Last 46 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Virtu Financial, Inc.'s quarterly P/E stands at 5.2x, down 41.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 37.3% YoY to 3.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.78 | 5.19 | 5.05 | 10.32 | 6.79 | 8.82 | 8.66 | 11.90 | 7.90 | 8.69 | 101.30 | 6.85 | 26.70 |
| — | -41.2% | -41.7% | -13.3% | -14.2% | +1.5% | -91.5% | +73.6% | -70.4% | +3.1% | +436.0% | -51.2% | +255.9% | |
| P/S Ratio | 1.18 | 0.86 | 0.73 | 0.92 | 0.96 | 0.98 | 0.92 | 0.94 | 0.72 | 0.71 | 0.85 | 0.64 | 0.80 |
| — | -11.7% | -20.8% | -2.5% | +33.9% | +37.8% | +7.9% | +47.4% | -10.6% | -4.7% | -16.6% | -32.6% | -21.6% | |
| P/B Ratio | 2.17 | 1.72 | 1.43 | 1.78 | 2.35 | 2.10 | 2.06 | 1.88 | 1.39 | 1.28 | 1.30 | 1.07 | 1.05 |
| — | -17.9% | -30.6% | -5.0% | +68.9% | +63.8% | +58.7% | +75.9% | +32.8% | +13.4% | +5.5% | -16.1% | -26.3% | |
| P/FCF | 3.30 | — | 0.65 | — | 18.52 | — | 2.00 | 6.64 | 1.03 | — | 1.37 | 2.49 | 3.75 |
| — | — | -67.4% | — | +1698.8% | — | +46.3% | +166.9% | -72.6% | — | +9.4% | +4.8% | +84.4% | |
| EV / EBITDA | 9.11 | 3.93 | 6.52 | 6.65 | 5.24 | 6.27 | 4.71 | 6.32 | 5.13 | 5.62 | 8.46 | 6.92 | 8.13 |
| — | -37.3% | +38.3% | +5.3% | +2.0% | +11.7% | -44.3% | -8.7% | -36.9% | +2.9% | +28.3% | +6.7% | +39.3% | |
| EV / EBIT | 9.94 | 4.18 | 7.03 | 7.04 | 5.52 | 6.76 | 5.31 | 6.94 | 6.02 | 6.25 | 9.96 | 7.71 | 9.71 |
| — | -38.2% | +32.4% | +1.5% | -8.4% | +8.1% | -46.7% | -10.0% | -38.0% | +1.2% | +18.9% | +0.3% | +45.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Virtu Financial, Inc.'s operating margin was 40.7% in Q1 2026, up 1.3 pp QoQ and down 5.5 pp YoY. The trailing four-quarter average of 45.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 5.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.0% | 62.4% | 50.9% | 59.3% | 66.2% | 59.3% | 60.7% | 59.8% | 63.0% | 62.6% | 59.9% | 65.0% | 57.0% |
| — | +5.3% | -16.2% | -0.8% | +5.0% | -5.3% | +1.4% | -8.1% | +10.5% | +4.5% | +10.7% | +26.2% | -1.3% | |
| Operating Margin | 33.8% | 40.7% | 39.5% | 45.3% | 54.7% | 46.2% | 46.8% | 43.8% | 47.2% | 45.3% | 37.7% | 47.4% | 34.4% |
| — | -11.8% | -15.7% | +3.5% | +15.9% | +2.1% | +24.1% | -7.5% | +37.0% | +8.4% | +25.8% | +40.6% | -15.8% | |
| Net Margin | 12.9% | 16.6% | 14.4% | 9.4% | 15.1% | 11.9% | 11.3% | 8.5% | 9.6% | 8.7% | 1.0% | 9.8% | 3.3% |
| — | +39.9% | +27.9% | +11.0% | +57.4% | +37.0% | +991.1% | -13.7% | +191.6% | -6.9% | -81.4% | +37.8% | -76.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.1% | 8.7% | 7.6% | 4.7% | 9.5% | 6.5% | 6.5% | 4.2% | 4.7% | 3.9% | 0.4% | 4.0% | 1.0% |
| — | +33.7% | +17.6% | +10.6% | +102.7% | +65.7% | +1604.0% | +4.1% | +345.5% | +12.0% | -77.1% | +72.5% | -78.8% | |
| ROA | 2.6% | 0.8% | 0.7% | 0.4% | 0.8% | 0.6% | 0.6% | 0.4% | 0.5% | 0.4% | 0.0% | 0.4% | 0.1% |
| — | +33.0% | +6.8% | -9.5% | +64.7% | +47.9% | +1732.2% | +6.0% | +276.7% | -20.6% | -86.5% | +11.7% | -81.4% | |
| ROIC | 10.1% | 3.8% | 2.7% | 2.7% | 4.1% | 3.5% | 3.9% | 3.0% | 3.3% | 2.8% | 1.7% | 2.6% | 1.8% |
| — | +7.6% | -29.1% | -9.7% | +22.5% | +24.6% | +129.6% | +14.8% | +82.1% | -11.4% | -13.7% | +18.0% | -33.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Virtu Financial, Inc.'s Debt/EBITDA ratio is 9.8x, down from 21.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 69.1% YoY to 0.54x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.55 | 2.11 | 4.55 | 4.91 | 5.48 | 5.02 | 3.84 | 4.63 | 4.19 | 4.07 | 4.93 | 5.44 | 3.73 |
| — | -57.9% | +18.4% | +5.9% | +30.6% | +23.4% | -22.1% | -14.8% | +12.4% | +26.7% | +118.4% | +104.1% | +33.1% | |
| Debt / EBITDA | 6.70 | 9.79 | 21.78 | 20.80 | 15.58 | 18.92 | 13.62 | 19.45 | 16.87 | 18.03 | 29.56 | 24.87 | 28.05 |
| — | -48.3% | +60.0% | +6.9% | -7.6% | +5.0% | -53.9% | -21.8% | -39.8% | -0.4% | +43.7% | +23.7% | +61.0% | |
| Current Ratio | 1.69 | 0.54 | 1.69 | 1.34 | 1.10 | 1.74 | 1.23 | 1.39 | 1.09 | 1.51 | 0.91 | 1.92 | 1.46 |
| — | -69.1% | +36.8% | -4.0% | +0.9% | +15.3% | +34.8% | -27.5% | -25.2% | +50.9% | -58.6% | +17.5% | -5.9% | |
| Quick Ratio | 1.69 | 0.54 | 1.69 | 1.34 | 1.10 | 1.74 | 1.23 | 1.39 | 1.09 | 1.51 | 0.91 | 1.92 | 1.46 |
| — | -69.1% | +36.8% | -4.0% | +0.9% | +15.3% | +34.8% | -27.5% | -25.2% | +50.9% | -58.6% | +17.5% | -5.9% | |
| Interest Coverage | 8.85 | 12.22 | 9.87 | 1.90 | 2.75 | 2.39 | 2.19 | 1.92 | 2.06 | 1.94 | 1.09 | 1.87 | 1.26 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Virtu Financial, Inc.'s current P/E is 9.8x. The average P/E over the last 4 quarters is 6.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Virtu Financial, Inc.'s current operating margin is 33.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Virtu Financial, Inc.'s business trajectory between earnings reports.