The "Suits" actress confirmed the news to People.
"With heavy hearts, Laurence and I quietly separated and began the dissolution of our marriage in the early fall of last year," she said in a statement.
"There are no bad guys here. Only a love story with a different ending than either one of us had expected."
Torres, 48, and Fishburne, 56, married in 2002 and share a daughter, Delilah. Fishburne has two children from a previous marriage.
"Happily, however, our family remains intact and we will continue to raise our daughter together with love and joy and awe," Torres said. "As well as raise each other up with respect and love and the continued understanding that we're in this together, if not side by side."
Fishburne is currently appearing on ABC's "black-ish," while Torres is set to star in an upcoming spinoff of "Suits." They have acted on screen together, first in "The Matrix Reloaded," and later on "Hannibal."