Virtu Financial (VIRT) Operating Expenses (2014 - 2026)
Virtu Financial (VIRT) posted quarterly Operating Expenses of $847.4 million for Q2 2026, up 29.86% year-over-year from $652.6 million in Q2 2025, and up 23.57% on a QoQ basis from $685.8 million in Q1 2026.
Virtu Financial (VIRT) Operating Expenses (2014 - 2026) Analysis & Trends
Virtu Financial has reported Operating Expenses for 13 years, with the latest figure at $847.4 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $847.4 million, up 29.86% year-over-year; the trailing twelve-month figure through Jun 2026 was $2.8 billion (up 14.08% YoY), and the FY2025 annual result was $2.5 billion, up 13.7% from the prior year.
- Operating Expenses climbed to $847.4 million in Q2 2026, from $685.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $847.4 million in Q2 2026 and troughed at $431.0 million in Q2 2022.
- A 5-year average of $560.0 million and a median of $528.4 million in 2023 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses dropped 12.1%; it then advanced 29.86% in 2026.
- A 5-year view of Operating Expenses shows it stood at $458.1 million in 2022, then grew by 13.34% to $519.2 million in 2023, then grew by 21.67% to $631.7 million in 2024, then decreased by 0.85% to $626.3 million in 2025, then soared by 35.3% to $847.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $847.4 million in Q2 2026, $685.8 million in Q1 2026, and $626.3 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Virtu Financial | 5.78 Bn | 4.71 Bn | - | 847.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 847.40 Mn |
| Mar 31, 2026 | 685.76 Mn |
| Dec 31, 2025 | 626.30 Mn |
| Sep 30, 2025 | 644.80 Mn |
| Jun 30, 2025 | 652.55 Mn |
| Mar 31, 2025 | 614.13 Mn |
| Dec 31, 2024 | 631.68 Mn |
| Sep 30, 2024 | 559.68 Mn |
| Jun 30, 2024 | 537.60 Mn |
| Mar 31, 2024 | 503.02 Mn |
| Dec 31, 2023 | 519.18 Mn |
| Sep 30, 2023 | 492.06 Mn |
| Jun 30, 2023 | 471.39 Mn |
| Mar 31, 2023 | 485.62 Mn |
| Dec 31, 2022 | 458.07 Mn |
| Sep 30, 2022 | 459.44 Mn |
| Jun 30, 2022 | 430.95 Mn |
| Mar 31, 2022 | 459.55 Mn |
| Dec 31, 2021 | 478.59 Mn |
| Sep 30, 2021 | 399.25 Mn |