Virtu Financial, Inc. (VIRT) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Virtu Financial, Inc. stock $48.20, price $53.03, that is 9.1% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $14.80 – $67.93 · fair‑value band $9.64 – $121.15 · the $53.03 price screens above the $48.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
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Virtu Financial, Inc. operates as a financial services company in the United States, Ireland, and internationally. It operates in two segments, Market Making and Execution Services.
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The company is involved in buying and selling securities to broker dealers, banks and institutions; trading direct to clients, exchanges, alternative trading systems, and other market centers; cash trading business; and pre- and post-trade services, data products, and compliance tools.
It also provides agency execution services and trading venues for transparent trading in global equities, ETFs, fixed income, currencies, and commodities to institutions, banks, and broker dealers; agency-based and execution-only trading; workflow technology; trading analytics; foreign exchange, futures, and cryptocurrency products.
The company was founded in 2008 and is headquartered in New York, New York.
Stock analysis
Virtu Financial, Inc. (VIRT) currently trades at $53.03, while our model-based Fair Value estimate is $48.20, 9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $80.25 per share, and 4 of the 13 models we run sit above the $53.03 price.
Bear case: the Dividend Discount group reads lowest at $8.35, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $9.64 (bear) to $121.15 (bull), the price of $53.03 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Virtu Financial, Inc. reported revenue of $3.6B in FY2025 versus $2.8B in FY2021, a compound +6.6%/yr. Reported net income was $468M in FY2025, compounding −0.4%/yr from FY2021.
Key figures
Market cap $4.6B Mid · P/E ratio 8.9 · P/S ratio 1.39 · EPS (TTM) $5.93 · Dividend yield 1.8% · Net margin 16.9% · Return on equity 53.6% · Return on assets (EBIT) 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at −9%, VIRT screens cheaper than that median.
Fair Value models
Bear$9.64Fair Value $48.20Bull$121.15
Price $53.03 · Downside -9.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.22 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $3.0M and none bought.
SaleJoseph J Grano JrDirector8,400 shares at $60.94$511,896Aug 19, 2026
SaleVirginia GambaleDirector3× since Feb 5, 2026: 13,410 shares, avg. $53.03$711,145Aug 18, 2026
SaleJohn NixonDirector9,094 shares at $60.13$546,822Aug 17, 2026
SaleBrett FaircloughCo-President & Co-COO30,000 shares at $50.06$1.5MMay 8, 2026
SaleJoseph MollusoCo-President & Co-COO200,000 shares at $38.88$7.8MFeb 19, 2026
SaleStephen CavoliEVP3× since Jan 31, 2026: 143,551 shares, avg. $38.94Feb 17, 2026
Plus 12 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+26.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
Start year 2020 (pandemic). Over 10 years: +16.4% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.9%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 3.3% / 20.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.42% → 34%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−5.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.1% a year for the price and −7.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Virtu's main strength lies in observed high ROE from its core market-making, while its main weak point is high leverage combined with sector volatility that limits durability of advantages.
Main risk: Lower overall trading volumes and volatility would cut revenue from the core market-making engine that generates most income.
Virtu has rolled out its POSIT block-trading indications network to 245 liquid stocks on the Saudi Exchange via a local partner. The move adds execution capabilities in a fast-growing market alongside earlier steps in Abu Dhabi. At the same time the core market-making engine still generates most revenue from trading volumes and volatility. Will the new venues produce more consistent income or will results remain closely tied to overall market activity?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−9.1% · Below median
Profitability
Return on equity (12 months)53.6% · Top 25%
Return on assets4.5% · Above median
Net margin (12 months)32.9% · Above median
Operating margin (12 months)36.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)29.1% · Above median
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity5.50× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Virtu Financial, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/VIRT
Frequently asked questions
Is Virtu Financial, Inc. (VIRT) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $48.20 versus a price of $53.03, about 9% lower (overvalued).
What is the fair value of VIRT?
Our model-based fair value for Virtu Financial, Inc. is $48.20 (as of Nov 3, 2026), built from audited fundamentals. The current price: $53.03.
What is the quality score of VIRT?
Virtu Financial, Inc. has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Virtu Financial, Inc. (VIRT)?
Our model-based price target is the fair value of $48.20 (as of Nov 3, 2026) from 13 valuation models. Cautious scenario $9.64, optimistic scenario $121.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Virtu Financial, Inc. stock forecast for 2026?
Our models put fair value at $48.20, about 9% lower versus a price of $53.03 (overvalued). Cautious scenario $9.64, optimistic scenario $121.15. The calculation is refreshed regularly with new filings.
What is the revenue of Virtu Financial, Inc. (VIRT)?
Virtu Financial, Inc. reported trailing-twelve-month revenue of about $3.3B (latest available figure, as of Nov 3, 2026).
Does Virtu Financial, Inc. pay a dividend?
Virtu Financial, Inc. currently shows a dividend yield of 1.81% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Virtu Financial, Inc. (VIRT)?
For today's price to be fair in a discounted-cash-flow model, Virtu Financial, Inc. would have to grow free cash flow by +12.7 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of VIRT use?
Our models discount Virtu Financial, Inc. at 8.9 %: a base by market capitalisation (mid), damped by beta 0.65, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Virtu Financial, Inc. that is +12.7 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Virtu Financial, Inc. (VIRT) delivered so far?
Over the past 5 years revenue at Virtu Financial, Inc. grew +2.3 % a year. The price currently implies +12.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Virtu Financial, Inc. (VIRT) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Virtu Financial, Inc. (+12.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Virtu Financial, Inc. (VIRT)?
The free-cash-flow yield on the price is 9.86 %: that much free cash flow Virtu Financial, Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Virtu Financial, Inc. (VIRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Virtu Financial, Inc. it is $48.20 per share (as of Nov 3, 2026), against a price of $53.03. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Virtu Financial, Inc. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, VIRT trades above its calculated fair value: price $53.03, fair value $48.20, a gap of about −9% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIRT?
No. The price is what the market pays today ($53.03); the fair value is what the company's own numbers justify ($48.20). For Virtu Financial, Inc. the two are $4.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is Virtu Financial, Inc. worth?
The market values Virtu Financial, Inc. at about $4.6B (market capitalisation, as of Nov 3, 2026). Per share that is $53.03; our models calculate a fair value of $48.20 per share.
What do the bullish and bearish scenarios say about VIRT?
Our models span a range for Virtu Financial, Inc.: cautious scenario $9.64, base $48.20, optimistic $121.15 per share (as of Nov 3, 2026, price $53.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIRT?
Virtu Financial, Inc. trades at a price-to-earnings ratio of 8.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $48.20 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 5.4 (reported for FY2025: 9.7). Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), earnings ex one-offs: 4.9. Other multiples: P/B 2.9, P/S 2.8, EV/EBITDA 17.7.
How solid is the balance sheet of Virtu Financial, Inc. (VIRT)?
Balance-sheet figures for Virtu Financial, Inc. (as of Nov 3, 2026): return on equity 53.6%, debt of 5.50 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is VIRT from its 52-week high?
Virtu Financial, Inc. trades at $53.03, about 22% below its 52-week high of $67.93 and 65% above the low of $32.19 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $48.20 is for.
Which stocks are comparable to Virtu Financial, Inc.?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Virtu Financial, Inc. stock attractive at the current price?
The data as of Nov 3, 2026: price $53.03, calculated fair value $48.20 (−9%), Quality Score 53/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIRT calculated?
We run Virtu Financial, Inc. through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $48.20, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Virtu Financial, Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Virtu Financial, Inc. (VIRT)?
The closing price on Nov 4, 2026 was $53.03. Our model-based fair value is $48.20, about 9% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Virtu Financial, Inc. right now?
The model range is unusually wide ($9.64 to $121.15). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Virtu Financial, Inc. (VIRT) come from?
Earnings per share at Virtu Financial, Inc. grew +4.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.1 %, EBIT margin −0.3 %, tax rate −1.9 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Virtu Financial, Inc.
How large is the market capitalisation of Virtu Financial, Inc. (VIRT)?
The market capitalisation of Virtu Financial, Inc. is $4.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Virtu Financial, Inc. (VIRT)?
The price-to-sales ratio of Virtu Financial, Inc. is 1.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Virtu Financial, Inc. (VIRT)?
Earnings per share at Virtu Financial, Inc. are $5.93 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Virtu Financial, Inc. (VIRT)?
The dividend yield of Virtu Financial, Inc. is 1.8% (payout 9.0%, on adjusted earnings, reported 16.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Virtu Financial, Inc. (VIRT)?
The net margin of Virtu Financial, Inc. is 16.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Virtu Financial, Inc. (VIRT)?
The return on equity (ROE) of Virtu Financial, Inc. is 53.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Virtu Financial, Inc. (VIRT)?
On an EBIT basis the return on assets of Virtu Financial, Inc. is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Virtu Financial, Inc. (VIRT)?
The operating margin of Virtu Financial, Inc. is 36.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Virtu Financial, Inc. (VIRT)?
Revenue at Virtu Financial, Inc. is growing +29.1% versus a year earlier (3y avg +15.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Virtu Financial, Inc. (VIRT)?
Earnings per share at Virtu Financial, Inc. are growing −1.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Virtu Financial, Inc. (VIRT) carry?
The net debt of Virtu Financial, Inc. is $7.9B (fiscal year 2025, ≈ 17.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 3, 2026