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VIRT
ACCE-researched

Virtu Financial Inc. Class A Common Stock (VIRT) fair value

Financial Services · Capital Markets · NYSE · United States
$55.93-0.57%
Market cap $5.0BNext earnings 2026-11-05Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 23% below our fair value
Price
$55.93
Model fair valueConfidence: good
$72.20
Model range
$56.83 to $87.56
Fair value $72.20
Price $55.93
2 models fit Virtu Financial Inc. Class A Common Stock and they disagree: 0 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Discount(i)Silver74
Valued as an asset manager: P/E comparison, Dividend discount, and Residual income.
ACCE opinionVirtu Financial Inc. Class A Common Stock (VIRT)
Fair value (2 models)
$72.20
ACCE price target
$58.00
Rating
Undervalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $71.46 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 28 Sept 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $55.93 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
22.5% below
+29.1% to fair value
ACCE score
79
out of 100
Analysts
57% buy
7 covering
P/E
9.5x
forward 8.4x
1-year return
+67.2%
Dividend yield
1.68%

Virtu Financial Inc. Class A Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Virtu Financial is an electronic market maker that quotes prices in equities, fixed income, currencies and commodities worldwide, and also sells execution tools and analytics to institutions. Its technology and scale let it capture small spreads across enormous volumes, and it tends to earn more when markets are volatile. Revenue grew 29.1% with a 36.3% operating margin and a 53.6% ROE. At 9.4x trailing and 8.4x forward earnings, the question is how much of this is cycle rather than trend.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Earnings decline amid revenue growth
    Revenue up 29.1% YoY but earnings down 1.2%. Margin compression or one-time charges warrant investigation into sustainability of profitability.
  • high
    ACCE score collapse
    Score fell 10 points in 90 days (89 to 79). Growth component dropped from likely higher level; QoQ revenue down 8.7% signals deceleration.
  • high
    Elevated leverage with cyclical earnings
    Debt/Equity 4.15 is high for a capital markets firm. Earnings volatility and recent YoY decline raise refinancing and covenant risk in a downturn.
  • moderate
    Insider selling, no buying
    Last 10 disclosures show $1.46M in sales and $0 in buys. Absence of insider conviction during a 10-point score decline is a weak signal.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue jumped 29.1% year over year while net margin expanded to 16.9%, showing strong operational leverage.
  • Free cash flow yield of 9.0% and active buybacks reducing share count by 2.9% support shareholder returns at current valuation.
Why it could disappoint
  • Return on invested capital of 3.7% is far below the cost of capital, meaning growth is not creating economic value.
  • Debt to equity of 4.15 leaves little room for error if trading revenue contracts during a low-volatility period.
  • Earnings per share missed expectations by 7.1% despite 29.1% revenue growth, signaling margin compression or mix deterioration.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

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Valuation

INVESTOR
Where VIRT's valuation models land
Price
$55.93
Model fair value
$72.20
Model range
$56.83 to $87.56
Fair value $72.20
Price $55.93
The price is below the whole model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Residual income
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Mixed57% buy · 7 covering analysts
● Strong buy 2● Buy 2● Hold 2● Sell 0● Strong sell 1
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-1.6%
1 month
+5.5%
3 months
-6.4%
6 months
+15.2%
YTD
+67.9%
1 year
+67.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
24 Oct 2026, 16:06 CESTRatingUndervaluedfirst publication$55.93
24 Oct 2026, 16:06 CESTFair value$72.20$71.46$55.93
12 Oct 2026, 00:00 CESTFair value$71.46$74.86$57.51
9 Oct 2026, 00:00 CESTFair value$74.86$64.23$58.81
7 Oct 2026, 00:00 CESTFair value$64.23$61.72$62.88
5 Oct 2026, 00:00 CESTFair value$61.72$73.36$58.79
28 Sept 2026, 00:00 CESTACCE price target$58.00first publication$53.40
26 Sept 2026, 00:00 CESTFair value$73.36$61.19$52.66
24 Sept 2026, 00:00 CESTFair value$61.19$63.10$54.49
17 Sept 2026, 00:00 CESTFair value$63.10$65.05$57.94

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth52Value100Quality79Momentum84Total79
Valuation
Trailing P/E
9.5x
Forward P/E
8.4x
PEG
no data
P/B
2.51x
EV / Revenue
3.5x
Book value/sh
$21.17
Enterprise value
$14.4B
Profitability
ROE
53.6%
FCF yield
9.16%
ROIC
3.6%
Health and risk
Debt / equity
5.67
Dividend yield
1.68%
Beta
0.65

Price

+66.7% · 1Y

Ask anything about VIRT

Answered from Virtu Financial Inc. Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 83% of peers
low 0.0x9.5xhigh 29.7x
ROEbetter than 100% of peers
low -1212%54%high 54%
Div yieldbetter than 83% of peers
low 0.0%1.7%high 1.9%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
VIRT Virtu Financial Inc. Class A Common Stock$55.93$7223% below9.5x53.6%7979
FIGR Figure Technology Solutions Inc. Class A Common Stock$23.19$1826% above27.3x26.1%9663
BGC BGC Group Inc. Class A Common Stock$11.79$925% above29.7x15.9%6268
WULF TeraWulf Inc. Common Stock$11.32----1211.8%2918
MKTX MarketAxess Holdings Inc. Common Stock$164.67$8985% above19.5x23.1%9559
MOTILALOFS.NS Motilal Oswal Financial Services Limited₹925.80--28.7x-8170
PJT PJT Partners Inc. Class A Common Stock$140.94--18.6x37.6%8168

Sector report card

Where VIRT ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Oct 7, 2026
    Virtu Financial to Host Conference Call Announcing Third Quarter 2026 Results on Thursday, November 5, 2026
  • GlobeNewswire•Sep 28, 2026
    Virtu Financial Announces Launch of Block Crossing for Equity Securities Listed on the Saudi Exchange
  • GlobeNewswire•Sep 8, 2026
    Abu Dhabi Securities Exchange and Virtu Financial Announce the Launch of Block Crossing for Equity Securities Listed on Abu Dhabi Securities Exchange
2 more press releases · full archive on Investor+.INVESTOR
40 filings
August 2026
Aug 31
Form 4Insider transactionPeriod 2026-08-28
View on SEC →
Aug 24
Form 4Insider transactionPeriod 2026-05-01
View on SEC →
Aug 21
8-KCurrent reportPeriod 2026-08-19
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR