Virtu Financial Inc. Class A Common Stock (VIRT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.82	$1.82	0.0%	—	$1.2B	—
Q1 26	$1.65	$2.24	+35.8%	—	$1.1B	—
Q4 25	$1.29	$1.85	+43.4%	—	$969.9M	—
Q3 25	$0.93	$1.05	+12.9%	—	$824.8M	—
Q2 25	$1.37	$1.53	+11.7%	—	$999.6M	—
Q1 25	$1.19	$1.3	+9.2%	—	$837.9M	—
Q4 24	$0.89	$1.14	+28.1%	—	$834.3M	—
Q3 24	$0.79	$0.82	+3.8%	—	$706.8M	—
Q2 24	$0.6	$0.83	+38.3%	—	$693M	—
Q1 24	$0.55	$0.76	+38.2%	—	$642.8M	—
Q4 23	$0.4	$0.27	-32.5%	—	$536M	—
Q3 23	$0.41	$0.45	+9.8%	—	$630.2M	—
Q2 23	$0.37	$0.37	0.0%	—	$506.9M	—
Q1 23	$0.59	$0.74	+25.4%	—	$620.4M	—
Q4 22	$0.52	$0.37	-28.8%	—	$497.8M	—
Q3 22	$0.54	$0.61	+13.0%	—	$561M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.14	—	—	$3.6B	—
FY24	—	$2.98	—	—	$2.9B	—
FY23	—	$1.42	—	—	$2.3B	—
FY22	—	$2.45	—	—	$2.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$702.3M	$1B	$1.9B	$1.5B	$3.2B	$2.8B	$2.4B	$2.3B	$2.9B	$3.6B
YoY change	-11.8%	+46.4%	+82.8%	-19.2%	+113.5%	-13.2%	-15.9%	-3.02%	+25.4%	+26.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	702.3M	1B	1.9B	1.5B	3.2B	2.8B	2.4B	2.3B	2.9B	3.6B
Cost of revenue	306.5M	434.4M	592M	770.6M	1.2B	1.1B	1B	902.4M	1.1B	1.3B
Gross profit	395.8M	593.6M	1.3B	746.9M	2.1B	1.7B	1.4B	1.4B	1.8B	2.3B
Gross margin	56.4%	57.7%	68.5%	49.2%	64.4%	60.1%	57.3%	60.7%	61.4%	64.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	71M	131.5M	176.1M	209.4M	213.8M	212M	219.5M	230.8M	236.4M	249.2M
Operating expenses	94.4M	221.4M	242.9M	313M	308.3M	300.1M	305.6M	329.7M	333.4M	347.1M
Operating income	271.5M	309.4M	956.6M	297.6M	1.6B	1.3B	917.9M	934M	1.3B	1.9B
Operating margin	38.7%	30.1%	50.9%	19.6%	50.6%	44.5%	38.8%	40.7%	45.8%	51.6%
Non-operating income, net	319K	-28.9M	-34.8M	-92.6M	-12.5M	-29M	-8.1M	-769K	-16.5M	5.6M
Pretax income	179.6M	113.2M	696.4M	-116M	1.4B	996.9M	556.8M	325.1M	645M	1.1B
Income tax	21.3M	94.3M	76.2M	-12.3M	261.9M	169.7M	88.5M	61.2M	110.4M	182.1M
Net income	158.3M	18.9M	620.2M	-103.7M	1.1B	827.2M	468.3M	263.9M	534.5M	912.3M
Net margin	22.5%	1.84%	33%	-6.83%	34.6%	29.4%	19.8%	11.5%	18.6%	25.1%
EBITDA	294.1M	361M	1B	392.7M	1.7B	1.4B	1B	1.1B	1.4B	2B
EPS	0.88	0.26	2.82	-0.53	5.19	3.95	2.45	1.42	2.98	5.14
Diluted EPS	0.88	0.26	2.78	-0.53	5.16	3.91	2.44	1.42	2.97	5.13

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	630.2M	536M	642.8M	693M	706.8M	834.3M	837.9M	999.6M	824.8M	969.9M	1.1B	1.2B
Cost of revenue	220.5M	214.9M	240.6M	256.5M	284.4M	327.7M	341.2M	338.3M	335.9M	282.4M	347.2M	475.7M
Gross profit	409.7M	321M	402.2M	436.5M	422.4M	506.6M	496.6M	661.3M	488.9M	687.5M	748.1M	714.3M
Gross margin	65%	59.9%	62.6%	63%	59.8%	60.7%	59.3%	66.2%	59.3%	70.9%	68.3%	60%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	57.1M	59.9M	58.2M	59.3M	59.6M	59.3M	59.8M	61.4M	62.8M	65.2M	66.9M	69.7M
Operating expenses	79.5M	86.7M	80.5M	81.4M	84.5M	87M	81.9M	87.3M	87.7M	90.2M	95.9M	99.2M
Operating income	298.4M	202.2M	290.9M	326.9M	309.6M	390.6M	387M	546.5M	374M	568.1M	624M	585M
Operating margin	47.4%	37.7%	45.3%	47.2%	43.8%	46.8%	46.2%	54.7%	45.3%	58.6%	57%	49.2%
Non-operating income, net	-370K	-425K	-152K	-76K	-86K	-16.2M	-348K	-70K	6.5M	-511K	16K	-837K
Pretax income	138.1M	16.8M	139.8M	155.4M	147.2M	202.6M	223.7M	347M	180M	343.6M	409.6M	342.6M
Income tax	20.5M	10.1M	28.5M	27.3M	28.1M	26.5M	34.1M	54M	30.9M	63M	63M	57.6M
Net income	117.6M	6.7M	111.3M	128.1M	119M	176.1M	189.6M	293M	149.1M	280.6M	346.6M	284.9M
Net margin	18.7%	1.25%	17.3%	18.5%	16.8%	21.1%	22.6%	29.3%	18.1%	28.9%	31.6%	23.9%
EBITDA	328.4M	231.8M	320M	330.8M	336.1M	417.8M	413M	572.3M	399.7M	595.7M	650.5M	613.7M
EPS	0.63	0.05	0.59	0.71	0.65	1.03	1.09	1.65	0.86	1.54	1.99	1.63
Diluted EPS	0.63	0.05	0.59	0.71	0.64	1.03	1.08	1.65	0.86	1.54	1.99	1.63

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	3.1B	3.4B	—	1.9B	3.1B	2.8B	4.6B
Enterprise value	—	—	—	—	5.6B	5.9B	—	8B	8B	10.8B	-6.8B
Shares outstanding	38.5M	62.6M	100.9M	113.9M	121.7M	117.3M	104M	94.1M	87.5M	85.2M	85.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	2.73	4.09	—	7.22	5.84	3.11	8.87
P/S	—	—	—	—	0.95	1.2	—	0.83	1.08	0.78	1.44
P/B	—	—	—	—	1.65	1.82	—	1.36	2.1	1.44	2.52
EV/EBITDA	—	—	—	—	3.2	4.28	—	7.61	5.67	5.43	-3.45
EV/Sales	—	—	—	—	1.73	2.1	—	3.49	2.77	2.96	-2.09
Earnings yield	—	—	—	—	36.6%	24.5%	—	13.8%	17.1%	32.1%	11.3%
FCF yield	—	—	—	—	32.7%	32.9%	—	21.8%	17.5%	16%	93.9%
PEG	—	—	—	—	—	—	—	—	—	—	-7.32

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	56.4%	57.7%	68.5%	49.2%	64.4%	60.1%	57.3%	60.7%	61.4%	64.3%	60%
Operating margin	38.7%	30.1%	50.9%	19.6%	50.6%	44.5%	38.8%	40.7%	45.8%	51.6%	36.3%
Net margin	22.5%	1.84%	33%	-6.83%	34.6%	29.4%	19.8%	11.5%	18.6%	25.1%	16.9%
ROE	29.6%	1.64%	41.5%	-8.44%	60.4%	44.4%	28.4%	18.8%	35.9%	46.2%	53.6%
ROA	4.29%	0.26%	8.4%	-1.08%	11.2%	8.02%	4.43%	1.82%	3.48%	4.53%	4.54%
ROIC	20.5%	1.62%	27.5%	6.21%	30.2%	23.6%	17.6%	10.1%	17.3%	15.8%	14.9%
Return on tangible assets	7.01%	0.35%	11.2%	-1.66%	16.6%	11.4%	6.13%	2.26%	4.22%	5.2%	4.26%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.62	1.25	1.69	1.32	1.59	1.63	2.21	0.91	1.23	1.69	1.11
Quick ratio	0.62	1.25	1.69	1.32	1.59	1.63	2.21	0.91	1.23	1.69	1.79
Debt / equity	1.52	2.22	1.56	3.5	1.85	1.93	2.26	4.93	3.84	4.55	4.15
Debt / assets	0.22	0.35	0.32	0.45	0.34	0.35	0.35	0.48	0.37	0.45	0.39
Net debt / EBITDA	2.14	5.62	1.55	9.08	1.45	1.83	2.69	5.8	3.45	4	4.3
Interest coverage	3.12	1.72	4.26	0.59	7.48	5.54	2.72	1.54	2.03	2.4	2.46
Effective tax rate	11.8%	83.3%	10.9%	0%	18.9%	17%	15.9%	18.8%	17.1%	16.6%	16.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	18.2	16.4	18.6	13.3	26.6	24	22.7	24.4	32.9	42.6	38
EPS (basic)	0.88	0.26	2.82	-0.53	5.19	3.95	2.45	1.42	2.98	5.14	5.14
EPS (diluted)	0.88	0.26	2.78	-0.53	5.16	3.91	2.44	1.42	2.97	5.13	6.02
Book value per share	13.9	18.4	14.8	10.8	15.2	15.9	15.9	14.9	17	23.2	21.2
FCF per share	5.69	4.11	6.61	0.97	8.22	9.47	6.17	4.42	6.23	5.34	5.46
Cash per share	4.71	8.52	7.23	6.43	7.31	9.13	9.44	8.72	9.97	12.5	245.2
Capex per share	0.31	0.3	0.26	0.08	0.24	0.21	0.26	0.4	0.14	0.48	0.49

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.69%	1.84%	1.38%	0.61%	0.89%	0.87%	1.15%	1.65%	0.43%	1.12%	1.05%
Capex / operating cash flow	47%	2.08%	1.56%	-56%	2.35%	2.1%	3.85%	7.68%	2.07%	7.85%	7.66%
Payout ratio	23.8%	337.7%	16.2%	-204.1%	43.2%	66.2%	80.1%	116%	56%	38.3%	16%
Dividend yield	—	—	—	—	15.8%	16.2%	—	16.1%	9.59%	12.3%	1.85%

Yield

1.85%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.24

ex-dividend Sep 1, 2026

Payout ratio

16%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.24
Jun 1, 2026	$0.24
Feb 27, 2026	$0.24
Dec 1, 2025	$0.24
Aug 29, 2025	$0.24
May 30, 2025	$0.24
Feb 28, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$630.2M	$536M	$642.8M	$693M	$706.8M	$834.3M	$837.9M	$999.6M	$824.8M	$969.9M	$1.1B	$1.2B
YoY change	+12.3%	+7.68%	+3.62%	+36.7%	+12.2%	+55.7%	+30.3%	+44.2%	+16.7%	+16.3%	+30.7%	+19%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	181.4M	532.9M	729.5M	732.2M	889.6M	1.1B	981.6M	820.4M	872.5M	1.1B
Receivables	448.7M	972M	1.1B	1.4B	1.9B	1.2B	1.2B	844M	1.3B	2.1B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	630.1M	1.6B	1.8B	2.2B	2.9B	2.3B	2.2B	1.7B	2.2B	3.2B
Property, plant & equipment	107.3M	231.9M	221.5M	430.6M	382.5M	314.9M	272.6M	329.9M	266.5M	310.1M
Goodwill & intangibles	1.4B	1.9B	1.8B	3.4B	3.2B	3.1B	2.9B	2.8B	2.7B	2.6B
Total assets	3.7B	7.3B	7.4B	9.6B	10B	10.3B	10.6B	14.5B	15.4B	20.2B
Accounts payable	765.3M	1.1B	862.4M	1.3B	1.5B	1.1B	769M	1.6B	1.5B	1.7B
Short-term debt	25M	27.9M	15.1M	73.5M	64.7M	61.5M	3.9M	1.8B	38.5M	12.4M
Total current liabilities	1B	1.2B	1.1B	1.7B	1.8B	1.4B	1B	1.9B	1.8B	1.9B
Long-term debt	787.2M	2.5B	2.3B	4.2B	3.4B	3.5B	3.7B	5.1B	5.7B	9B
Total liabilities	3.2B	6.2B	5.9B	8.4B	8.1B	8.5B	8.9B	13.1B	13.9B	18.2B
Shareholders' equity	534.4M	1.2B	1.5B	1.2B	1.9B	1.9B	1.7B	1.4B	1.5B	2B
Total debt	812.2M	2.6B	2.3B	4.3B	3.4B	3.6B	3.7B	6.9B	5.7B	9B
Net debt	630.7M	2B	1.6B	3.6B	2.5B	2.5B	2.7B	6.1B	4.8B	7.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	688.8M	820.4M	399.6M	684.8M	701.4M	872.5M	723.6M	752.1M	707.9M	1.1B	973.2M	1.1B
Receivables	1.8B	844M	1.4B	1B	1.4B	1.3B	2B	1.7B	2.8B	2.1B	4.1B	3.5B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.6B	1.7B	1.8B	1.7B	2.1B	2.2B	2.8B	2.5B	3.6B	3.2B	5.1B	4.7B
Property, plant & equipment	253.9M	329.9M	310.1M	296M	284.2M	266.5M	256M	249M	239.2M	310.1M	304.9M	325M
Goodwill & intangibles	2.8B	2.8B	2.8B	2.8B	2.7B	2.7B	2.7B	2.7B	2.6B	2.6B	2.6B	2.6B
Total assets	17.6B	14.5B	12.8B	13.9B	14.4B	15.4B	17.5B	19.3B	21.3B	20.2B	25.1B	27.5B
Accounts payable	1B	1.6B	872.1M	1.3B	1.2B	1.5B	1.3B	1.8B	2.4B	1.7B	2B	2.1B
Short-term debt	97.2M	1.8B	138.2M	73.7M	128.8M	38.5M	112.1M	251.8M	122M	12.4M	155M	353.9M
Total current liabilities	1.3B	1.9B	1.2B	1.6B	1.5B	1.8B	1.6B	2.3B	2.7B	1.9B	2.4B	2.6B
Long-term debt	8.1B	5.1B	5.7B	5.9B	6.4B	5.7B	7.7B	8.7B	8.2B	9B	10B	10.4B
Total liabilities	16.1B	13.1B	11.4B	12.5B	13B	13.9B	16B	17.7B	19.6B	18.2B	22.9B	25.2B
Shareholders' equity	1.5B	1.4B	1.4B	1.4B	1.4B	1.5B	1.6B	1.6B	1.7B	2B	2.2B	2.3B
Total debt	8.2B	6.9B	5.8B	6B	6.6B	5.7B	7.8B	8.9B	8.3B	9B	10.2B	10.8B
Net debt	7.5B	6.1B	5.4B	5.3B	5.9B	4.8B	7.1B	8.2B	7.6B	7.9B	9.2B	9.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	158.3M	18.9M	620.2M	-103.7M	1.1B	827.2M	468.3M	263.9M	534.5M	912.3M
Depreciation & amortization	29.9M	62.8M	87.3M	136.2M	141M	137.5M	131.2M	127.3M	116.3M	111.6M
Stock-based compensation	22.9M	26.3M	31.9M	71.7M	59.8M	55.8M	67.2M	63.9M	75.5M	100.4M
Change in working capital	-205.4M	770.4M	865.5M	-198.1M	-155.8M	86.4M	-3.8M	17.4M	-140.1M	-570.1M
Operating cash flow	25.2M	910.1M	1.7B	-16.6M	1.2B	1.2B	706.8M	491.8M	599M	518.4M
Capital expenditure	-11.9M	-18.9M	-25.9M	-9.3M	-28.9M	-24.6M	-27.2M	-37.8M	-12.4M	-40.7M
Investing cash flow	-50.6M	-823.9M	350.7M	-851.2M	28.9M	-51.8M	8.1M	-56.1M	-20M	-17.8M
Dividends paid	-37.8M	-63.8M	-100.3M	-211.6M	-484.4M	-548M	-375.3M	-306.1M	-299.4M	-349.3M
Share repurchases	-24M	-13.8M	-75.4M	-16.4M	-49.9M	-430.9M	-488.8M	-230.6M	-191.1M	-190.4M
Financing cash flow	-161.2M	889.8M	-912.2M	768.6M	-856.4M	-1B	-740.9M	-585M	-482.8M	-296.5M
Net change in cash	-186.6M	976M	1.1B	-99.1M	401.5M	82.9M	-25.9M	-149.4M	96.3M	204.1M
Free cash flow	219.3M	257.5M	666.6M	111M	1B	1.1B	641.9M	415.6M	544.7M	454.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	117.6M	6.7M	111.3M	128.1M	119M	176.1M	189.6M	293M	149.1M	280.6M	346.6M	284.9M
Depreciation & amortization	31.8M	32.2M	30.8M	28.2M	28.3M	29M	27.7M	27.4M	27.2M	29.3M	28.2M	30.2M
Stock-based compensation	15.4M	16.8M	15M	18M	17.9M	24.5M	21.9M	22.6M	26.9M	29.1M	34.5M	33.4M
Change in working capital	720K	297.4M	-544.5M	300M	-47.5M	152M	-238.5M	-223.8M	-255.5M	147.7M	-427.4M	-238.1M
Operating cash flow	170.1M	348.1M	-395.4M	490.8M	112.1M	391.5M	15M	62.8M	-68.7M	509.4M	-149K	117.1M
Capital expenditure	-2.4M	-13.5M	-2.8M	-3.9M	-5.9M	181K	-5.7M	-5.8M	-5.4M	-5.6M	-26M	-5.7M
Investing cash flow	-9.8M	-17.6M	-4.1M	-3.7M	-13.4M	1.2M	-7.1M	-13.1M	-18.4M	1M	-30.5M	-24.6M
Dividends paid	-106.2M	-54.3M	-67.6M	-93.1M	-87.2M	-51.5M	-94.7M	-159.8M	-72.2M	-22.7M	-114.5M	-160M
Share repurchases	-49M	-46.2M	-51.8M	-31.1M	-50M	-58.2M	-90.5M	-68.6M	-30.8M	-469K	-55.8M	-2M
Financing cash flow	-170.2M	-199.7M	362K	-1.9B	-86.8M	-200.8M	-134M	-89.3M	63.4M	-136.7M	-56.6M	30.8M
Net change in cash	-9.9M	130.7M	-399.1M	-1.5B	12M	191.9M	-126.1M	-39.6M	-23.7M	373.7M	-87.2M	123.3M
Free cash flow	162.1M	328.2M	-421.6M	481.6M	100.4M	384.3M	-14.7M	51.7M	-82.1M	500M	-31.8M	92.3M

Virtu Financial Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement