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+32.7% | $158.19M+15.8% | $154.51M+22.9% | $214.49M+68.8% | $141.01M+19.7% | |
| Market Making | $915.7M+32.5% | $803.44M+13.7% | $668.02M+15.8% | $786.59M+38.1% | $691.17M+32.7% | |
| Income before income taxes and noncontrolling interest by Business | ||||||
| Execution Services | 4,109,000,000%+1,116,500,000pp | 3,810,100,000%+1,945,900,000pp | 2,841,000,000%+1,013,500,000pp | 9,412,600,000%+7,852,700,000pp | 2,992,500,000%+2,068,200,000pp | |
| Market Making | 37,644,400,000%+18,726,400,000pp | 29,550,500,000%+10,150,300,000pp | 15,044,700,000%+2,489,100,000pp | 25,546,200,000%+11,092,000,000pp | 18,918,000,000%+6,222,700,000pp | |
| Other segment items by Business | ||||||
| Execution Services | $108.39M+31.8% | $86.66M-2.3% | $94.05M+14.9% | $89.21M+4.8% | $82.23M-1.8% | |
| Market Making | $260.15M+46.5% | $188.63M-1.5% | $205.67M+25.5% | $194.95M+10.1% | $177.64M+16.1% | |
| Operating Expenses by Business | ||||||
| Execution Services | $146.04M+31.5% | $120.09M+1.8% | $126.1M+17.4% | $120.36M+8.0% | $111.08M+2.3% | |
| Market Making | $539.25M+7.4% | $507.93M-0.9% | $517.57M+14.7% | $531.13M+24.9% | $501.99M+27.4% | |
| Brokerage, exchange, clearance fees and payments for order flow, net by Business | ||||||
| Execution Services | $36.07M+30.8% | $31.5M+13.1% | $30.73M+25.8% | $29.81M+20.1% | $27.57M+15.2% | |
| Market Making | $102.76M-47.1% | $136.01M-24.1% | $147.52M-3.1% | $172.31M+36.8% | $194.3M+67.7% | |
| Interest and dividends expense by Business | ||||||
| Execution Services | $1.59M+24.2% | $1.93M+35.0% | $1.32M+13.7% | $1.34M-14.1% | $1.28M+46.8% | |
| Market Making | $176.34M+35.6% | $183.29M+29.1% | $164.37M+21.8% | $163.87M+34.2% | $130.05M+3.9% | |
| 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+0.4% | $9.4M-0.7% | $9.06M-6.0% | $9.55M-4.5% | $9.49M+2.3% | |
| Commissions, net | $149.27M+30.1% | $124.43M+15.8% | $122.25M+24.9% | $118.88M+29.3% | $114.75M+34.3% | |
| Workflow technology | $27.83M+2.8% | $23.54M-0.1% | $23.18M-4.0% | $25.43M+5.1% | $27.07M+13.2% | |
| Total revenues by Geography | ||||||
| Ireland | $133.05M+57.1% | $106.68M+31.9% | $87.57M+38.9% | $108.05M+63.0% | $84.7M+34.4% | |
| Others | $133.9M+204% | $76.39M+42.7% | $110.15M+63.9% | $74.55M+18.8% | $44.07M-23.7% | |
| United States | $828.38M+16.8% | $786.82M+12.4% | $627.07M+8.8% | $816.97M+44.9% | $709.11M+35.8% |
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.