Virtu Financial, Inc. (VIRT) Income Statement
VIRT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVIRT revenue and net income
Where VIRT's revenue goes
2025Each bar shows an amount and its share of revenue. VIRT kept 12.9% of revenue as net income.
VIRT profit margins
VIRT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.2% | +15.4% | +2.3% | +16.4% |
| Gross profit | −1.4% | +8.7% | −3.5% | +13.9% |
| Operating income | −6.8% | +10.2% | −1.9% | +13.6% |
| Net income | +69.4% | +20.9% | −6.3% | +36.5% |
| EPS (diluted) | +61.4% | +24.4% | −0.1% | +14.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VIRT quarterly EPS vs estimates
Virtu Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.29).
VIRT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.63B | $2.88B | $2.29B | $2.36B | $2.81B | $3.24B | $1.52B | $1.88B | $1.03B | $702.3M |
| Cost of revenue | $1.89B | $1.11B | $902.4M | $1.01B | $1.12B | $1.15B | $770.6M | $592.0M | $434.4M | $306.5M |
| Gross profit | $1.74B | $1.77B | $1.39B | $1.35B | $1.69B | $2.09B | $746.9M | $1.29B | $593.6M | $395.8M |
| Research & development | — | — | $37.7M | $40.2M | $39.4M | $29.3M | $21.0M | $20.4M | $10.1M | $10.1M |
| Sales, general & admin | $249.2M | $236.4M | $230.8M | $219.5M | $212.0M | $597.0M | $209.4M | $176.1M | $131.5M | $71.0M |
| Total operating expenses | $514.5M | $449.7M | $457.0M | $436.8M | $437.6M | $2.09B | $449.3M | $330.2M | $284.1M | $124.3M |
| Operating income | $1.23B | $1.32B | $934.0M | $917.9M | $1.25B | $1.35B | $297.6M | $956.6M | $309.4M | $271.5M |
| Interest expense | $139.4M | $627.0M | $599.8M | $323.1M | $219.7M | $213.4M | $279.9M | $213.6M | $156.1M | $84.9M |
| Income before taxes | $1.09B | $645.0M | $325.1M | $556.8M | $996.9M | $1.38B | −$116.0M | $696.4M | $113.2M | $179.6M |
| Income taxes | $182.1M | $110.4M | $61.2M | $88.5M | $169.7M | $261.9M | −$12.3M | $76.2M | $94.3M | $21.3M |
| Net income | $468.4M | $276.4M | $142.0M | $265.0M | $476.9M | $649.2M | −$58.6M | $289.4M | $2.9M | $33.0M |
| EBITDA | $1.35B | $1.39B | $1.05B | $1.01B | $1.35B | $1.74B | $300.2M | $997.3M | $332.0M | $294.4M |
| EPS (diluted) | $5.73 | $3.55 | $1.83 | $2.98 | $4.56 | $5.77 | $0.98 | $1.96 | $0.59 | $0.99 |
| Gross margin | 48.0% | 61.4% | 60.7% | 57.3% | 60.1% | 64.4% | 49.2% | 68.5% | 57.7% | 56.4% |
| Operating margin | 33.8% | 45.8% | 40.7% | 38.8% | 44.5% | 41.6% | 19.6% | 50.9% | 30.1% | 38.7% |
| Net margin | 12.9% | 9.6% | 6.2% | 11.2% | 17.0% | 20.0% | −3.9% | 15.4% | 0.3% | 4.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.10B | $969.9M | $824.8M | $999.6M | $837.9M | $834.3M | $706.8M | $693.0M | $642.8M | $536.0M | $630.2M |
| Cost of revenue | $594.0M | $411.8M | $476.4M | $335.9M | $338.3M | $341.2M | $327.7M | $284.4M | $256.5M | $240.6M | $214.9M | $220.5M |
| Gross profit | $597.0M | $683.5M | $493.4M | $488.9M | $661.3M | $496.6M | $506.6M | $422.4M | $436.5M | $402.2M | $321.0M | $409.7M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $37.7M | — |
| Sales, general & admin | $69.7M | $66.9M | $65.2M | $62.8M | $61.4M | $59.8M | $59.3M | $59.6M | $59.3M | $58.2M | $59.9M | $57.1M |
| Total operating expenses | $216.0M | $237.4M | $110.6M | $114.9M | $114.7M | $109.7M | $116.0M | $112.9M | $109.6M | $111.3M | $118.9M | $111.3M |
| Operating income | $381.0M | $446.1M | $382.8M | $374.0M | $546.5M | $387.0M | $390.6M | $309.6M | $326.9M | $290.9M | $202.2M | $298.4M |
| Interest expense | $36.0M | $36.5M | $38.8M | $199.0M | $197.8M | $161.2M | $170.0M | $160.6M | $147.1M | $149.3M | $182.4M | $158.2M |
| Income before taxes | $343.0M | $409.6M | $343.6M | $180.0M | $347.0M | $223.7M | $202.6M | $147.2M | $155.4M | $139.8M | $16.8M | $138.1M |
| Income taxes | $58.0M | $63.0M | $63.0M | $30.9M | $54.0M | $34.1M | $26.5M | $28.1M | $27.3M | $28.5M | $10.1M | $20.5M |
| Net income | $285.0M | $182.3M | $139.9M | $77.6M | $151.2M | $99.7M | $94.1M | $60.0M | $66.6M | $55.8M | $5.5M | $61.9M |
| EBITDA | $409.2M | $474.3M | $411.6M | $406.2M | $572.2M | $412.7M | $401.6M | $336.1M | $330.7M | $319.8M | $231.3M | $328.1M |
| EPS (diluted) | $1.44 | $2.24 | $1.85 | $1.05 | $1.53 | $1.30 | $1.14 | $0.82 | $0.83 | $0.76 | $0.27 | $0.45 |
| Gross margin | 50.1% | 62.4% | 50.9% | 59.3% | 66.2% | 59.3% | 60.7% | 59.8% | 63.0% | 62.6% | 59.9% | 65.0% |
| Operating margin | 32.0% | 40.7% | 39.5% | 45.3% | 54.7% | 46.2% | 46.8% | 43.8% | 47.2% | 45.3% | 37.7% | 47.4% |
| Net margin | 23.9% | 16.6% | 14.4% | 9.4% | 15.1% | 11.9% | 11.3% | 8.5% | 9.6% | 8.7% | 1.0% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VIRT's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VIRT financial results
In fiscal year 2025 (ended December 31, 2025), Virtu Financial reported revenue of $3.6 billion, up 26.2% from the year before. It had net income of $468.4 million (up 69.4%), a net profit margin of 12.9%. Diluted earnings per share came to $5.73. Over five years revenue grew at an average rate of 2.3% a year.
See the VIRT stock overview for the latest quote and news, or the VIRT chart for price history and technical indicators.
VIRT income statement FAQ
What is Virtu Financial's annual revenue?
Virtu Financial reported total revenue of $3.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 26.2% from $2.9 billion the previous year.
Is Virtu Financial profitable?
Yes. Virtu Financial reported net income of $468.4 million in fiscal 2025, a net profit margin of 12.9%; its operating margin was 33.8%.
What is Virtu Financial's gross margin?
Virtu Financial's gross margin was 48.0% in fiscal 2025: for every $100 of revenue, Virtu Financial kept $48 after the direct cost of its products and services.
How fast is Virtu Financial growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $3.2 billion to $3.6 billion.
What are Virtu Financial's earnings per share?
Virtu Financial earned $5.73 per diluted share in fiscal 2025, compared with $3.55 a year earlier.
When will Virtu Financial report its next earnings?
Virtu Financial is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Virtu Financial's fiscal year end?
Virtu Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.