Virtu Financial, Inc. (VIRT)

Fair Value

Financial ServicesCapital MarketsUnited States

Fundamental

Price

$55.16

Market Cap

$4.87B

Yahoo Finance TradingView News Website

Part 1 · What the company is worth

Overview

Virtu Financial, Inc. operates as a financial services company in the United States, Ireland, and internationally. It operates in two segments, Market Making and Execution Services. The company is involved in buying and selling securities to broker dealers, banks and institutions; trading direct to clients, exchanges, alternative trading systems, and other market centers; cash trading business; and pre- and post-trade services, data products, and compliance tools. It also provides agency execution services and trading venues for transparent trading in global equities, ETFs, fixed income, currencies, and commodities to institutions, banks, and broker dealers; agency-based and execution-only trading; workflow technology; trading analytics; foreign exchange, futures, and cryptocurrency products. The company was founded in 2008 and is headquartered in New York, New York.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$678M

Trailing 12 months (through 6/30/2026)

Net Income

$551M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$496M

Total Equity

$1.58B

Total Liabilities

$18.18B

Current Ratio

0.93

Interest Coverage

Debt/EBITDA

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$55.26

Current Price

$55.16

Margin of Safety

+0.2%

Fair Value Range

$35.92 - $74.61

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$66.71

Discounted cash flow (DCF):Not applicable to this type of company

Earnings multiple (P/E):$46.71

Graham growth formula:Not applicable to this type of company

Earnings power value (EPV):Not applicable to this type of company

Justified P/B:$71.54

Dividend discount (Gordon):$14.10

P/FFO, funds from operations:Not applicable to this type of company

Mid-cycle earnings:Not applicable to this type of company

Revenue multiple:Not applicable to this type of company

Analyst Consensus:Buy (8B / 4H / 1S)

Last Earnings Surprise:+4.04%

Valuation Metrics

P/E Ratio

9.16

ROE

29.6%

P/B Ratio

P/FCF

Gross Margin

ROIC

Profitability Radar

Value Creation (Economic Moat)

ROIC

WACC

7.2%

ROIC − WACC

Fundamental Analysis Criteria

Passed (13)

EPS shows upward trend
EPS CAGR 24.14%
Price CAGR 12.76%
Positive Free Cash Flow
CapEx intensity
Low reliance on intangibles
ROE 33.2%
Analyst Consensus 62% Buy
Earnings Surprise avg 22.0%
Earnings Quality (OCF/NI) 1.01
Share Dilution -1.9%
Net Margin Trend 81.2% vs 70.1%
Piotroski F-Score 6/9

Failed (5)

Debt/Equity ratio
Return on Tangible Assets
DCF valuation (Unknown)
Revenue Growth 5Y 1.9%
PEG Ratio 23.03

Unavailable (10)

ROIC NaN%
Gross Margin NaN%
P/FCF NaN
P/B Ratio NaN
Dividend Payout NaN%
Operating Margin NaN%
Current Ratio
Interest Coverage
Debt/EBITDA
Price below Graham Number

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score

criteria

Earnings Quality

1.01

High quality: earnings backed by cash

Share Dilution

-1.9%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

Name	Title	Age
Mr. Aaron Simons	CEO & Director	44
Mr. Joseph A. Molluso	Co-President & Co-COO	56
Mr. Brett Michael Fairclough	Co-President & Co-COO	42
Mr. Vincent J. Viola	Founder & Chairman Emeritus	69
Ms. Cindy Lee	Executive VP, CFO & Treasurer	40
Mr. Stephen John Cavoli Sr.	Executive VP of Markets & Global Head of Execution Services	56
Mr. Matthew Sandberg	Head of Investor Relations	-
Mr. Justin Waldie J.D.	Senior VP, General Counsel & Secretary	-
Ms. Akiko Imai	Global Head of New Sales	-
Mr. Andrew Smith	Senior VP of Global Business Development & Corporate Strategy	-

Audit Risk

Board Risk

Compensation Risk

Shareholder Rights Risk

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-20
View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-31
View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-21
View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for VIRT, sourced from Markets Gazette.

5/14/2026NEUTRAL
Virtu Starts Trading on Kalshi as Event Bets Draw in Wall Street
Virtu Financial Inc. is expanding its market-making activities by commencing trading on Kalshi, a platform for event-based contracts. This move places Virtu among a select group of institutional firms engaging with prediction markets, signaling a growing acceptance and integration of these novel trading avenues within traditional finance. While the direct financial impact on Virtu's core business is yet to be quantified, its participation suggests a strategic interest in diversifying revenue streams and exploring new market dynamics. Investors will monitor this development for potential insights into the evolving landscape of financial speculation and Virtu's adaptability.

via Markets Gazette