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Side-by-side financial comparison of Virtu Financial, Inc. (VIRT) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 4.8%, a 26.8% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 7.3%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs 0.4%).
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
VIRT vs XPO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $346.6M | $101.0M |
| Gross Margin | — | — |
| Operating Margin | 37.4% | 8.3% |
| Net Margin | 31.6% | 4.8% |
| Revenue YoY | 30.7% | 7.3% |
| Net Profit YoY | 82.8% | 46.4% |
| EPS (diluted) | $1.99 | $0.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.1B | $2.1B | ||
| Q4 25 | $969.9M | $2.0B | ||
| Q3 25 | $824.8M | $2.1B | ||
| Q2 25 | $999.6M | $2.1B | ||
| Q1 25 | $837.9M | $2.0B | ||
| Q4 24 | $834.3M | $1.9B | ||
| Q3 24 | $706.8M | $2.1B | ||
| Q2 24 | $693.0M | $2.1B |
| Q1 26 | $346.6M | $101.0M | ||
| Q4 25 | $139.9M | $59.0M | ||
| Q3 25 | $77.6M | $82.0M | ||
| Q2 25 | $151.2M | $106.0M | ||
| Q1 25 | $99.7M | $69.0M | ||
| Q4 24 | $94.1M | $75.0M | ||
| Q3 24 | $60.0M | $95.0M | ||
| Q2 24 | $66.6M | $150.0M |
| Q1 26 | 37.4% | 8.3% | ||
| Q4 25 | 35.4% | 7.1% | ||
| Q3 25 | 21.8% | 7.8% | ||
| Q2 25 | 34.7% | 9.5% | ||
| Q1 25 | 26.7% | 7.7% | ||
| Q4 24 | 24.3% | 7.8% | ||
| Q3 24 | 20.8% | 8.6% | ||
| Q2 24 | 22.4% | 9.5% |
| Q1 26 | 31.6% | 4.8% | ||
| Q4 25 | 14.4% | 2.9% | ||
| Q3 25 | 9.4% | 3.9% | ||
| Q2 25 | 15.1% | 5.1% | ||
| Q1 25 | 11.9% | 3.5% | ||
| Q4 24 | 11.3% | 3.9% | ||
| Q3 24 | 8.5% | 4.6% | ||
| Q2 24 | 9.6% | 7.2% |
| Q1 26 | $1.99 | $0.85 | ||
| Q4 25 | $1.54 | $0.49 | ||
| Q3 25 | $0.86 | $0.68 | ||
| Q2 25 | $1.65 | $0.89 | ||
| Q1 25 | $1.08 | $0.58 | ||
| Q4 24 | $1.03 | $0.63 | ||
| Q3 24 | $0.64 | $0.79 | ||
| Q2 24 | $0.71 | $1.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $973.2M | $237.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $2.2B | $1.9B |
| Total Assets | $25.1B | $8.2B |
| Debt / EquityLower = less leverage | — | 1.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $973.2M | $237.0M | ||
| Q4 25 | $1.1B | $310.0M | ||
| Q3 25 | $707.9M | $335.0M | ||
| Q2 25 | $752.1M | $225.0M | ||
| Q1 25 | $723.6M | $212.0M | ||
| Q4 24 | $872.5M | $246.0M | ||
| Q3 24 | $701.4M | $378.0M | ||
| Q2 24 | $684.8M | $250.0M |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $2.2B | $1.9B | ||
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | $25.1B | $8.2B | ||
| Q4 25 | $20.2B | $8.2B | ||
| Q3 25 | $21.3B | $8.2B | ||
| Q2 25 | $19.3B | $8.1B | ||
| Q1 25 | $17.5B | $7.9B | ||
| Q4 24 | $15.4B | $7.7B | ||
| Q3 24 | $14.4B | $7.9B | ||
| Q2 24 | $13.9B | $7.7B |
| Q1 26 | — | 1.77× | ||
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.41× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $183.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $183.0M | ||
| Q4 25 | $518.4M | — | ||
| Q3 25 | $-68.7M | $371.0M | ||
| Q2 25 | $62.8M | $247.0M | ||
| Q1 25 | $15.0M | $142.0M | ||
| Q4 24 | $599.0M | $189.0M | ||
| Q3 24 | $112.1M | $264.0M | ||
| Q2 24 | $490.8M | $210.0M |
| Q1 26 | — | — | ||
| Q4 25 | $495.6M | — | ||
| Q3 25 | $-76.7M | $215.0M | ||
| Q2 25 | $57.6M | $51.0M | ||
| Q1 25 | $9.2M | $-57.0M | ||
| Q4 24 | $586.6M | $23.0M | ||
| Q3 24 | $106.2M | $137.0M | ||
| Q2 24 | $486.9M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | — | ||
| Q3 25 | -9.3% | 10.2% | ||
| Q2 25 | 5.8% | 2.5% | ||
| Q1 25 | 1.1% | -2.9% | ||
| Q4 24 | 70.3% | 1.2% | ||
| Q3 24 | 15.0% | 6.7% | ||
| Q2 24 | 70.3% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 5.3% | ||
| Q3 25 | 1.0% | 7.4% | ||
| Q2 25 | 0.5% | 9.4% | ||
| Q1 25 | 0.7% | 10.2% | ||
| Q4 24 | 1.5% | 8.6% | ||
| Q3 24 | 0.8% | 6.2% | ||
| Q2 24 | 0.6% | 9.1% |
| Q1 26 | — | 1.81× | ||
| Q4 25 | 3.71× | — | ||
| Q3 25 | -0.89× | 4.52× | ||
| Q2 25 | 0.42× | 2.33× | ||
| Q1 25 | 0.15× | 2.06× | ||
| Q4 24 | 6.37× | 2.52× | ||
| Q3 24 | 1.87× | 2.78× | ||
| Q2 24 | 7.37× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
XPO
Segment breakdown not available.
