Virtu Financial, Inc.

NYSE:VIRT Stock Report

Market Cap: US$7.7b

Virtu Financial Past Earnings Performance

Past criteria checks 4/6

Virtu Financial's earnings have been declining at an average annual rate of -7.9%, while the Capital Markets industry saw earnings growing at 4.5% annually. Revenues have been growing at an average rate of 0.5% per year. Virtu Financial's return on equity is 48.7%, and it has net margins of 17.1%.

Key information

-7.87%

Earnings growth rate

3.16%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate0.53%
Return on equity48.68%
Net Margin17.06%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

VIRT: Lower Discount Rate And Margin Resilience Will Shape Measured Future Upside

Virtu Financial’s updated analyst price target has shifted higher by about $3.60 to $48.86. Analysts point to modestly improved revenue expectations, a slightly lower assumed discount rate, firmer projected profit margins, and a marginally higher future P/E multiple as key supports for the change.

Virtu Financial: Growth Pivot Not Reflected In Forward Estimates Or Stock Price

Apr 15

VIRT: Earnings Sensitivity To Trading Volumes Will Pressure Future Returns

Analysts have lifted their average price target on Virtu Financial by $4 to $36, citing updated assumptions around a slightly lower discount rate, a modestly softer revenue trajectory, and a small improvement in projected profit margins and future P/E levels. Analyst Commentary Recent research points to a mixed tone around Virtu Financial, even as headline price targets are set using updated assumptions on discount rates, revenue paths, and profit margins.

VIRT: Lower P/E And Margin Assumptions Will Pressure Future Returns

Analysts have raised their average price target for Virtu Financial by a mid single digit dollar amount, citing updated views on revenue pressure, improved profit margin assumptions, and a lower forward P/E multiple. They maintain their fair value estimate at $36.00 per share.

VIRT: Updated Discount Rate And Margin Framework Will Support Future Upside

Analysts have raised their average price target on Virtu Financial by a mid single digit dollar amount, with the latest street research highlighting updated views on discount rates, profit margins, and future P/E expectations as key factors behind the new $57.00 target. Analyst Commentary Bullish analysts have been pointing to the recent cluster of price target increases as a sign of growing confidence in Virtu Financial's ability to support the revised US$57.00 target through its earnings profile and balance of risk and reward.

VIRT: Revised Revenue And Margin Assumptions Will Drive Future Upside

The updated analyst price target for Virtu Financial has increased from $51 to $57. Analysts attribute this change to adjustments in the discount rate, expectations for revenue trends, revised margin assumptions, and a lower projected future P/E ratio.

VIRT: Lower Discount Rate And Stable Margins Will Support Future Upside Potential

Analysts have raised their price targets on Virtu Financial. The updated fair value estimate has increased from US$42.43 to US$45.29 as they factor in a lower discount rate, slightly less severe revenue contraction, a similar profit margin profile, and a modestly reduced future P/E assumption.

Virtu Financial (NYSE:VIRT) Has Announced A Dividend Of $0.24

Feb 01
Virtu Financial (NYSE:VIRT) Has Announced A Dividend Of $0.24

VIRT: New Leadership And Product Expansion Will Drive Future Upside Potential

Analysts have reduced their price target on Virtu Financial by about $0.15, reflecting slightly softer revenue growth assumptions, a modestly improved profit margin outlook, and a lower assumed future P/E multiple. Analyst Commentary Recent Street research on Virtu Financial shows mixed views, with some bullish analysts lifting their expectations while others trim targets but still see room for upside after recent share price underperformance.

VIRT: Retail Brokerage Tailwinds And Product Expansion Will Drive Future Upside

Analysts have lifted their fair value estimate for Virtu Financial to US$51 from US$48, citing recent valuation resets, expectations for low-double digit growth in the core retail brokerage market, and plans for more aggressive product expansion under new leadership as key drivers of the updated price target framework. Analyst Commentary Bullish analysts point to the recent uplift in fair value estimates as a sign that the market may be underpricing Virtu Financial relative to its earnings potential.

VIRT: Retail Brokerage Expansion And Buybacks Will Shape Earnings Outlook

Analysts have raised their fair value estimate for Virtu Financial from approximately $30.55 to $36.00 per share. They point to attractive valuation after recent underperformance, expectations for positive long term earnings growth from a low double digit expansion in retail brokerage activity, improving profit margins, and a lower future price to earnings multiple despite softer near term revenue trends.

VIRT: Leadership Changes And Market Expansion Will Fuel A Stronger Recovery

Analysts have modestly lowered their price target for Virtu Financial from $43.75 to $42.57, citing recent share underperformance and expectations for renewed long-term growth due to core market expansion and leadership changes. Analyst Commentary Recent analyst sentiment on Virtu Financial reflects a balanced outlook, with perspectives both optimistic and cautious regarding the company’s valuation, execution, and growth potential.

VIRT: Long-Term Earnings Strength Will Drive Recovery as Shares Rebound

Analysts have modestly raised their price target for Virtu Financial from $43.63 to $43.75. They cite expectations for long-term earnings growth as valuation recovers and product expansion is anticipated.

VIRT: Long-Term Retail Brokerage Strength Will Drive Earnings Recovery

Analysts have lowered their price target for Virtu Financial from $44.88 to $43.63, citing recent underperformance. However, they anticipate long-term earnings growth driven by core retail brokerage strength and strategic product expansion.

Digital Asset Adoption Will Reshape Trading Environment Amid Risks

Analysts have slightly reduced their price target for Virtu Financial from $45.75 to $44.88. This adjustment is based on updated modeling that reflects recent quarterly reports and changing expectations in key financial metrics.

Digital Asset Adoption Will Reshape Trading Environment Amid Risks

Analysts have slightly lowered their fair value estimate for Virtu Financial from $47.14 to $45.75. This reflects updated sector outlooks and cautious views on trading volumes and margins.

Virtu Financial (NYSE:VIRT) Has Announced A Dividend Of $0.24

Aug 02
Virtu Financial (NYSE:VIRT) Has Announced A Dividend Of $0.24
User avatar

Expanding Digital Assets And Energy Will Transform Global Trading Landscape

Expansion into diverse asset classes and agency services is driving recurring revenue growth and broader market exposure.

Improved Earnings Required Before Virtu Financial, Inc. (NYSE:VIRT) Shares Find Their Feet

Jun 30
Improved Earnings Required Before Virtu Financial, Inc. (NYSE:VIRT) Shares Find Their Feet

Most Shareholders Will Probably Find That The CEO Compensation For Virtu Financial, Inc. (NASDAQ:VIRT) Is Reasonable

May 26
Most Shareholders Will Probably Find That The CEO Compensation For Virtu Financial, Inc. (NASDAQ:VIRT) Is Reasonable

Why I'm Buying Virtu: A Cash Machine Built For Market Turbulence

Apr 24

Virtu Financial: Volume Vs. Volatility

Mar 12

Virtu Financial: A Powerhouse Stock Grinding Higher

Jan 29

Virtu Financial: Shares Undervalued Into Earnings, Chart Points To 50% Upside Potential

Jan 20

Virtu Financial: Market's Loss Is My Gain

Nov 05
User avatar

Tech Expansion In India And Japan Fuels Dynamic Growth And Boosts Margins

Strategic expansion into new markets and client segments aims to diversify earnings and boost long-term revenue growth.

Virtu Financial: The Perfect Hedge In Every Environment

Sep 26

Virtu Financial: Still A Powerful Hedge You Don't Know About

Sep 09

Virtu Financial: Anti-Fragile, Uncorrelated And Outperforming

Aug 16

Virtu Financial: Overperformance With Clear Ethereum Catalyst

Jul 19

Revenue & Expenses Breakdown

How Virtu Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:VIRT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 263,0515205880
31 Dec 252,8454384990
30 Sep 252,6943955060
30 Jun 252,6183794740
31 Mar 252,4043014450
31 Dec 242,2182604270
30 Sep 241,9101764050
30 Jun 241,8321793940
31 Mar 241,6781313840
31 Dec 231,6831343860
30 Sep 231,7271563730
30 Jun 231,7301363790
31 Mar 231,8942023830
31 Dec 222,0082553840
30 Sep 222,2313294050
30 Jun 222,2553593860
31 Mar 222,2273393700
31 Dec 212,5824633710
30 Sep 212,5914723320
30 Jun 212,6355172820
31 Mar 212,9766493200
31 Dec 202,9406323840
30 Sep 202,6165043520
30 Jun 202,3903863420
31 Mar 201,8511623070
31 Dec 191,197-612630
30 Sep 191,283372960
30 Jun 191,212503160
31 Mar 191,1801052710
31 Dec 181,3132842080
30 Sep 181,2492152190
30 Jun 181,2121932070
31 Mar 181,0571691930
31 Dec 1776621400
30 Sep 17597-21010
30 Jun 1753219910
31 Mar 1756826860
31 Dec 1661232880
30 Sep 1662333910
30 Jun 1667739950
31 Mar 1668231890
31 Dec 1571521920
30 Sep 1575182930
30 Jun 15709111900

Quality Earnings: VIRT has high quality earnings.

Growing Profit Margin: VIRT's current net profit margins (17.1%) are higher than last year (12.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VIRT's earnings have declined by 7.9% per year over the past 5 years.

Accelerating Growth: VIRT's earnings growth over the past year (72.9%) exceeds its 5-year average (-7.9% per year).

Earnings vs Industry: VIRT earnings growth over the past year (72.9%) exceeded the Capital Markets industry 20.2%.

Return on Equity

High ROE: Whilst VIRT's Return on Equity (48.68%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 23:44
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Virtu Financial, Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul CondraBMO Capital Markets Equity Research
Craig SiegenthalerBofA Global Research
Christopher AllenCitigroup Inc