Virtu Financial (VIRT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VIRT SEC filings page.
Virtu Financial, Inc. (VIRT) reported $4.1B in revenue over the twelve months to Jun 30, 2026, up 20.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025's earnings recovery was real, but balance-sheet expansion and weaker cash conversion made growth more balance-sheet-intensive.
Net income increased69.4% while operating cash flow fell13.5% in FY2025; the profit rebound therefore did not translate proportionally into cash. Net profit margin rose3.3 percentage points , yet free-cash-flow margin fell6.8 percentage points , showing that accounting earnings improved faster than cash economics.
Total assets rose
Capital spending was
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Virtu Financial, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Virtu Financial, Inc. earned a return on assets of 2.3% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.8% the prior year. Earnings ranks banks on that return over three years, and Virtu Financial, Inc. scores 93/100 among other banks.
Virtu Financial, Inc. reported revenue of $3.6B in fiscal year 2025, against $2.9B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Virtu Financial, Inc. scores 87/100 among other banks.
Virtu Financial, Inc. funded 7.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $1.6B of equity against $20.2B of assets. Capital ranks banks on that cushion, and Virtu Financial, Inc. scores 10/100 among other banks.
Not available for Virtu Financial, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Virtu Financial, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Virtu Financial, Inc. reported net income of $468.4M in fiscal year 2025, against $276.4M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Virtu Financial, Inc. scores 31/100 among other banks.
Virtu Financial, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Key Financial Metrics
Earnings & Revenue
Virtu Financial, Inc. generated $1.2B in revenue in Q2 2026. This represents an increase of 19.0% from the same quarter a year earlier. Against the prior quarter it is up 8.6%.
Virtu Financial, Inc. reported $150.9M in net income in Q2 2026. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is down 17.2%.
Virtu Financial, Inc. earned $1.63 per diluted share (EPS) in Q2 2026. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 18.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Virtu Financial, Inc. generated $98.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 70.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Virtu Financial, Inc. held $1.1B in cash against $2.0B in long-term debt as of Q2 2026.
Virtu Financial, Inc. paid $0.24 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Virtu Financial, Inc.'s net profit margin was 12.7% in Q2 2026, showing the share of revenue converted to profit. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.
Virtu Financial, Inc.'s quarterly ROE was 8.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Virtu Financial, Inc. repurchased no shares in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Virtu Financial, Inc. invested $19.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 265.3% from the same quarter a year earlier. Against the prior quarter it is up 239.5%.
Not reported for Q2 2026.
VIRT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B+19.0% | $1.1B+30.7% | $969.9M+16.3% | $824.8M+16.7% | $999.6M+44.2% | $837.9M+30.3% | $834.3M+55.7% | $706.8M+12.2% |
| SG&A Expenses | $29.4M+13.7% | $29.1M+31.3% | $25.0M-9.7% | $24.9M-0.1% | $25.9M+17.4% | $22.1M-0.9% | $27.7M+3.3% | $24.9M+11.3% |
| Interest Expense | $34.8M+7.0% | $34.8M+16.6% | $37.1M+39.3% | $33.3M+36.0% | $32.6M+38.9% | $29.9M+28.7% | $26.6M+7.5% | $24.5M-3.4% |
| Income Tax | $57.6M+6.6% | $63.0M+84.7% | $63.0M+137.5% | $30.9M+10.0% | $54.0M+98.2% | $34.1M+19.6% | $26.5M+162.7% | $28.1M+37.2% |
| Net Income | $150.9M-0.2% | $182.3M+82.9% | $139.9M+48.7% | $77.6M+29.5% | $151.2M+127.1% | $99.7M+78.6% | $94.1M+1598.4% | $60.0M-3.2% |
| EPS (Basic) | $1.63-1.2% | $1.99+82.6% | $1.54+49.5% | $0.86+32.3% | $1.65+132.4% | $1.09+84.7% | $1.03+1616.7% | $0.65+3.2% |
| EPS (Diluted) | $1.63-1.2% | $1.99+84.3% | $1.54+51.0% | $0.86+34.4% | $1.65+132.4% | $1.08+83.1% | $1.02+1600.0% | $0.64+1.6% |
| Diluted Shares (Avg) | 88M+2.4% | 86M+0.1% | N/A | 85M-3.1% | 86M-3.2% | 86M-3.3% | N/A | 88M-6.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
VIRT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $27.5B+42.5% | $25.1B+43.1% | $20.2B+31.2% | $21.3B+47.7% | $19.3B+38.4% | $17.5B+37.2% | $15.4B+6.2% | $14.4B-18.3% |
| Cash & Equivalents | $1.1B+42.2% | $973.2M+34.5% | $1.1B+21.7% | $707.9M+0.9% | $752.1M+9.8% | $723.6M+81.1% | $872.5M+6.3% | $701.4M+1.8% |
| Goodwill | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% |
| Total Liabilities | $25.2B+42.5% | $22.9B+43.4% | $18.2B+31.0% | $19.6B+50.8% | $17.7B+41.2% | $16.0B+40.7% | $13.9B+6.2% | $13.0B-19.4% |
| Long-Term Debt | $2.0B+16.2% | $2.0B+16.3% | $2.0B+17.2% | $2.0B+17.1% | $1.7B+0.3% | $1.7B+0.8% | $1.7B+0.8% | $1.7B-2.1% |
| Total Equity | $1.9B+32.7% | $1.7B+32.5% | $1.6B+26.2% | $1.5B+18.1% | $1.4B+14.3% | $1.3B+8.1% | $1.3B+4.3% | $1.2B-2.6% |
| Retained Earnings | $1.8B+29.1% | $1.6B+32.3% | $1.5B+30.0% | $1.4B+27.7% | $1.4B+27.7% | $1.2B+20.6% | $1.2B+16.8% | $1.1B+7.8% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
VIRT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $117.1M+86.6% | -$149K-101.0% | $509.4M+30.1% | -$68.7M-161.3% | $62.8M-87.2% | $15.0Mn/m | $391.5M+12.5% | $112.1M-34.1% |
| Stock-Based Compensation | N/A | $34.5M+57.4% | N/A | N/A | N/A | $21.9M+45.6% | N/A | N/A |
| Capital Expenditures | $19.0M+265.3% | $5.6M-2.2% | $3.9M | $8.0M+36.2% | $5.2M+33.0% | $5.7M+103.6% | N/A | $5.9M+142.0% |
| Free Cash Flow | $98.1M+70.4% | -$5.8M-162.4% | $505.5M | -$76.7M-172.2% | $57.6M-88.2% | $9.2Mn/m | N/A | $106.2M-36.6% |
| Investing Cash Flow | -$43.6M-322.2% | -$36.1Mn/m | -$2.8Mn/m | -$26.4Mn/m | $19.6Mn/m | -$31.0Mn/m | -$6.2Mn/m | -$19.2Mn/m |
| Financing Cash Flow | $30.8Mn/m | -$56.6Mn/m | -$136.7Mn/m | $63.4Mn/m | -$76.1Mn/m | -$131.7M-36473.8% | -$196.7Mn/m | -$78.2Mn/m |
| Share Buybacks | $0n/m | $0-100.0% | $0n/m | $0n/m | $0n/m | $1.6Mn/m | $0-100.0% | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid.
VIRT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 12.7%-2.4pp | 16.6%+4.7pp | 14.4%+3.1pp | 9.4%+0.9pp | 15.1%+5.5pp | 11.9%+3.2pp | 11.3%+10.2pp | 8.5%-1.3pp |
| Return on Equity | 8.1%-2.7pp | 10.5%+2.9pp | 8.8%+1.3pp | 5.3%+0.5pp | 10.7%+5.3pp | 7.6%+3.0pp | 7.5%+7.0pp | 4.9%0.0pp |
| Return on Assets | 0.5%-0.2pp | 0.7%+0.2pp | 0.7%+0.1pp | 0.4%-0.1pp | 0.8%+0.3pp | 0.6%+0.1pp | 0.6%+0.6pp | 0.4%+0.1pp |
| Debt-to-Equity | 1.08-0.2x | 1.17-0.2x | 1.29-0.1x | 1.400.0x | 1.24-0.2x | 1.33-0.1x | 1.390.0x | 1.410.0x |
| Liabilities-to-Equity | 13.47+0.9x | 13.21+1.0x | 11.49+0.4x | 13.45+2.9x | 12.54+2.4x | 12.20+2.8x | 11.06+0.2x | 10.53-2.2x |
| Asset Turnover | 0.040.0x | 0.040.0x | 0.050.0x | 0.040.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x |
| FCF Margin | 8.2%+2.5pp | -0.5%-1.6pp | 52.1% | -9.3%-24.3pp | 5.8%-64.5pp | 1.1%+63.1pp | N/A | 15.0%-11.6pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Virtu Financial, Inc. VIRT | FY2025 | $3.6B | $468.4M | 12.9% | $4.7B | 55/100 |
| BGC Group, Inc. BGC | FY2025 | $2.9B | $155.0M | 5.3% | $5.2B | 75/100 |
| Moelis & Company MC | FY2025 | N/A | $233.0M | N/A | $4.3B | — |
| Marex Group Limited MRX | FY2025 | $2.0B | $293.9M | 14.5% | $4.6B | 40/100 |
| Riot Platforms, Inc. RIOT | FY2025 | $647.4M | -$663.2M | N/A | $4.8B | 37/100 |
| Figure Technology Solutions, Inc. FIGR | FY2025 | $506.9M | $133.9M | 26.4% | $4.8B | 62/100 |
Where Virtu Financial, Inc. Ranks
Frequently Asked Questions
Virtu Financial, Inc. (VIRT) reported $3.6B in total revenue for fiscal year 2025. This represents a 26.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Virtu Financial, Inc. (VIRT) revenue grew by 26.2% year-over-year, from $2.9B to $3.6B in fiscal year 2025.
Yes, Virtu Financial, Inc. (VIRT) reported a net income of $550.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $468.4M, with a net profit margin of 12.9%.
As of fiscal year 2025, Virtu Financial, Inc. (VIRT) had $1.1B in cash and equivalents against $2.0B in long-term debt.
Virtu Financial, Inc. (VIRT) had a net profit margin of 12.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, Virtu Financial, Inc. (VIRT) paid $0.24 per share in dividends during fiscal year 2025.
Virtu Financial, Inc. (VIRT) has a return on equity of 29.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Virtu Financial, Inc. (VIRT) generated $495.6M in free cash flow during fiscal year 2025. This represents a -15.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Virtu Financial, Inc. (VIRT) generated $518.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Virtu Financial, Inc. (VIRT) had $20.2B in total assets as of fiscal year 2025, including both current and long-term assets.
Virtu Financial, Inc. (VIRT) invested $22.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Virtu Financial, Inc. (VIRT) had a debt-to-equity ratio of 1.29 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Virtu Financial, Inc. (VIRT) had a liabilities-to-equity ratio of 11.49 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Virtu Financial, Inc. (VIRT) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Virtu Financial, Inc. (VIRT) trades at 8.6x earnings, its market capitalization divided by $550.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Virtu Financial, Inc. (VIRT) trades at 1.2x sales, its market capitalization divided by $4.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Virtu Financial, Inc. (VIRT) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Virtu Financial, Inc. (VIRT) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Virtu Financial, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.