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VCTRVictory Capital Holdings, Inc.
$87.01$5.6B
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VCTR logoVictory Capital Holdings, Inc.(VCTR)Earnings, Financials & Key Ratios

VCTR•NASDAQ•Banking & Credit
21.3× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutVictory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. As of December 31, 2021, its franchises and solutions platform managed a set of 130 investment strategies for a range of institutional and retail clients, and direct investors. The company has strategic alliance with Xavier University of Louisiana. Victory Capital Holdings, Inc. was incorporated in 2013 and is headquartered in San Antonio, Texas.Show more
  • Net Interest Income-$37M+30.6%
  • Total Revenue$1.31B+46.2%
  • Net Income$330M+14.3%
  • Return on Equity18.61%-29.9%
  • Net Interest Margin-0.87%+58.4%
  • Efficiency Ratio28.59%+149.8%
  • ROA9.71%-14.4%
  • Equity / Assets57.08%+29.6%
  • Book Value per Share36.53+114.7%

VCTR Key Insights

Victory Capital Holdings, Inc. (VCTR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 21.8%
  • ✓Efficient operations: 28.6% efficiency ratio
  • ✓Momentum leader: RS Rating 82 (top 18%)
  • ✓Well capitalized: 57.1% equity/assets
  • ✓Healthy dividend yield of 2.2%
  • ✓Diversified revenue: 97.8% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.9%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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VCTR Price & Volume

Victory Capital Holdings, Inc. (VCTR) stock price & volume — 10-year historical chart

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VCTR Growth Metrics

Victory Capital Holdings, Inc. (VCTR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years18.42%
5 Years10.99%
3 Years15.18%
TTM-

Profit CAGR

10 Years56.27%
5 Years9.2%
3 Years6.21%
TTM28.83%

EPS CAGR

10 Years54.28%
5 Years7.21%
3 Years2.31%
TTM-1.11%

Return on Capital

10 Years15.22%
5 Years17.64%
3 Years16.95%
Last Year17.83%

VCTR Recent Earnings

Victory Capital Holdings, Inc. (VCTR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.82+10.3%
$1.65
Rev
$388M+6.3%
$365M
Q1 2026
Feb 4, 2026
Metric
Actual
Est
EPS
$1.78+7.2%
$1.66
Rev
$374M+0.2%
$373M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$1.63+1.9%
$1.60
Rev
$361M-3.4%
$374M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$1.57+8.3%
$1.45
Rev
$356M+5.6%
$337M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.82vs $1.65+10.3%
$388Mvs $365M+6.3%
Q1 2026Feb 4, 2026
$1.78vs $1.66+7.2%
$374Mvs $373M+0.2%
Q4 2025Nov 6, 2025
$1.63vs $1.60+1.9%
$361Mvs $374M-3.4%
Q3 2025Aug 7, 2025
$1.57vs $1.45+8.3%
$356Mvs $337M+5.6%
Based on last 12 quarters of dataView full earnings history →

VCTR Peer Comparison

Victory Capital Holdings, Inc. (VCTR) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor948.08M141.607.09-8%16.66%13.51%2.74
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
CNNE logoCNNECannae Holdings, Inc.Direct Competitor716.87M13.68-1.51-6.39%-103.77%-38.83%0.33
GROW logoGROWU.S. Global Investors, Inc.Direct Competitor39.31M3.10-124-23.05%29.15%6.96%0.00
AMG logoAMGAffiliated Managers Group, Inc.Product Competitor9.42B352.9015.5219.83%30.92%16.01%0.61
BEN logoBENFranklin Resources, Inc.Product Competitor17.17B33.0536.323.45%8.99%5.64%0.94
IVZ logoIVZInvesco Ltd.Product Competitor12.5B28.14-17.585.11%-3.69%-1.74%0.78
APAM logoAPAMArtisan Partners Asset Management Inc.Product Competitor2.53B35.888.867.63%23.96%44.91%0.52

Compare VCTR vs Peers

Victory Capital Holdings, Inc. (VCTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VRTS

Most directly comparable listed peer for VCTR.

Scale Benchmark

vs BLK

Larger-name benchmark to compare VCTR against a more recognizable public peer.

Peer Set

Compare Top 5

vs VRTS, DHIL, CNNE, GROW

VCTR Income Statement

Victory Capital Holdings, Inc. (VCTR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
-47.09M-21.38M-34.07M-33.3M-18.61M-43.22M-52.55M-53.4M-37.07M-39.08M
NII Growth %
-56.49%54.6%-59.4%2.26%44.13%-132.28%-21.59%-1.61%30.57%93.17%
Net Interest Margin %
-5.94%-2.67%-1.94%-1.92%-0.72%-1.7%-2.07%-2.1%-0.87%-0.94%
Interest Income
006.83M3.7M6.04M3.68M24.21M24.04M28.48M27.78M
Interest Expense
47.09M21.38M40.9M37.01M24.65M46.9M76.76M77.44M65.56M66.86M
Loan Loss Provision
200.47M219.19M285.53M335.84M386.57M352.4M288.29M286.27M312.14M362.17M
Non-Interest Income
409.63M413.41M605.54M771.65M884.22M851.12M796.81M869.44M1.28B1.45B
Non-Interest Income %
100%100%98.88%99.52%99.32%99.57%97.05%97.31%97.82%98.12%
Total Revenue
409.63M▲ 0%
413.41M▲ 0.9%
612.37M▲ 48.1%
775.35M▲ 26.6%
890.26M▲ 14.8%
854.8M▼ 4.0%
821.03M▼ 4.0%
893.48M▲ 8.8%
1.31B▲ 46.2%
1.47B▲ 0%
Revenue Growth %
37.51%0.92%48.13%26.61%14.82%-3.98%-3.95%8.82%46.19%257.87%
Non-Interest Expense
71.91M58.33M121.32M87.79M105.2M56.39M127.52M102.26M373.46M405.51M
Efficiency Ratio
17.56%14.11%19.81%11.32%11.82%6.6%15.53%11.45%28.59%27.49%
Operating Income
90.17M▲ 0%
114.52M▲ 27.0%
164.62M▲ 43.7%
314.71M▲ 91.2%
373.85M▲ 18.8%
399.11M▲ 6.8%
328.46M▼ 17.7%
427.51M▲ 30.2%
554.98M▲ 29.8%
640.39M▲ 0%
Operating Margin %
22.01%27.7%26.88%40.59%41.99%46.69%40.01%47.85%42.49%43.42%
Operating Income Growth %
268.26%27.01%43.75%91.18%18.79%6.76%-17.7%30.16%29.82%-
Pretax Income
38.46M▲ 0%
84.91M▲ 120.8%
120.69M▲ 42.1%
278.54M▲ 130.8%
350.64M▲ 25.9%
350.03M▼ 0.2%
275.91M▼ 21.2%
373.76M▲ 35.5%
438.32M▲ 17.3%
505.78M▲ 0%
Pretax Margin %
9.39%20.54%19.71%35.92%39.39%40.95%33.61%41.83%33.56%34.29%
Income Tax
12.63M21.21M28.2M66.02M72.25M74.52M62.75M84.89M108.26M125.55M
Effective Tax Rate %
32.85%24.98%23.36%23.7%20.61%21.29%22.74%22.71%24.7%24.82%
Net Income
25.83M▲ 0%
63.7M▲ 146.7%
92.49M▲ 45.2%
212.52M▲ 129.8%
278.39M▲ 31.0%
275.51M▼ 1.0%
213.16M▼ 22.6%
288.86M▲ 35.5%
330.06M▲ 14.3%
380.23M▲ 0%
Net Margin %
6.3%15.41%15.1%27.41%31.27%32.23%25.96%32.33%25.27%25.78%
Net Income Growth %
525.4%146.67%45.19%129.78%30.99%-1.03%-22.63%35.52%14.26%28.83%
Net Income (Continuing)
25.83M63.7M92.49M212.52M278.39M275.51M213.16M288.86M330.06M380.23M
EPS (Diluted)
0.47▲ 0%
0.90▲ 91.5%
1.26▲ 40.0%
2.88▲ 128.6%
3.75▲ 30.2%
3.81▲ 1.6%
3.12▼ 18.1%
4.38▲ 40.4%
4.08▼ 6.8%
5.91▲ 0%
EPS Growth %
651.64%91.49%40%128.57%30.21%1.6%-18.11%40.38%-6.85%-1.11%
EPS (Basic)
0.470.901.373.144.104.023.224.474.13-
Diluted Shares Outstanding
55.12M70.51M73.47M73.72M74.15M72.27M68.21M65.93M66.38M64.39M

VCTR Balance Sheet

Victory Capital Holdings, Inc. (VCTR) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
13.6M52.09M37.89M22.74M69.53M38.17M123.55M126.73M163.69M463.15M
Cash & Due from Banks
12.92M51.49M37.12M22.74M69.53M38.17M123.55M126.73M163.69M75.85M
Short Term Investments
677K601K771K0000000
Total Investments
11.34M13.32M19.08M2.32M912K466K534K605K99.39M0
Investments Growth %
83.94%17.5%43.21%-87.83%-60.72%-48.9%14.59%13.3%16328.76%16594.18%
Long-Term Investments
10.66M12.72M18.3M2.32M912K466K534K605K99.39M293.05M
Accounts Receivables
46.19M41.13M93.63M84.93M97.76M82.73M86.13M99.32M30.63M197.58M
Goodwill & Intangibles
692.11M671.79M1.58B1.57B2.33B2.3B2.26B2.24B3.71B3.7B
Goodwill
284.11M284.11M404.75M404.75M981.8M981.8M981.8M981.8M1.24B1.24B
Intangible Assets
408M387.68M1.18B1.16B1.35B1.31B1.28B1.26B2.48B2.46B
PP&E (Net)
8.84M8.78M13.24M18.75M25.3M21.15M19.58M11.87M23.83M112.71M
Other Assets
-786.57M-830.29M3.71M25.26M41.45M91.76M41.97M56.66M50.16M0
Total Current Assets
74.96M98.88M137.84M117.01M180.49M131.09M216.9M236.03M360.9M273.43M
Total Non-Current Assets
717.67M702.63M1.62B1.61B2.4B2.41B2.33B2.31B3.89B3.81B
Total Assets
792.62M▲ 0%
801.51M▲ 1.1%
1.75B▲ 118.8%
1.73B▼ 1.3%
2.58B▲ 49.1%
2.54B▼ 1.5%
2.54B▲ 0.1%
2.55B▲ 0.2%
4.25B▲ 66.7%
4.14B▲ 0%
Asset Growth %
-6.85%1.12%118.75%-1.29%49.06%-1.51%0.07%0.2%66.74%255.53%
Return on Assets (ROA)
3.14%7.99%7.24%12.2%12.92%10.76%8.39%11.35%9.71%9.03%
Accounts Payable
327K607K271K35.17M62.1M50.86M56.48M57.95M72.39M0
Total Debt
483.23M268.86M924.54M779.01M1.13B985.51M989.27M963.86M970.01M0
Net Debt
470.3M217.37M887.42M756.27M1.06B947.34M865.72M837.13M806.32M-75.85M
Long-Term Debt
483.23M268.86M924.54M769.01M1.13B985.51M989.27M963.86M970.01M0
Short-Term Debt
00010.01M000000
Other Liabilities
73.82M70.29M77.51M154.75M87.29M100.58M97.95M107.13M00
Total Current Liabilities
31.85M26.19M207.9M99.43M371.48M281.26M273.68M197.84M373.31M0
Total Non-Current Liabilities
529.59M319.77M1.01B923.76M1.28B1.19B1.22B1.23B1.45B486.66M
Total Liabilities
561.44M345.96M1.22B1.02B1.65B1.48B1.49B1.43B1.82B1.78B
Total Equity
701.49M▲ 0%
672.91M▼ 4.1%
537.87M▼ 20.1%
707.54M▲ 31.5%
929.93M▲ 31.4%
1.07B▲ 14.6%
1.05B▼ 1.2%
1.12B▲ 6.5%
2.42B▲ 116.2%
2.36B▲ 0%
Equity Growth %
-4.31%-4.07%-20.07%31.54%31.43%14.57%-1.16%6.52%116.18%446.14%
Equity / Assets (Capital Ratio)
88.5%83.96%30.68%40.88%36.05%41.93%41.41%44.03%57.08%56.98%
Return on Equity (ROE)
3.6%9.27%15.28%34.13%34%27.62%20.12%26.57%18.61%15.76%
Book Value per Share
12.739.547.329.6012.5414.7415.4417.0136.5336.65
Tangible BV per Share
0.170.02-14.19-11.66-18.90-17.03-17.75-17.00-19.42-20.74
Common Stock
572K706K720K742K772K805K824K839K879K884K
Additional Paid-in Capital
435.33M604.4M624.77M647.6M673.57M705.47M728.28M752.37M2.1B0
Retained Earnings
-183.89M-119.71M-34.7M161.58M402.81M609.12M736.85M924.6M1.1B1.17B
Accumulated OCI
64K-86K0-7.46M5.97M35.44M31.33M18.68M9.02M8.64M
Treasury Stock
-20.9M-29.76M-52.91M-94.92M-153.2M-285.43M-444.29M-574.86M-786.01M0
Preferred Stock
00000000199K200K

VCTR Cash Flow Statement

Victory Capital Holdings, Inc. (VCTR) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
96.17M134.34M227.38M250.62M376.2M335.21M330.29M339.98M240.41M424.97M
Operating CF Growth %
143.22%39.7%69.25%10.22%50.11%-10.89%-1.47%2.93%-29.29%63.42%
Net Income
25.83M63.7M92.49M212.52M278.39M275.51M213.16M288.86M330.06M380.23M
Depreciation & Amortization
29.91M23.28M23.87M16.38M18.84M43.2M41.65M30.18M72.85M86M
Deferred Taxes
11.19M4.12M-745K34.6M19.49M35.65M21.54M32.52M32.18M24.91M
Other Non-Cash Items
10.88M13.5M29.07M17.44M18.6M-41M-13.61M-10.04M-241.84M-68.71M
Working Capital Changes
1.19M12.41M60.57M-52.84M14.38M4.13M46.02M-21.62M-87.41M-128.35M
Cash from Investing
-8.53M-11.55M-849.81M-12.34M-556.59M-6.32M-7.84M-3.98M77.66M94.93M
Purchase of Investments
-9.68M-7.78M-6.78M-8.85M-14.55M-24.2M-13.85M-13.31M-39.22M-87.53M
Sale/Maturity of Investments
5.25M2.77M2.91M4.57M9.88M24.01M11.18M10.64M66.83M132.27M
Net Investment Activity
-4.43M-5M-3.87M-4.28M-4.67M-192K-2.67M-2.66M27.6M44.74M
Acquisitions
-2M-4M-840.7M0-539.24M-880K0053.61M56.68M
Other Investing
3.01M000000-37K0-3.06M
Cash from Financing
-91.27M-84.16M608.02M-252.7M227.22M-360.19M-237.13M-332.76M-329.45M-619.79M
Dividends Paid
-135.17M-831K-7.44M-16.24M-37.16M-69.2M-85.43M-101.12M-125.47M-137.11M
Share Repurchases
-4.65M-8.18M-15.54M-29.88M-31.53M-101.18M-139.3M-103.58M-144.93M-322.39M
Stock Issued
3.19M156.55M4.08M4.76M8.38M14.11M6.29M8.88M1.72M3.14M
Net Stock Activity
-1.46M148.37M-11.46M-25.11M-23.16M-87.07M-133.01M-94.69M-143.2M-319.26M
Debt Issuance (Net)
1000K-1000K1000K-1000K1000K-1000K0-1000K-1000K-3M
Other Financing
-8.5M-10.48M-33.5M-48.96M-72.94M-54.87M-18.69M-107.43M175.05M78.19M
Net Change in Cash
-3.52M▲ 0%
38.57M▲ 1195.7%
-14.37M▼ 137.3%
-14.38M▼ 0.0%
46.79M▲ 425.4%
-31.36M▼ 167.0%
85.38M▲ 372.2%
3.18M▼ 96.3%
36.96M▲ 1060.8%
-99.76M▲ 0%
Exchange Rate Effect
116K-65K42K43K-36K-70K58K-53K48.34M132K
Cash at Beginning
16.44M12.92M51.49M37.12M22.74M69.53M38.17M123.55M126.73M163.69M
Cash at End
12.92M51.49M37.12M22.74M69.53M38.17M123.55M126.73M163.69M75.85M
Interest Paid
41.49M17.53M23.45M38.69M18.77M31.98M70.69M78.68M63.39M46.16M
Income Taxes Paid
758K17.99M24.63M37.81M55.15M35.73M38.69M52.25M55.27M53.76M
Free Cash Flow
91.06M▲ 0%
131.8M▲ 44.7%
222.15M▲ 68.5%
242.56M▲ 9.2%
363.52M▲ 49.9%
329.97M▼ 9.2%
325.12M▼ 1.5%
338.7M▲ 4.2%
236.85M▼ 30.1%
421.55M▲ 0%
FCF Growth %
137.29%44.73%68.55%9.19%49.87%-9.23%-1.47%4.18%-30.07%20.16%

VCTR Banking Ratios

Victory Capital Holdings, Inc. (VCTR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
3.6%9.27%15.28%34.13%34%27.62%20.12%26.57%18.61%15.76%
Return on Assets (ROA)
3.14%7.99%7.24%12.2%12.92%10.76%8.39%11.35%9.71%9.03%
Net Interest Margin
-5.94%-2.67%-1.94%-1.92%-0.72%-1.7%-2.07%-2.1%-0.87%-0.94%
Efficiency Ratio
17.56%14.11%19.81%11.32%11.82%6.6%15.53%11.45%28.59%27.49%
Equity / Assets
88.5%83.96%30.68%40.88%36.05%41.93%41.41%44.03%57.08%56.98%
Book Value / Share
12.739.547.329.612.5414.7415.4417.0136.5336.65
NII Growth
-56.49%54.6%-59.4%2.26%44.13%-132.28%-21.59%-1.61%30.57%23.97%
Dividend Payout
523.39%1.3%8.04%7.64%13.35%25.12%40.08%35%38.01%25.13%
Related:VCTR Dividend History·VCTR Revenue History·VCTR Price History·VCTR P/E History·VCTR Financial Ratios·VCTR Institutional Holders

VCTR SEC Filings & Documents

Victory Capital Holdings, Inc. (VCTR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Apr 13, 2026·SEC

Material company update

Mar 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

VCTR Frequently Asked Questions

Victory Capital Holdings, Inc. (VCTR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Victory Capital Holdings, Inc. (VCTR) grew revenue by 46.2% over the past year. This is strong growth.

Yes, Victory Capital Holdings, Inc. (VCTR) is profitable, generating $380.2M in net income for fiscal year 2025 (25.3% net margin).

Dividend & Returns

Yes, Victory Capital Holdings, Inc. (VCTR) pays a dividend with a yield of 2.17%. This makes it attractive for income-focused investors.

Victory Capital Holdings, Inc. (VCTR) has a return on equity (ROE) of 18.6%. This is reasonable for most industries.

Industry Metrics

Victory Capital Holdings, Inc. (VCTR) has a net interest margin (NIM) of -0.9%. NIM has been under pressure due to interest rate environment.

Victory Capital Holdings, Inc. (VCTR) has an efficiency ratio of 28.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in VCTR back in 2015?

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How much would $100/month in VCTR be worth today?

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