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Virtu Financial VIRT Business Segments

FY'25FY'24FY'23FY'22
Total revenue from contracts with customers by Business
Execution Services$668.19M+31.7%$507.23M+13.6%$446.54M-13.2%$514.24M-14.3%
Market Making$2.95B+24.2%$2.37B+28.8%$1.84B+1.7%$1.81B-17.7%
Income before income taxes and noncontrolling interest by Business
Execution Services19,056,200,000%+12,880,300,000pp6,175,900,000%4,134,300,000%-2,867,600,000pp
Market Making89,059,400,000%+29,954,100,000pp59,105,300,000%+27,545,300,000pp31,560,000,000%-16,495,800,000pp48,055,800,000%-44,541,000,000pp
Other segment items by Business
Execution Services$352.14M+3.8%$339.41M-1.8%$345.78M-7.3%$372.86M
Market Making$766.89M+11.9%$685.5M+12.5%$609.42M+4.7%$582.09M
Operating Expenses by Business
Execution Services$477.63M+7.2%$445.47M+2.1%$436.1M-7.8%$472.9M
Market Making$2.06B+15.5%$1.78B+16.7%$1.53B+14.7%$1.33B
Brokerage, exchange, clearance fees and payments for order flow, net by Business
Execution Services$119.62M+18.4%$101.04M+15.1%$87.75M-7.1%$94.41M
Market Making$650.15M+13.4%$573.38M+36.3%$420.61M-19.8%$524.76M
Interest and dividends expense by Business
Execution Services$5.86M+16.8%$5.02M+95.1%$2.57M-54.3%$5.63M
Market Making$641.58M+22.4%$524.16M+5.3%$497.9M+121%$225.43M
Goodwill by Business
Execution Services$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%
Total revenue from contracts with customers by Product
Analytics$37.5M-2.3%$38.37M+0.2%$38.28M-4.1%$39.92M-3.3%
Commissions, net$480.3M+25.5%$382.59M+17.1%$326.66M-18.1%$398.75M-16.0%
Workflow technology$99.23M+3.5%$95.83M+5.7%$90.66M-0.6%$91.18M-7.4%
Total revenues by Geography
Ireland$386.99M+41.6%$273.21M+32.3%$206.51M-7.1%$222.18M-27.3%
Others$305.16M+26.5%$241.25M+45.2%$166.12M-27.3%$228.41M-6.4%
United States$2.94B+24.4%$2.36B+23.0%$1.92B+0.3%$1.91B-15.3%

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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.