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Electronic market maker providing liquidity and trade execution across stocks, options, currencies and other assets.
Electronic market maker providing liquidity and trade execution across stocks, options, currencies and other assets.
Earns tiny amounts per trade, the gap between buy and sell quotes, on a huge number of trades, so volatile, high-volume markets help it while quiet markets squeeze it. The agency side charges brokers and institutions fees for routing and executing orders, income that does not need Virtu to take market risk. Its 2017 purchase of KCG Holdings, the former Knight Capital, expanded its reach.
Moat: narrow (scale, cost advantage, process know-how). Highly automated, low-latency trading technology at scale gives a cost/speed edge over smaller market makers.
Headquarters: New York, New York, US · Founded: 2008 · Employees: 1,027
Size Virtu Financial (VIRT) is a United States Financials company (Investment Banks/Brokers) with a market value of $8.37B, the 865th largest of 3,117 United States companies the cockpit tracks. Shares closed at $53.91 on 6 Nov 2026.
Performance Over six months the shares gained 5.1%, against -10.3% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 27.6% over the last twelve months (peer median +6.6%); the operating margin is 37.8% (peer median 35.6%).
Valuation It trades at 7.8× forward earnings against a peer median of 13.6× (6th cheapest of 21).
Short interest Short interest is 6.2% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.74B | $3.26B | $2.65B | $2.13B | $2.07B |
| Revenue growth | — | +23% | +24% | +3% | — |
| Gross profit | $1.89B | $1.48B | $1.09B | $763M | $865M |
| EBITDA | $1.53B | $1.27B | $865M | $560M | $817M |
| Net income | $518M | $438M | $260M | $134M | $255M |
| Free cash flow | $469M | $1.31B | $1.19B | $1.81B | $272M |
| Capital expenditure | $79.2M | $63.5M | $54.3M | $76.1M | $64.9M |
| Total debt | $5.28B | $3.74B | $3.30B | $3.83B | $2.68B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Virtu Financial VIRT | $8.37B | +5% | +28% | 38% | 7.8× | n/a |
| Flow Traders FLOW.AS | $1.13B | -20% | -4% | 43% | 7.2× | n/a |
| Interactive Brokers IBKR | $129B | -10% | +16% | 87% | 23.9× | n/a |
| TP ICAP TCAP.L | $2.97B | -1% | +4% | 11% | 8.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VIRT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | +1.1% | 5th lowest of 21 |
| 6-month return | +5.1% | -10.3% | 6th highest of 21 |
| Distance from 52-week high | -21.6% | -26.0% | 8th highest of 21 |
| Revenue growth (TTM) | +27.6% | +6.6% | 4th highest of 21 |
| Operating margin | 37.8% | 35.6% | 10th highest of 21 |
| Forward P/E | 7.8× | 13.6× | 6th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Virtu Financial VIRT | United States | $8.37B | +5% | +28% | 38% | 7.8× | n/a | n/a |
| Founder Securities 601901.SS | China | $8.52B | -4% | -21% | 47% | 11.7× | n/a | n/a |
| Everbright Securities 6178.HK | Hong Kong | $8.59B | -20% | +15% | 42% | 6.0× | n/a | n/a |
| Nordnet SAVE.ST | Sweden | $8.70B | +13% | +11% | 58% | 23.7× | n/a | n/a |
| XP Inc. Class A XP | United States | $7.83B | -21% | +17% | 32% | 6.7× | n/a | n/a |
| ASX ASX.AX | Australia | $9.02B | +15% | +3% | 65% | 24.2× | n/a | n/a |
| Mirae Asset Sec 006800.KS | South Korea | $7.57B | -66% | +5% | 114% | 4.0× | n/a | n/a |
| Multi Commodity Exchange of India MCX.NS | India | $9.51B | +16% | +122% | 79% | 50.8× | n/a | n/a |
| Investec INVP.L | United Kingdom | $7.34B | +3% | -4% | 37% | 7.1× | n/a | n/a |
| Orient Securities 600958.SS | China | $10.00B | -10% | -5% | 28% | 11.1× | n/a | n/a |
| Houlihan Lokey HLI | United States | $10.1B | -5% | 0% | 20% | 18.0× | n/a | n/a |
| Guolian Minsheng Securities 601456.SS | China | $6.75B | -13% | +9% | 25% | 20.1× | n/a | n/a |
| Allfunds ALLFG.AS | Netherlands | $6.69B | +18% | +1% | 43% | 20.5× | n/a | n/a |
| StoneX SNEX | United States | $6.55B | -33% | +21% | 2% | 13.0× | n/a | n/a |
| NHIS 005940.KS | South Korea | $6.46B | -32% | +156% | 34% | 5.2× | n/a | n/a |
| Jefferies Financial JEF | United States | $10.9B | -11% | +26% | 41% | 11.3× | n/a | n/a |
| Evercore EVR | United States | $10.9B | -17% | +37% | 22% | 14.2× | n/a | n/a |
| Swissquote SQN.SW | Switzerland | $6.33B | -13% | +4% | 44% | 15.9× | n/a | n/a |
| Zhongtai Securities 600918.SS | China | $6.31B | -12% | -4% | 21% | 17.1× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | n/a | n/a |
| Zheshang Securities 601878.SS | China | $6.03B | -10% | -4% | 32% | 13.0× | n/a | n/a |