Virtu Financial (VIRT) Operating Expenses (2014 - 2026)
Virtu Financial (VIRT) posted quarterly Operating Expenses of $685.8 million for Q1 2026, up 11.66% year-over-year from $614.1 million in Q1 2025, and up 9.49% on a QoQ basis from $626.3 million in Q4 2025.
Virtu Financial (VIRT) Operating Expenses (2014 - 2026) Analysis & Trends
Virtu Financial (VIRT) has reported Operating Expenses for 13 consecutive years, with $685.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 11.66% year-over-year to $685.8 million; the TTM figure through Mar 2026 stood at $2.6 billion (up 11.37% YoY), while the FY2025 annual figure was $2.5 billion, up 13.7% from the prior year.
- Operating Expenses came in at $685.8 million for Q1 2026 at Virtu Financial, up from $626.3 million in the prior quarter.
- The five-year high for Operating Expenses was $685.8 million in Q1 2026, with the low at $431.0 million in Q2 2022.
- Average Operating Expenses over 5 years is $543.0 million, with a median of $519.2 million recorded in 2023.
- Across the five-year window, Operating Expenses dropped 12.1% in 2022 and climbed 22.09% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $458.1 million in 2022, then advanced by 13.34% to $519.2 million in 2023, then advanced by 21.67% to $631.7 million in 2024, then fell by 0.85% to $626.3 million in 2025, then advanced by 9.49% to $685.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $685.8 million, $626.3 million, and $644.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Virtu Financial | 5.32 Bn | 4.80 Bn | - | 685.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 413.96 Mn |