Virtus Investment Partners (VRTS)
NYSE:VRTS
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
6.03Last Year’s EPS
6.25Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call highlighted meaningful product and distribution progress—8% sales growth, strong ETF momentum, the strategic Keystone acquisition (adding $2.3B AUM and expanding alternatives/private credit), and signs of flow improvement in March/April. However, these positives were offset by substantial net outflows ($8.4B), a decline in AUM to $149B, sequential EPS and operating income pressure driven by seasonal employment expenses and lower average AUM, and higher short-term leverage/contingent liabilities related to the Keystone transaction. While management emphasized near-term improvements and long-term growth initiatives, the scale and persistence of outflows and AUM decline represent significant near-term headwinds.Company Guidance
Sales Growth
Total sales increased 8% to $5.8 billion (from $5.3 billion), led by a 26% increase in equity strategy sales and higher sales in U.S. retail funds, retail separate accounts, and global funds.
ETF Momentum
ETF AUM rose to $5.4 billion (up $200 million sequentially and +58% year-over-year); ETFs generated $300 million of positive net flows and $600 million of ETF sales during the quarter.
Product & Private Markets Expansion (Keystone)
Completed a 56% investment in Keystone on March 1 (closing payment $200 million), adding $2.3 billion of AUM and expanding private credit/private markets capabilities; alternatives now represent >12% of AUM (up from 9.7% last quarter and 9% a year ago).
Positive Flows in Specific Strategies
Several strategies had positive net flows, including high-conviction growth equity, multi-sector fixed income, listed real assets, and event-driven; ETFs and global funds also had positive net flows.
Improving Flow Trend Late in Quarter and in April
Over 80% of the quarter's net outflows occurred in the first two months; net outflows improved in March and April with ETF sales/net flows at their highest levels since September and institutional known wins modestly exceeding known redemptions.
Capital Return and Financial Flexibility
Repurchased ~73,463 shares for $10 million and paid the quarterly dividend; ended quarter with $200 million of undrawn revolver capacity and $269 million of other investments (seed capital).
Investment Performance Track Record
Three-year performance: 78% of fixed income and 71% of alternatives beat benchmarks; ten-year performance: 54% of equity, 73% of fixed income, and 71% of alternatives beat benchmarks.
Fee Rate & Modeling Outlook
Investment management fees as adjusted were $163.5 million (down 3%); average fee rate rose to 41.9 bps from 40.6 bps and management expects a 43–45 bps average fee rate for the second quarter (reflecting a full quarter of Keystone).
Operating Margin Excluding Seasonals
Reported operating margin was 24% (seasonally impacted); excluding seasonal employment expenses, the operating margin was 30.3%.
VRTS 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
VRTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $145.55 | $136.00 | -6.56% |
Feb 06, 2026 | $148.44 | $137.95 | -7.07% |
Oct 24, 2025 | $169.42 | $158.86 | -6.23% |
Jun 30, 2025 | $172.94 | $171.25 | -0.98% |
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 Virtus Investment Partners (VRTS) report earnings?
Virtus Investment Partners (VRTS) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Virtus Investment Partners (VRTS) earnings time?
Virtus Investment Partners (VRTS) earnings time is at Jul 24, 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 VRTS EPS forecast?
VRTS EPS forecast for the fiscal quarter 2026 (Q2) is 6.03.