VIRT Chart
About

Virtu Financial, Inc. operates as a financial services company in the United States, Ireland, and internationally. It operates in two segments, Market Making and Execution Services. The company is involved in buying and selling securities to broker dealers, banks and institutions; trading direct to clients, exchanges, alternative trading systems, and other market centers; cash trading business; and pre- and post-trade services, data products, and compliance tools. It also provides agency execution services and trading venues for transparent trading in global equities, ETFs, fixed income, currencies, and commodities to institutions, banks, and broker dealers; agency-based and execution-only trading; workflow technology; trading analytics; foreign exchange, futures, and cryptocurrency products. The company was founded in 2008 and is headquartered in New York, New York.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 9.01B
Enterprise Value -4.20B Income 437.76M Sales 2.85B
Book/sh 18.63 Cash/sh 183.11 Dividend Yield 229.00%
Payout 18.71% Employees 1027 IPO —
P/E 8.18 Forward P/E 8.23 PEG —
P/S 3.17 P/B 2.25 P/C —
EV/EBITDA — EV/Sales -1.48 Quick Ratio 1.13
Current Ratio 1.14 Debt/Eq 387.01 LT Debt/Eq —
EPS (ttm) 5.13 EPS next Y 5.10 EPS Growth 49.70%
Revenue Growth 22.90% Earnings 2026-04-22 ROA 5.14%
ROE 52.72% ROIC — Gross Margin 60.74%
Oper. Margin 51.04% Profit Margin 16.46% Shs Outstand 86.60M
Shs Float 82.45M Short Float 4.93% Short Ratio 3.03
Short Interest — 52W High 45.77 52W Low 31.55
Beta 0.58 Avg Volume 1.15M Volume 1.22M
Target Price $45.29 Recom Hold Prev Close $41.01
Price $41.94 Change 2.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$45.29
Mean price target
2. Current target
$41.94
Latest analyst target
3. DCF / Fair value
$76.95
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$41.94
Low
$36.00
High
$57.00
Mean
$45.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main Goldman Sachs Neutral → Neutral $40
2026-01-22 main Morgan Stanley Underweight → Underweight $36
2026-01-14 main Piper Sandler Overweight → Overweight $54
2025-10-06 main Goldman Sachs Neutral → Neutral $38
2025-08-04 main UBS Neutral → Neutral $45
2025-07-15 main Piper Sandler Overweight → Overweight $48
2025-07-15 main Morgan Stanley Underweight → Underweight $35
2025-05-15 down B of A Securities Buy → Neutral $43
2025-04-24 main UBS Neutral → Neutral $40
2025-04-24 main Morgan Stanley Underweight → Underweight $28
2025-04-24 main JP Morgan Neutral → Neutral $39
2025-04-24 main Evercore ISI Group In-Line → In-Line $42
2025-04-02 main B of A Securities Buy → Buy $48
2025-02-06 main Morgan Stanley Equal-Weight → Equal-Weight $33
2025-01-07 main Piper Sandler Overweight → Overweight $40
2024-10-24 reit Piper Sandler Overweight → Overweight $35
2024-10-17 main Morgan Stanley Equal-Weight → Equal-Weight $25
2024-10-09 main Citigroup Buy → Buy $37
2024-10-08 main Piper Sandler Overweight → Overweight $35
2024-10-03 main B of A Securities Buy → Buy $35
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 200000 7776420.0 — Sale at price 38.88 per share. MOLLUSO JOSEPH President — 2026-02-19 00:00:00 D
1 28370 1104657.0 — Sale at price 38.94 per share. CAVOLI STEPHEN Officer — 2026-02-17 00:00:00 D
2 71630 2728560.0 — Sale at price 37.41 - 39.14 per share. CAVOLI STEPHEN Officer — 2026-02-13 00:00:00 D
3 2950 110625.0 — Sale at price 37.50 per share. GAMBALE VIRGINIA Director — 2026-02-05 00:00:00 D
4 15062 — — Stock Award(Grant) at price 0.00 per share. MOLLUSO JOSEPH President — 2026-02-04 00:00:00 D
5 15062 — — Stock Award(Grant) at price 0.00 per share. CAVOLI STEPHEN Officer — 2026-02-04 00:00:00 D
6 15062 — — Stock Award(Grant) at price 0.00 per share. FAIRCLOUGH BRETT President — 2026-02-04 00:00:00 D
7 5523 — — Stock Award(Grant) at price 0.00 per share. LEE CINDY Chief Financial Officer — 2026-02-04 00:00:00 D
8 21394 — — Stock Award(Grant) at price 0.00 per share. SIMONS AARON WYATT Chief Executive Officer — 2026-02-04 00:00:00 D
9 19119 nan — — FAIRCLOUGH BRETT President — 2026-02-04 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems924.29K-2.83M-144.77K-1.29M
TaxRateForCalcs0.170.170.190.16
NormalizedEBITDA1.98B1.40B1.05B1.02B
TotalUnusualItems5.57M-16.54M-769.00K-8.11M
TotalUnusualItemsExcludingGoodwill5.57M-16.54M-769.00K-8.11M
NetIncomeFromContinuingOperationNetMinorityInterest468.36M276.42M142.04M265.03M
ReconciledDepreciation111.55M116.29M127.27M131.21M
ReconciledCostOfRevenue1.30B1.11B902.40M1.01B
EBITDA1.99B1.39B1.05B1.01B
EBIT1.87B1.27B924.89M879.89M
NetInterestIncome-786.82M-656.46M-608.08M-353.00M
InterestExpense780.31M626.98M599.76M323.10M
NormalizedIncome463.72M290.12M142.66M271.84M
NetIncomeFromContinuingAndDiscontinuedOperation468.36M276.42M142.04M265.03M
TotalExpenses1.76B1.56B1.36B1.45B
DilutedAverageShares85.32M87.82M94.08M104.42M
BasicAverageShares85.22M87.48M94.08M104.00M
DilutedEPS5.132.971.422.44
BasicEPS5.142.981.422.45
DilutedNIAvailtoComStockholders437.76M260.39M133.88M255.22M
NetIncomeCommonStockholders437.76M260.39M133.88M255.22M
OtherunderPreferredStockDividend30.60M16.02M8.15M9.81M
NetIncome468.36M276.42M142.04M265.03M
MinorityInterests-443.90M-258.12M-121.89M-203.31M
NetIncomeIncludingNoncontrollingInterests912.26M534.53M263.92M468.33M
NetIncomeContinuousOperations912.26M534.53M263.92M468.33M
TaxProvision182.06M110.44M61.21M88.47M
PretaxIncome1.09B644.97M325.13M556.80M
OtherIncomeExpense5.57M-16.54M-769.00K-8.11M
SpecialIncomeCharges5.57M-16.54M-769.00K-8.11M
OtherSpecialCharges-5.98M16.22M455.00K6.98M
RestructuringAndMergernAcquisition414.00K313.00K314.00K1.12M
NetNonOperatingInterestIncomeExpense-786.82M-656.46M-608.08M-353.00M
TotalOtherFinanceCost6.51M29.48M8.32M29.91M
InterestExpenseNonOperating780.31M626.98M599.76M323.10M
OperatingIncome1.88B1.32B933.98M917.91M
OperatingExpense458.68M449.74M457.00M436.79M
OtherOperatingExpenses97.92M97.00M98.97M86.07M
DepreciationAmortizationDepletionIncomeStatement111.55M116.29M127.27M131.21M
DepreciationAndAmortizationInIncomeStatement111.55M116.29M127.27M131.21M
Amortization47.13M50.47M63.96M64.84M
AmortizationOfIntangiblesIncomeStatement47.13M50.47M63.96M64.84M
DepreciationIncomeStatement64.42M65.82M63.31M66.38M
SellingGeneralAndAdministration249.21M236.45M230.76M219.50M
GeneralAndAdministrativeExpense249.21M236.45M230.76M219.50M
OtherGandA249.21M236.45M230.76M219.50M
GrossProfit2.33B1.77B1.39B1.35B
CostOfRevenue1.30B1.11B902.40M1.01B
TotalRevenue3.63B2.88B2.29B2.36B
OperatingRevenue3.56B2.80B2.22B2.32B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber55.96M52.50M45.81M34.52M
OrdinarySharesNumber84.92M84.98M89.09M98.55M
ShareIssued140.88M137.48M134.90M133.07M
NetDebt7.65B5.93B4.03B2.51B
TotalDebt8.98B7.04B5.13B3.73B
TangibleBookValue278.42M-97.94M-203.72M-128.51M
InvestedCapital10.30B8.06B6.06B4.83B
WorkingCapital1.30B409.82M-159.28M1.22B
NetTangibleAssets278.42M-97.94M-203.72M-128.51M
CapitalLeaseObligations261.17M229.82M278.32M239.20M
CommonStockEquity1.58B1.25B1.20B1.34B
TotalCapitalization10.29B8.02B6.06B4.83B
TotalEquityGrossMinorityInterest1.97B1.49B1.41B1.65B
MinorityInterest391.12M233.20M202.63M309.53M
StockholdersEquity1.58B1.25B1.20B1.34B
GainsLossesNotAffectingRetainedEarnings-3.01M-7.06M17.05M31.60M
TreasuryStock1.48B1.34B1.17B954.64M
RetainedEarnings1.52B1.17B1.00B972.32M
AdditionalPaidInCapital1.54B1.43B1.35B1.29B
CapitalStock2.00K2.00K2.00K2.00K
CommonStock2.00K2.00K2.00K2.00K
TotalLiabilitiesNetMinorityInterest18.18B13.87B13.06B8.93B
TotalNonCurrentLiabilitiesNetMinorityInterest16.29B12.11B11.20B7.92B
OtherNonCurrentLiabilities7.11B5.11B6.07B4.20B
DerivativeProductLiabilities216.99M5.24M
NonCurrentDeferredLiabilities343.00K65.00K
NonCurrentDeferredTaxesLiabilities343.00K65.00K
LongTermDebtAndCapitalLeaseObligation8.96B7.00B5.13B3.72B
LongTermCapitalLeaseObligation261.17M229.82M278.32M239.20M
LongTermDebt8.70B6.77B4.85B3.48B
CurrentLiabilities1.89B1.76B1.86B1.01B
OtherCurrentLiabilities1.53M
CurrentDebtAndCapitalLeaseObligation12.38M38.54M1.80B3.94M
CurrentDebt12.38M38.54M1.80B3.94M
OtherCurrentBorrowings1.80B627.55M514.33M
LineOfCredit12.38M38.54M0.003.94M
PayablesAndAccruedExpenses1.88B1.72B1.86B1.01B
Payables1.88B1.72B1.86B1.01B
OtherPayable23.23M46.52M55.00M
TotalTaxPayable181.85M196.59M216.48M238.76M
AccountsPayable1.69B1.52B1.64B769.00M
TotalAssets20.15B15.36B14.47B10.58B
TotalNonCurrentAssets16.97B13.19B12.77B8.35B
OtherNonCurrentAssets528.34M357.74M303.72M303.92M
NonCurrentDeferredAssets92.42M135.05M133.76M146.80M
NonCurrentDeferredTaxesAssets92.42M135.05M133.76M146.80M
FinancialAssets104.54M95.49M
InvestmentsAndAdvances14.63B10.99B10.59B6.16B
InvestmentinFinancialAssets14.63B10.99B10.59B6.16B
AvailableForSaleSecurities4.18B3.28B3.23B1.52B
TradingSecurities10.45B7.71B7.36B4.63B
GoodwillAndOtherIntangibleAssets1.30B1.35B1.41B1.47B
OtherIntangibleAssets154.93M203.19M257.52M321.48M
Goodwill1.15B1.15B1.15B1.15B
NetPPE310.08M266.46M329.86M272.64M
AccumulatedDepreciation-437.00M-380.20M-367.78M-460.76M
GrossPPE747.09M646.66M697.64M733.40M
Leases22.36M21.14M22.19M18.37M
OtherProperties213.71M175.05M229.50M187.44M
MachineryFurnitureEquipment511.02M450.47M445.96M527.59M
Properties0.000.000.000.00
CurrentAssets3.18B2.17B1.70B2.23B
AssetsHeldForSaleCurrent0.004.62M0.00
RestrictedCash64.74M41.48M35.02M56.66M
Receivables2.06B1.25B843.97M1.20B
OtherReceivables1.12B1.03B
AccountsReceivable2.06B1.25B843.97M1.20B
GrossAccountsReceivable2.06B
CashCashEquivalentsAndShortTermInvestments1.06B872.51M820.44M981.58M
CashAndCashEquivalents1.06B872.51M820.44M981.58M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow454.89M544.68M415.65M641.94M
RepurchaseOfCapitalStock-190.36M-191.14M-230.58M-488.80M
RepaymentOfDebt-1.25B-1.73B-73.00M-1.60B
IssuanceOfDebt1.54B1.74B0.001.80B
CapitalExpenditure-63.50M-54.31M-76.13M-64.86M
InterestPaidSupplementalData654.62M586.28M632.26M246.99M
IncomeTaxPaidSupplementalData121.95M43.42M38.69M103.97M
EndCashPosition1.13B913.99M855.46M1.04B
BeginningCashPosition913.99M855.46M1.04B1.12B
EffectOfExchangeRateChanges15.73M-9.05M4.96M-24.24M
ChangesInCash196.72M67.58M-187.74M-58.47M
FinancingCashFlow-281.05M-469.56M-585.03M-735.75M
CashFlowFromContinuingFinancingActivities-281.05M-469.56M-585.03M-735.75M
NetOtherFinancingCharges-30.64M-45.66M28.63M-17.88M
ProceedsFromStockOptionExercised15.46M13.21M0.005.11M
CashDividendsPaid-349.35M-299.40M-306.14M-375.28M
CommonStockDividendPaid-349.35M-299.40M-306.14M-375.28M
NetCommonStockIssuance-190.36M-191.14M-230.58M-488.80M
CommonStockPayments-190.36M-191.14M-230.58M-488.80M
NetIssuancePaymentsOfDebt273.84M53.43M-76.94M141.11M
NetShortTermDebtIssuance-26.16M38.54M-3.94M-59.11M
ShortTermDebtPayments-59.11M-2.02M
NetLongTermDebtIssuance300.00M14.89M-73.00M200.23M
LongTermDebtPayments-1.25B-1.73B-73.00M-1.60B
LongTermDebtIssuance1.54B1.74B0.001.80B
InvestingCashFlow-40.62M-61.85M-94.48M-29.53M
CashFlowFromContinuingInvestingActivities-40.62M-61.85M-94.48M-29.53M
NetOtherInvestingChanges-15.05M-7.53M-18.36M35.33M
NetInvestmentPurchaseAndSale0.000.00
SaleOfInvestment0.000.00
NetBusinessPurchaseAndSale37.93M0.000.000.00
SaleOfBusiness37.93M0.000.000.00
PurchaseOfBusiness0.00
NetPPEPurchaseAndSale-22.80M-12.43M-37.77M-27.20M
PurchaseOfPPE-22.80M-12.43M-37.77M-27.20M
CapitalExpenditureReported-40.70M-41.89M-38.35M-37.66M
OperatingCashFlow518.39M598.99M491.78M706.80M
CashFlowFromContinuingOperatingActivities518.39M598.99M491.78M706.80M
ChangeInWorkingCapital-570.06M-140.06M17.44M-3.83M
ChangeInOtherCurrentLiabilities3.88B899.35M3.35B684.48M
ChangeInOtherCurrentAssets-3.81B-500.94M-4.46B-463.62M
ChangeInPayablesAndAccruedExpense174.94M-131.59M861.38M-289.22M
ChangeInPayable174.94M-131.59M861.38M-289.22M
ChangeInAccountPayable174.94M-131.59M861.38M-289.22M
ChangeInReceivables-807.63M-406.88M264.78M64.54M
ChangesInAccountReceivables-807.63M-406.88M264.78M64.54M
OtherNonCashItems-8.06M8.50M146.00K47.33M
StockBasedCompensation100.40M75.47M63.93M67.22M
DeferredTax39.27M4.25M19.07M-3.47M
DeferredIncomeTax39.27M4.25M19.07M-3.47M
DepreciationAmortizationDepletion111.55M116.29M127.27M131.21M
DepreciationAndAmortization111.55M116.29M127.27M131.21M
AmortizationCashFlow47.13M50.47M63.96M64.84M
AmortizationOfIntangibles47.13M50.47M63.96M64.84M
Depreciation64.42M65.82M63.31M66.38M
OperatingGainsLosses-66.99M
GainLossOnSaleOfBusiness-66.99M0.000.000.00
NetIncomeFromContinuingOperations912.26M534.53M263.92M468.33M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for VIRT
Date User Asset Broker Type Position Size Entry Price Patterns