NYSE: VIRT
Virtu Financial, Inc.CIK 0001592386 · SIC 6211 · Security Brokers & Dealers
Large
Revenue $3.6B
Assets $27.5B
as of Aug 30, 2026
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8-K
Filed Aug 21, 2026
· Period ending Aug 19, 2026
Summary not yet generated.
10-Q
Filed Jul 31, 2026
· Period ending Jun 30, 2026
Virtu Financial Q2 revenue rises 19% to $1.19B, but buyback program expires
4 material changes detected. Sign up free to read the summary.
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8-K
Filed Jul 30, 2026
· Period ending Jul 30, 2026
Summary not yet generated.
8-K
Filed Jul 23, 2026
· Period ending Jul 23, 2026
Virtu Financial closes $500M incremental term loan at SOFR+2.50%, total debt rises to $2.03B
4 material changes detected. Sign up free to read the summary.
8-K
Filed Jul 14, 2026
· Period ending Jul 14, 2026
Virtu markets $400M term loan add-on; discloses Q2 prelim net income $285M, EPS $1.63
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8-K
Filed Jun 10, 2026
· Period ending Jun 10, 2026
Virtu Financial completes routine annual meeting with director elections and auditor approval
3 material changes detected. Sign up free to read the summary.
8-K
Filed Jun 9, 2026
· Period ending Jun 9, 2026
Virtu Financial amends CFO employment agreement with enhanced change-in-control protections
4 material changes detected. Sign up free to read the summary.
10-Q
Filed May 1, 2026
· Period ending Mar 31, 2026
revenue $1.10B, net income $182.3M. Virtu suspends open-market buybacks in Q1 2026; program expires April 2026
3 material changes detected. Sign up free to read the summary.
8-K
Filed Apr 29, 2026
· Period ending Apr 29, 2026
Virtu Financial reports Q1 2026 earnings results
1 material change detected. Sign up free to read the summary.
10-K
Filed Feb 20, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
8-K
Filed Jan 29, 2026
· Period ending Jan 29, 2026
Summary not yet generated.
10-Q
Filed Oct 30, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed Jul 31, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-Q
Filed Apr 29, 2025
· Period ending Mar 31, 2025
Summary not yet generated.
10-K
Filed Feb 21, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 31, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
(in thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Trading income, net | 856,691 | 652,796 | 1,645,837 | 1,242,779 |
| Interest and dividends income | 145,886 | 128,406 | 273,404 | 237,459 |
| Commissions, net and technology services | 179,545 | 153,859 | 366,170 | 305,166 |
| Other, net | 7,831 | 64,512 | (131) | 52,038 |
| Total revenue | 1,189,953 | 999,573 | 2,285,280 | 1,837,442 |
| Operating Expenses: | ||||
| Brokerage, exchange, clearance fees and payments for order flow, net | 258,986 | 202,125 | 397,814 | 424,000 |
| Communication and data processing | 69,712 | 61,435 | 136,587 | 121,238 |
| Employee compensation and payroll taxes | 216,683 | 136,181 | 425,038 | 255,537 |
| Interest and dividends expense | 205,266 | 165,213 | 383,193 | 296,541 |
| Operations and administrative | 29,445 | 25,895 | 58,518 | 48,031 |
| Depreciation and amortization | 18,383 | 15,618 | 34,812 | 31,550 |
| Amortization of purchased intangibles and acquired capitalized software | 11,783 | 11,783 | 23,566 | 23,566 |
| Termination of office leases | 837 | 11 | 821 | 21 |
| Debt issue cost related to debt refinancing, prepayment and commitment fees | 1,474 | 1,682 | 3,130 | 3,363 |
| Transaction advisory fees and expenses | — | 59 | — | 397 |
| Financing interest expense on long-term borrowings | 34,827 | 32,551 | 69,672 | 62,442 |
| Total operating expenses | 847,396 | 652,553 | 1,533,151 | 1,266,686 |
| Income before income taxes and noncontrolling interest | 342,557 | 347,020 | 752,129 | 570,756 |
| Provision for income taxes | 57,628 | 54,044 | 120,604 | 88,145 |
| Net income | 284,929 | 292,976 | 631,525 | 482,611 |
| Noncontrolling interest | (134,030) | (141,789) | (298,317) | (231,743) |
| Net income available for common stockholders | 150,899 | 151,187 | 333,208 | 250,868 |
| Earnings per share | ||||
| Basic | 1.63 | 1.65 | 3.62 | 2.74 |
| Diluted | 1.63 | 1.65 | 3.62 | 2.73 |
| Weighted average common shares outstanding | ||||
| Basic | 87,603,606 | 85,490,121 | 86,852,837 | 85,585,040 |
| Diluted | 87,603,606 | 85,530,426 | 86,852,837 | 85,794,619 |
| Net income | 284,929 | 292,976 | 631,525 | 482,611 |
| Other comprehensive income | ||||
| Foreign exchange translation adjustment, net of taxes | (1,480) | 12,539 | (4,900) | 17,279 |
| Net change in unrealized cash flow hedges gain (loss), net of taxes | — | 1,098 | — | (1,012) |
| Comprehensive income | 283,449 | 306,613 | 626,625 | 498,878 |
| Less: Comprehensive income attributable to noncontrolling interest | (133,411) | (147,639) | (296,242) | (238,714) |
| Comprehensive income attributable to common stockholders | 150,038 | 158,974 | 330,383 | 260,164 |
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | 1,069,254 | 1,061,697 |
| Cash restricted or segregated under regulations and other | 63,759 | 64,744 |
| Securities borrowed | 3,774,108 | 3,191,138 |
| Securities purchased under agreements to resell | 1,857,034 | 988,929 |
| Receivables from broker-dealers and clearing organizations ($234,379 and $328,934 at fair value, as of June 30, 2026 and December 31, 2025, respectively) | 3,207,464 | 1,896,405 |
| Trading assets, at fair value: | ||
| Financial instruments owned | 11,373,226 | 7,343,032 |
| Financial instruments owned and pledged | 3,513,023 | 3,208,525 |
| Receivables from customers | 309,953 | 161,561 |
| Property, equipment and capitalized software (net of accumulated depreciation of $469,918 and $437,002 as of June 30, 2026 and December 31, 2025, respectively) | 118,632 | 96,378 |
| Operating lease right-of-use assets | 206,388 | 213,707 |
| Goodwill | 1,148,926 | 1,148,926 |
| Intangibles (net of accumulated amortization of $499,158 and $475,592 as of June 30, 2026 and December 31, 2025, respectively) | 131,365 | 154,931 |
| Deferred tax assets | 84,267 | 92,422 |
| Other assets ($284,745 and $242,121, at fair value, as of June 30, 2026 and December 31, 2025, respectively) | 619,723 | 528,341 |
| Total assets | 27,477,122 | 20,150,736 |
| Liabilities and equity | ||
| Liabilities | ||
| Short-term borrowings | 353,941 | 12,382 |
| Securities loaned | 4,089,659 | 3,477,831 |
| Securities sold under agreements to repurchase | 2,620,126 | 1,405,639 |
| Payables to broker-dealers and clearing organizations ($278,098 and $181,272, at fair value, as of June 30, 2026 and December 31, 2025, respectively) | 1,036,371 | 998,276 |
| Payables to customers | 226,743 | 43,103 |
| Trading liabilities, at fair value: | ||
| Financial instruments sold, not yet purchased | 13,569,647 | 9,105,263 |
| Tax receivable agreement obligations | 173,090 | 181,855 |
| Accounts payable, accrued expenses and other liabilities | 803,454 | 652,352 |
| Operating lease liabilities | 253,198 | 261,169 |
| Long-term borrowings | 2,025,883 | 2,039,463 |
| Total liabilities | 25,152,112 | 18,177,333 |
| Commitments and Contingencies (Note 16) | ||
| Virtu Financial Inc. Stockholders' equity | ||
| Class A common stock (par value $0.00001), Authorized 1,000,000,000 and 1,000,000,000 shares, Issued — 144,181,332 and 140,877,669 shares, Outstanding — 88,223,594 and 84,919,931 shares at June 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Class B common stock (par value $0.00001), Authorized 175,000,000 and 175,000,000 shares, Issued and Outstanding — 0 and 0 shares at June 30, 2026 and December 31, 2025, respectively | — | — |
| Class C common stock (par value $0.00001), Authorized 90,000,000 and 90,000,000 shares, Issued and Outstanding — 6,807,809 and 7,970,185 shares at June 30, 2026 and December 31, 2025, respectively | — | — |
| Class D common stock (par value $0.00001), Authorized 175,000,000 and 175,000,000 shares, Issued and Outstanding — 60,091,740 and 60,091,740 shares at June 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Treasury stock, at cost, 55,957,738 and 55,957,738 shares at June 30, 2026 and December 31, 2025, respectively | (1,475,666) | (1,475,666) |
| Additional paid-in capital | 1,598,599 | 1,541,684 |
| Retained earnings | 1,750,661 | 1,519,270 |
| Accumulated other comprehensive income (loss) | (5,836) | (3,011) |
| Total Virtu Financial Inc. stockholders' equity | 1,867,760 | 1,582,279 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | 631,525 | 482,611 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 34,812 | 31,550 |
| Amortization of purchased intangibles and acquired capitalized software | 23,566 | 23,566 |
| Debt issue cost related to debt refinancing and prepayment | 200 | — |
| Amortization of debt issuance costs and deferred financing fees | 3,775 | 3,371 |
| Termination of office leases | 821 | 21 |
| Share-based compensation | 67,821 | 44,459 |
| Deferred taxes | 8,155 | 13,632 |
| Gain on sale of RFQ-hub | — | (66,988) |
| Other | 11,835 | 7,828 |
| Changes in operating assets and liabilities: | ||
| Securities borrowed | (582,970) | (359,831) |
| Securities purchased under agreements to resell | (868,105) | (100,381) |
| Receivables from broker-dealers and clearing organizations | (1,311,059) | (235,436) |
| Trading assets, at fair value | (4,334,692) | (3,126,121) |
| Receivables from customers | (148,392) | (210,569) |
| Operating lease right-of-use assets | 6,487 | 18,535 |
| Other assets | (80,382) | (56,292) |
| Securities loaned | 611,828 | 686,472 |
| Securities sold under agreements to repurchase | 1,214,487 | 635,338 |
| Payables to broker-dealers and clearing organizations | 38,095 | 317,135 |
| Payables to customers | 183,640 | 4,358 |
| Trading liabilities, at fair value | 4,464,384 | 1,982,657 |
| Operating lease liabilities | (7,971) | (22,180) |
| Accounts payable, accrued expenses and other liabilities | 149,099 | 3,994 |
| Net cash provided by (used in) operating activities | 116,959 | 77,729 |
| Cash flows from investing activities | ||
| Development of capitalized software | (31,773) | (29,769) |
| Acquisition of property and equipment | (24,649) | (10,944) |
| Proceeds from sale of RFQ-hub | — | 37,932 |
| Other investing activities | (23,269) | (8,600) |
| Net cash provided by (used in) investing activities | (79,691) | (11,381) |
| Cash flows from financing activities | ||
| Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest | (274,519) | (254,446) |
| Repurchase of Class C common stock | — | (1,566) |
| Purchase of treasury stock | (57,820) | (157,562) |
| Stock options exercised | — | 15,461 |
| Short-term borrowings, net | 342,976 | 216,759 |
| Proceeds from long-term borrowings | — | 1,245,000 |
| Repayment of long-term borrowings | (15,450) | (1,245,000) |
| Payment of tax receivable agreement obligations | (20,983) | (20,773) |
| Debt issuance costs | — | (5,684) |
| Net cash provided by (used in) financing activities | (25,796) | (207,811) |
| Effect of exchange rate changes on cash and cash equivalents | (4,900) | 17,279 |
| Net increase (decrease) in cash and cash equivalents | 6,572 | (124,184) |
| Cash, cash equivalents, and restricted or segregated cash, beginning of period | 1,126,441 | 913,991 |
| Cash, cash equivalents, and restricted or segregated cash, end of period | 1,133,013 | 789,807 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except share and per share data); (in thousands, except share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗