Filing Flows › Virtus Investment Partners (VRTS) › Q2 2026
Virtus Investment Partners (VRTS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Virtus Investment Partners (VRTS) reported revenue of $201M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +0.9% from the quarter before. Operating margin was 13.6%, net earnings $45.3M (22.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | +0.9% | -4% |
| Operating profit | $27.3M | +77% | -40% |
| Net earnings | $45.3M | +536% | +7% |
| Operating cash flow | $57.4M | +60% | -24% |
| Free cash flow | $56.1M | +67% | -24% |
What changed
Revenue was $201.4M in Q2 2026, down 4% year over year and up 1% from the previous quarter. Open-end funds was the largest line at 31% of revenue. Retail separate accounts lost $9.1M year over year (down 18%), 100% of the total change.
Operating profit was $27.3M, a 13.6% margin (down 7.9 points year over year). Total costs grew 5% against a revenue fall of 4%. Net earnings were $45.3M, up 7% year over year ($44.6M including minority interests, which bore $699K of losses). The effective tax rate was 15.9%. Non-operating items added $25.7M, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $57.4M (down 24% year over year), 129% of net earnings. Non-cash charges added back $22.5M of depreciation and amortization and $10.9M of share-based compensation. Working capital and other items used $20.6M. Capital expenditures of $1.3M left free cash flow of $56.1M.
Questions
What was Virtus Investment Partners' revenue in the second quarter 2026?
Virtus Investment Partners (VRTS) reported revenue of $201M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +0.9% from the quarter before.
Was Virtus Investment Partners profitable in the second quarter 2026?
Operating profit was $27.3M (13.6% of revenue) and net earnings $45.3M.