Virtus Investment Partners (VRTS) Operating Expenses (2010 - 2026)
Virtus Investment Partners (VRTS) reported Operating Expenses of $184.1 million for Q1 2026, up 1.52% on a YoY basis from $181.3 million in Q1 2025, and up 9.44% quarter-over-quarter from $168.2 million in Q4 2025.
Virtus Investment Partners (VRTS) Operating Expenses (2010 - 2026) Analysis & Trends
Virtus Investment Partners has reported Operating Expenses for 17 years, with the latest figure at $184.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 1.52% year-over-year to $184.1 million; the trailing twelve-month figure through Mar 2026 stood at $686.9 million (down 4.07% YoY), and the FY2025 full-year result was $684.2 million, down 5.56% from the prior year.
- Operating Expenses for Q1 2026 stood at $184.1 million, up from $168.2 million in the prior quarter.
- The five-year high for Operating Expenses was $189.7 million in Q1 2024, with the low at $165.3 million in Q2 2025.
- Historically, Operating Expenses has averaged $175.0 million across 5 years, with a median of $174.4 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 20.76% — and 2023, when it retreated 9.41%.
- Virtus Investment Partners' Operating Expenses stood at $167.2 million in 2022, then grew by 5.07% to $175.6 million in 2023, then increased by 4.07% to $182.8 million in 2024, then decreased by 7.97% to $168.2 million in 2025, then gained by 9.44% to $184.1 million in 2026.
- The last three Operating Expenses figures came in at $184.1 million (Q1 2026), $168.2 million (Q4 2025), and $169.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 154.03 Bn | 144.41 Bn | - | 3.88 Bn |
| 2 | Blackstone | 89.67 Bn | 88.62 Bn | - | 2.26 Bn |
| 3 | Kkr | 82.99 Bn | 130.50 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 75.96 Bn | 94.69 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 45.12 Bn | 19.44 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 41.87 Bn | 41.74 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 29.45 Bn | 18.21 Bn | - | 3.12 Bn |
| 9 | Ares Management | 28.36 Bn | 31.73 Bn | - | 1.17 Bn |
| 10 | Virtus Investment Partners | 970.72 Mn | 1.03 Bn | 3.64 Mn | 184.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 184.09 Mn |
| Dec 31, 2025 | 168.21 Mn |
| Sep 30, 2025 | 169.33 Mn |
| Jun 30, 2025 | 165.32 Mn |
| Mar 31, 2025 | 181.34 Mn |
| Dec 31, 2024 | 182.77 Mn |
| Sep 30, 2024 | 171.77 Mn |
| Jun 30, 2024 | 180.18 Mn |
| Mar 31, 2024 | 189.74 Mn |
| Dec 31, 2023 | 175.63 Mn |
| Sep 30, 2023 | 174.37 Mn |
| Jun 30, 2023 | 174.49 Mn |
| Mar 31, 2023 | 169.30 Mn |
| Dec 31, 2022 | 167.15 Mn |
| Sep 30, 2022 | 166.24 Mn |
| Jun 30, 2022 | 168.64 Mn |
| Mar 31, 2022 | 186.89 Mn |
| Dec 31, 2021 | 182.61 Mn |
| Sep 30, 2021 | 158.78 Mn |
| Jun 30, 2021 | 157.60 Mn |