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    Victory Capital Holdings, Inc. (VCTR)

    Financials

    Updated May 9, 2025, 1:54 PM UTC
    Income Statement - MetricFY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Investment Management Fees (USD, thousands)--169,785173,163.00177,809.00183,826.00704,583173,301
    Fund Administration and Distribution Fees (USD, thousands)--46,07246,458.0047,819.0048,545.00188,89446,301
    Total Revenue (USD, thousands)--215,857219,621.00225,628.00232,371.00893,477219,602
    Personnel Compensation and Benefits (USD, thousands)--59,45455,660.0043,243.0058,857.00217,21456,136
    Distribution and Other Asset-Based Expenses (USD, thousands)--36,26336,474.0036,828.0036,924.00146,48935,477
    General and Administrative Expenses (USD, thousands)--14,01214,385.0014,029.0014,268.0056,69414,328
    Depreciation and Amortization (USD, thousands)--7,6017,551.007,510.007,514.0030,1767,432
    Change in Value of Consideration Payable for Acquisition of Business (USD, thousands)--12,200(8,200.00)(1,600.00)294.002,6943,406
    Acquisition-Related Costs (USD, thousands)--1,0263,049.005,075.002,135.0011,2858,750
    Restructuring and Integration Costs (USD, thousands)--492105.00180.00634.001,4111,165
    Total Operating Expenses (USD, thousands)--131,048109,024.00105,265.00120,626.00465,963126,694
    Income from Operations (USD, thousands)--84,809110,597.00120,363.00111,745.00427,51492,908
    Interest Income and Other Income (Expense) (USD, thousands)--3,5651,557.003,551.001,768.0010,441704
    Interest Expense and Other Financing Costs (USD, thousands)--(16,486)(16,279.00)(16,414.00)(14,657.00)(63,836)(13,211)
    Total Other Income (Expense), Net (USD, thousands)--(12,921)(14,822.00)(12,863.00)(13,152.00)(53,758)(12,507)
    Income Before Income Taxes (USD, thousands)--71,88895,775.00107,500.0098,593.00373,75680,401
    Income Tax Expense (USD, thousands)--(16,197)(21,524.00)(25,517.00)(21,654.00)(84,892)(18,426)
    Net Income (USD, thousands)--55,69174,251.0081,983.0076,939.00288,86461,975
    Basic Earnings per Share (USD)--0.861.151.271.194.470.97
    Diluted Earnings per Share (USD)--0.841.131.241.174.380.96
    Weighted Average Number of Shares Outstanding, Basic (thousands)--64,389172.00106.00(60.00)64,60763,711
    Weighted Average Number of Shares Outstanding, Diluted (thousands)--65,97253.0019.00(116.00)65,92864,714
    Dividends Declared per Share of Common Stock (USD)--0.3350.370.410.441.5550.47
    Balance Sheet - MetricFY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)123,547123,54779,937118,970188,248126,731126,731175,607
    Prepaid expenses (USD, thousands)5,7855,7857,2696,9797,9328,6348,6348,868
    Property and equipment, net (USD, thousands)19,57819,57817,55215,59913,72011,87411,87411,124
    Goodwill (USD, thousands)981,805981,805981,805981,805981,805981,805981,805981,805
    Other intangible assets, net (USD, thousands)1,281,8321,281,8321,276,5001,271,2001,265,9011,260,6141,260,6141,255,351
    Other assets (USD, thousands)10,69110,69112,40012,30922,85422,05322,05320,397
    Total assets (USD, thousands)2,542,6162,542,6162,506,1982,541,2812,612,1252,547,5912,547,5912,583,486
    Accounts payable and accrued expenses (USD, thousands)56,47756,47762,02254,52861,25657,95157,95171,064
    Accrued compensation and benefits (USD, thousands)55,45655,45648,52154,02045,59551,64851,64842,361
    Consideration payable for acquisition of business (USD, thousands)217,200217,200149,400141,200139,600139,894139,894143,300
    Deferred tax liability, net (USD, thousands)128,714128,714133,258142,418152,335157,120157,120163,435
    Other liabilities (USD, thousands)11,22511,22545,65844,57956,01620,87120,87153,997
    Long-term debt, net (USD, thousands)989,269989,269990,206981,724982,661963,862963,862964,763
    Total liabilities (USD, thousands)1,489,6151,489,6151,429,0651,418,4691,437,4631,425,9541,425,9541,438,920
    Common stock, $ 0.01 par value per share (USD, thousands)824824832,824835,824837,824839,824839,824844
    Additional paid-in capital (USD, thousands)728,283728,283735,517741,490746,917752,371752,371756,420
    Treasury stock, at cost (USD, thousands)(444,286)(444,286)(457,539)(464,944)(470,727)(574,856)(574,856)(584,051)
    Accumulated other comprehensive income (USD, thousands)31,32831,32828,16425,02421,95518,68318,68315,707
    Retained earnings (USD, thousands)736,852736,852770,159820,407875,680924,600924,600955,646
    Total stockholders' equity (USD, thousands)1,053,0011,053,0011,077,1331,122,8121,174,6621,121,6371,121,6371,144,566
    Total liabilities and stockholders' equity (USD, thousands)2,542,6162,542,6162,506,1982,541,2812,612,1252,547,5912,547,5912,583,486
    Receivables (USD, thousands)87,57087,57097,211100,66096,922--95,823
    Investments, at fair value (USD, thousands)565,740565,74033,52433,75934,743--34,511
    Cash Flow - MetricFY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net cash provided by operating activities (USD, thousands)97,101.00330,291-----81,094
    Net cash used in investing activities (USD, thousands)(1,570.00)(7,841)-----(1,684)
    Net cash (used in) provided by financing activities (USD, thousands)(80,040.00)(237,132)-----(30,713)
    Net increase (decrease) in cash and cash equivalents (USD, thousands)15,560.0085,376-----48,876
    Cash paid for interest (USD, thousands)19,504.0070,685-----17,227
    Cash paid for income taxes (USD, thousands)4,683.0038,690-----1,503
    Cash and cash equivalents, beginning of period (USD, thousands)38,17138,171-----126,731
    Cash and cash equivalents, end of period (USD, thousands)123,547123,547-----175,607
    Revenue by Segment - in Millions of USDFY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Investment Management Fees160.69640.88169.8173.16177.809183.81704.583173.3
    - Mutual Funds109.08440.02115.2116.55119.936121.29472.979114.3
    - ETFs4.8620.805.25.526.3557.3324.4058.7
    - Separate Accounts43.41173.4347.349.0649.48350.13195.97548.0
    - Performance-Based Fees3.226.622.12.042.0355.0511.2242.25
    Fund Administration Fees45.13180.1546.146.4647.81948.51188.89446.3
    - Administration Fees25.99103.0527.027.5528.56329.16112.27227.9
    - Distribution Fees5.3622.355.65.555.6415.7322.5225.3
    - Transfer Agent Fees13.7754.7513.413.3613.61513.7354.10013.0
    Total Revenue205.82821.03215.9219.6225.628232.37893.5219.6
    KPIs - Metric (Unit, Scale)FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Gross client cash inflows (USD millions)-24,1047,18713,2556,120-26,167-
    Gross client cash outflows (USD millions)-29,4808,3147,8128,756-33,545-
    Net client cash flows (USD millions)--6,567-1,127-2,871-2,636--7,377-
    Market appreciation (depreciation) (USD millions)-21,18810,1788310,076-18,100-
    Average AUM (USD millions)-158,268163,533167,484171,876-169,658-
    Ending AUM (USD millions)-166,611170,342168,681176,113-171,930-
    Ending other assets (institutional) (USD millions)--5,1175,0944,981-4,165-
    Revenue realization on average AUM (basis points)-51.953.052.652.1-52.6-
    Number of mutual funds and ETFs with four- or five-star overall ratings (count)-42454443-45-
    Percentage of mutual fund and ETF AUM rated four or five stars overall (percentage)-70696867-66-