Filing Flows › Virtus Investment Partners (VRTS) › Q3 2026
Virtus Investment Partners (VRTS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Virtus Investment Partners (VRTS) reported revenue of $198M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -2% from the quarter before. Operating margin was 17.4%, net earnings $22.1M (11.2% of revenue).
Virtus Investment Partners, Q3 2026: revenue $198M (-9% year over year), operating margin 17.4%, net earnings $22.1M, operating cash flow $75.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | -2% | -9% |
| Operating profit | $34.3M | +26% | -27% |
| Net earnings | $22.1M | -51% | -31% |
| Operating cash flow | $75.3M | +31% | -30% |
| Free cash flow | $74.4M | +33% | -30% |
What changed
Revenue was $197.6M in Q3 2026, down 9% year over year and down 2% from the previous quarter. Open-end funds was the largest line at 32% of revenue. Retail separate accounts lost $10.7M year over year (down 20%), 57% of the total change.
Operating profit was $34.3M, a 17.4% margin (down 4.4 points year over year). Total costs fell 4% while revenue fell 9%. Net earnings were $22.1M, down 31% year over year ($19.4M including minority interests, which bore $2.7M of losses). The effective tax rate was 34.3%.
Operating cash flow was $75.3M (down 30% year over year), 388% of net income including minority interests. Non-cash charges added back $22.5M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $29.7M. Capital expenditures of $883K left free cash flow of $74.4M.
Questions
What was Virtus Investment Partners' revenue in the third quarter 2026?
Virtus Investment Partners (VRTS) reported revenue of $198M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -2% from the quarter before.
Was Virtus Investment Partners profitable in the third quarter 2026?
Operating profit was $34.3M (17.4% of revenue) and net earnings $22.1M.