Financial Services · Financial - Capital Markets
Price
$60.71
Market Cap
$12.8B
Employees
969
Beta
0.62
Avg Volume
1,349,270
CEO
Aaron Simons
Business Description
Virtu Financial, Inc. stands as a leading financial services firm, delivering a comprehensive suite of data, analytical, and connectivity products to a global clientele. The company is structured around two core operational segments: Market Making and Execution Services. Its extensive portfolio of solutions encompasses capabilities for trade execution, efficient liquidity sourcing, advanced analytics, and broker-neutral, multi-dealer workflow technology platforms. These offerings empower clients to conduct trades across diverse venues internationally and within a broad spectrum of asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and various other commodities. Furthermore, Virtu's advanced analytics platform furnishes clients with an array of pre- and post-trade services, valuable data products, and essential compliance tools, enabling them to effectively invest, trade, and manage risk exposures across various markets. Established in 2008, Virtu Financial maintains its headquarters in New York City.
Business History
Price Overview
Last updated: Jun 29, 2026 4:53am (just now)$60.71
-0.34 (-0.56%)
Day Range
$58.93 – $61.41
52-Week Range
$31.55 – $64.88
50-Day MA
$53.16
200-Day MA
$41.22
Volume
1,140,039.00
Analyst Price Targets
Low
$39.00
Consensus
$48.00
High
$54.00
(18 analysts)
Share Structure
Outstanding
85,319,095.00
Float
82,489,036.00
Free Float
96.7%
High free float
— 96.7% of shares trade freely, ~3.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
9.49
Stock Price: $60.71
EPS (Diluted): 5.14
EPS (Diluted): 5.14
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.79
Stock Price: $60.71
Total Equity: $1.58B
Shares: 85,318,436
Total Equity: $1.58B
Shares: 85,318,436
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
8.86
Market Cap: $12.84B
Total Debt: $8.72B
Cash: $1.06B
EBITDA: $1.35B
Total Debt: $8.72B
Cash: $1.06B
EBITDA: $1.35B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$15.0B
Market Cap: $12.84B
Total Debt: $8.72B
Cash: $1.06B
Total Debt: $8.72B
Cash: $1.06B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
48.0%
Gross Profit: $1.74B
Revenue: $3.63B
Revenue: $3.63B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
33.8%
Operating Income: $1.23B
Revenue: $3.63B
Revenue: $3.63B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
12.9%
Net Income: $468.36M
Revenue: $3.63B
Revenue: $3.63B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
35.7%
Net Income: $468.36M
Total Equity: $1.58B
Total Equity: $1.58B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
51.0%
Operating Income: $1.23B
Tax Rate: 16.6%
Equity: $1.58B
Total Debt: $8.72B
Cash: $1.06B
Tax Rate: 16.6%
Equity: $1.58B
Total Debt: $8.72B
Cash: $1.06B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.69
Current Assets: $3.18B
Current Liabilities: $1.89B
Current Liabilities: $1.89B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
5.51
Short-Term Debt: $12.38M
Long-Term Debt: $8.70B
Total Debt: $8.72B
Total Equity: $1.58B
Long-Term Debt: $8.70B
Total Debt: $8.72B
Total Equity: $1.58B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$42.57
Revenue: $3.63B
Shares: 85,318,436
Shares: 85,318,436
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$18.55
Total Equity: $1.58B
Shares: 85,318,436
Shares: 85,318,436
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$5.33
Operating CF: $518.39M
CapEx: -$63.50M
Shares: 85,318,436
CapEx: -$63.50M
Shares: 85,318,436
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
12.3%
Last Dividend: N/A
Stock Price: $60.71
Stock Price: $60.71
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $468.36M
Net Income: $468.36M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares VIRT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 29, 2026 4:53am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.4B | $2.3B | $2.9B | $3.6B |
| Cost of Revenue | $1.1B | $1.0B | $902.4M | $1.1B | $1.9B |
| Gross Profit | $1.7B | $1.4B | $1.4B | $1.8B | $1.7B |
| Operating Expenses | $437.6M | $436.8M | $457.0M | $449.7M | $514.5M |
| Operating Income | $1.3B | $917.9M | $934.0M | $1.3B | $1.2B |
| Net Income | $476.9M | $265.0M | $142.0M | $276.4M | $468.4M |
| EBITDA | $1.4B | $1.0B | $1.1B | $1.4B | $1.3B |
| EPS | $3.95 | $2.45 | $1.42 | $2.98 | $5.14 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 29, 2026 4:53am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $981.6M | $820.4M | $872.5M | $1.1B |
| Total Current Assets | $2.3B | $2.2B | $1.7B | $2.2B | $3.2B |
| Total Assets | $10.3B | $10.6B | $14.5B | $15.4B | $20.2B |
| Current Liabilities | $1.4B | $1.0B | $1.9B | $1.8B | $1.9B |
| Long-Term Debt | $3.3B | $3.5B | $4.9B | $5.4B | $8.7B |
| Total Liabilities | $8.5B | $8.9B | $13.1B | $13.9B | $18.2B |
| Total Equity | $1.5B | $1.3B | $1.2B | $1.3B | $1.6B |
| Retained Earnings | $830.5M | $972.3M | $1.0B | $1.2B | $1.5B |
Cash Flow (Annual)
Last updated: Jun 29, 2026 4:53am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $706.8M | $491.8M | $599.0M | $518.4M |
| Capital Expenditure | -$24.6M | -$27.2M | -$76.1M | -$54.3M | -$63.5M |
| Free Cash Flow | $1.1B | $679.6M | $415.6M | $544.7M | $454.9M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $37.9M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$430.9M | -$488.8M | -$230.6M | -$191.1M | -$190.4M |
| Net Change in Cash | $113.9M | -$82.7M | -$182.8M | $58.5M | $212.5M |
Analyst Estimates (Annual)
Last updated: Jun 29, 2026 4:53am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.0B $2.0B – $2.1B
|
$2.4B $2.2B – $2.7B
|
$2.4B $2.1B – $2.6B
|
$2.3B $2.3B – $2.3B
|
| EBITDA |
$909.3M $882.7M – $927.1M
|
$1.1B $977.8M – $1.2B
|
$1.1B $951.5M – $1.2B
|
$1.0B $1.0B – $1.0B
|
| Net Income |
$443.2M $428.9M – $457.5M
|
$544.7M $471.3M – $618.1M
|
$500.1M $449.5M – $550.6M
|
$489.3M $429.8M – $548.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 29, 2026 4:53am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -15.9% | -3.0% | +25.4% | +26.2% |
| Gross Profit Growth | -19.8% | +2.7% | +27.1% | -1.4% |
| Operating Income Growth | -26.7% | +1.8% | +41.1% | -6.8% |
| Net Income Growth | -44.4% | -46.4% | +94.6% | +69.4% |
| EBITDA Growth | -25.3% | +4.1% | +31.9% | -3.1% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-08 | Fairclough Brett | S-Sale | 14,632.00 | $49.82 | $728,996 |
| 2026-05-08 | Fairclough Brett | S-Sale | 15,368.00 | $50.29 | $772,858 |
| 2026-05-05 | Gambale Virginia | S-Sale | 4,000.00 | $50.00 | $200,000 |
| 2026-02-19 | Molluso Joseph | S-Sale | 200,000.00 | $38.88 | $7.8M |
| 2026-02-17 | Cavoli Stephen | S-Sale | 28,370.00 | $38.94 | $1.1M |
| 2026-02-11 | Cavoli Stephen | S-Sale | 4,573.00 | $39.14 | $178,995 |
| 2026-02-11 | Cavoli Stephen | S-Sale | 7,057.00 | $38.34 | $270,596 |
| 2026-02-12 | Cavoli Stephen | S-Sale | 14,903.00 | $37.41 | $557,482 |
| 2026-02-12 | Cavoli Stephen | S-Sale | 15,097.00 | $37.81 | $570,878 |
| 2026-02-13 | Cavoli Stephen | S-Sale | 14,530.00 | $38.23 | $555,533 |
| 2026-02-13 | Cavoli Stephen | S-Sale | 15,470.00 | $38.47 | $595,075 |
| 2026-02-04 | Lee Cindy | M-Exempt | 1,172.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | A-Award | 8,284.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | M-Exempt | 12,500.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | M-Exempt | 12,500.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | A-Award | 5,523.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | F-InKind | 2,772.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | F-InKind | 6,274.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | M-Exempt | 1,172.00 | $0.00 | $0 |
| 2026-02-04 | Lee Cindy | F-InKind | 589.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 29, 2026 4:53am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-01 | $0.24 | 2026-04-29 | 2026-06-01 | 2026-06-15 |
| 2026-02-27 | $0.24 | 2026-01-29 | 2026-02-27 | 2026-03-16 |
| 2025-12-01 | $0.24 | 2025-10-29 | 2025-12-01 | 2025-12-15 |
| 2025-08-29 | $0.24 | 2025-07-30 | 2025-09-01 | 2025-09-15 |
| 2025-05-30 | $0.24 | 2025-04-23 | 2025-05-30 | 2025-06-16 |
| 2025-02-28 | $0.24 | 2025-01-29 | 2025-02-28 | 2025-03-17 |
| 2024-11-29 | $0.24 | 2024-10-24 | 2024-12-01 | 2024-12-15 |
| 2024-08-30 | $0.24 | 2024-07-18 | 2024-09-01 | 2024-09-15 |
| 2024-05-31 | $0.24 | 2024-04-24 | 2024-06-01 | 2024-06-15 |
| 2024-02-29 | $0.24 | 2024-01-25 | 2024-03-01 | 2024-03-15 |
| 2023-11-30 | $0.24 | 2023-11-02 | 2023-12-01 | 2023-12-15 |
| 2023-08-31 | $0.24 | 2023-07-26 | 2023-09-01 | 2023-09-15 |
| 2023-05-31 | $0.24 | 2023-04-20 | 2023-06-01 | 2023-06-15 |
| 2023-02-28 | $0.24 | 2023-01-26 | 2023-03-01 | 2023-03-15 |
| 2022-11-30 | $0.24 | 2022-11-03 | 2022-12-01 | 2022-12-15 |
| 2022-08-31 | $0.24 | 2022-07-28 | 2022-09-01 | 2022-09-15 |
| 2022-05-31 | $0.24 | 2022-04-28 | 2022-06-01 | 2022-06-15 |
| 2022-02-28 | $0.24 | 2022-02-08 | 2022-03-01 | 2022-03-15 |
| 2021-11-30 | $0.24 | 2021-11-03 | 2021-12-01 | 2021-12-15 |
| 2021-08-31 | $0.24 | 2021-08-04 | 2021-09-01 | 2021-09-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for VIRT — it's generated by the pipeline (
market-narrative step).
No community reviews yet for VIRT.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30