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.
Revenue
$351.2M
Gross Profit
N/A
Operating Profit
$94.2M
Net Profit
$58.7M
Gross Margin
N/A
Operating Margin
26.8%
Net Margin
16.7%
YoY Growth
59.9%
EPS
$0.68
Victory Capital Holdings, Inc. Q2 FY2025 Financial Summary
Victory Capital Holdings, Inc. reported revenue of $351.2M (up 59.9% YoY) for Q2 FY2025, with a net profit of $58.7M (down 20.9% YoY) (16.7% margin).
Key Financial Metrics
| Total Revenue | $351.2M |
|---|---|
| Net Profit | $58.7M |
| Gross Margin | N/A |
| Operating Margin | 26.8% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Victory Capital Holdings, Inc. Q2 FY2025 revenue of $351.2M breaks down across 2 segments, led by Investment Management Fees at $282.3M (80.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Investment Management Fees | $282.3M | 80.4% |
| Fund Administration And Distribution Fees | $68.9M | 19.6% |
Victory Capital Holdings, Inc. Revenue by Segment — Quarterly Trend
Victory Capital Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Investment Management Fees and Fund Administration And Distribution Fees) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Investment Management Fees | — | $301.4M | $288.5M | $282.3M |
| Fund Administration And Distribution Fees | — | $72.8M | $72.7M | $68.9M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $893.5M |
| 2023 | $821.0M |
| 2022 | $854.8M |
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 |