Virtu Financial (Virtu Financial) Gross Margin % : 62.57% (As of Mar. 2024)

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What is Virtu Financial Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Virtu Financial's Gross Profit for the three months ended in Mar. 2024 was $402 Mil. Virtu Financial's Revenue for the three months ended in Mar. 2024 was $643 Mil. Therefore, Virtu Financial's Gross Margin % for the quarter that ended in Mar. 2024 was 62.57%.

The historical rank and industry rank for Virtu Financial's Gross Margin % or its related term are showing as below:

VIRT' s Gross Margin % Range Over the Past 10 Years
Min: 49.22 Med: 58.75 Max: 68.49
Current: 61.39

During the past 13 years, the highest Gross Margin % of Virtu Financial was 68.49%. The lowest was 49.22%. And the median was 58.75%.

VIRT's Gross Margin % is ranked better than
63.14% of 605 companies
in the Capital Markets industry
Industry Median: 49.2 vs VIRT: 61.39

Virtu Financial had a gross margin of 62.57% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Virtu Financial was -0.60% per year.

Virtu Financial Gross Margin % Historical Data

The historical data trend for Virtu Financial's Gross Margin % 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.

* Premium members only.

Virtu Financial Gross Margin % Chart

Virtu Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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49.22

64.43

60.10

57.29

60.65

Virtu Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															59.87	56.98	65.01	59.90	62.57

Competitive Comparison of Virtu Financial's Gross Margin %

For the Capital Markets subindustry, Virtu Financial's Gross Margin %, along with its competitors' market caps and Gross Margin % 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's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Virtu Financial's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Virtu Financial's Gross Margin % falls into.

Virtu Financial Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Virtu Financial's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1391	/	2293.373
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2293.373 - 902.397)	/	2293.373
	=	60.65 %

Virtu Financial's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	402.2	/	642.839
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(642.839 - 240.622)	/	642.839
	=	62.57 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Virtu Financial (NAS:VIRT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Virtu Financial had a gross margin of 62.57% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Virtu Financial Gross Margin % Related Terms

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Virtu Financial (Virtu Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (NAS:VIRT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

VIRT:Mexico 0VF:Germany

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It 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 global 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; Singapore; Canada; Australia and Other Countries.

Executives

Joseph Molluso	officer: EX VP & CFO	645 MADISON AVENUE, NEW YORK NY 10022-1010
Douglas A Cifu	director, officer: CEO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Brett Fairclough	officer: COO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Joanne Minieri	director	100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Stephen Cavoli	officer: EVP	300 VESEY STREET, NEW YORK NY 10282
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Coral Blue Investment Pte. Ltd.	10 percent owner	168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912
North Island Ventures, Llc	10 percent owner	51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019
Sean Galvin	officer: CFO	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Temasek Holdings (private) Ltd	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Joseph C. Grano	director	1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Alexander M. Ioffe	officer: CFO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Hyungtaek Kim	officer: CAO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006