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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 912,264 $ 534,535 $ 263,921
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 64,420 65,816 63,306
Amortization of purchased intangibles and acquired capitalized software 47,132 50,471 63,960
Debt issue cost related to debt refinancing and prepayment 0 22,563 1,098
Amortization of debt issuance costs and deferred financing fees 7,136 6,861 11,388
Termination of office leases (5,982) 16,224 455
Share-based compensation 100,403 75,475 63,933
Deferred taxes 39,273 4,247 19,069
Gain on sale of RFQ-hub (66,988) 0 0
Other (9,216) (37,145) (12,795)
Changes in operating assets and liabilities:      
Securities borrowed (896,609) (572,089) (534,766)
Securities purchased under agreements to resell (4,988) 528,173 (1,175,115)
Receivables from broker-dealers and clearing organizations (795,873) (363,320) 290,193
Trading assets, at fair value (2,748,905) (444,041) (2,728,059)
Receivables from customers (11,757) (43,559) (25,415)
Operating lease right-of-use assets (39,126) 44,422 (42,057)
Other assets (123,177) (57,404) 20,331
Securities loaned 1,045,953 1,102,432 269,014
Securities sold under agreements to repurchase 133,851 (524,206) 1,168,445
Payables to broker-dealers and clearing organizations 82,282 (244,057) 886,208
Payables to customers (3,009) 22,883 (23,296)
Trading liabilities, at fair value 2,664,292 369,619 1,874,378
Operating lease liabilities 31,344 (48,492) 39,115
Accounts payable, accrued expenses and other liabilities 95,666 89,583 (1,534)
Net cash provided by (used in) operating activities 518,386 598,991 491,777
Cash flows from investing activities      
Development of capitalized software (40,697) (41,886) (38,355)
Acquisition of property and equipment (22,802) (12,427) (37,774)
Proceeds from sale of RFQ-hub 37,932 0 0
Other investing activities (15,055) (7,534) (18,355)
Net cash provided by (used in) investing activities (40,622) (61,847) (94,484)
Cash flows from financing activities      
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest (349,347) (299,403) (306,136)
Repurchase of Class C common stock (1,566) 0 (1,566)
Purchase of treasury stock (188,794) (191,138) (229,012)
Stock options exercised 15,461 13,210 0
Short-term borrowings, net (26,159) 38,541 (3,944)
Proceeds from long-term borrowings 1,545,000 1,741,888 0
Repayment of long-term borrowings (1,245,000) (1,727,000) (73,000)
Proceeds from interest rate swaps 0 1,955 55,830
Payment of tax receivable agreement obligations (20,773) (20,226) (23,275)
Debt issuance costs (9,867) (27,392) (3,929)
Net cash provided by (used in) financing activities (281,045) (469,565) (585,032)
Effect of exchange rate changes on cash and cash equivalents 15,731 (9,048) 4,957
Net increase (decrease) in cash and cash equivalents 212,450 58,531 (182,782)
Cash, cash equivalents, and restricted or segregated cash, beginning of period 913,991 855,460 1,038,242
Cash, cash equivalents, and restricted or segregated cash, end of period 1,126,441 913,991 855,460
Supplementary disclosure of cash flow information      
Cash paid for interest 654,622 586,279 632,263
Cash paid for taxes 121,948 43,418 38,687
Non-cash investing activities      
Share-based and accrued incentive compensation to developers relating to capitalized software 24,983 23,162 19,691
Non-cash financing activities      
Tax receivable agreement described in Note 5 (4,497) (209) (3,787)
Repurchase of Class C common stock (1,018) (76) (2,330)
Purchase of treasury stock $ (406) $ (1,340) $ 0