Virtu Financial VIRT Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenue from contracts with customers by Business | ||||||
| Execution Services | $714.32M+6.9% | $668.19M+3.3% | $646.66M+4.7% | $617.88M+16.5% | $530.45M+4.6% | |
| Market Making | $3.17B+7.6% | $2.95B+3.4% | $2.85B+3.3% | $2.76B+8.5% | $2.54B+7.2% | |
| Income before income taxes and noncontrolling interest by Business | ||||||
| Execution Services | 20,172,700,000%+1,116,500,000pp | 19,056,200,000%+1,945,900,000pp | 17,110,300,000%+1,013,500,000pp | 16,096,800,000%+7,852,700,000pp | 8,244,100,000%+2,068,200,000pp | |
| Market Making | 107,785,800,000%+18,726,400,000pp | 89,059,400,000%+10,150,300,000pp | 78,909,100,000%+2,489,100,000pp | 76,420,000,000%+11,092,000,000pp | 65,328,000,000%+6,222,700,000pp | |
| Other segment items by Business | ||||||
| Execution Services | $378.29M+7.4% | $352.14M-0.6% | $354.2M+3.6% | $342.02M+1.2% | $337.9M-0.4% | |
| Market Making | $849.41M+10.8% | $766.89M-0.4% | $769.72M+5.7% | $727.92M+2.5% | $710.11M+3.6% | |
| Operating Expenses by Business | ||||||
| Execution Services | $512.59M+7.3% | $477.63M+0.4% | $475.55M+4.1% | $456.91M+2.0% | $448.01M+0.6% | |
| Market Making | $2.1B+1.8% | $2.06B-0.2% | $2.06B+3.3% | $2B+5.6% | $1.89B+6.1% | |
| Brokerage, exchange, clearance fees and payments for order flow, net by Business | ||||||
| Execution Services | $128.12M+7.1% | $119.62M+3.1% | $115.99M+5.7% | $109.68M+4.8% | $104.68M+3.6% | |
| Market Making | $558.61M-14.1% | $650.15M-6.2% | $693.36M-0.7% | $698.16M+7.1% | $651.82M+13.7% | |
| Interest and dividends expense by Business | ||||||
| Execution Services | $6.17M+5.3% | $5.86M+9.3% | $5.36M+3.1% | $5.21M-4.1% | $5.43M+8.1% | |
| Market Making | $687.87M+7.2% | $641.58M+6.9% | $600.25M+5.2% | $570.79M+7.9% | $529.05M+0.9% | |
| Goodwill by Business | ||||||
| Execution Services | $1.57B0.0% | $1.57B0.0% | $1.57B0.0% | $1.57B0.0% | $1.57B0.0% | |
| Market Making | $3.02B0.0% | $3.02B0.0% | $3.02B0.0% | $3.02B0.0% | $3.02B0.0% | |
| Total revenue from contracts with customers by Product | ||||||
| Analytics | $37.53M+0.1% | $37.5M-0.2% | $37.56M-1.5% | $38.13M-1.2% | $38.58M+0.5% | |
| Commissions, net | $514.83M+7.2% | $480.3M+3.7% | $463.29M+5.6% | $438.89M+6.5% | $411.92M+7.7% | |
| Workflow technology | $99.99M+0.8% | $99.23M0.0% | $99.25M-1.0% | $100.22M+1.3% | $98.98M+3.3% | |
| Total revenues by Geography | ||||||
| Ireland | $435.35M+12.5% | $386.99M+7.1% | $361.18M+7.3% | $336.64M+14.2% | $294.89M+7.9% | |
| Others | $394.99M+29.4% | $305.16M+8.1% | $282.31M+17.9% | $239.37M+5.2% | $227.57M-5.7% | |
| United States | $3.06B+4.1% | $2.94B+3.0% | $2.85B+1.8% | $2.8B+9.9% | $2.55B+7.9% |
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.