Virtus Revenue Falls 9% to $197.6 Million in Third Quarter of 2026
Key Facts
Virtus Investment Partners reported GAAP revenue of $197.6 million in the third quarter of 2026, down 9% from $216.4 million in the same period a year earlier. The announcement came before the market opened on November 9, according to the company statement published via Nasdaq. The company had rescheduled the results release to allow more time to complete its quarter-end financial reporting procedures. The revenue decline puts the period’s key operating indicator at the forefront of the results. The figure also allows a direct comparison with third-quarter 2025 revenue, which the company reported in its results statement.
The company reported revenue of $199.5 million in the first quarter of 2026, down 8% year over year, according to its results published at the time. The comparison shows that the annual decline continued in the third quarter, with revenue falling 9% to $197.6 million. Assets under management stood at $149.0 billion on March 31, 2026, according to the first-quarter statement. That figure provides context for the scale of assets the company managed at the start of the year. The third-quarter assets-under-management result is not included in the figures available here.
On flows, Virtus recorded net outflows of $8.1 billion in the fourth quarter of 2025, compared with outflows of $3.9 billion in the previous quarter. The company said outflows in that quarter were driven by quality-oriented equity strategies. Over the same period, revenue fell 4% from the third quarter, which the company attributed to lower average assets under management. Operating expenses declined 1% quarter over quarter, partially offsetting the impact of lower revenue. These figures provide context on flow pressures and average assets ahead of the third-quarter 2026 results.
On capital returns, Virtus announced in August that it would raise its quarterly cash distribution to $2.45 per share. The company said the distribution would be paid on November 13 to shareholders of record on October 30. The payment date follows the third-quarter results announcement on November 9. The company’s stock closed at $127.35 on November 6, according to EL7 data. That close preceded the results announcement and does not on its own determine the stock’s movement after their release.