Virtu Financial
Provides global liquidity, agency execution, analytics, and trading workflow technology.
Something off on this page? Send us feedback.
Profile
Makes markets as principal across multiple asset classes and provides agency execution, analytics, and workflow technology to financial institutions. Operations span hundreds of venues in dozens of countries, while performance depends on trading activity, bid-ask spreads, market volatility, exchange and clearing access, and short-term liquidity.
Market Making provides liquidity as principal across cash, futures, and options markets in global equities, fixed income, currencies, cryptocurrencies, and commodities. Execution Services supplies agency trading, algorithms, liquidity-seeking tools, analytics, workflow technology, and trading venues to institutions and intermediaries.
Built around automated processes, risk controls, and trading infrastructure, the platform operates across hundreds of venues in dozens of countries. The KCG acquisition expanded the scaled liquidity franchise, while the ITG acquisition added agency execution and analytics.
Results are structurally tied to trading volume, bid-ask spreads, volatility, exchange and clearing access, and short-term liquidity. The combination of principal trading and customer execution also requires effective information barriers and operational controls.
Company facts
Categories
Key statistics
Year to date +103% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 15, 2026 | Piper Sandler | Reiterate | Overweight | $54 | $70 | |
| Jul 10, 2026 | Morgan Stanley | Reiterate | Underweight | $39 | $57 | |
| Jun 30, 2026 | Goldman Sachs | Reiterate | Neutral | $51 | $63 | |
| Apr 30, 2026 | Goldman Sachs | Reiterate | Neutral | $40 | $51 | |
| Apr 10, 2026 | Morgan Stanley | Reiterate | Underweight | $35 | $39 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.81 | $1.82 | +0.6% | $687.2M | $717.9M | +4.5% | +2.12% |
| Apr 29, 2026Q1 FY26 | $1.66 | $2.24 | +34.9% | $613.1M | $786.5M | +28.3% | −2.28% |
| Jan 29, 2026Q4 FY25 | $1.28 | $1.85 | +44.5% | $519.1M | $613.4M | +18.2% | +2.09% |
| Oct 29, 2025Q3 FY25 | $0.89 | $1.05 | +17.8% | $434.2M | $824.8M | +90.0% | +0.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $837.9M | $999.6M | $824.8M | $969.9M | $1.10B | $1.19B | |
| Gross profit | $496.6M | $661.3M | $488.9M | $493.5M | $683.5M | $597.0M | |
| Operating income | $387.0M | $546.5M | $374.0M | $382.8M | $446.1M | $381.0M | |
| Net income | $99.7M | $151.2M | $77.6M | $139.9M | $182.3M | $285.0M | |
| Diluted EPS | $1.08 | $1.65 | $0.86 | $1.65 | $2.12 | $3.27 | |
| Gross margin | 59.3% | 66.2% | 59.3% | 50.9% | 62.4% | 50.1% | |
| Operating margin | 46.2% | 54.7% | 45.3% | 39.5% | 40.7% | 32.0% |
Fiscal years (4-quarter sums)FY21 $2.81B · FY22 $2.36B · FY23 $2.29B · FY24 $2.88B · FY25 $3.63B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.07B · Total debt $2.63B · Total assets $27.48B · Shareholders' equity $1.87B
Dividends
Raised for 9 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.24 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.24 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.24 | |
| Aug 29, 2025 | Sep 1 | Sep 15 | $0.24 | |
| May 30, 2025 | May 30 | Jun 16 | $0.24 | |
| Feb 28, 2025 | Feb 28 | Mar 17 | $0.24 | |
| Nov 29, 2024 | Dec 1 | Dec 15 | $0.24 | |
| Aug 30, 2024 | Sep 1 | Sep 15 | $0.24 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 85.85M · Float 82.46M · 96.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Vincent J. Viola | 67.48M | 45.20% | 13D | Apr 14, 2025 |
| BlackRock, Inc. | 11.73M | 13.66% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 5.98M | 6.97% | 13F | Aug 13, 2026 |
| FMR LLC | 4.72M | 5.50% | 13F | Aug 13, 2026 |
| Vanguard Capital Management | 4.35M | 5.00% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Joseph J. Jr Grano | director | −8,400 | $60.94 |
| Aug 18, 2026 | Virginia Gambale | director | −6,460 | $62.00 |
| Aug 17, 2026 | John Nixon | director | −9,094 | $60.13 |
| May 8, 2026 | Brett Fairclough | officer: Co-President & Co-COO | −30,000 | $50.06 |
| May 5, 2026 | Virginia Gambale | director | −4,000 | $50.00 |
Peers
- StoneX Group
Broad overlap in market making and institutional execution
- Interactive Brokers
Automated execution, smart routing and ATS overlap
- Tradeweb
Electronic execution and analytics across institutional markets
- MarketAxess
Fixed-income execution, portfolio trading and analytics overlap
- Cboe Global Markets
Execution-venue overlap across equities, options and FX
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Virtu Financial | $66.67 | +0.51% | $14.13B | 8.4 | 10.0 | 3.5 | −28.2% |
| StoneX Group | $68.64 | 0.00% | $8.16B | 11.9 | 16.5 | 0.1 | +43.3% |
| Interactive Brokers | $95.50 | −0.32% | $165.61B | 38.3 | 32.8 | 14.9 | +31.9% |
| Tradeweb | $108.87 | 0.00% | $23.18B | 26.0 | 25.6 | 10.5 | +9.0% |
| MarketAxess | $162.72 | 0.00% | $5.73B | 19.2 | 19.7 | 6.6 | −2.8% |
| Cboe Global Markets | $310.51 | −0.05% | $32.49B | 24.2 | 21.8 | 6.4 | −37.7% |
| Median | 24.2 | 21.8 | 6.6 | +9.0% |