Virtu Financial (VIRT)
Provides global liquidity, agency execution, analytics, and trading workflow technology.
Something off on this page? Send us feedback.
Makes markets as principal across multiple asset classes and provides agency execution, analytics, and workflow technology to financial institutions. Operations span hundreds of venues in dozens of countries, while performance depends on trading activity, bid-ask spreads, market volatility, exchange and clearing access, and short-term liquidity.
Market Making provides liquidity as principal across cash, futures, and options markets in global equities, fixed income, currencies, cryptocurrencies, and commodities. Execution Services supplies agency trading, algorithms, liquidity-seeking tools, analytics, workflow technology, and trading venues to institutions and intermediaries.
Built around automated processes, risk controls, and trading infrastructure, the platform operates across hundreds of venues in dozens of countries. The KCG acquisition expanded the scaled liquidity franchise, while the ITG acquisition added agency execution and analytics.
Results are structurally tied to trading volume, bid-ask spreads, volatility, exchange and clearing access, and short-term liquidity. The combination of principal trading and customer execution also requires effective information barriers and operational controls.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $54 | Target: $70 |
| Jul 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $39 | Target: $57 |
| Jun 30, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $51 | Target: $63 |
| Apr 30, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $40 | Target: $51 |
| Apr 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $35 | Target: $39 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.07B · Total debt $2.63B · Total assets $27.48B · Shareholders' equity $1.87B
- Revenue
- $1.19B
- Operating income
- $381.0M
- Net income
- $285.0M
HistoryDividendAnnual yield
| Institutions | 53.67% | 83.30M shares | |
|---|---|---|---|
| 494 holders · as of Jun 30, 2026 | |||
| Insiders | 44.04% | 68.35M shares | |
| 11 holders · as of Aug 20, 2026 | |||
| Other | 2.29% | 3.55M shares | |
| remainder | |||
155.20M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (155.20M in the company's Sep 22, 2026 report, 85.85M elsewhere); stakes use the report.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Vincent J. ViolaInsider | 43.48% | 67.48M | filed Apr 14, 2025 |
BlackRock, Inc.Institution | 7.55% | 11.73M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.85% | 5.98M A | as of Jun 30, 2026 |
FMR LLCInstitution | 3.04% | 4.72M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.39% | 3.71M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Joseph J. Jr Grano | director | −8,400 | $60.94 |
| Aug 18, 2026 | Virginia Gambale | director | −6,460 | $62.00 |
| Aug 17, 2026 | John Nixon | director | −9,094 | $60.13 |
| May 8, 2026 | Brett Fairclough | officer: Co-President & Co-COO | −30,000 | $50.06 |
| May 5, 2026 | Virginia Gambale | director | −4,000 | $50.00 |
- StoneX Group
Broad overlap in market making and institutional execution
- Interactive Brokers
Automated execution, smart routing and ATS overlap
- Tradeweb
Electronic execution and analytics across institutional markets
- MarketAxess
Fixed-income execution, portfolio trading and analytics overlap
- Cboe Global Markets
Execution-venue overlap across equities, options and FX
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Virtu Financial | $54.49 | +0.15% | $12.33B | 7.3 | 8.2 | 3.0 | −28.2% |
| StoneX Group | $69.28 | 0.00% | $8.02B | 11.7 | 16.7 | 0.1 | +43.3% |
| Interactive Brokers | $91.85 | −0.02% | $161.07B | 37.3 | 31.3 | 14.5 | +31.9% |
| Tradeweb | $99.74 | +0.03% | $22.24B | 25.0 | 23.4 | 10.1 | +9.0% |
| MarketAxess | $163.43 | −0.01% | $5.75B | 19.3 | 19.8 | 6.6 | −2.8% |
| Cboe Global Markets | $266.83 | +0.12% | $28.41B | 21.2 | 18.7 | 5.6 | −37.7% |
| Median | 21.2 | 19.8 | 6.6 | +9.0% |