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Virtu Financial VIRT Total Operating Expenses

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Segments

By segment

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Market Making$539.25M+7.4%
Execution Services$146.04M+31.5%

Other financials

Income statement

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Revenue$1.1B+30.7%
Net income$182.3M+82.9%
EPS (diluted)$1.99+84.3%

Balance sheet

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Cash & equivalents$1.0B+33.6%
Total debt$2.3B+15.8%
Total equity$1.7B+32.5%
Total assets$25.1B+43.1%

Cash flow

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Operating cash flow-$149.0K-101%
CapEx$5.6M-2.2%
Free cash flow-$5.8M-162%

Valuation

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Market cap$4.91B+36.7%
Enterprise value$6.18B+27.6%
P/E8.9×0.0×
P/S1.3×+0.2×

Profitability

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Net margin14.2%+3.7pp
FCF margin12.4%-20.0pp

Returns & leverage

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Return on equity36.2%+10.8pp
Debt / equity1.3×-0.2×

Where this comes from

Reported directly by Virtu Financial in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Virtu Financial’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:02 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001592386-26-000016
(in thousands, except share and per share data)Three Months Ended March 31, 20262025
Debt issue cost related to debt refinancing, prepayment and commitment fees1,6561,681
Transaction advisory fees and expenses338
Financing interest expense on long-term borrowings34,84529,891
Total operating expenses685,755614,133
Income before income taxes and noncontrolling interest409,572223,736
Provision for income taxes62,97634,101
Net income346,596189,635
Noncontrolling interest(164,287)(89,954)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Virtu Financial's total operating expenses?
Virtu Financial (VIRT) reported total operating expenses of $685.76M in Q1 2026.
How has Virtu Financial's total operating expenses changed year-over-year?
Virtu Financial's total operating expenses increased by 11.7% year-over-year, from $614.13M to $685.76M.
What is the long-term trend for Virtu Financial's total operating expenses?
Over 4 years (2021 to 2025), Virtu Financial's total operating expenses has grown at a 8.7% compound annual growth rate (CAGR), from $1.81B to $2.54B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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