Virtu Financial, Inc.

VIRT

$64.40

+0.33%

2026-09-04 10:26:33 EDT+$0.21

Financial Services

Financial - Capital Markets

NYSE

Active Trading

Virtu Financial, Inc. stands as a leading financial services firm, delivering a comprehensive suite of data, analytical, and connectivity products to a ...

Price Action of VIRT

$64.40

+0.33%+$0.21

High—

Low—

52W High-6.0%

Rel. vol—

Interval

Range43m

Volume—SMA5SMA10

—

Virtu Financial, Inc. (NYSE: VIRT) is a leading global financial services firm headquartered in New York City, founded in 2008 by Vincent Viola, Douglas Cifu, and Graham Free. Listed on the New York Stock Exchange (NYSE), Virtu is known for its technology-first approach in high-frequency trading and market making. The ...Virtu Financial, Inc. (NYSE: VIRT) is a leading global financial services firm headquartered in New York City, founded in 2008 by Vincent Viola, Douglas Cifu, and Graham Free. Listed on the New York Stock Exchange (NYSE), Virtu is known for its technology-first approach in high-frequency trading and market making. The company operates through two core segments: Market Making and Execution Services. Its comprehensive portfolio includes trade execution, liquidity sourcing, advanced analytics, and broker-neutral, multi-dealer workflow technology. Virtu's clients span across a broad spectrum of asset classes including global equities, ETFs, foreign exchange, futures, fixed income, and cryptocurrencies. The company's analytics platform provides pre- and post-trade services, data products, and compliance tools, enabling clients to invest, trade, and manage risk effectively. With an employee base of over 1,000, Virtu is recognized as a major player in electronic trading, known for its robust market-making capabilities. The company has a strong financial performance with a market capitalization of approximately $11.9 billion, generating revenue per share of $46.89 and a net profit margin of 16.8%. Virtu has demonstrated solid profitability with a return on equity of 41.3% and a return on assets of 2.5%. The company maintains a modest dividend yield of 1.7% and has a dividend payout ratio of 53.8%. Virtu's leadership team, including CEO Aaron Simons and Executive Chairman Vincent Viola, brings extensive experience in electronic trading. The firm is dedicated to innovation and community engagement, having volunteered over 10,000 hours locally since 2013.ExpandCollapse

Founded

2008

Employees

1027

CEO

Aaron Simons

Full Name

Virtu Financial, Inc.

Sector

Financial Services

Industry

Financial - Capital Markets

ROE

41.25%

Market Cap

$5.69B

Current Ratio

1.11

WACC

4.06%

ROIC

32.39%

Contact Information

https://www.virtu.com

212 418 0100

1633 Broadway, New York City, NY 10019

Key Metrics of VIRT

Snapshot

Latest / TTM · 6 periods

Market Cap

$5.69B

ROCE

33.2%

EV / EBITDA

9.01x

+26.4% YoY

FCF Yield

3.0%

-13.1% YoY

Cash Conversion Cycle

106.5d

Current Ratio

1.11

Quick take

TTM —

Positive CCC

Financial Highlights of VIRT

Profitability trend

Latest / TTM · 6 periods

Gross Margin

55.4%

Net Margin

16.8%

P/E Ratio

8.19x

n/a

Debt / Equity

1.41

n/a

Current Ratio

1.11

Dividend Yield

1.5%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of VIRT

Upcoming

Sep 15, 2026In 11 days
Dividend payment
$0.96 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $1.51 · Revenue $622.59M · 5 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $1.63 · Revenue $652.95M · 5 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $7.17 · Revenue $2.73B · 3 analysts

Recent history

Sep 1, 2026
Ex-dividend date
$0.96 per share
Jul 31, 2026
Q2 FY2026 · Results reported
EPS $3.27 · Revenue $1.19B
View filing
May 1, 2026
Q1 FY2026 · Results reported
EPS $2.12 · Revenue $1.10B
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $5.13 · Revenue $3.63B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $0.86 · Revenue $824.79M
View filing
Jul 31, 2025
Q2 FY2025 · Results reported
EPS $1.65 · Revenue $999.57M
View filing

Financial Statements of VIRT

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$3.6B	+26.2%	+8.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$468.4M	+69.4%	+56.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+48.0%	-21.9%	-19.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+33.8%	-26.2%	-21.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+12.9%	+34.2%	+43.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$454.9M	-16.5%	+168.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+12.5%	-33.8%	+163.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	567.4%	+24.6%	-75.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.69x	+36.8%	-49.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$20.2B	+31.2%	+9.4%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	5.13 vs 5.20	-1.3%	3.27 vs 1.81	+80.9%
Revenue Surprise	$3.6B vs $2.0B	+77.4%	$1.2B vs $687.2M	+73.3%

Insider Transactions of VIRT

Acquisitions (A)

Since Aug 3, 2026

Disposals (D)

Since Aug 3, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 28, 2026	Finigan Barbara	director	Restricted Stock Unit	A	2,160	—
Aug 20, 2026	Virtu Employee Holdco LLC	director, 10 percent owner, other: See Remarks	Class C common stock	D	200,000	—
Aug 20, 2026	Virtu Employee Holdco LLC	director, 10 percent owner, other: See Remarks	Non-voting common interest units of Virtu Financial LLC	D	200,000	—
Aug 20, 2026	Simons Aaron Wyatt	director, officer: Chief Executive Officer	Forward Sale Contract (obligation to sell)	A	200,000	—
Aug 19, 2026	Finigan Barbara	director:	—	—	0	—

Earnings Call Transcript of VIRT

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to the Virtu Financial Second Quarter 2026 Earnings Call. I will now hand the conference over to Matthew Sandberg, Head of IR. Matthew, please go ahead. Matthew Sandberg: Thank you. Good morning. Our second quarter 2026 results were released this morning and are available on our website. With us today on this morning's call, we have Aaron Simons, our Chief Executive Officer; Cindy Lee, our Chief Financial Officer; and Joe Molluso, our Co-President and Co-Chief Operating Officer. We will begin with brief prepared remarks and then take your questions. First, a few reminders. Today's call may include forward-looking statements, which represent Virtu's current belief regarding future events and are, therefore, subject to risks, assumptions and uncertainties, which may be outside the company's control. Please note that our actual results and financial conditions may differ materially from what is indicated in these forward-looking statements. It is important to note that any forward-looking statements made on this call are based on information presently available to the company, and we do not undertake to update or revise any forward-looking statements as new information becomes available. We refer you to disclaimers in our press release and encourage you to review the description of risk factors contained in our annual report, Form 10-K and other public filings. During today's call, in addition to GAAP measures, we may refer to certain non-GAAP measures, including adjusted net trading income, adjusted net income, adjusted EBITDA and adjusted EBITDA margin. These non-GAAP measures should be considered as supplemental to and not as superior to financial measures as reported in accordance with GAAP. We direct listeners to consult the Investor portion of our website, where you'll find additional supplemental information referred to on this call as well as a reconciliation to non-GAAP measure -- of non-GAAP measures to the equivalent GAAP term in the earnings materials with an explanation of why we deem this information to be meaningful as well as how management uses these measures. With that, I'd like to turn the call over to Aaron. Aaron Simons: Thank you, and good morning. A year ago, we announced our plans to pivot towards growth, including investing in infrastructure, acquiring talent and growing our capital base. I'm happy to report substantial progress in that direction. We have made investments in power and compute and have begun to establish select partnerships via investment. Our talent acquisition efforts are proceeding as planned. We are reestablishing our reputation as a firm run by technologists and traders. And as a result, attrition rates are at multiyear lows. Following our recent opportunistic term loan increase as well as 12 months of retained earnings, our total trading capital stands at $3.4 billion, up from $2 billion a year ago. We continue to find new ways to …

Leadership Team of VIRT

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Aaron Simons	Chief Executive Officer & Director	USD 10,480,500	Male	1981	Active
Stephen John Cavoli	Executive Vice President of Markets & Global Head of Execution Services	USD 2,115,091	Male	1969	Active
Brett Michael Fairclough	Co-President & Co-COO	USD 2,100,000	Male	1983	Active
Joseph A. Molluso	Co-President & Co-COO	USD 2,100,000	Male	1969	Active
Cindy Lee	Executive Vice President, Chief Financial Officer & Treasurer	USD 950,000	Female	1985	Active
Justin Waldie	Senior Vice President, General Counsel & Secretary	—	Male	—	Active
Matthew Sandberg	Head of Investor Relations	—	Male	—	Active
Vincent J. Viola	Founder & Chairman Emeritus	—	Male	1956	Active
Akiko Imai	Global Head of New Sales	—	Female	—	Active
Andrew Smith	Senior Vice President of Global Business Development & Corporate Strategy	—	Male	—	Active

Recent News of VIRT

Zacks Investment Research8/18/2026Neutral

Can Virtu Financial's New Buyback Tool Unlock More Execution Growth?

VIRT's new notional buyback tool could attract more order flow and drive incremental growth in its Execution Services business.

GlobeNewsWire8/18/2026Neutral

Virtu Financial Announces New Notional Order Capabilities for 10b-18 Corporate Buyback Execution

NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Virtu Financial (NYSE: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, recently launched notional order execution capabilities for 10b-18 corporate buyback programs, a specialized offering available from only a small number of financial companies. Virtu's notional order functionality allows sell-side and buy-side clients to instruct execution based on a specified dollar (notional) value rather than a fixed share quantity, giving clients greater precision and control over corporate buyback spend.

Zacks Investment Research8/17/2026Neutral

Why Virtu Financial (VIRT) is a Top Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.

Zacks Investment Research8/14/2026Neutral

Why Investors Need to Take Advantage of These 2 Finance Stocks Now

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Schwab Network8/11/2026Neutral

Ted Weisberg on Navigating "Difficult" Market, Key Volatile & Big Pharma Stocks

Ted Weisberg returns to the NYSE set to talk about ways he is navigating a "difficult" market environment. He suggests investors find "ways to take advantage of volatility," naming stocks like Intercontinental Exchange (ICE) and Virtu Financial (VIRT) as his favorite volatile stocks to watch.

Historical Employee Count of VIRT

Current

1,027

Change

+5.99%

Minimum

969

Maximum

1,027

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	1,027	10-K	Feb 20, 2026	View
Dec 31, 2024	969	10-K	Feb 21, 2025	View
Dec 31, 2023	975	10-K	Feb 16, 2024	View
Dec 31, 2022	993	10-K	Feb 17, 2023	View
Dec 31, 2021	973	10-K	Feb 18, 2022	View

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Virtu Financial, Inc.