Virtus Investment Partners (VRTS) Operating Expenses (2010 - 2026)
Virtus Investment Partners (VRTS) posted Operating Expenses of $184.1 million for Q1 2026, up 9.44% on a QoQ basis from $168.2 million in Q4 2025, and up 1.52% year-over-year from $181.3 million in Q1 2025.
Virtus Investment Partners (VRTS) Operating Expenses (2010 - 2026) Analysis & Trends
Virtus Investment Partners' Operating Expenses history runs 17 years deep, the most recent figure standing at $184.1 million for Q1 2026.
- Quarterly Operating Expenses rose 1.52% year-over-year to $184.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $686.9 million (down 4.07% YoY) and the FY2025 annual result came in at $684.2 million, down 5.56% from the prior year.
- Operating Expenses was $184.1 million for Q1 2026 at Virtus Investment Partners, up from $168.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $189.7 million in Q1 2024 and bottomed at $165.3 million in Q2 2025.
- A 5-year average of $175.0 million and a median of $174.4 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 20.76% — and 2023, when it dropped 9.41%.
- Virtus Investment Partners' Operating Expenses stood at $167.2 million in 2022, then rose by 5.07% to $175.6 million in 2023, then gained by 4.07% to $182.8 million in 2024, then dropped by 7.97% to $168.2 million in 2025, then climbed by 9.44% to $184.1 million in 2026.
- Business Quant data shows VRTS's Operating Expenses at $184.1 million in Q1 2026, $168.2 million in Q4 2025, and $169.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Virtus Investment Partners | 1.09 Bn | 1.15 Bn | 197.88 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 |