Virtu Financial VIRT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenue from contracts with customers by Business | ||||||
| Execution Services | $187.13M+18.3% | $158.19M+2.4% | $154.51M-28.0% | $214.49M+52.1% | $141.01M+3.2% | |
| Market Making | $915.7M+14.0% | $803.44M+20.3% | $668.02M-15.1% | $786.59M+13.8% | $691.17M-2.2% | |
| Income before income taxes and noncontrolling interest by Business | ||||||
| Execution Services | 4,109,000,000%+298,900,000pp | 3,810,100,000%+969,100,000pp | 2,841,000,000%-6,571,600,000pp | 9,412,600,000%+6,420,100,000pp | 2,992,500,000%+1,128,300,000pp | |
| Market Making | 37,644,400,000%+8,093,900,000pp | 29,550,500,000%+14,505,800,000pp | 15,044,700,000%-10,501,500,000pp | 25,546,200,000%+6,628,200,000pp | 18,918,000,000%-482,200,000pp | |
| Other segment items by Business | ||||||
| Execution Services | $108.39M+25.1% | $86.66M-7.9% | $94.05M+5.4% | $89.21M+8.5% | $82.23M-7.3% | |
| Market Making | $260.15M+37.9% | $188.63M-8.3% | $205.67M+5.5% | $194.95M+9.7% | $177.64M-7.2% | |
| Operating Expenses by Business | ||||||
| Execution Services | $146.04M+21.6% | $120.09M-4.8% | $126.1M+4.8% | $120.36M+8.4% | $111.08M-5.9% | |
| Market Making | $539.25M+6.2% | $507.93M-1.9% | $517.57M-2.6% | $531.13M+5.8% | $501.99M-2.1% | |
| Brokerage, exchange, clearance fees and payments for order flow, net by Business | ||||||
| Execution Services | $36.07M+14.5% | $31.5M+2.5% | $30.73M+3.1% | $29.81M+8.1% | $27.57M-1.1% | |
| Market Making | $102.76M-24.5% | $136.01M-7.8% | $147.52M-14.4% | $172.31M-11.3% | $194.3M+8.4% | |
| Interest and dividends expense by Business | ||||||
| Execution Services | $1.59M-17.7% | $1.93M+46.4% | $1.32M-1.9% | $1.34M+5.1% | $1.28M-10.6% | |
| Market Making | $176.34M-3.8% | $183.29M+11.5% | $164.37M+0.3% | $163.87M+26.0% | $130.05M-8.4% | |
| Goodwill by Business | ||||||
| Execution Services | $393.63M0.0% | $393.63M0.0% | $393.63M0.0% | $393.63M0.0% | $393.63M0.0% | |
| Market Making | $755.29M0.0% | $755.29M0.0% | $755.29M0.0% | $755.29M0.0% | $755.29M0.0% | |
| Total revenue from contracts with customers by Product | ||||||
| Analytics | $9.53M+1.3% | $9.4M+3.8% | $9.06M-5.1% | $9.55M+0.6% | $9.49M+0.2% | |
| Commissions, net | $149.27M+20.0% | $124.43M+1.8% | $122.25M+2.8% | $118.88M+3.6% | $114.75M+6.8% | |
| Workflow technology | $27.83M+18.2% | $23.54M+1.6% | $23.18M-8.9% | $25.43M-6.1% | $27.07M+14.9% | |
| Total revenues by Geography | ||||||
| Ireland | $133.05M+24.7% | $106.68M+21.8% | $87.57M-19.0% | $108.05M+27.6% | $84.7M+4.7% | |
| Others | $133.9M+75.3% | $76.39M-30.6% | $110.15M+47.7% | $74.55M+69.2% | $44.07M-17.7% | |
| United States | $828.38M+5.3% | $786.82M+25.5% | $627.07M-23.2% | $816.97M+15.2% | $709.11M+1.3% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Virtu Financial break its business down?
- Virtu Financial (VIRT) reports total revenue from contracts with customers by business across 2 parts — Execution Services and Market Making. Each is extracted from the segment footnotes and tracked over time.
- Where does Virtu Financial's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Virtu Financial's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.