ 24.2%
2.44▼ 37.6%
1.42▼ 41.8%
2.97▲ 109.2%
5.13▲ 72.7%
6.40▲ 0%
EPS Growth %-70.45%969.23%-119.06%1073.58%-24.22%-37.6%-41.8%109.15%72.73%81.5%
EPS (Basic)0.262.82-0.535.193.952.451.422.985.14-
Diluted Shares Outstanding62.58M102.09M113.92M122.33M118.42M104.42M94.08M87.82M85.32M86.09M

VIRT Balance Sheet

Virtu Financial, Inc. (VIRT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments532.89M729.55M732.16M889.56M1.07B981.58M820.44M872.51M1.06B3.49B
Cash & Due from Banks532.89M729.55M732.16M889.56M1.07B981.58M820.44M872.51M1.06B973.23M
Short Term Investments0000000000
Total Investments4.18B4.06B4.84B4.56B5.73B6.16B10.59B11.08B14.63B14.65B
Investments Growth %104.3%-3.08%19.29%-5.66%25.46%7.5%72.1%4.61%32%143.83%
Long-Term Investments4.18B4.06B4.84B4.56B5.73B6.16B10.59B11.08B14.63B59.21B
Accounts Receivables972.02M1.11B1.42B1.9B1.17B1.2B843.97M1.25B2.06B297.63M
Goodwill & Intangibles956.11M920.57M1.68B1.6B1.54B1.47B1.41B1.35B1.3B1.29B
Goodwill844.88M836.58M1.15B1.15B1.15B1.15B1.15B1.15B1.15B1.15B
Intangible Assets111.22M83.99M529.64M454.5M386.33M321.48M257.52M203.19M154.93M143.15M
PP&E (Net)137.02M113.32M430.62M382.45M314.92M272.64M329.86M266.46M310.08M304.89M
Other Assets357.35M243.58M252.64M317.75M291.31M303.92M303.72M357.74M632.88M-14.65B
Total Current Assets1.56B1.85B2.2B2.91B2.29B2.23B1.7B2.17B3.18B1.27B
Total Non-Current Assets5.76B5.53B7.41B7.06B8.03B8.35B12.77B13.19B16.97B1.6B
Total Assets
7.32B▲ 0%
7.38B▲ 0.8%
9.61B▲ 30.2%
9.97B▲ 3.7%
10.32B▲ 3.6%
10.58B▲ 2.6%
14.47B▲ 36.7%
15.36B▲ 6.2%
20.15B▲ 31.2%
25.12B▲ 0%
Asset Growth %98.25%0.83%30.19%3.71%3.55%2.55%36.69%6.19%31.17%160.46%
Return on Assets (ROA)0.05%3.94%-0.69%6.63%4.7%2.54%1.13%1.85%2.64%2.57%
Accounts Payable1.08B862.42M1.32B1.49B1.08B769M1.64B1.52B1.69B0
Total Debt2.56B2.33B4.3B3.43B3.6B3.73B6.93B5.71B8.98B4.64B
Net Debt2.03B1.6B3.57B2.54B2.53B2.75B6.11B4.84B7.92B3.67B
Long-Term Debt2.53B2.32B3.86B3.05B3.26B3.48B4.85B5.44B8.7B2.03B
Short-Term Debt27.88M15.13M73.49M64.69M61.51M3.94M1.8B38.54M12.38M2.37B
Other Liabilities2.38B2.48B2.5B2.92B3.51B4.2B6.07B6.44B7.32B18.28B
Total Current Liabilities1.25B1.09B1.66B1.82B1.41B1.01B1.86B1.76B1.89B2.37B
Total Non-Current Liabilities4.92B4.79B6.72B6.29B7.05B7.92B11.2B12.11B16.29B20.55B
Total Liabilities6.17B5.89B8.38B8.11B8.46B8.93B13.06B13.87B18.18B22.92B
Total Equity
1.15B▲ 0%
1.49B▲ 29.8%
1.23B▼ 17.8%
1.86B▲ 50.9%
1.86B▲ 0.5%
1.65B▼ 11.4%
1.41B▼ 14.9%
1.49B▲ 5.8%
1.97B▲ 32.7%
2.2B▲ 0%
Equity Growth %115.49%29.8%-17.78%50.95%0.46%-11.39%-14.9%5.84%32.68%107.47%
Equity / Assets (Capital Ratio)15.73%20.25%12.79%18.61%18.06%15.6%9.71%9.68%9.79%8.75%
Return on Equity (ROE)0.35%21.88%-4.3%42.1%25.65%15.08%9.29%19.11%27.07%29.37%
Book Value per Share18.4014.6410.7915.1615.7415.8114.9416.9423.1325.51
Tangible BV per Share3.125.62-3.952.062.771.73-0.011.547.8510.51
Common Stock2K2K2K2K2K2K2K2K2K1K
Additional Paid-in Capital900.75M1.01B1.08B1.16B1.22B1.29B1.35B1.43B1.54B0
Retained Earnings-62.13M96.51M-90.37M422.38M830.54M972.32M1B1.17B1.52B1.62B
Accumulated OCI2.99M-82K-647K-25.49M-10.2M31.6M17.05M-7.06M-3.01M-4.97M
Treasury Stock-11.04M-55.01M-55.01M-88.92M-494.07M-954.64M-1.17B-1.34B-1.48B0
Preferred Stock0000000000

VIRT Cash Flow Statement

Virtu Financial, Inc. (VIRT) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations290.57M714.6M168.77M1.06B1.17B706.8M491.78M598.99M1.36B1.36B
Operating CF Growth %21.28%145.93%-76.38%528.59%10.44%-39.67%-30.42%21.8%127.2%-169.47%
Net Income2.94M289.44M-103.7M1.12B476.88M265.03M263.92M534.53M2.44B550.99M
Depreciation & Amortization62.77M87.28M136.24M141M137.48M131.21M127.27M116.29M111.55M112.05M
Deferred Taxes00-18.69M21.6M0019.07M0018.68M
Other Non-Cash Items760.1M-106.22M95.86M-17.27M-1.09B-415.65M146K12.75M-1.57B-707.92M
Working Capital Changes-563.06M409.22M-12.66M-265.2M1.59B658.99M17.44M-140.06M282.3M265.23M
Cash from Investing-838.02M329.17M-899.64M-2.56M-87.35M-29.53M-94.48M-61.85M3.63M-550.02M
Purchase of Investments00000000-2.67B-655.3M
Sale/Maturity of Investments0007.62M00002.88B0
Net Investment Activity0007.62M0000213.48M-655.3M
Acquisitions-805.23M0-835.58M60.59M000037.93M0
Other Investing-13.86M355.64M-54.74M-41.88M-62.79M-2.33M-56.71M-61.85M-184.28M118.49M
Cash from Financing889.8M-835.48M769.58M-839.92M-957.86M-735.75M-585.03M-469.56M-271.18M-196.1M
Dividends Paid-63.81M-100.33M-211.63M-484.42M-548.02M-375.28M-306.14M-299.4M-87.69M-368.28M
Share Repurchases-13.83M-75.38M-16.45M-49.86M-430.91M-488.8M-230.58M-191.14M-187.23M-96.73M
Stock Issued735.97M000000015.46M0
Net Stock Activity722.15M-75.38M-16.45M-49.86M-430.91M-488.8M-230.58M-191.14M-171.77M-96.73M
Debt Issuance (Net)1000K-1000K1000K-1000K-1000K1000K-1000K1000K1000K1000K
Other Financing-153.11M-144.77M-34.77M-6.63M-26.07M-12.78M28.63M-32.45M-285.56M63.83M
Net Change in Cash
351.47M▲ 0%
203.16M▼ 42.2%
37.23M▼ 81.7%
233.72M▲ 527.7%
113.95M▼ 51.2%
-82.71M▼ 172.6%
-182.78M▼ 121.0%
58.53M▲ 132.0%
212.45M▲ 263.0%
259.19M▲ 0%
Exchange Rate Effect9.12M-5.13M-1.48M15.32M-12.47M-24.24M4.96M-9.05M-880.88M-84.9M
Cash at Beginning181.41M532.89M736.05M773.28M1.01B1.12B1.04B855.46M913.99M1.13B
Cash at End532.89M736.05M773.28M1.01B1.12B1.04B855.46M913.99M1.13B1.03B
Interest Paid112.98M139.41M205.43M173.65M159.86M246.99M632.26M586.28M0338.26M
Income Taxes Paid5.98M93.99M12.27M248.53M134.88M103.97M38.69M43.42M078.34M
Free Cash Flow
271.64M▲ 0%
688.13M▲ 153.3%
110.96M▼ 83.9%
1B▲ 801.7%
1.15B▲ 14.6%
679.6M▼ 40.8%
415.65M▼ 38.8%
544.68M▲ 31.0%
1.3B▲ 138.2%
1.06B▲ 0%
FCF Growth %19.28%153.32%-83.88%801.71%14.65%-40.75%-38.84%31.04%138.19%11.01%

VIRT Banking Ratios

Virtu Financial, Inc. (VIRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)0.35%21.88%-4.3%42.1%25.65%15.08%9.29%19.11%27.07%29.37%
Return on Assets (ROA)0.05%3.94%-0.69%6.63%4.7%2.54%1.13%1.85%2.64%2.57%
Net Interest Margin-2.13%-2.89%-2.91%-2.14%-2.13%-3.05%-4.15%-4.08%1.83%-0.8%
Efficiency Ratio27.64%17.57%29.61%64.43%15.57%18.47%19.93%15.63%14.16%14.85%
Equity / Assets15.73%20.25%12.79%18.61%18.06%15.6%9.71%9.68%9.79%8.75%
Book Value / Share18.414.6410.7915.1615.7415.8114.9416.9423.1325.51
NII Growth-83.9%-36.84%-31.03%23.76%-2.95%-47.08%-85.63%-4.54%158.93%68.61%
Dividend Payout2171.28%34.66%-74.62%114.92%141.6%215.53%167.17%18.72%46.06%

VIRT SEC Filings & Documents

Virtu Financial, Inc. (VIRT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Oct 29, 2025·SEC

10-K Annual Reports

4
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 1, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

VIRT Frequently Asked Questions

Virtu Financial, Inc. (VIRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Virtu Financial, Inc. (VIRT) grew revenue by 26.2% over the past year. This is strong growth.

Yes, Virtu Financial, Inc. (VIRT) is profitable, generating $551.0M in net income for fiscal year 2025 (12.9% net margin).

Dividend & Returns

Yes, Virtu Financial, Inc. (VIRT) pays a dividend with a yield of 2.03%. This makes it attractive for income-focused investors.

Virtu Financial, Inc. (VIRT) has a return on equity (ROE) of 27.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Virtu Financial, Inc. (VIRT) has a net interest margin (NIM) of 1.8%. NIM has been under pressure due to interest rate environment.

Virtu Financial, Inc. (VIRT) has an efficiency ratio of 14.2%. This is excellent, indicating strong cost control.

Explore More VIRT

Virtu Financial, Inc. (VIRT) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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