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+34.7% | $668.19M+31.7% | $646.66M+35.5% | $617.88M+33.2% | $530.45M+19.0% | |
| Market Making | $3.17B+24.7% | $2.95B+24.2% | $2.85B+36.5% | $2.76B+36.0% | $2.54B+36.4% | |
| Income before income taxes and noncontrolling interest by Business | ||||||
| Execution Services | 20,172,700,000%+11,928,600,000pp | 19,056,200,000%+12,880,300,000pp | 17,110,300,000%— | 16,096,800,000%— | 8,244,100,000%— | |
| Market Making | 107,785,800,000%+42,457,800,000pp | 89,059,400,000%+29,954,100,000pp | 78,909,100,000%+37,454,200,000pp | 76,420,000,000%+34,495,500,000pp | 65,328,000,000%+33,483,600,000pp | |
| Other segment items by Business | ||||||
| Execution Services | $378.29M+12.0% | $352.14M+3.8% | $354.2M+5.1% | $342.02M+0.1% | $337.9M-1.5% | |
| Market Making | $849.41M+19.6% | $766.89M+11.9% | $769.72M+19.1% | $727.92M+14.7% | $710.11M+16.4% | |
| Operating Expenses by Business | ||||||
| Execution Services | $512.59M+14.4% | $477.63M+7.2% | $475.55M+9.0% | $456.91M+4.3% | $448.01M+2.8% | |
| Market Making | $2.1B+10.8% | $2.06B+15.5% | $2.06B+24.9% | $2B+26.1% | $1.89B+22.8% | |
| Brokerage, exchange, clearance fees and payments for order flow, net by Business | ||||||
| Execution Services | $128.12M+22.4% | $119.62M+18.4% | $115.99M+21.9% | $109.68M+18.4% | $104.68M+16.6% | |
| Market Making | $558.61M-14.3% | $650.15M+13.4% | $693.36M+38.9% | $698.16M+54.4% | $651.82M+51.1% | |
| Interest and dividends expense by Business | ||||||
| Execution Services | $6.17M+13.8% | $5.86M+16.8% | $5.36M+26.7% | $5.21M+40.0% | $5.43M+93.9% | |
| Market Making | $687.87M+30.0% | $641.58M+22.4% | $600.25M+18.5% | $570.79M+15.0% | $529.05M+6.1% | |
| 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-2.7% | $37.5M-2.3% | $37.56M-1.3% | $38.13M+1.1% | $38.58M+1.4% | |
| Commissions, net | $514.83M+25.0% | $480.3M+25.5% | $463.29M+29.1% | $438.89M+28.9% | $411.92M+26.7% | |
| Workflow technology | $99.99M+1.0% | $99.23M+3.5% | $99.25M+5.8% | $100.22M+9.8% | $98.98M+10.4% | |
| Total revenues by Geography | ||||||
| Ireland | $435.35M+47.6% | $386.99M+41.6% | $361.18M+47.3% | $336.64M+43.6% | $294.89M+36.8% | |
| Others | $394.99M+73.6% | $305.16M+26.5% | $282.31M+25.1% | $239.37M+20.4% | $227.57M+26.4% | |
| United States | $3.06B+20.0% | $2.94B+24.4% | $2.85B+35.4% | $2.8B+35.5% | $2.55B+32.8% |
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.