VIRTNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31
Virtu Financial, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$56.51−0.33 (-0.58%)
Close on Oct 19, 2026
- Market cap
- $4.95B
- P/E (TTM)
- 9.4
- Dividend yield
- 0.42%
Margins
Share of revenue, fiscal years 2012 to 2025
Net margin
12.9%−7.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.2% | +15.4% | +2.3% | +16.4% | |
| Net income | +69.4% | +20.9% | -6.3% | +36.5% | |
| EPS, diluted | +72.7% | +28.1% | -0.1% | +24.1% | |
| Free cash flow | -15.5% | -10.0% | -13.6% | +7.3% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 23.9% | 54.1% | 33.0% | |
| Return on assets | 0.9% | 6.6% | 2.6% | |
| Capex to revenue | 1.7% | 0.9% | 0.6% | |
| Diluted shares | 39M | 122M | 85M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Virtu Financial generated $3.49B from operations and spent $139.61M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$3.49B
Used
$139.61M
Capital expenditure$124.77M89%Dividends$00%Share buybacks$14.84M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.9%
×Asset turnover0.20×
×Equity multiplier12.52×
=Return on equity, FY202533.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.9% | 0.20× | 12.52× | 33.0% |
| FY2024 | 9.6% | 0.19× | 12.14× | 22.5% |
| FY2023 | 6.2% | 0.18× | 9.84× | 11.2% |
| FY2022 | 11.2% | 0.23× | 7.23× | 18.3% |
| FY2021 | 17.0% | 0.28× | 6.72× | 31.6% |
| FY2020 | 20.0% | 0.33× | 8.16× | 54.1% |
| FY2019 | -3.9% | 0.18× | 8.57× | -5.9% |
| FY2018 | 15.4% | 0.26× | 7.81× | 30.8% |
| FY2017 | 0.3% | 0.19× | 11.28× | 0.6% |
| FY2016 | 4.7% | 0.20× | 25.63× | 23.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$468.36M
- Cash generatingOperating cash flow above zero$518.39M
- Return on assets improvedROA up on the prior year1.9% → 3.0%
- Earnings backed by cashOperating cash flow above net income$518.39M vs $468.36M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise88M → 85M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.20 → 0.24