Virtu Financial (VIRT) Operating Expenses (2014 - 2026)

Virtu Financial (VIRT) recorded quarterly Operating Expenses of $685.8 million in Q1 2026, up 9.49% quarter-over-quarter from $626.3 million in Q4 2025, and up 11.66% on a YoY basis from $614.1 million in Q1 2025.

Virtu Financial (VIRT) Operating Expenses (2014 - 2026) Analysis & Trends

Virtu Financial's Operating Expenses history runs 13 years deep, the most recent figure standing at $685.8 million for 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 was $685.8 million for Q1 2026 at Virtu Financial, up from $626.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $685.8 million in Q1 2026 to a low of $431.0 million in Q2 2022.
  • Historically, Operating Expenses has averaged $543.0 million across 5 years, with a median of $519.2 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 12.1% in 2022, then rose 22.09% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $458.1 million in 2022, then increased by 13.34% to $519.2 million in 2023, then increased by 21.67% to $631.7 million in 2024, then slipped by 0.85% to $626.3 million in 2025, then increased by 9.49% to $685.8 million in 2026.
  • The last three Operating Expenses figures came in at $685.8 million (Q1 2026), $626.3 million (Q4 2025), and $644.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - 386,258.80
2 Morgan Stanley 331.35 Bn 197.82 Bn - 13.47 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 10.43 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 3.29 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 381.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 4.45 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 330.51 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 242.35 Mn
10 Virtu Financial 4.56 Bn 4.05 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