VIRT (Virtu Financial) EBIT: $2,150 Mil (TTM As of Jun. 2026)

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VIRT Virtu Financial Inc VIRT
80 GF Score
Price $61.19
GF Value $45.13
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Virtu Financial EBIT?

Virtu Financial VIRT +2.02% 80 EBIT is $2,150 Mil as of Jun. 2026. GuruFocus rates VIRT with a GF Score™ of 80/100 and a GF Value™ of $45.13 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Virtu Financial's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was $583 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $2,150 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Virtu Financial's annualized ROC % for the quarter that ended in Jun. 2026 was 8.44%. Virtu Financial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 118.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Virtu Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.81%.


Virtu Financial  (NYSE:VIRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Virtu Financial's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=2339.844 * ( 1 - 16.82% )/( (21936.485 + 24168.21)/ 2 )
=1946.2822392/23052.3475
=8.44 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25115.26 - 2205.55 - ( 973.225 - max(0, 2360.523 - 5139.005+973.225))
=21936.485

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=27477.122 - 2239.658 - ( 1069.254 - max(0, 2593.599 - 4650.43+1069.254))
=24168.21

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Virtu Financial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2330.6/( ( (304.889 + max(1960.23, 0)) + (325.02 + max(1341.518, 0)) )/ 2 )
=2330.6/( ( 2265.119 + 1666.538 )/ 2 )
=2330.6/1965.8285
=118.56 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4108.804 + 0 + 56.976) - (2205.55 + 0 + 0)
=1960.23

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3517.417 + 0 + 63.759) - (2239.658 + 0 + 4.5474735088646E-13)
=1341.518

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Virtu Financial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=2149.891/15568.593
=13.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Virtu Financial EBIT Related Terms


Virtu Financial EBIT Historical Data

* Premium members only.

The historical data trend for Virtu Financial's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Virtu Financial EBIT Chart

Virtu Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,216.58 879.89 924.89 1,271.95 1,874.64

Virtu Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 544.78 378.98 565.92 622.34 582.65

VIRT vs PIPR, MC, BGC: EBIT Comparison

For the Capital Markets subindustry, Virtu Financial's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtu Financial EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Virtu Financial's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Virtu Financial's EV-to-EBIT falls into.


VIRT
80GF Score
Virtu Financial Inc VIRT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Virtu Financial EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,150 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $2,150 Mil mean?
Virtu Financial (VIRT) has a EBIT of $2,150 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Virtu Financial.
Is Virtu Financial's EBIT too high?
Virtu Financial's current EBIT is $2,150 Mil. Overall, Virtu Financial has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virtu Financial's EBIT compare to PIPR and MC?
Virtu Financial's EBIT of $2,150 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Virtu Financial. Virtu Financial's current EBIT is $2,150 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtu Financial stock overvalued right now?
Based on GuruFocus' analysis, Virtu Financial (VIRT) is currently considered Significantly Overvalued. The stock's GF Value™ is $45.13, compared to a current price of $61.19 — trading 35.6% above its estimated fair value. The current EBIT is $2,150 Mil. Virtu Financial's overall GF Score™ is 80/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Virtu Financial (VIRT), the current EBIT is $2,150 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Virtu Financial (VIRT) Overvalued in 2026?

Based on GuruFocus' analysis, Virtu Financial stock appears to be overvalued. The current stock price of $61.19 is trading 35.6% above its estimated GF Value™ of $45.13. GuruFocus considers Virtu Financial to be Significantly Overvalued.

Key valuation signals for VIRT:

  • EBIT: $2,150 Mil
  • GF Value™: $45.13 vs. price of $61.19 (35.6% above fair value)
  • GF Score™: 80/100 with 12 warning signs

No single metric tells the full story. See the VIRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virtu Financial Business Description

Address 1633 Broadway, New York, NY, USA, 10019
Virtu Financial Inc is a financial firm that leverages technology to deliver liquidity to the world-wide markets and transparent trading solutions to its clients. The company's operating segment includes Market Making; and Execution Services. The non-operating segment of the company includes the Corporate segment. The company generates maximum revenue from the market-making segment. The Market Making segment principally consists of market-making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland and Other Countries.
80GF Score

Get the complete analysis for VIRT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$61.19
Price
$45.13
GF Value