Earnings summaries and quarterly performance for Victory Capital Holdings.
Executive leadership at Victory Capital Holdings.
Board of directors at Victory Capital Holdings.
Research analysts who have asked questions during Victory Capital Holdings earnings calls.
Michael Cho
JPMorgan Chase & Co.
6 questions for VCTR
Also covers: ENV, FHI, FRGE +3 more
Alexander Blostein
Goldman Sachs
5 questions for VCTR
Also covers: AB, AMG, AMP +31 more
Kenneth Lee
RBC Capital Markets
5 questions for VCTR
Also covers: AAMI, AMP, APAM +17 more
Michael Cyprys
Morgan Stanley
4 questions for VCTR
Also covers: AAMI, AMP, AMTD +30 more
Ben Budish
Barclays PLC
3 questions for VCTR
Also covers: AB, APO, ARES +19 more
Etienne Ricard
BMO Capital Markets
3 questions for VCTR
Also covers: SII
Craig Siegenthaler
Bank of America
2 questions for VCTR
Also covers: AB, AMP, AMTD +26 more
Adam Beatty
UBS
1 question for VCTR
Also covers: BRDG
Benjamin Budish
Barclays PLC
1 question for VCTR
Also covers: AB, APO, ARES +23 more
Ben Rubin
UBS
1 question for VCTR
Also covers: BAM, CNS, EVR +5 more
Brennan Hawken
UBS Group AG
1 question for VCTR
Also covers: AMP, AMTD, APO +26 more
Matthew Howlett
B. Riley Securities
1 question for VCTR
Also covers: AOMR, BRSP, BUR +9 more
Randy Binner
B. Riley Securities
1 question for VCTR
Also covers: ARR, BRSP, BUR +13 more
Recent press releases and 8-K filings for VCTR.
Victory Capital reports October 2025 Total Client Assets
VCTR
Revenue Acceleration/Inflection
- Victory Capital Holdings, Inc. reported Total Client Assets of $315.8 billion as of October 31, 2025.
- Total Assets Under Management (AUM) for the company were $313.0 billion as of October 31, 2025.
- Compared to September 30, 2025, Total Client Assets increased from $313.370 billion to $315.801 billion, and Total Assets Under Management increased from $310.644 billion to $313.039 billion.
- For the month of October 2025, the average Total Client Assets were $314.5 billion, and average Total AUM was $311.8 billion.
Nov 12, 2025, 9:19 PM
Victory Capital Holdings Reports October 2025 AUM and Financial Metrics
VCTR
- Victory Capital Holdings reported total assets under management (AUM) of $313 billion and total client assets of $315.8 billion as of October 31, 2025.
- The company maintained strong profitability with a 43.69% operating margin and a 25.27% net margin.
- Victory Capital's financial health is supported by a current ratio of 1.86 and a debt-to-equity ratio of 0.41.
- Valuation metrics suggest the stock is modestly undervalued, including a price-to-earnings ratio of 15.91 and a price-to-book ratio of 1.74.
- Specific AUM movements include a 3.9% sequential decline in U.S. small-cap equity AUM to $12.2 billion and a 2.1% increase in U.S. large-cap equity AUM to $61.9 billion as of October 2025.
Nov 11, 2025, 9:43 PM
Victory Capital Reports October 2025 Client Assets
VCTR
- Victory Capital reported Total Client Assets of $315.8 billion and Total Assets Under Management (AUM) of $313.0 billion as of October 31, 2025.
- This represents an increase in Total Client Assets from $313.370 billion on September 30, 2025, to $315.801 billion on October 31, 2025.
- The largest asset class within AUM was Solutions at $88.725 billion, followed by Fixed Income at $80.555 billion as of October 31, 2025.
Nov 11, 2025, 9:29 PM
Victory Capital Reports Record Q3 2025 Adjusted EBITDA and EPS, Advances Synergies, and Continues Shareholder Returns
VCTR
Earnings
Share Buyback
M&A
- Victory Capital achieved record adjusted EBITDA of $191 million and record adjusted earnings per diluted share of $1.63 in Q3 2025. Revenue increased 3% from the second quarter to $361.2 million, with an average fee rate of 47.2 basis points.
- The company repurchased 1.8 million shares during Q3 2025 and declared a quarterly cash dividend of $0.49, contributing to $163 million returned to shareholders in the quarter. Victory Capital also refinanced its term loans, lowering the interest rate by 35 basis points and extending maturity to 2032, resulting in a net leverage ratio of 1.1 times.
- Victory Capital achieved approximately $86 million of net expense synergies on a run-rate basis from the Pioneer Investments integration by the end of Q3 2025, ahead of schedule, with a clear line of sight to reach the total $110 million. The ETF business recorded year-to-date positive net flows of $5.4 billion, representing a 53% organic growth rate through the first nine months of the year. The company continues to actively pursue M&A opportunities, focusing on firms with $50 billion to $200 billion in assets under management.
Nov 7, 2025, 1:00 PM
Victory Capital Reports Record Q3 2025 Adjusted EBITDA and EPS
VCTR
Earnings
Share Buyback
M&A
- Victory Capital reported a strong Q3 2025, with record-high adjusted EBITDA of $191 million and an adjusted EBITDA margin of 52.7%, alongside record adjusted earnings per diluted share of $1.63.
- The company ended the quarter with $313 billion in total assets, with long-term gross flows increasing 10% quarter-over-quarter to $17 billion, and net outflows improving to $244 million.
- The integration of Pioneer Investments is ahead of schedule, achieving $86 million of net expense synergies on a run-rate basis by the end of Q3 2025, with a clear line of sight to the total $110 million target.
- In Q3 2025, Victory Capital repurchased 1.8 million shares and declared a regular quarterly cash dividend of $0.49, contributing to $163 million returned to shareholders during the quarter. The Victory Shares ETF platform also showed significant growth with year-to-date positive net flows of $5.4 billion.
Nov 7, 2025, 1:00 PM
Victory Capital Announces Q3 2025 Financial Results
VCTR
Earnings
Share Buyback
Dividends
- Victory Capital reported Q3 2025 revenue of $361.2 million and adjusted earnings per diluted share with tax benefit of $1.63.
- Total client assets reached $313 billion, with long-term net flows of -$244 million in Q3 2025, marking the fourth consecutive quarter of improving net long-term flows.
- The company realized over $86 million of the projected $110 million in net expense synergies from the Pioneer Investments integration.
- VCTR returned $163 million to shareholders in the quarter, including repurchasing 1.8 million shares, and maintained a net leverage ratio of 1.1x.
Nov 7, 2025, 1:00 PM
Victory Capital Reports Q3 2025 Financial Results and Updates on M&A Strategy
VCTR
Earnings
M&A
Share Buyback
- Victory Capital reported Q3 2025 revenue of $361.2 million, a 3% increase from the prior quarter, and adjusted diluted EPS of $1.63, up 4% from Q2. The fee rate was 47.2 basis points and is expected to remain in the 46-47 basis point range moving forward.
- The company's total client assets reached $313.4 billion, with 17% from non-U.S. investors, and it achieved its fourth consecutive quarter of improving net long-term flows.
- Victory Capital returned a record $163 million to shareholders in Q3 2025 through 1.8 million share repurchases and a $0.49 per share quarterly dividend, while maintaining a strong balance sheet with $116 million of cash and a net leverage ratio of 1.1x.
- The company is actively pursuing its inorganic growth objectives, aspiring to reach $1 trillion in assets under management, with a focus on strategic acquisitions of firms managing between $50 billion and $200 billion in AUM, and is exploring opportunities in curated alternative investments. The integration of Pioneer Investments is nearing completion, positioning the company for further M&A.
Nov 7, 2025, 1:00 PM
Victory Capital Reports Strong Third-Quarter 2025 Results
VCTR
Earnings
Dividends
Share Buyback
- Victory Capital reported GAAP net income per diluted share of $1.11 and adjusted net income with tax benefit per diluted share of $1.63 for the third quarter ended September 30, 2025.
- The company's total client assets reached $313 billion and total Assets Under Management (AUM) increased to $310.6 billion at September 30, 2025, primarily due to $14.5 billion in positive market action.
- The Board authorized a regular quarterly cash dividend of $0.49 per share, and the company returned approximately $163 million of capital to shareholders, including the repurchase of 1.8 million shares of common stock.
- Progress continues on the integration of Pioneer Investments, with $110 million in net expense synergies anticipated, and the net debt to leverage ratio improved to 1.1x.
Nov 6, 2025, 9:34 PM
Victory Capital: SBI and Amundi Initiate IPO for SBI Funds Management
VCTR
Delisting/Listing Issues
New Projects/Investments
- SBI and Amundi have jointly initiated an Initial Public Offering (IPO) of SBI Funds Management Limited (SBIFM), with the listing on Indian stock exchanges expected in 2026, subject to regulatory approval and market conditions.
- At the IPO, 10% of SBIFM's capital will be offered for sale, with 6.3% sold by SBI and 3.7% by Amundi.
- SBIFM is the leader in the Indian asset management industry, holding over 15.5% market share in mutual funds and managing total assets of INR 28.31 trillion (€269 billion) as of end-September 2025.
Nov 6, 2025, 8:14 AM
Victory Capital Holdings, Inc. Reports September 2025 Client Assets
VCTR
- Victory Capital Holdings, Inc. reported Total Client Assets of $313.4 billion and Total Assets Under Management (AUM) of $310.6 billion as of September 30, 2025.
- For the third quarter, the company experienced long-term AUM net flows of -$244 million.
- The company is scheduled to report its third-quarter 2025 financial results and host a conference call on November 7, 2025.
Oct 9, 2025, 8:50 PM
Quarterly earnings call transcripts for Victory Capital Holdings.
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