Inferra AI / Company / VCTR
Victory Capital Holdings, Inc.
VCTR · Financials
Last earnings Aug 5, 2026 · Next earnings Nov 4, 2026
Key results
GAAP operating marginquarter
41.0%
GAAP operating margin of 41.0% •
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Revenuequarter
3.7%
Revenue increased 3.7% to $388.0 million in the first quarter, compared with $374.1 million in the fourth quarter, primarily due to higher average AUM and crystallization of certain annual fees over the comparable period.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
GAAP operating margin expanded 10 basis points in the first quarter to 41.0%, up from 40.9% in the fourth quarter primarily due to a $13.9 million increase in revenue partially offset by a $7.9 million increase in total operating expense.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
GAAP net incomequarter
0.6%
First quarter GAAP net income decreased 0.6% to $112.1 million, or $1.33 per diluted share, down from $112.8 million, or $1.32 per diluted share, in the prior quarter.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Adjusted net incomequarter
1.0%
Adjusted net income with tax benefit increased 1.0% to $153.2 million, or $1.82 per diluted share in the first quarter, up from $151.7 million, or $1.78 per diluted share, in the fourth quarter.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
GAAP operating margin contracted 130 basis points to 41.0% in the first quarter, from 42.3% in the same quarter of 2025.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
GAAP net income increased 80.9% to $112.1 million, or $1.33 per diluted share, in the first quarter compared with $62.0 million, or $0.96 per diluted share, in the same quarter of 2025.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
3 Adjusted net income with tax benefit increased 73.9% to $153.2 million, or $1.82 per diluted share, in the first quarter, compared with $88.1 million, or $1.36 per diluted share in the same quarter last year.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
AI analysis
Q1 2026 · reported May 6, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| GAAP operating margin | 41.0% | — | — |
| Revenue | 3.7% | — | — |
| GAAP net income | 0.6% | — | — |
| Adjusted net income | 1.0% | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE Victory Capital Reports Record First Quarter Results First-Quarter Highlights • Total Client Assets of $313.1 billion • Long-term gross flows of $18.9 billion • Long-term net flows of ($457) million • GAAP operating margin of 41.0% • GAAP net income per diluted share of $1.33 • Adjusted EBITDA margin of 52.6% • Adjusted net income with tax benefit per diluted share of $1.82 • Board authorizes increase in regular quarterly cash dividend to $0.50 per share San Antonio, Texas, May 6, 2026 — Victory Capital Holdings, Inc.
Company-stated claims
Historical · increased 137.3% · income
“GAAP net income increased 137.3% to $139.4 million in the second quarter compared with $58.7 million in the same quarter of 2025.”
EX-99 · Aug 5, 2026Historical · increased 108.4% · income
“Six months ended June 30, 2026 GAAP net income increased 108.4% to $251.5 million, up from $120.7 million in the prior period.”
EX-99 · Aug 5, 2026Event summary
Victory Capital Holdings, Inc. — Earnings release (2026-05-06)
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE Victory Capital Reports Record First Quarter Results First-Quarter Highlights • Total Client Assets of $313.1 billion • Long-term gross flows of $18.9 billion • Long-term net flows of ($457) million • GAAP operating margin of 41.0% • GAAP net income per diluted share of $1.33 • Adjusted EBITDA margin of 52.6% • Adjusted net income with tax benefit per diluted share of $1.82 • Board authorizes increase in regular quarterly cash dividend to $0.50 per share San Antonio, Texas, May 6, 2026 — Victory Capital Holdings, Inc.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
We continued to return capital to shareholders, repurchasing a quarterly record of 2 million shares of VCTR common stock during the quarter.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Combined with dividends paid, this returned a total of $185 million to shareholders in the quarter.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Balance Sheet / Capital Management The total debt outstanding as of December 31, 2025 was approximately $980 million.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
For the three months ended March 31, 2026, the Company repurchased approximately 2 million shares of Common Stock.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
The Company’s Board of Directors approved a regular quarterly cash dividend of $0.50 per share.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Strategy & priorities
Additionally, multiple Investment Franchises had positive net flows for the quarter as we continue to build momentum in various investment strategies and products.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Inorganic growth remains a strategic priority, and our pipeline of acquisition opportunities is extensive and we are very active.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
As always, we continue to focus on serving our clients, which is our top priority.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
As of March 31, 2026, Victory Capital offered 179 investment strategies through its multiple autonomous Investment Franchises and Solutions Platform.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
We serve institutional, intermediary, and individual clients through our Investment Franchises and Solutions Platform, which manage specialized investment strategies across traditional and alternative asset classes.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Risks & headwinds
Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Victory Capital's control and could cause Victory Capital's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward looking statements.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
clients; risks and uncertainties associated with non-U.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
In light of these risks, uncertainties and other factors, the forward-looking statements contained in this press release might not prove to be accurate.
SEC original ↗Victory Capital Holdings, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026
Legal Proceedings 40 Item 1A.
SEC original ↗Victory Capital Holdings, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Victory Capital s control and could cause Victory Capital s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements.
SEC original ↗Victory Capital Holdings, Inc. — 10-Q Quarterly report10-QAug 6, 2026
2 In light of these risks, uncertainties and other factors, the forward looking statements contained in this report might not prove to be accurate.
SEC original ↗Victory Capital Holdings, Inc. — 10-Q Quarterly report10-QAug 6, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
5 documentsPresentations
0 documentsNo presentations for Victory Capital Holdings, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Victory Capital Holdings, Inc. are held in this edition of the library.
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