Earnings summaries and quarterly performance for Victory Capital Holdings.
Executive leadership at Victory Capital Holdings.
David C. Brown
Detailed
Chief Executive Officer
CEO
MS
Mannik S. Dhillon
President, Investment Franchises and Solutions; Head of Product and Strategy
MD
Michael D. Policarpo
President, Chief Financial Officer and Chief Administrative Officer
NG
Nina Gupta
Chief Legal Officer and Head of Human Resource Administration
Board of directors at Victory Capital Holdings.
AH
Alan H. Rappaport
Detailed
Director
CB
Céline Boyer-Chammard
Detailed
Director
DC
Dominique Carrel-Billiard
Detailed
Director
KH
Karin Hirtler-Garvey
Detailed
Director
LD
Lawrence Davanzo
Detailed
Director
MJ
Mary Jackson
Detailed
Director
RM
Richard M. DeMartini
Detailed
Lead Independent Director
RV
Robert V. Delaney, Jr.
Detailed
Director
Research analysts who have asked questions during Victory Capital Holdings earnings calls.
MC
Michael Cho
JPMorgan Chase & Co.
6 questions for VCTR
Also covers: ENV, FHI, FRGE +4 more
Alexander Blostein
Goldman Sachs
5 questions for VCTR
Also covers: AB, AMG, AMP +31 more
KL
Kenneth Lee
RBC Capital Markets
5 questions for VCTR
Also covers: AAMI, AMP, APAM +20 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 +23 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
AB
Adam Beatty
UBS
1 question for VCTR
Also covers: BRDG
Benjamin Budish
Barclays PLC
1 question for VCTR
Also covers: AB, APO, ARES +24 more
BR
Ben Rubin
UBS
1 question for VCTR
Also covers: BAM, CNS, EVR +5 more
BH
Brennan Hawken
UBS Group AG
1 question for VCTR
Also covers: AMP, AMTD, APO +30 more
MH
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 +14 more
Recent press releases and 8-K filings for VCTR.
Victory Capital Reports February 2026 Total Client Assets
VCTR
Earnings
- Victory Capital Holdings, Inc. reported Total Client Assets of $327.1 billion as of February 28, 2026.
- This figure includes Total Assets Under Management (AUM) of $324.0 billion and Other Assets of $3.1 billion.
- Compared to January 31, 2026, Total Client Assets increased from $323.181 billion, and Total AUM increased from $320.205 billion.
21 hours ago
Victory Capital Responds to Janus Henderson Special Committee's Engagement on Acquisition Proposal
VCTR
M&A
Takeover Bid
- Victory Capital (VCTR) criticized the Janus Henderson (JHG) Special Committee for its lack of substantive engagement regarding VCTR's "fully financed, actionable and clearly superior proposal," stating the committee continues to support an inferior transaction with Trian.
- Since submitting its first proposal in November 2025, Victory Capital's sole interaction with the Special Committee was a single 32-minute conversation at the end of the committee's review.
- Victory Capital remains fully committed to pursuing this compelling transaction and has fully committed financing from two reputable global banks, despite the lack of meaningful engagement and due diligence.
22 hours ago
Victory Capital CEO Pens Open Letter to Janus Henderson Employees Regarding Acquisition Proposal
VCTR
M&A
Takeover Bid
- Victory Capital's Chairman and CEO, David C. Brown, published an open letter to Janus Henderson employees outlining the company's proposal to acquire Janus Henderson.
- The letter emphasizes Victory Capital's view of a "superior strategic combination" built around people, performance, and alignment of interests, which would enable the combined company to compete at scale.
- Victory Capital has committed to retaining Janus Henderson's investment professionals and preserving the Janus Henderson brand as part of the proposal.
- As of January 31, 2026, Victory Capital manages $323.2 billion in total client assets.
Mar 2, 2026, 9:30 PM
Victory Capital Affirms Superior Acquisition Proposal for Janus Henderson
VCTR
M&A
Takeover Bid
- Victory Capital (VCTR) has affirmed a fully financed proposal to acquire Janus Henderson Group plc (JHG) for a total consideration of $57.04 per share, consisting of $30.00 in cash and a fixed exchange ratio of 0.350 shares of Victory Capital common stock.
- This proposal represents a 37% premium to Janus Henderson’s unaffected share price as of October 24, 2025, and is approximately 16% higher than the value of the transaction currently contemplated with Trian.
- Janus Henderson shareholders are expected to own approximately 38% of the combined company, which would have an estimated total enterprise value of approximately $16 billion.
- Victory Capital's offer is fully financed with no financing contingencies and includes improved non-price terms compared to the Trian agreement, such as a lower client consent closing condition of 75% and a reduced termination fee of 3%.
Feb 26, 2026, 12:55 PM
Victory Capital Offers $57.04 Per Share for Janus Henderson
VCTR
M&A
Takeover Bid
- Victory Capital has submitted a fully financed proposal to acquire Janus Henderson for $57.04 per share, comprising $30.00 in cash plus 0.350 Victory shares, valuing the combined company at approximately $16 billion.
- The bid represents a 37% premium to Janus Henderson’s unaffected share price and a 16% premium over Trian Fund Management's $49-per-share proposal.
- Victory highlighted improved non-price terms, including no financing outs, stronger specific performance protections, and a commitment to preserve the Janus Henderson brand and investment teams.
Feb 26, 2026, 12:16 PM
Victory Capital Affirms Proposal to Acquire Janus Henderson
VCTR
M&A
Takeover Bid
- On February 26, 2026, Victory Capital sent a letter to Janus Henderson's Special Committee, proposing to acquire Janus Henderson for a total consideration of $57.04 per share.
- The proposal consists of $30.00 in cash and a fixed exchange ratio of 0.350 shares of Victory Capital common stock per Janus Henderson share, based on Victory Capital's closing stock price as of February 25, 2026.
- This offer represents a 37% premium to Janus Henderson’s unaffected share price as of October 24, 2025, and an approximately 16% premium to the currently contemplated transaction with Trian.
- Janus Henderson shareholders are expected to own approximately 38% of the combined company, which would have a total enterprise value of approximately $16 billion.
- The proposal is fully financed with no financing outs, includes a lower client consent closing condition (75%), and a reduced termination fee compared to the Trian merger agreement.
Feb 26, 2026, 12:05 PM
Victory Capital Holdings, Inc. Reports January 2026 Client Assets
VCTR
- Victory Capital Holdings, Inc. reported Total Client Assets of $323.2 billion as of January 31, 2026.
- Total Assets Under Management (AUM) for the same date were $320.2 billion.
- The company's Total Client Assets increased from $316.621 billion as of December 31, 2025, to $323.181 billion as of January 31, 2026.
Feb 11, 2026, 9:38 PM
Victory Capital Holdings Discusses Growth Strategy and Pioneer Acquisition Impact
VCTR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Victory Capital ended 2025 with over $300 billion in assets under management (AUM) and has a stated objective of reaching $1 trillion AUM, pursuing this through a strategy of industry consolidation and strategic acquisitions.
- The Pioneer acquisition, announced in April 2025 and now largely integrated, has been a key driver, expanding international distribution through a 15-year agreement with Amundi and contributing to the Pioneer investment franchise being net flow positive every quarter since the deal closed. The transaction is now close to 20% accretion.
- The company reported record gross flows of $17.1 billion in Q4 2025 and expects to achieve positive organic growth in 2026 and beyond, with key drivers including the international channel, the VictoryShares ETF platform, and global/international product offerings.
- Victory Capital maintains excellent overall investment performance across its independent franchises and plans to launch additional UCITS in 2026, further expanding its product offerings.
Feb 11, 2026, 1:00 PM
Victory Capital Holdings Discusses 2025 Performance, M&A Strategy, and Future Growth Drivers
VCTR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Victory Capital ended 2025 with over $300 billion in assets under management (AUM) and has a stated objective of reaching $1 trillion in AUM. The company has demonstrated strong financial performance, achieving a 21% cumulative annual earnings growth rate since its 2018 IPO, which is the best in its sector.
- The Pioneer acquisition, announced in April 2025 and nearing full integration, is a significant strategic move, contributing to net flow positive performance for the Pioneer franchise and expanding international distribution through a 15-year Amundi distribution agreement. This acquisition is expected to yield $110 million in net expense synergies and accretion close to 20%.
- While the firm has experienced recent negative net flows, Victory Capital reported record gross flows of $17.1 billion in Q4 2025 and anticipates achieving positive organic growth. Key drivers include the Pioneer investment franchise, the international distribution channel, the VictoryShares ETF platform, and the West End Advisors franchise, which achieved positive flows in Q4 2025.
- The company is actively expanding its product offerings, having launched five UCITS at the end of 2025 with plans for more in 2026, alongside developing new retail SMA products and introducing ETF share classes for existing mutual funds.
Feb 11, 2026, 1:00 PM
Victory Capital Holdings Discusses Growth Strategy and M&A at Bank of America Conference
VCTR
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Victory Capital ended 2025 with over $300 billion in assets under management and has an objective to reach $1 trillion AUM.
- The company is actively pursuing consolidation, having completed 8 acquisitions since 2013, with the recent Pioneer acquisition expected to deliver close to 20% accretion and $110 million in net expense synergies.
- Despite recent negative net flows, Victory Capital reported record gross flows of $17.1 billion in Q4 2025 and anticipates achieving positive organic growth, driven by its international distribution channel (including a 15-year Amundi distribution agreement), the ETF platform (VictoryShares), and the Pioneer Investment franchise.
- Victory Capital's earnings growth since its 2018 IPO has been the best in its sector, with a 21% cumulative annual growth rate.
Feb 11, 2026, 1:00 PM
Quarterly earnings call transcripts for Victory Capital Holdings.
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