Virtus Investment Partners, Inc. (VRTS) Revenue History
Annual and quarterly revenue from 1995 to present
VRTS Revenue Over Time (1995–2025)
VRTS Revenue Growth History
15 of 23 years with positive growth- FY1995 revenue growth
- N/A
- FY1996 revenue growth
- +35.9%
- FY1997 revenue growth
- +7.9%
- FY1998 revenue growth
- +33.0%
- FY1999 revenue growth
- +28.9%
- FY2007 revenue growth
- -19.8%
- FY2008 revenue growth
- -21.2%
- FY2009 revenue growth
- -34.3%
- FY2010 revenue growth
- +22.0%
- FY2011 revenue growth
- +41.9%
- FY2012 revenue growth
- +37.4%
- FY2013 revenue growth
- +39.2%
- FY2014 revenue growth
- +15.7%
- FY2015 revenue growth
- -15.3%
- FY2016 revenue growth
- -15.4%
- FY2017 revenue growth
- +31.9%
- FY2018 revenue growth
- +29.9%
- FY2019 revenue growth
- +2.0%
- FY2020 revenue growth
- +7.3%
- FY2021 revenue growth
- +61.6%
- FY2022 revenue growth
- -9.5%
- FY2023 revenue growth
- -4.6%
- FY2024 revenue growth
- +7.3%
- FY2025 revenue growth
- -8.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $189.1M | — |
| Q3 2025 | $215.1M | — |
| Q2 2025 | $209.5M | — |
| Q1 2025 | $216.9M | — |
| Q4 2024 | $232.4M | — |
| Q3 2024 | $226.0M | — |
| Q2 2024 | $223.4M | — |
| Q1 2024 | $221.1M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
VRTS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
VRTS Revenue Analysis (1995–2025)
Current Revenue & Growth
As of June 23, 2026, Virtus Investment Partners, Inc. (VRTS) generated trailing twelve-month (TTM) revenue of $830.6 million, reflecting significant decline in growth of -18.6% year-over-year. The most recent quarter (Q4 2025) recorded $189.1 million in revenue, down 12.1% sequentially.
Historical Growth Trajectory
VRTS's 5-year compound annual growth rate (CAGR) stands at +6.6%, indicating steady revenue expansion. The 3-year CAGR of -2.0% is below the 5-year average, signalling a growth deceleration in recent years. Virtus Investment Partners, Inc.'s highest annual revenue of $974.7 million was recorded in 2021.
Revenue by Segment
VRTS's revenue is primarily driven by Investment Management Fees (50%), Open End Funds (20%), and Retail Separate Accounts (14%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Financial Services sector peers — including VCTR, CNNE (-6.4% YoY), and DHIL — VRTS has underperformed the peer group in revenue growth. Compare VRTS vs VCTR →
VRTS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VRTSCurrent | $831M | -18.6% | +6.6% | 17.4% | |
 VCTR | $1.3B | - | - | 42.5% | |
 CNNE | $424M | -6.4% | -6.3% | -28.2% | |
 DHIL | $158M | - | - | 38.4% | |
 GROW | $8M | - | - | -35.3% | |
 HNNA | $36M | - | - | 37.0% |
VRTS Historical Revenue Data (1995–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $830.6M | - | $622.0M | 74.9% | $144.9M | 17.4% |
| 2024 | $902.8M | - | $470.2M | 52.1% | $182.5M | 20.2% |
| 2023 | $841.5M | - | $436.7M | 51.9% | $151.5M | 18.0% |
| 2022 | $881.7M | - | $510.5M | 57.9% | $197.5M | 22.4% |
| 2021 | $974.7M | - | $616.4M | 63.2% | $325.5M | 33.4% |
| 2020 | $603.2M | - | $335.9M | 55.7% | $144.3M | 23.9% |
| 2019 | $562.3M | - | $321.7M | 57.2% | $124.7M | 22.2% |
| 2018 | $551.4M | - | $312.8M | 56.7% | $113.1M | 20.5% |
| 2017 | $424.4M | - | $233.0M | 54.9% | $58.0M | 13.7% |
| 2016 | $321.7M | - | $186.1M | 57.8% | $50.8M | 15.8% |
| 2015 | $380.2M | - | $243.1M | 63.9% | $80.4M | 21.1% |
| 2014 | $448.6M | - | $308.8M | 68.8% | $130.7M | 29.1% |
| 2013 | $387.7M | - | $255.9M | 66.0% | $113.5M | 29.3% |
| 2012 | $278.5M | - | $172.9M | 62.1% | $60.4M | 21.7% |
| 2011 | $202.7M | - | $110.2M | 54.4% | $13.9M | 6.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
31+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VRTS — Frequently Asked Questions
Quick answers to the most common questions about buying VRTS stock.
Is VRTS's revenue growth accelerating or slowing?
VRTS revenue is declining -18.6% year-over-year. TTM revenue fell to $831M, contrasting with the 5-year CAGR of +6.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is VRTS's revenue history from 1995 to 2026?
Virtus Investment Partners, Inc. (VRTS) revenue history spans 1995 to 2026. TTM revenue as of 2026 is $831M, growing at -18.6% YoY. The 5-year CAGR is +6.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VRTS's long-term revenue growth rate (CAGR)?
Virtus Investment Partners, Inc.'s 5-year revenue CAGR of +6.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -18.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VRTS.
Why does VRTS's quarterly revenue fluctuate?
VRTS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Virtus Investment Partners, Inc.'s revenue data from 1995 to 2026 shows full historical quarterly detail on this page.
How is VRTS's revenue distributed by segment?
VRTS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VRTS's revenue compare to industry peers?
Virtus Investment Partners, Inc. (VRTS) with TTM revenue of $831M and -18.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.