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Robinhood Markets vs Virtu Financial: HOOD and VIRT compared
Robinhood Markets is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.2B for Virtu Financial (Q3 2026). Virtu Financial is growing faster (+40% against +12% a year earlier). Robinhood Markets is more profitable, with an operating margin of 43.3% against 28.7%.
Where the money goes: HOOD and VIRT
Robinhood Markets (HOOD) · Q3 2026
Robinhood Markets, Q3 2026: revenue $1.4B (+12% year over year), operating margin 43.3%, net earnings $468M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
Virtu Financial (VIRT) · Q3 2026
Virtu Financial, Q3 2026: revenue $1.2B (+40% year over year), operating margin 28.7%, net earnings $153M, operating cash flow $344M. The chart follows the revenue to costs, profit and cash.
| Robinhood Markets (HOOD) | Virtu Financial (VIRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $1.2B |
| Revenue growth, Y/Y | +12% | +40% |
| Operating margin | 43.3% | 28.7% |
| Net earnings | $468M | $153M |
| Net margin | 32.9% | 13.3% |
| Operating cash flow | $1.2B | $344M |
| Free cash flow | — | $281M |
| Market value | $72.5B | $4.8B |
| P/E | 36.8× | 4.0× |
| Analysts’ mean target | $128.87 | $69.43 |
Where the revenue comes from
Robinhood Markets
- Transaction-based revenues: $867M (61%)
- Event contracts: $173M (12%)
- Other revenues: $142M (10%)
- Equities: $121M (8%)
Questions
Which is bigger, Robinhood Markets or Virtu Financial?
Robinhood Markets is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $1.2B for Virtu Financial (Q3 2026).
Is Robinhood Markets or Virtu Financial growing faster?
Virtu Financial is growing faster (+40% against +12% a year earlier).
Which is more profitable, Robinhood Markets or Virtu Financial?
Robinhood Markets is more profitable, with an operating margin of 43.3% against 28.7%.
More: Robinhood Markets earnings · how Robinhood Markets makes money · Virtu Financial earnings · how Virtu Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.