VIRT - NASDAQ
Virtu Financial, Inc.
$34.60
-2.7%Virtu 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.
At a Glance
Live SnapshotVirtu Financial, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
Virtu Financial, Inc. Income Statement
VIRT • NASDAQ
| Virtu Financial, Inc. Income Statement | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||
2.9B | 2.3B | 2.4B | 2.8B | 3.2B | 1.5B | 1.9B | 1B | 702.3M | 796.2M | 723.1M | 664.5M | 615.6M | 461.2M | |
GROSS PROFIT | ||||||||||||||
(1.1B) | (902.4M) | (1B) | (1.1B) | (1.2B) | (770.6M) | (592M) | (434.4M) | (306.5M) | (320.5M) | (315.5M) | (273.5M) | (264.4M) | (194.4M) | |
1.8B | 1.4B | 1.4B | 1.7B | 2.1B | 746.9M | 1.3B | 593.6M | 395.8M | 475.7M | 407.6M | 391M | 351.2M | 266.8M | |
OPERATING INCOME | ||||||||||||||
(449.7M) | (457M) | (436.8M) | (437.6M) | (2.1B) | (449.3M) | (330.2M) | (284.1M) | (124.3M) | (133.9M) | (121.4M) | (116.8M) | (172.8M) | (104M) | |
(236.4M) | (230.8M) | (219.5M) | (212M) | (213.8M) | (209.4M) | (176.1M) | (131.5M) | (71M) | (68.6M) | (68.8M) | (64.7M) | (55.4M) | (46.1M) | |
1.3B | 934M | 917.9M | 1.3B | 0.0 | 297.6M | 956.6M | 309.4M | 271.5M | 341.8M | 286.1M | 274.2M | 178.4M | 162.9M | |
PRE-TAX INCOME | ||||||||||||||
(627M) | (0.0) | (0.0) | (0.0) | (0.0) | (279.9M) | (213.6M) | (156.1M) | (84.9M) | (81.7M) | (78M) | (69.8M) | (75.2M) | (38.7M) | |
-656.5M | 0.0 | 0.0 | 0.0 | 0.0 | -279.9M | -213.6M | -156.1M | -84.9M | -81.7M | -78M | -69.8M | -75.2M | -38.7M | |
(213.3M) | (226.2M) | (217.3M) | (225.6M) | (1.9B) | (239.9M) | (154M) | (152.6M) | (53.3M) | (65.3M) | (52.6M) | (52.1M) | (117.5M) | (57.9M) | |
-673M | -608.8M | -361.1M | -255.2M | 1.4B | -413.6M | -260.2M | -196.3M | -91.9M | -125.9M | -92.6M | -86.6M | -89M | -61.9M | |
645M | 325.1M | 556.8M | 996.9M | 1.4B | -116M | 696.4M | 113.2M | 179.6M | 215.9M | 193.6M | 187.6M | 89.3M | 101M | |
NET INCOME | ||||||||||||||
(110.4M) | (61.2M) | (88.5M) | (169.7M) | (261.9M) | -12.3M | (76.2M) | (94.3M) | (21.3M) | (18.4M) | (3.5M) | (5.4M) | (1.8M) | (11.7M) | |
276.4M | 142M | 265M | 476.9M | 649.2M | -58.6M | 289.4M | 2.9M | 33M | 20.9M | 190.1M | 182.2M | 87.6M | 89.3M |
SEC Filings
VIRT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 01, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 29, 2026 | June 10, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 20, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 29, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 30, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 29, 2025 | October 29, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 02, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 23, 2025 | September 23, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 31, 2025 | July 30, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
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Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.