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
DateValue
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