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
DateValue
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