Filing Flows › Virtus Investment Partners (VRTS) › Q2 2026 › vs Q1 2026
Virtus Investment Partners (VRTS) Q2 2026 vs Q1 2026 (quarter over quarter)
Virtus Investment Partners's revenue rose $1.8M (+0.9%) from $200M in Q1 2026 to $201M in Q2 2026. The biggest changes: Investment management fees +$1.7M (+1%); Distribution and service fees +$125K (+1%); Other income and fees −$44K (-3%). Operating margin 13.6% against 7.7% (+5.8 pts).
Virtus Investment Partners, Q2 2026: revenue $201M (-4% year over year), operating margin 13.6%, net earnings $45.3M, operating cash flow $57.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 7.7% | +5.8 pts |
| Net margin | 22.5% | 3.6% | +18.9 pts |
| Free cash flow margin | 27.9% | 16.8% | +11.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Open-end funds | $61.5M | $63.7M | −$2.3M | -4% |
| Retail separate accounts | $42.7M | $47.3M | −$4.6M | -10% |
| Institutional accounts | $37.9M | $37.3M | $596K | +2% |
| Closed-end funds | $28.8M | $20.8M | $8.0M | +39% |
| Investment management fees | $171M | $169M | $1.7M | +1% |
| Administration and shareholder service fees | $17.3M | $17.3M | $29K | +0.2% |
| Distribution and service fees | $11.8M | $11.6M | $125K | +1% |
| Other income and fees | $1.4M | $1.5M | −$44K | -3% |
| Revenue | $201M | $200M | $1.8M | +0.9% |
| Other income, net | $25.7M | −$2.1M | $27.8M | — |
| Operating profit | $27.3M | $15.4M | $11.9M | +77% |
| Costs & expenses | $174M | $184M | −$10.0M | -5% |
| Pre-tax earnings | $53.0M | $13.3M | $39.7M | +299% |
| Loss borne by minority interests | $699K | $974K | −$275K | -28% |
| Net earnings | $45.3M | $7.1M | $38.2M | +536% |
| Income tax | $8.4M | $7.2M | $1.3M | +18% |
| Depreciation & amortization | $22.5M | $17.7M | $4.8M | +27% |
| Share-based compensation | $10.9M | $5.2M | $5.7M | +111% |
| Working capital & other | $21.3M | −$5.9M | $27.2M | — |
| Operating cash flow | $57.4M | $35.9M | $21.5M | +60% |
| Free cash flow (OCF − capex) | $56.1M | $33.5M | $22.5M | +67% |
| Capital expenditures | $1.3M | $2.4M | −$1.0M | -43% |
Questions
How much did Virtus Investment Partners's revenue grow quarter over quarter in Q2 2026?
Virtus Investment Partners's revenue rose $1.8M (+0.9%) from $200M in Q1 2026 to $201M in Q2 2026.
What drove Virtus Investment Partners's revenue change in Q2 2026?
Investment management fees +$1.7M (+1%); Distribution and service fees +$125K (+1%); Other income and fees −$44K (-3%).