Virtu Financial (VIRT) Operating Expenses (2014 - 2026)
Virtu Financial's Operating Expenses came in at $847.4 million for Q2 2026, up 29.9% from $652.55 million a year earlier and up 23.6% from the prior quarter.
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Analysis
Virtu Financial (VIRT) Operating Expenses (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Virtu Financial reported Operating Expenses of $2.8 billion, up 14.1% year-over-year; for FY2025, it was $2.54 billion, up 13.7% from FY2024.
- Operating Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 6.5% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $2.23 billion in FY2024 (+13.4%), $1.97 billion in FY2023 (+8.9%), $1.81 billion in FY2022 (-0.4%) and $1.81 billion in FY2021 (-2.3%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2014.
- Year-over-year, Operating Expenses increased in seven of the last eight quarters, with growth averaging 16.8%.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2026 (growth of 29.9%), and the weakest in Q1 2022 (a decline of 12.1%).
- Business Quant data shows VIRT's Operating Expenses at $685.76 million (Q1 2026), $626.3 million (Q4 2025) and $644.8 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 105.82 Bn | 93.92 Bn | - | 599.10 Mn |
| 2 | Intercontinental Exchange | 89.41 Bn | 83.14 Bn | - | 1.28 Bn |
| 3 | Robinhood Markets | 86.77 Bn | 67.81 Bn | - | 734.00 Mn |
| 4 | Nasdaq | 52.58 Bn | 50.01 Bn | 1.50 Bn | 788.00 Mn |
| 5 | Interactive Brokers | 36.48 Bn | 13.59 Bn | - | 440.00 Mn |
| 6 | Cboe Global Markets | 32.16 Bn | 23.82 Bn | 731.60 Mn | 255.60 Mn |
| 7 | LPL Financial Holdings | 25.21 Bn | 20.53 Bn | - | 4.67 Bn |
| 8 | Tradeweb Markets | 24.34 Bn | 16.35 Bn | - | 313.68 Mn |
| 9 | Circle Internet | 20.17 Bn | 14.05 Bn | 288.85 Mn | 254.49 Mn |
| 10 | Virtu Financial | 4.95 Bn | 1.14 Bn | - | 847.40 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Virtu Financial Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VIRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VIRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VIRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();