# Virtu Financial, Inc. (VIRT)

> Source: Nexqual · https://nexqual.com/VIRT · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Virtu Financial, Inc. (VIRT), nexqual.com/VIRT" · informational, not investment advice.

**Price:** USD 57.41 (+3.48% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 55.48 · day 54.46–58.14 · 52w 31.55–68.76 · market cap $5.07B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.08B, net income $551M (13.5% margin) (SEC filings).
- Valuation: P/E 9.2x (avg 10.3x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.29 on a 1–5 scale) (7 analysts), mean target USD 69.43 (range 56–84).
- Total return with dividends: 1Y +77.1% vs S&P 500 +18.1%; 5Y +171.5% vs S&P 500 +85.1%.
- Next earnings: 2026-11-05, EPS estimate USD 1.54, revenue estimate $642M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.36B | $2.29B | $2.88B | $3.63B | $4.08B |
| Net income | $477M | $265M | $142M | $276M | $468M | $551M |
| EPS (diluted) | $3.91 | $2.44 | $1.42 | $2.97 | $5.13 | — |
| Free cash flow | $1.15B | $680M | $454M | $587M | $496M | $521M |
| Net margin | 17.0% | 11.2% | 6.2% | 9.6% | 12.9% | 13.5% |
| Revenue growth | -13.2% | -15.9% | -3.0% | +25.4% | +26.2% | — |
| Cash + short-term investments | $1.07B | $982M | $820M | $873M | $1.06B | — |
| Total debt | $1.67B | $1.80B | $1.73B | $1.74B | $2.04B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.2x · P/S 1.2x · P/FCF 9.7x · P/B 2.7x · FCF yield 10.28% · Earnings yield 10.86% · Buyback yield (TTM) 0.00%
P/E at fiscal year-ends: Dec 2025 6.1x, Dec 2024 11.3x, Dec 2023 13.4x.

## Analysts
Consensus Buy (mean 2.29 on a 1–5 scale), 7 analysts; mean target USD 69.43 (low 56, high 84).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Morgan Stanley | Target lowered | Underweight | $57 → $56 |
| 2026-10-05 | JP Morgan | Upgrade | Neutral → Overweight | $84 |
| 2026-07-31 | JP Morgan | Target raised | Neutral | $59 → $61 |
| 2026-07-28 | JP Morgan | Target raised | Neutral | $51 → $59 |
| 2026-07-15 | Piper Sandler | Target raised | Overweight | $61 → $70 |
| 2026-07-10 | Morgan Stanley | Target raised | Underweight | $39 → $57 |
| 2026-06-30 | Goldman Sachs | Target raised | Neutral | $51 → $63 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +77.1% | +171.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +77.5% | +22.1% |
| Volatility (annualized) | 37.1% | 34.9% |
| Max drawdown | -23.2% (Aug 2026→Sep 2026) | -54.5% (Mar 2022→Mar 2023) |

## Peers (Capital Markets)
PIPR (Piper Sandler Companies) USD 64.57 +1.10% · BGC (BGC Group, Inc.) USD 11.6 -0.34% · FIGR (Figure Technology Solutions, In) USD 27.67 +1.54% · RIOT (Riot Platforms, Inc.) USD 15.5 -7.02% · WULF (TeraWulf Inc.) USD 12.62 -4.47% · MKTX (MarketAxess Holdings, Inc.) USD 164.54 +0.05%

## More
Full page: https://nexqual.com/VIRT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt