Virtu Financial (VIRT)
NYSE:VIRT
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.49Last Year’s EPS
1.53Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a very strong quarter driven by record adjusted net trading income, robust adjusted EBITDA and EPS, high returns on capital, meaningful capital infusion and clear momentum in execution services and hiring. Management balanced these achievements with cautionary commentary about the outsized role of a favorable market environment, potential expense increases from higher compensation, and quarter‑to‑quarter variability that creates uncertainty about sustainability through the cycle.Company Guidance
Record Adjusted Net Trading Income (ANT)
Adjusted net trading income of $12.9 million per day, totaling $787 million for Q1 2026 — the highest quarter total ever for Virtu.
Strong Segment Performance: Market Making and Execution Services
Market Making reported ANT of $10.4 million per day for Q1; Execution Services reached $2.5 million per day for the quarter and $2.1 million on a trailing 12‑month basis. This marks the eighth consecutive quarter of increased total net trading statistics for the company.
Robust Profitability and Margins
Generated $521 million in adjusted EBITDA for the quarter, representing a 66% adjusted EBITDA margin. Trailing‑12 adjusted EBITDA was $1.6 billion with a 66% margin.
Strong Adjusted EPS
Adjusted EPS of $2.24 for the quarter and $6.66 on a trailing‑12 month basis — quarterly adjusted EPS noted as an all‑time high.
Capital Expansion and High Return on Capital
Added over $500 million in new trading capital in the past seven months. Invested capital stood at $2.6 billion as of March 31, and Virtu reported an average return on capital of 107% over the past year (noted as 'return on total capital in excess of 100%').
Maintained Shareholder Distribution
Company maintained its quarterly dividend of $0.24 per share.
Execution Services Momentum and Margin Improvement
Execution Services described as a multi‑year growth engine with increasing client penetration and technology consolidation (post‑ITG acquisition); management noted materially improved margins versus historical mid‑teens EBITDA levels for that business.
Workforce and Talent Investments
Aggressive hiring plan with target headcount near 1,100 for the year; focus on traders, quants, researchers and engineers to support growth and product expansion.
Active AI Exploration
Company is piloting generative/agentic AI primarily to boost developer productivity and support internal tooling, with management expecting material productivity benefits within 1–2 years.
VIRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VIRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $48.91 | $50.82 | +3.91% |
Jan 29, 2026 | $37.27 | $40.43 | +8.46% |
Oct 29, 2025 | $34.14 | $33.96 | -0.52% |
Jul 30, 2025 | $43.25 | $43.98 | +1.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Virtu Financial (VIRT) report earnings?
Virtu Financial (VIRT) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Virtu Financial (VIRT) earnings time?
Virtu Financial (VIRT) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIRT EPS forecast?
VIRT EPS forecast for the fiscal quarter 2026 (Q2) is 1.49.