Virtu Financial, Inc. (VIRT) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 18.25%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 18.25% | Share-based compensation / revenue. Period ending 2026-06-30. $123.77M ÷ $678.03M × 100 ≈ 18.25% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 678.03M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 123.77M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | (m) | |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $678.03M | $123.77M | (m) | (m) | (m) | 18.25% | (m) | (m) |
| 2026-03-31 | (m) | $652.34M | $112.97M | (m) | (m) | (m) | 17.32% | (m) | (m) |
| 2025-12-31 | (m) | $617.02M | $100.40M | (m) | (m) | (m) | 16.27% | (m) | (m) |
| 2025-09-30 | (m) | $600.10M | $95.88M | (m) | (m) | (m) | 15.98% | (m) | (m) |
| 2025-06-30 | (m) | $577.24M | $86.94M | (m) | (m) | (m) | 15.06% | (m) | (m) |
| 2025-03-31 | (m) | $549.48M | $82.33M | (m) | (m) | (m) | 14.98% | (m) | (m) |
| 2024-12-31 | (m) | $516.78M | $75.47M | (m) | (m) | (m) | 14.60% | (m) | (m) |
| 2024-09-30 | (m) | $490.71M | $67.77M | (m) | (m) | (m) | 13.81% | (m) | (m) |
| 2024-06-30 | (m) | $469.36M | $65.17M | (m) | (m) | (m) | 13.89% | (m) | (m) |
| 2024-03-31 | (m) | $452.76M | $63.38M | (m) | (m) | (m) | 14.00% | (m) | (m) |
| 2023-12-31 | (m) | $455.60M | $63.93M | (m) | (m) | (m) | 14.03% | (m) | (m) |
| 2023-09-30 | (m) | $459.09M | $63.49M | (m) | (m) | (m) | 13.83% | (m) | (m) |
| 2023-06-30 | (m) | $469.80M | $66.26M | (m) | (m) | (m) | 14.10% | (m) | (m) |
| 2023-03-31 | (m) | $496.63M | $69.09M | (m) | (m) | (m) | 13.91% | (m) | (m) |
| 2022-12-31 | (m) | $529.85M | $67.22M | (m) | (m) | (m) | 12.69% | (m) | (m) |
| 2022-09-30 | (m) | $555.78M | $68.33M | (m) | (m) | (m) | 12.29% | (m) | (m) |
| 2022-06-30 | (m) | $570.72M | $63.13M | (m) | (m) | (m) | 11.06% | (m) | (m) |
| 2022-03-31 | (m) | $577.50M | $56.69M | (m) | (m) | (m) | 9.82% | (m) | (m) |
| 2021-12-31 | (m) | $614.49M | $55.75M | (m) | (m) | (m) | 9.07% | (m) | (m) |
| 2021-09-30 | (m) | $618.86M | $60.59M | (m) | (m) | (m) | 9.79% | (m) | (m) |
| 2021-06-30 | (m) | $616.79M | $48.16M | (m) | (m) | (m) | 7.81% | (m) | (m) |
| 2021-03-31 | (m) | $621.41M | $50.36M | (m) | (m) | (m) | 8.10% | (m) | (m) |
| 2020-12-31 | (m) | $600.51M | $59.84M | (m) | (m) | (m) | 9.96% | (m) | (m) |
| 2020-09-30 | (m) | $590.98M | $53.55M | (m) | (m) | (m) | 9.06% | (m) | (m) |
| 2020-06-30 | (m) | $596.76M | $71.45M | (m) | (m) | (m) | 11.97% | (m) | (m) |
| 2020-03-31 | (m) | $594.14M | $72.09M | (m) | (m) | (m) | 12.13% | (m) | (m) |
| 2019-12-31 | (m) | $498.54M | $71.73M | (m) | (m) | (m) | 14.39% | (m) | (m) |
| 2019-09-30 | (m) | $403.57M | $65.09M | (m) | (m) | (m) | 16.13% | (m) | (m) |
| 2019-06-30 | (m) | $304.20M | $54.47M | (m) | (m) | (m) | 17.91% | (m) | (m) |
| 2019-03-31 | (m) | $205.64M | $44.70M | (m) | (m) | (m) | 21.74% | (m) | (m) |
| 2018-12-31 | (m) | $184.34M | $31.93M | (m) | (m) | (m) | 17.32% | (m) | (m) |
| 2018-09-30 | (m) | $1.12B | $37.87M | (m) | (m) | (m) | 3.38% | (m) | (m) |
| 2018-06-30 | (m) | $1.12B | $33.76M | (m) | (m) | (m) | 3.01% | (m) | (m) |
| 2018-03-31 | (m) | $1.70B | $31.56M | (m) | (m) | (m) | 1.86% | (m) | (m) |
| 2017-12-31 | (m) | $1.03B | $26.26M | (m) | (m) | (m) | 2.55% | (m) | (m) |
| 2017-09-30 | (m) | $734.11M | $24.35M | (m) | (m) | (m) | 3.32% | (m) | (m) |
| 2017-06-30 | (m) | $627.63M | $23.89M | (m) | (m) | (m) | 3.81% | (m) | (m) |
| 2017-03-31 | (m) | $656.92M | $23.58M | (m) | (m) | (m) | 3.59% | (m) | (m) |
| 2016-12-31 | (m) | $702.27M | $22.87M | (m) | (m) | (m) | 3.26% | (m) | (m) |
| 2016-09-30 | (m) | $708.53M | $12.08M | (m) | (m) | (m) | 1.71% | (m) | (m) |
| 2016-06-30 | (m) | $759.52M | $14.58M | (m) | (m) | (m) | 1.92% | (m) | (m) |
| 2016-03-31 | (m) | $767.32M | $59.60M | (m) | (m) | (m) | 7.77% | (m) | (m) |
| 2015-12-31 | (m) | $796.21M | $61.88M | (m) | (m) | (m) | 7.77% | (m) | (m) |
| 2015-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | (m) | $723.05M | $14.23M | (m) | (m) | (m) | 1.97% | (m) | (m) |
| 2014-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | (m) | $664.50M | $13.44M | (m) | (m) | (m) | 2.02% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.