Victory Capital Holdings Inc
NASDAQ:VCTR

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Victory Capital Holdings Inc Logo
Victory Capital Holdings Inc
NASDAQ:VCTR
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Price: 115.05 USD 2.96% Market Closed
Market Cap: $7.2B

Victory Capital Holdings Inc
Investor Relations

Victory Capital Holdings is an asset management company that runs a family of investment strategies for stocks, bonds, and other assets. It sells these products through mutual funds, exchange-traded funds, separate accounts, and managed solutions that help investors build portfolios. Its main customers are financial advisers, retirement plans, institutions, and individual investors who want professional money management. The company makes money mostly by charging fees tied to the assets it manages. Those fees come from managing portfolios, sub-advisory relationships, and investment products distributed through brokerage and advisory channels. In simple terms, Victory earns more when more client money is invested in its strategies and when clients stay with those products over time. What makes Victory’s business different is that it is built around a set of specialist investment teams rather than one single broad fund family. That structure lets it offer distinct strategies across asset classes and market styles, while relying on distribution relationships to reach clients. It plays the role of a manager and wrapper for investment products, not a bank or a broker-dealer that takes deposits or makes consumer loans.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Record quarter: Victory Capital said Q2 2026 was the strongest quarter in its history, with total client assets reaching $346 billion and record net long-term inflows of $4.2 billion.

Profitability: Revenue was a record $435 million, adjusted EBITDA was $243 million, and adjusted EPS was $2.21, with margin at 55.8%.

Synergies done: Management said the Pioneer integration is complete and the full $110 million in net run-rate expense synergies have now been fully realized.

Guidance raised: Long-term adjusted EBITDA margin guidance was increased from 49% to 50% after the integration and strong earnings power.

Flow momentum: Management described flow trends as broad-based and accelerating into Q3, with strength in fixed income, ETFs, global, and multi-asset strategies.

M&A focus: The company said strategic acquisitions remain its top capital priority and reiterated its long-term $1 trillion AUM goal.

Capital returns: Victory repurchased 1.1 million shares in the quarter, returned $138 million to shareholders, and kept its regular quarterly dividend at $0.50 per share.

Key Financials
Total client assets
$346 billion
Long-term gross flows
$22 billion
Net long-term inflows
$4.2 billion
Revenue
$435 million
Adjusted EBITDA
$243 million
Adjusted EBITDA margin
55.8%
Adjusted EPS
$2.21
ETF AUM
$23.2 billion
ETF net flows
$1.2 billion
ETF year-to-date net flows
$2.5 billion
Average fee rate
47.9 basis points
Operating expenses
$241.6 million
Cash compensation as a percentage of revenue
22.9%
Net leverage ratio
1.0x adjusted EBITDA
Cash
$70 million
Revolver availability
$100 million
Share repurchases
1.1 million shares
Shareholder returns
$138 million
Dividend
$0.50 per share
Expense synergies
$110 million
Amundi outside-U.S. AUM
$62.6 billion
Countries with Victory AUM
62 countries
UCITS
23 UCITS
Earnings Call Recording
Other Earnings Calls

Management

Mr. David Craig Brown CPA
Chairman of the Board of Directors & CEO
No Bio Available
Mr. Michael Dennis Policarpo II, CPA
President, CFO & Chief Administrative Officer
No Bio Available
Ms. Nina Gupta
Chief Legal Officer, Head of Human Resource Administration & Corporate Secretary
No Bio Available
Mr. Mannik S. Dhillon C.A.I.A., C.F.A., CFA
President of Investment Franchises & Solutions and Head of Product & Strategy
No Bio Available
Mr. Matthew J. Dennis C.F.A.
Chief of Staff & Director of Investor Relations
No Bio Available
Jessica Davila
Director of Global Communications
No Bio Available
Mr. Nikhil Sudan
President of Direct Investor Business
No Bio Available
Ms. Lisa Marie Seballos
Director of Finance
No Bio Available

Contacts

Address
TEXAS
San Antonio
15935 La Cantera Parkway
Contacts
+12168982400
www.vcm.com