Victory Capital Holdings, Inc.VCTREarnings & Financial Report
Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.
VCTR Q1 FY2026 Key Financial Metrics
Revenue
$388.0M
Gross Profit
N/A
Operating Profit
$159.2M
Net Profit
$112.1M
Gross Margin
N/A
Operating Margin
41.0%
Net Margin
28.9%
YoY Growth
76.7%
Victory Capital Holdings, Inc. Q1 FY2026 Financial Summary
Victory Capital Holdings, Inc. reported revenue of $388.0M (up 76.7% YoY) for Q1 FY2026, with a net profit of $112.1M (up 80.8% YoY) (28.9% margin).
Key Financial Metrics
| Total Revenue | $388.0M |
|---|---|
| Net Profit | $112.1M |
| Gross Margin | N/A |
| Operating Margin | 41.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Victory Capital Holdings, Inc. Q1 FY2026 revenue of $388.0M breaks down across 2 segments, led by Investment management fees at $316.4M (81.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Investment management fees | $316.4M | 81.5% |
| Fund administration and distribution fees | $71.6M | 18.5% |
Victory Capital Holdings, Inc. Annual Revenue by Year
Victory Capital Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
Victory Capital Holdings, Inc. Quarterly Revenue & Net Profit History
Victory Capital Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $388.0M | +76.7% | $112.1M | 28.9% |
| Q4 FY2025 | $374.1M | +61.0% | $112.8M | 30.2% |
| Q3 FY2025 | $361.2M | +60.1% | $96.5M | 26.7% |
| Q2 FY2025 | $351.2M | +59.9% | $58.7M | 16.7% |
| Q1 FY2025 | $219.6M | +1.7% | $62.0M | 28.2% |
| Q4 FY2024 | $232.4M | +12.9% | $76.9M | 33.1% |
| Q3 FY2024 | $225.6M | +7.6% | $82.0M | 36.3% |
| Q2 FY2024 | $219.6M | +7.5% | $74.3M | 33.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $219.6M | $225.6M | $232.4M | $219.6M | $351.2M | $361.2M | $374.1M | $388.0M |
| YoY Growth | 7.5% | 7.6% | 12.9% | 1.7% | 59.9% | 60.1% | 61.0% | 76.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.54B | $2.61B | $2.55B | $2.58B | $4.25B | $4.21B | $4.25B | $4.14B |
| Liabilities | $1.42B | $1.44B | $1.43B | $1.44B | $1.78B | $1.81B | $1.82B | $1.78B |
| Equity | $1.12B | $1.17B | $1.12B | $1.14B | $2.47B | $2.40B | $2.42B | $2.36B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $79.7M | $99.8M | $91.8M | $81.1M | $-6.6M | $165.9M | $145.1M |