Earnings Releases·Nov 9, 2026, 7:01 AM ET

Virtus Investment Partners — Q3 2026 Earnings Summary

GAAP revenues declined 9% year-over-year to $197.6 million, while adjusted net income fell 21% year-over-year to $39.7 million; GAAP net income dropped 31% year-over-year to $22.1 million, driven by a 30% sequential decline in GAAP diluted EPS.
Total sales decreased 32% year-over-year to $4.3 billion, and net outflows widened to ($6.1) billion, resulting in a 16% year-over-year decline in ending total AUM to $141.4 billion.
The company increased its quarterly dividend by 2% to $2.45 per share and repurchased 64,666 shares for $10.0 million, while gross debt decreased to $411.0 million.
Management provided no specific numerical guidance for future periods, citing forward-looking statements regarding assets under management, net flows, and operating cash flows.
Operating expenses decreased 4% year-over-year to $163.2 million, primarily due to lower employment expenses, though GAAP operating margin compressed to 17.4% from 21.7% year-over-year.