What is the 13F Pro Quality Score for VIRT?

13F Pro ranks Virtu Financial, Inc. (VIRT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View VIRT's current score at https://13fpro.ai/company/VIRT (free sign-up required for the full ranking).

Which hedge funds own the most VIRT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of VIRT include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/VIRT as soon as new 13F filings post.

Where does 13F Pro source VIRT data?

All Virtu Financial, Inc. fundamentals and ownership data come directly from SEC EDGAR. Virtu Financial, Inc. files with the SEC under CIK 1592386. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is VIRT in?

Virtu Financial, Inc. (VIRT) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives VIRT's revenue?

Per Virtu Financial, Inc.'s latest 10-Q filed with the SEC on 2026-07-31, the biggest revenue drivers are: Market Making ($1,009.2M, +28.3% YoY); Trading income, net ($849.4M, +31.2% YoY); Execution Services ($173.5M, -19.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/VIRT.

What are VIRT's largest expenses?

Virtu Financial, Inc.'s latest 10-Q reports these as the largest expense items: Brokerage, exchange, clearance fees and payments for order flow, net ($259.0M, +28.2% YoY); Employee compensation and payroll taxes ($216.7M, +59.1% YoY); Interest and dividends expense ($205.3M, +24.3% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is VIRT research updated on 13F Pro?

VIRT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Virtu Financial, Inc.(VIRT)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Financials →NYSEmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 1592386 VIRT stock profile & AI dashboard →

13F Pro Quality Score

74.1/100

Rank #119 of 2,960 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

87.0/100

Profitability

72.8/100

Balance Sheet

55.5/100

Earnings Quality

34.3/100

Free Cash Flow

61.1/100

Institutional Flow

83.6/100

Revenue Scale

75.0/100

Dilution Risk

34.2/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why VIRT Scores 74/100

exact factor attribution · 2026-09-12

VIRT's composite is driven by revenue growth and scale, held back by earnings quality and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+9.9 pts

87th pct

Scale

+5.0 pts

75th pct

Profitability

+4.6 pts

73th pct

Earnings growth

+2.7 pts

91th pct

Institutional flow

+2.2 pts

84th pct

Free cash flow

+1.7 pts

61th pct

Capital efficiency

+0.7 pts

56th pct

Shareholder dilution

-1.1 pts

34th pct

Earnings quality

-1.6 pts

34th pct

Latest change (2026-08-02): 63 → 69 · ↑ Free cash flow 28→96; ↑ Institutional flow 53→61; despite ↓ Revenue growth 80→66

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

VIRT Stock Analysis & AI Quality Score

Data updated 2026-09-12

AI stock analysis and institutional research for Virtu Financial, Inc. (VIRT), a Financials sector company. 13F Pro's AI-powered ranking engine scores VIRT at 74.1/100 on a 32-signal composite quality model, placing it at rank #119 of 2,960 stocks — the top 5% of the AI-ranked universe. VIRT scores in the top quartile across revenue growth (87.0), institutional flow (83.6), revenue scale (75.0). Areas of concern include earnings quality (34.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 34.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Virtu Financial, Inc. reports quarterly revenue of $1.2B, net income of $150.9M, an operating margin of 28.8%. Top institutional holders of VIRT by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. VIRT trades on the NYSE exchange and files with the SEC under CIK 1592386. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VIRT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Virtu Financial, Inc. directly from SEC EDGAR. Virtu Financial, Inc.'s 13F Pro composite quality score has ranged between 39 and 83 since 2021, currently 74.1 — a declining long-term trajectory across 69 quarterly and live scoring snapshots.

What's Driving VIRT's Business? Latest 10-Q Breakdown

✓ 34/34 datapoints verified

AI-extracted from Virtu Financial, Inc.'s 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 19.0% YoY to $1.19B on a 31.2% jump in Trading income, net, but higher compensation and interest expense compressed GAAP net income margin to 23.9% from 29.3%.

Biggest Revenue Drivers

Market Making$1,009.2M+28.3% YoY

Higher trading volumes and increased opportunities across global markets

Execution Services$173.5M-19.1% YoY

Decline driven by absence of prior-year RFQ-hub sale gain recorded in Other, net

Biggest Revenue Drivers

Total revenue: $1,190.0M+19.0% YoY

Market Making$1,009.2M+28.3% YoY

Higher trading volumes and increased opportunities across global markets

Within Market Making

Trading income, net$849.4M+31.2% YoY

Higher trading volumes and increased opportunities across global markets

Execution Services$173.5M-19.1% YoY

Decline driven by absence of prior-year RFQ-hub sale gain recorded in Other, net

Within Execution Services

Commissions, net and technology services$163.6M+17.3% YoY

Strengthened institutional engagement and higher client volumes

Corporate$7.3MNM YoY

Non-operating segment holding strategic investments and unallocated corporate items

Largest Expense Items

Brokerage, exchange, clearance fees and payments for order flow, net$259.0M+28.2% YoY

Direct costs of executing and clearing transactions vary with level of trading activity

Employee compensation and payroll taxes$216.7M+59.1% YoY

Increase in accrued incentive compensation tied to overall profitability and cash/stock award mix

Interest and dividends expense$205.3M+24.3% YoY

Higher interest on cash collateral from increased securities lending and higher dividends on short positions

Communication and data processing$69.7M+13.5% YoY

Increased spending on hardware, software, and communication networks maintained by joint venture

Margins: GAAP net income margin fell to 23.9% from 29.3% YoY and Adjusted EBITDA margin fell to 60.8% from 65.1%, as compensation and interest expense grew faster than Adjusted Net Trading Income despite a 26.4% increase in the latter.

Watch Items from the Filing

New patent infringement suit (SpectraNet, filed May 2026) alleges Virtu's shortwave trading methods infringe three patents, seeking treble damages and an injunction or ongoing royalty.
SEC information-barriers case resolved in December 2025 with a $2.5M penalty and injunction, but related securities and derivative class actions (In re Virtu Financial Securities Litigation, In re Virtu Financial Derivative Litigation) remain pending.
Subsequent to quarter-end, the Company added $500.0M of incremental Term B-2 Loans (July 23, 2026), bringing total Term B-2 balance to $2,029.6M.
Execution Services segment revenue fell 19.1% YoY to $173.5M, though the decline was driven by the absence of a one-time $67.0M RFQ-hub sale gain rather than core commissions, which grew 17.3%.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.2B

Net Income

Q2 2026

$150.9M

Free Cash Flow

Q2 2026

$98.1M

Operating Margin

Q2 2026

28.8%

ROIC

Q2 2026

35.2%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+26.2% YoY

$3.63BFY 2025

FY22 $2.36BFY23 $2.29BFY24 $2.88BFY25 $3.63B

Net Income

+69.4% YoY

$468.4MFY 2025

FY22 $265.0MFY23 $142.0MFY24 $276.4MFY25 $468.4M

EPS (Diluted)

+72.7% YoY

$5.13FY 2025

FY22 $2.44FY23 $1.42FY24 $2.97FY25 $5.13

Total Assets

+31.2% YoY

$20.15BFY 2025

FY22 $10.58BFY23 $14.47BFY24 $15.36BFY25 $20.15B

Total Debt

+17.2% YoY

$2.04BFY 2025

FY22 $1.80BFY23 $1.73BFY24 $1.74BFY25 $2.04B

Op. Cash Flow

-13.5% YoY

$518.4MFY 2025

FY22 $706.8MFY23 $491.8MFY24 $599.0MFY25 $518.4M

Free Cash Flow

-15.5% YoY

$495.6MFY 2025

FY22 $679.6MFY23 $454.0MFY24 $586.6MFY25 $495.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.63B +26.2%	$2.88B +25.4%	$2.29B -3.0%	$2.36B -15.9%	$2.81B -13.2%	$3.24B
Net Income	$468.4M +69.4%	$276.4M +94.6%	$142.0M -46.4%	$265.0M -44.4%	$476.9M -26.5%	$649.2M
EPS (Diluted)	$5.13 +72.7%	$2.97 +109.2%	$1.42 -41.8%	$2.44 -37.6%	$3.91 -24.2%	$5.16
Total Assets	$20.15B +31.2%	$15.36B +6.2%	$14.47B +36.7%	$10.58B +2.6%	$10.32B +3.6%	$9.97B
Total Debt	$2.04B +17.2%	$1.74B +0.8%	$1.73B -3.8%	$1.80B +7.8%	$1.67B -2.2%	$1.70B
Operating Cash Flow	$518.4M -13.5%	$599.0M +21.8%	$491.8M -30.4%	$706.8M -39.7%	$1.17B +10.4%	$1.06B
Free Cash Flow	$495.6M -15.5%	$586.6M +29.2%	$454.0M -33.2%	$679.6M -40.8%	$1.15B +11.2%	$1.03B

Get alerted when VIRT's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for Virtu Financial, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of VIRT

BlackRock, Inc.
$698.5M11,725,337 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$356.4M5,982,692 sh
FMR LLC
$281.5M4,724,931 sh
VANGUARD CAPITAL MANAGEMENT LLC
$220.9M3,709,026 sh
STATE STREET CORP
$182.8M3,068,091 sh
RENAISSANCE TECHNOLOGIES LLC
$170.9M2,868,268 sh
AQR CAPITAL MANAGEMENT LLC
$169.6M2,847,444 sh
Allspring Global Investments Holdings, LLC
$147.3M2,386,209 sh
Portolan Capital Management, LLC
$127.6M2,142,215 sh
DIMENSIONAL FUND ADVISORS LP
$108.7M1,825,725 sh

Fund	Value	Shares
BlackRock, Inc.	$698.5M	11,725,337
VANGUARD PORTFOLIO MANAGEMENT LLC	$356.4M	5,982,692
FMR LLC	$281.5M	4,724,931
VANGUARD CAPITAL MANAGEMENT LLC	$220.9M	3,709,026
STATE STREET CORP	$182.8M	3,068,091
RENAISSANCE TECHNOLOGIES LLC	$170.9M	2,868,268
AQR CAPITAL MANAGEMENT LLC	$169.6M	2,847,444
Allspring Global Investments Holdings, LLC	$147.3M	2,386,209
Portolan Capital Management, LLC	$127.6M	2,142,215
DIMENSIONAL FUND ADVISORS LP	$108.7M	1,825,725

Companies Similar to VIRT

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

IBKR

Interactive Brokers Group, Inc.

AI score

Similar quality profile · 7 shared holders

CONGRESS ASSET MANAGEMENT CO /MA Holocene Advisors, LP Greenwich Wealth Management LLC

PLMR

Palomar Holdings, Inc.

AI score

Similar quality profile · 12 shared holders

Stephens Investment Management Group LLC Clark Capital Management Group, Inc.PEREGRINE CAPITAL MANAGEMENT LLC

UCB

UNITED COMMUNITY BANKS INC

AI score

Similar quality profile · 14 shared holders

Interval Partners, LP PEREGRINE CAPITAL MANAGEMENT LLC Capitolis Liquid Global Markets LLC

CFG

CITIZENS FINANCIAL GROUP INC/RI

AI score

Similar quality profile · 13 shared holders

Artisan Partners Limited Partnership Bridgewater Associates, LP MACQUARIE GROUP LTD

RNST

RENASANT CORP

AI score

Similar quality profile · 10 shared holders

PEREGRINE CAPITAL MANAGEMENT LLC Brandywine Global Investment Management, LLC Artemis Investment Management LLP

WTFC

WINTRUST FINANCIAL CORP

AI score

Similar quality profile · 20 shared holders

Holocene Advisors, LP CONGRESS ASSET MANAGEMENT CO /MA Clark Capital Management Group, Inc.

HLNE

Hamilton Lane INC

AI score

Similar quality profile · 11 shared holders

CONGRESS ASSET MANAGEMENT CO /MA Holocene Advisors, LP SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC

FHB

FIRST HAWAIIAN, INC.

AI score

Similar quality profile · 17 shared holders

Bridgewater Associates, LP HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Edgestream Partners, L.P.

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Financials Companies

View all Financials →

AAAU

Goldman Sachs Physical Gold ETF

AAC

Ares Acquisition Corp III

AACB

Artius II Acquisition Inc.

AACI

Armada Acquisition Corp. III

AACO

Abony Acquisition Corp. I

AACP

Apogee Acquisition Corp

AAME

ATLANTIC AMERICAN CORP

AAMI

Acadian Asset Management Inc.

Put VIRT on your watchlist

Track score changes the day Virtu Financial, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is VIRT a good stock to buy?

13F Pro's AI-powered analysis of Virtu Financial, Inc. (VIRT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VIRT are available on the VIRT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. VIRT is classified as a mid company.

Which hedge funds own VIRT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VIRT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Virtu Financial, Inc.'s investment landscape.