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VCTRVictory Capital Holdings, Inc.
$106.31$6.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VCTR logo

Victory Capital Holdings, Inc.

VCTR
NASDAQ · Asset Management
$106.31
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$6.65B
P/E26.1x
52W High$123.55
Volume515.72K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee-Driven Growth Offsets Negative NIM

Victory Capital's transformative acquisition in 2025 nearly doubled assets to $4.2B and strengthened its equity buffer to 57% of assets, while fee income now constitutes 100% of revenue. The company has demonstrated accelerating growth, with revenue up 13% seq...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

VCTR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+44% Peers

P/E is 44% above peer median

03

Market leadership

RS 87 · Leader

High momentum (Outperforming 87% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VCTR+68.17%
S&P 500 (^GSPC)+12.39%
1-Year Return
VCTR+62.55%
S&P 500 (^GSPC)+15.77%
3-Year Return
VCTR+229.83%
S&P 500 (^GSPC)+79.59%
5-Year Return
VCTR+236.72%
S&P 500 (^GSPC)+71.42%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
26.1x
Forward P/EExpansion
13.4x
EV/EBITDA100th %ile
11.9x
FCF YieldCash Flow
3.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
26.1x
11.0x
100th· High
EV/EBITDA
11.9x
8.7x
100th· High
Price/FCF
28.1x
7.5x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$85.06-20.0%
Base (Fair)$103.13-3.2%
Bull$112.22+5.6%
$85.06 Bear$103.13 Base$112.22 Bull
Current Market Price: $106.31
Trades at a 3.1% premium to Base DCF ($103.13)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.24B+52.0% YoY
Net income
$330M+14.3% YoY
Free cash flow
$237M-30.1% YoY
Operating margin
42.5%-5.4 pts YoY
ROIC (TTM)15.2%
Avg ROIC 5Y-
ROE (TTM)18.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$2.21+23.5%
vs $1.79
$435M+12.8%
vs $386M
Q2 2026
May 6, 2026
$1.82+10.3%
vs $1.65
$388M+6.3%
vs $365M
Q1 2026
Feb 4, 2026
$1.78+7.2%
vs $1.66
$374M+0.2%
vs $373M
Q4 2025
Nov 6, 2025
$1.63+1.9%
vs $1.60
$361M-3.4%
vs $374M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GuruFocus·Sep 15, 2026
Victory Capital Holdings Inc (VCTR) Stock Down 3.2% but Still Overvalued -- GF Score: 93/100

Victory Capital Holdings Inc (VCTR) Valuation AssessmentOn September 15, 2026, Victory Capital Holdings Inc (VCTR) shares fell 3.2% to a current price of $105.5

GuruFocus·Sep 11, 2026
Victory Capital Reports August 2026 Total Client Assets

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $356.5 billion,

Business Wire·Sep 11, 2026
Victory Capital Reports August 2026 Total Client Assets

SAN ANTONIO, Texas--(BUSINESS WIRE)--Victory Capital Reports August 2026 Total Client Assets.

Zacks Investment Research·Sep 8, 2026
3 Dividend Growth Stocks to Buy as Fed Expected to Keep Rates Higher

Three dividend growth stocks are here to offer income and growth potential as interest rates may stay higher for longer.

Filtered for Victory Capital Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark VCTR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Victory Capital Holdings, Inc. (VCTR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VCTR logoVCTRVictory Capital Holdings, Inc.Current
$106.31$6.65B26.0652.02%25.27%18.61%1.78%
VRTS logoVRTSVirtus Investment Partners, Inc.
$128.00$855.31M6.41-7.13%15.72%11.02%—
DHIL logoDHILDiamond Hill Investment Group, Inc.
$174.99$473.29M9.774.48%30.89%27.03%—
CNNE logoCNNECannae Holdings, Inc.
$15.79$693.82M-1.74-6.39%-38.18%-15.57%—
GROW logoGROWU.S. Global Investors, Inc.
$2.97$37.66M-118.80-23.04%36.31%6.74%—
AMG logoAMGAffiliated Managers Group, Inc.
$366.17$9.67B16.1021.05%33.86%19.67%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

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

Aug 5, 2026·SEC

Material company update

Jul 23, 2026·SEC

Material company update

Jul 13, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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VCTR Frequently Asked Questions

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

Growth & Financials
How fast is Victory Capital Holdings, Inc. growing?

Victory Capital Holdings, Inc. (VCTR) grew revenue by 52.0% over the past year. This is strong growth.

Is VCTR profitable?

Yes, Victory Capital Holdings, Inc. (VCTR) is profitable, generating $460.9M in net income for fiscal year 2025 (25.3% net margin).

Dividend & Returns
Does VCTR pay dividends?

Yes, Victory Capital Holdings, Inc. (VCTR) pays a dividend with a yield of 1.78%. This makes it attractive for income-focused investors.

What is VCTR's return on equity?

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

Industry Metrics
What is Victory Capital Holdings, Inc.'s net interest margin?

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

What is Victory Capital Holdings, Inc.'s efficiency ratio?

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?

Total return calculator · dividends reinvested · 11+ years of data

See returns →