Virtu Financial, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Virtu Financial, Inc. reported revenue of $3.6B (+26.2% year on year) and net income of $912.3M (+70.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Trading income, net | $2.4B | $1.8B | $1.3B | $1.6B |
| Interest and dividends income | $508.8M | $462.1M | $462.6M | $159.1M |
| Commissions, net and technology services | $617.0M | $516.8M | $455.6M | $529.8M |
| Other, net | $69.6M | $75.7M | $73.9M | $46.9M |
| Total revenue | $3.6B | $2.9B | $2.3B | $2.4B |
| Brokerage, exchange, clearance fees and payments for order flow, net | $769.8M | $674.4M | $508.4M | $619.2M |
| Communication and data processing | $249.2M | $236.4M | $230.8M | $219.5M |
| Employee compensation and payroll taxes | $528.1M | $434.8M | $394.0M | $390.9M |
| Interest and dividends expense | $647.4M | $529.2M | $500.5M | $231.1M |
| Operations and administrative | $97.9M | $97.0M | $99.0M | $86.1M |
| Depreciation and amortization | $64.4M | $65.8M | $63.3M | $66.4M |
| Amortization of purchased intangibles and acquired capitalized software | $47.1M | $50.5M | $64.0M | $64.8M |
| Termination of office leases | ($6.0M) | $16.2M | $455.0K | $7.0M |
| Debt issue cost related to debt refinancing, prepayment and commitment fees | $6.5M | $29.5M | $8.3M | $29.9M |
| Transaction advisory fees and expenses | $414.0K | $313.0K | $314.0K | $1.1M |
| Financing interest expense on long-term borrowings | $132.9M | $97.8M | $99.3M | $92.0M |
| Total operating expenses | $2.5B | $2.2B | $2.0B | $1.8B |
| Income before income taxes and noncontrolling interest | $1.1B | $645.0M | $325.1M | $556.8M |
| Provision for income taxes | $182.1M | $110.4M | $61.2M | $88.5M |
| Net income | $912.3M | $534.5M | $263.9M | $468.3M |
| Noncontrolling interest | ($443.9M) | ($258.1M) | ($121.9M) | ($203.3M) |
| Net income available for common stockholders | $468.4M | $276.4M | $142.0M | $265.0M |
| Basic (in dollars per share) | $5.14 | $2.98 | $1.42 | $2.45 |
| Diluted (in dollars per share) | $5.13 | $2.97 | $1.42 | $2.44 |
| Basic (in shares) | 85.2M | 87.5M | 94.1M | 104.0M |
| Diluted (in shares) | 85.3M | 87.8M | 94.1M | 104.4M |
| Foreign exchange translation adjustment, net of taxes | $15.7M | ($9.0M) | $5.0M | ($24.3M) |
| Net change in unrealized cash flow hedges gain (loss), net of taxes | ($397.0K) | ($32.3M) | ($37.0M) | $90.9M |
| Comprehensive income | $927.6M | $493.2M | $231.9M | $534.9M |
| Less: Comprehensive income attributable to noncontrolling interest | ($455.2M) | ($240.9M) | ($104.4M) | ($228.1M) |
| Comprehensive income attributable to common stockholders | $472.4M | $252.3M | $127.5M | $306.8M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Trading income, net | $856.7M | $789.1M | $529.1M | $652.8M |
| Interest and dividends income | $145.9M | $127.5M | $127.4M | $128.4M |
| Commissions, net and technology services | $179.5M | $186.6M | $154.5M | $153.9M |
| Other, net | $7.8M | ($8.0M) | $13.8M | $64.5M |
| Total revenue | $1.2B | $1.1B | $824.8M | $999.6M |
| Brokerage, exchange, clearance fees and payments for order flow, net | $259.0M | $138.8M | $178.3M | $202.1M |
| Communication and data processing | $69.7M | $66.9M | $62.8M | $61.4M |
| Employee compensation and payroll taxes | $216.7M | $208.4M | $157.7M | $136.2M |
| Interest and dividends expense | $205.3M | $177.9M | $165.7M | $165.2M |
| Operations and administrative | $29.4M | $29.1M | $24.9M | $25.9M |
| Depreciation and amortization | $18.4M | $16.4M | $15.4M | $15.6M |
| Amortization of purchased intangibles and acquired capitalized software | $11.8M | $11.8M | $11.8M | $11.8M |
| Termination of office leases | $837.0K | ($16.0K) | ($6.5M) | $11.0K |
| Debt issue cost related to debt refinancing, prepayment and commitment fees | $1.5M | $1.7M | $1.5M | $1.7M |
| Transaction advisory fees and expenses | $0 | $0 | $13.0K | $59.0K |
| Financing interest expense on long-term borrowings | $34.8M | $34.8M | $33.3M | $32.6M |
| Total operating expenses | $847.4M | $685.8M | $644.8M | $652.6M |
| Income before income taxes and noncontrolling interest | $342.6M | $409.6M | $180.0M | $347.0M |
| Provision for income taxes | $57.6M | $63.0M | $30.9M | $54.0M |
| Net income | $284.9M | $346.6M | $149.1M | $293.0M |
| Noncontrolling interest | ($134.0M) | ($164.3M) | ($71.4M) | ($141.8M) |
| Net income available for common stockholders | $150.9M | $182.3M | $77.6M | $151.2M |
| Basic (in dollars per share) | $1.63 | $1.99 | $0.86 | $1.65 |
| Diluted (in dollars per share) | $1.63 | $1.99 | $0.86 | $1.65 |
| Basic (in shares) | 87.6M | 86.1M | 84.8M | 85.5M |
| Diluted (in shares) | 87.6M | 86.1M | 84.8M | 85.5M |
| Foreign exchange translation adjustment, net of taxes | ($1.5M) | ($3.4M) | ($2.7M) | $12.5M |
| Net change in unrealized cash flow hedges gain (loss), net of taxes | $0 | $0 | $264.0K | $1.1M |
| Comprehensive income | $283.4M | $343.2M | $146.6M | $306.6M |
| Less: Comprehensive income attributable to noncontrolling interest | ($133.4M) | ($162.8M) | ($70.4M) | ($147.6M) |
| Comprehensive income attributable to common stockholders | $150.0M | $180.3M | $76.2M | $159.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $872.5M | $820.4M | $981.6M |
| Cash restricted or segregated under regulations and other | $64.7M | $41.5M | $35.0M | $56.7M |
| Securities borrowed | $3.2B | $2.3B | $1.7B | $1.2B |
| Securities purchased under agreements to resell | $988.9M | $983.9M | $1.5B | $337.0M |
| Receivables from broker-dealers and clearing organizations ($328,934 and $51,595 at fair value, as of December 31, 2025 and December 31, 2024, respectively) | $1.9B | $1.1B | $737.7M | $1.1B |
| Financial instruments owned | $10.6B | $7.8B | $7.4B | $4.6B |
| Receivables from customers | $161.6M | $149.8M | $106.2M | $80.8M |
| Property, equipment and capitalized software (net of accumulated depreciation of $437,002 and $380,202 as of December 31, 2025 and December 31, 2024, respectively) | $96.4M | $91.4M | $100.4M | $85.2M |
| Operating lease right-of-use assets | $213.7M | $175.0M | $229.5M | $187.4M |
| Goodwill | $1.1B | $1.1B | $1.1B | $1.1B |
| Intangibles (net of accumulated amortization of $475,592 and $428,460 as of December 31, 2025 and December 31, 2024, respectively) | $154.9M | $203.2M | $257.5M | $321.5M |
| Deferred tax assets | $92.4M | $135.0M | $133.8M | $146.8M |
| Assets of business held for sale | $0 | $4.6M | — | — |
| Other assets ($242,121 and $158,326, at fair value, as of December 31, 2025 and December 31, 2024, respectively) | $528.3M | $357.7M | $303.7M | $303.9M |
| Total assets | $20.2B | $15.4B | $14.5B | $10.6B |
| Short-term borrowings | $12.4M | $38.5M | $0 | $3.9M |
| Securities loaned | $3.5B | $2.4B | $1.3B | $1.1B |
| Securities sold under agreements to repurchase | $1.4B | $1.3B | $1.8B | $627.5M |
| Payables to broker-dealers and clearing organizations ($181,272 and $136,736, at fair value, as of December 31, 2025 and December 31, 2024, respectively) | $998.3M | $918.6M | $1.2B | $273.8M |
| Payables to customers | $43.1M | $46.1M | $23.2M | $46.5M |
| Financial instruments sold, not yet purchased | $9.1B | $6.4B | $6.1B | $4.2B |
| Tax receivable agreement obligations | $181.9M | $196.6M | $216.5M | $238.8M |
| Accounts payable, accrued expenses and other liabilities | $652.4M | $558.1M | $451.3M | $448.3M |
| Operating lease liabilities | $261.2M | $229.8M | $278.3M | $239.2M |
| Long-term borrowings | $2.0B | $1.7B | $1.7B | $1.8B |
| Liabilities of business held for sale | $0 | $1.5M | — | — |
| Total liabilities | $18.2B | $13.9B | $13.1B | $8.9B |
| Common stock | $2.0K | $2.0K | $2.0K | $2.0K |
| Treasury stock, at cost, 55,957,738 and 52,503,426 shares at December 31, 2025 and December 31, 2024, respectively | -1.5B | -1.3B | -1.2B | -954.6M |
| Additional paid-in capital | $1.5B | $1.4B | $1.4B | $1.3B |
| Retained earnings | $1.5B | $1.2B | $1.0B | $972.3M |
| Accumulated other comprehensive income (loss) | ($3.0M) | ($7.1M) | $17.0M | $31.6M |
| Total Virtu Financial Inc. stockholders' equity | $1.6B | $1.3B | $1.2B | $1.3B |
| Noncontrolling interest | $391.1M | $233.2M | $202.6M | $309.5M |
| Total equity | $2.0B | $1.5B | $1.4B | $1.7B |
| Total liabilities and equity | $20.2B | $15.4B | $14.5B | $10.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $973.2M | $707.9M | $752.1M |
| Cash restricted or segregated under regulations and other | $63.8M | $57.0M | $47.5M | $37.7M |
| Securities borrowed | $3.8B | $3.1B | $3.1B | $2.7B |
| Securities purchased under agreements to resell | $1.9B | $1.6B | $1.3B | $1.1B |
| 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) | $3.2B | $3.8B | $2.6B | $1.3B |
| Financial instruments owned | $14.9B | $13.0B | $10.9B | $10.9B |
| Receivables from customers | $310.0M | $297.6M | $192.5M | $360.4M |
| 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) | $118.6M | $103.6M | $94.4M | $92.5M |
| Operating lease right-of-use assets | $206.4M | $201.3M | $144.8M | $156.5M |
| Goodwill | $1.1B | $1.1B | $1.1B | $1.1B |
| Intangibles (net of accumulated amortization of $499,158 and $475,592 as of June 30, 2026 and December 31, 2025, respectively) | $131.4M | $143.1M | $166.7M | $178.5M |
| Deferred tax assets | $84.3M | $86.4M | $112.9M | $118.1M |
| Other assets ($284,745 and $242,121, at fair value, as of June 30, 2026 and December 31, 2025, respectively) | $619.7M | $590.1M | $716.1M | $436.4M |
| Total assets | $27.5B | $25.1B | $21.3B | $19.3B |
| Short-term borrowings | $353.9M | $155.0M | $122.0M | $251.8M |
| Securities loaned | $4.1B | $3.7B | $3.0B | $3.1B |
| Securities sold under agreements to repurchase | $2.6B | $2.2B | $1.3B | $1.9B |
| 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) | $1.0B | $1.4B | $1.7B | $1.2B |
| Payables to customers | $226.7M | $69.6M | $78.9M | $50.5M |
| Financial instruments sold, not yet purchased | $13.6B | $12.3B | $10.4B | $8.4B |
| Tax receivable agreement obligations | $173.1M | $166.5M | $175.8M | $175.8M |
| Accounts payable, accrued expenses and other liabilities | $803.5M | $568.5M | $627.3M | $539.2M |
| Operating lease liabilities | $253.2M | $247.5M | $194.1M | $207.6M |
| Long-term borrowings | $2.0B | $2.0B | $2.0B | $1.7B |
| Total liabilities | $25.2B | $22.9B | $19.6B | $17.7B |
| Common stock | $2.0K | $2.0K | $2.0K | $2.0K |
| Treasury stock, at cost, 55,957,738 and 55,957,738 shares at June 30, 2026 and December 31, 2025, respectively | -1.5B | -1.5B | -1.5B | -1.5B |
| Additional paid-in capital | $1.6B | $1.6B | $1.5B | $1.5B |
| Retained earnings | $1.8B | $1.6B | $1.4B | $1.4B |
| Accumulated other comprehensive income (loss) | ($5.8M) | ($5.0M) | $832.0K | $2.2M |
| Total Virtu Financial Inc. stockholders' equity | $1.9B | $1.7B | $1.5B | $1.4B |
| Noncontrolling interest | $457.3M | $461.6M | $245.9M | $226.0M |
| Total equity | $2.3B | $2.2B | $1.7B | $1.6B |
| Total liabilities and equity | $27.5B | $25.1B | $21.3B | $19.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $912.3M | $534.5M | $263.9M | $468.3M |
| Depreciation and amortization | $64.4M | $65.8M | $63.3M | $66.4M |
| Amortization of purchased intangibles and acquired capitalized software | $47.1M | $50.5M | $64.0M | $64.8M |
| Debt issue cost related to debt refinancing and prepayment | $0 | $22.6M | $1.1M | $24.3M |
| Amortization of debt issuance costs and deferred financing fees | $7.1M | $6.9M | $11.4M | $6.9M |
| Termination of office leases | ($6.0M) | $16.2M | $455.0K | $4.7M |
| Share-based compensation | $100.4M | $75.5M | $63.9M | $67.2M |
| Deferred taxes | $39.3M | $4.2M | $19.1M | ($3.5M) |
| Gain on sale of RFQ-hub | ($67.0M) | — | — | $0 |
| Other | ($9.2M) | ($37.1M) | ($12.8M) | $11.4M |
| Securities borrowed | ($896.6M) | ($572.1M) | ($534.8M) | $161.6M |
| Securities purchased under agreements to resell | ($5.0M) | $528.2M | ($1.2B) | ($217.5M) |
| Receivables from broker-dealers and clearing organizations | ($795.9M) | ($363.3M) | $290.2M | ($1.1M) |
| Trading assets, at fair value | ($2.7B) | ($444.0M) | ($2.7B) | ($373.6M) |
| Receivables from customers | ($11.8M) | ($43.6M) | ($25.4M) | $65.6M |
| Operating lease right-of-use assets | ($39.1M) | $44.4M | ($42.1M) | $28.7M |
| Other assets | ($123.2M) | ($57.4M) | $20.3M | ($62.8M) |
| Securities loaned | $1.0B | $1.1B | $269.0M | ($81.6M) |
| Securities sold under agreements to repurchase | $133.9M | ($524.2M) | $1.2B | $113.2M |
| Payables to broker-dealers and clearing organizations | $82.3M | ($244.1M) | $886.2M | ($276.6M) |
| Payables to customers | ($3.0M) | $22.9M | ($23.3M) | ($8.5M) |
| Trading liabilities, at fair value | $2.7B | $369.6M | $1.9B | $686.2M |
| Operating lease liabilities | $31.3M | ($48.5M) | $39.1M | ($33.3M) |
| Accounts payable, accrued expenses and other liabilities | $95.7M | $89.6M | ($1.5M) | ($4.1M) |
| Net cash provided by (used in) operating activities | $518.4M | $599.0M | $491.8M | $706.8M |
| Development of capitalized software | ($40.7M) | ($41.9M) | ($38.4M) | ($37.7M) |
| Acquisition of property and equipment | ($22.8M) | ($12.4M) | ($37.8M) | ($27.2M) |
| Proceeds from sale of RFQ-hub | $37.9M | — | — | $0 |
| Other investing activities | ($15.1M) | ($7.5M) | ($18.4M) | $35.3M |
| Net cash provided by (used in) investing activities | ($40.6M) | ($61.8M) | ($94.5M) | ($29.5M) |
| Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest | ($349.3M) | ($299.4M) | ($306.1M) | ($375.3M) |
| Repurchase of Class C common stock | ($1.6M) | $0 | ($1.6M) | ($8.3M) |
| Purchase of treasury stock | ($188.8M) | ($191.1M) | ($229.0M) | ($480.5M) |
| Stock options exercised | $15.5M | $13.2M | $0 | $5.1M |
| Short-term borrowings, net | ($26.2M) | $38.5M | ($3.9M) | ($59.1M) |
| Proceeds from long-term borrowings | $1.5B | $1.7B | $0 | $1.8B |
| Repayment of long-term borrowings | ($1.2B) | ($1.7B) | ($73.0M) | ($1.6B) |
| Proceeds from interest rate swaps | $0 | $2.0M | $55.8M | — |
| Payment of tax receivable agreement obligations | ($20.8M) | ($20.2M) | ($23.3M) | ($21.3M) |
| Debt issuance costs | ($9.9M) | ($27.4M) | ($3.9M) | ($35.7M) |
| Net cash provided by (used in) financing activities | ($281.0M) | ($469.6M) | ($585.0M) | ($735.7M) |
| Effect of exchange rate changes on cash and cash equivalents | $15.7M | ($9.0M) | $5.0M | ($24.2M) |
| Net increase (decrease) in cash and cash equivalents | $212.4M | $58.5M | ($182.8M) | ($82.7M) |
| Cash, cash equivalents, and restricted or segregated cash, beginning of period | $914.0M | $855.5M | $1.0B | $1.1B |
| Cash, cash equivalents, and restricted or segregated cash, end of period | $1.1B | $914.0M | $855.5M | $1.0B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $631.5M | $346.6M | $631.7M | $482.6M |
| Depreciation and amortization | $34.8M | $16.4M | $47.0M | $31.6M |
| Amortization of purchased intangibles and acquired capitalized software | $23.6M | $11.8M | $35.3M | $23.6M |
| Debt issue cost related to debt refinancing and prepayment | $200.0K | $200.0K | $0 | $0 |
| Amortization of debt issuance costs and deferred financing fees | $3.8M | $1.8M | $5.2M | $3.4M |
| Termination of office leases | $821.0K | ($16.0K) | ($6.5M) | $21.0K |
| Share-based compensation | $67.8M | $34.5M | $71.3M | $44.5M |
| Deferred taxes | $8.2M | $6.0M | $18.8M | $13.6M |
| Gain on sale of RFQ-hub | $0 | — | ($67.0M) | ($67.0M) |
| Other | $11.8M | $10.0M | ($9.0M) | $7.8M |
| Securities borrowed | ($583.0M) | $135.8M | ($804.1M) | ($359.8M) |
| Securities purchased under agreements to resell | ($868.1M) | ($655.3M) | ($282.2M) | ($100.4M) |
| Receivables from broker-dealers and clearing organizations | ($1.3B) | ($1.9B) | ($1.5B) | ($235.4M) |
| Trading assets, at fair value | ($4.3B) | ($2.5B) | ($3.1B) | ($3.1B) |
| Receivables from customers | ($148.4M) | ($136.1M) | ($42.7M) | ($210.6M) |
| Operating lease right-of-use assets | $6.5M | $12.4M | $30.2M | $18.5M |
| Other assets | ($80.4M) | ($70.3M) | ($307.0M) | ($56.3M) |
| Securities loaned | $611.8M | $245.5M | $541.6M | $686.5M |
| Securities sold under agreements to repurchase | $1.2B | $808.9M | $4.9M | $635.3M |
| Payables to broker-dealers and clearing organizations | $38.1M | $402.8M | $760.5M | $317.1M |
| Payables to customers | $183.6M | $26.5M | $32.8M | $4.4M |
| Trading liabilities, at fair value | $4.5B | $3.2B | $4.0B | $2.0B |
| Operating lease liabilities | ($8.0M) | ($13.7M) | ($35.7M) | ($22.2M) |
| Accounts payable, accrued expenses and other liabilities | $149.1M | ($60.1M) | $90.7M | $4.0M |
| Net cash provided by (used in) operating activities | $117.0M | ($149.0K) | $9.0M | $77.7M |
| Development of capitalized software | ($31.8M) | ($26.0M) | ($35.1M) | ($29.8M) |
| Acquisition of property and equipment | ($24.6M) | ($5.6M) | ($18.9M) | ($10.9M) |
| Proceeds from sale of RFQ-hub | $0 | — | $37.9M | $37.9M |
| Other investing activities | ($23.3M) | ($4.4M) | ($21.6M) | ($8.6M) |
| Net cash provided by (used in) investing activities | ($79.7M) | ($36.1M) | ($37.8M) | ($11.4M) |
| Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest | ($274.5M) | ($114.5M) | ($326.7M) | ($254.4M) |
| Purchase of treasury stock | ($57.8M) | ($55.8M) | ($188.3M) | ($157.6M) |
| Stock options exercised | $0 | $0 | $15.5M | $15.5M |
| Short-term borrowings, net | $343.0M | $144.5M | $86.5M | $216.8M |
| Proceeds from long-term borrowings | $0 | $0 | $1.5B | $1.2B |
| Repayment of long-term borrowings | ($15.4M) | ($15.4M) | ($1.2B) | ($1.2B) |
| Payment of tax receivable agreement obligations | ($21.0M) | ($15.4M) | ($20.8M) | ($20.8M) |
| Debt issuance costs | $0 | $0 | ($8.9M) | ($5.7M) |
| Net cash provided by (used in) financing activities | ($25.8M) | ($56.6M) | ($144.4M) | ($207.8M) |
| Effect of exchange rate changes on cash and cash equivalents | ($4.9M) | ($3.4M) | $14.6M | $17.3M |
| Net increase (decrease) in cash and cash equivalents | $6.6M | ($96.2M) | ($158.6M) | ($124.2M) |
| Cash, cash equivalents, and restricted or segregated cash, beginning of period | $1.1B | $1.1B | $914.0M | $914.0M |
| Cash, cash equivalents, and restricted or segregated cash, end of period | $1.1B | $1.0B | $755.4M | $789.8M |
| Cash paid for interest | $372.1M | $165.0M | $472.2M | $313.2M |
| Cash paid for taxes | $81.4M | $11.9M | $90.3M | $75.2M |
Virtu Financial, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.