Virtu Financial (VIRT) revenue breakdown
By segment, Execution Services is the largest at 92% of fiscal 2025 revenue, growing 56% a year over 9 years.
By product, Commissions, net is the largest at 78% of fiscal 2025 revenue, growing 15% a year over 7 years.
Revenue by segment
Fiscal years, as Virtu Financial reports them in its 10-K filings; fiscal 2025 total $617M.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Execution Services | $10M | $99M | $156M | $475M | $548M | $574M | $488M | $426M | $474M | $566M | 92% |
| Market Making | $692M | $837M | $29M | $24M | $52M | $41M | $42M | $30M | $42M | $51M | 8% |
| Corporate | $36,000 | — | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Virtu Financial reports them in its 10-K filings; fiscal 2025 total $617M.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Commissions, net | $179M | $381M | $458M | $475M | $398M | $327M | $383M | $480M | 78% |
| Workflow technology | — | $83M | $101M | $98M | $92M | $91M | $96M | $99M | 16% |
| Analytics | — | $35M | $41M | $41M | $40M | $38M | $38M | $37M | 6% |
| Technology services | $5M | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Virtu Financial reports them in its 10-K filings; fiscal 2025 total $3.6B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $455M | $791M | $1.6B | $1.1B | $2.6B | $2.3B | $1.9B | $1.9B | $2.4B | $2.9B | 81% |
| Ireland | $140M | $98M | $82M | $188M | $324M | $306M | $222M | $207M | $273M | $387M | 11% |
| Others | $399,000 | $4M | $704,000 | $3M | $9M | $245M | $228M | $166M | $241M | $305M | 8% |
| Singapore | $107M | $114M | $136M | $110M | $177M | — | — | — | — | — | — |
| Canada | — | — | — | $50M | $117M | — | — | — | — | — | — |
| Australia | — | — | — | $35M | $45M | — | — | — | — | — | — |
| United Kingdom | — | $21M | $16M | -$2M | — | — | — | — | — | — | — |
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Where does Virtu Financial make its money?
In fiscal 2025, by segment: Execution Services $566M, Market Making $51M.
From Virtu Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.