Last 38 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Victory Capital Holdings, Inc.'s quarterly P/E stands at 12.3x, down 18.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 53.9% YoY to 5.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.33 | 12.31 | 11.95 | 14.59 | 23.41 | 15.07 | 13.99 | 11.17 | 10.65 | 12.63 | 10.50 | 10.82 | 9.50 |
| — | -18.3% | -14.6% | +30.6% | +119.7% | +19.3% | +33.2% | +3.2% | +12.1% | +22.5% | +15.8% | +87.6% | +71.9% | |
| P/S Ratio | 4.27 | 2.71 | 2.81 | 3.00 | 3.08 | 4.26 | 4.61 | 4.05 | 3.59 | 3.24 | 2.80 | 2.69 | 2.64 |
| — | -36.3% | -39.1% | -26.0% | -14.2% | +31.5% | +64.8% | +50.7% | +35.7% | +27.9% | +19.0% | +33.1% | +30.1% | |
| P/B Ratio | 2.38 | 1.79 | 1.73 | 1.81 | 1.76 | 3.27 | 3.82 | 3.12 | 2.81 | 2.60 | 2.19 | 2.10 | 2.07 |
| — | -45.4% | -54.6% | -42.0% | -37.5% | +25.9% | +74.7% | +48.6% | +36.0% | +33.5% | +23.0% | +33.5% | +22.1% | |
| P/FCF | 23.53 | 8.78 | 7.30 | 6.58 | — | 11.78 | 11.70 | 9.13 | 9.92 | 10.26 | 5.98 | 6.28 | 7.16 |
| — | -25.5% | -37.6% | -28.0% | — | +14.7% | +95.5% | +45.4% | +38.5% | +27.9% | -16.5% | +52.5% | +44.4% | |
| EV / EBITDA | 10.16 | 5.20 | 4.99 | 8.11 | 11.18 | 11.30 | 10.75 | 8.71 | 8.50 | 10.04 | 8.41 | 8.49 | 7.99 |
| — | -53.9% | -53.6% | -6.9% | +31.5% | +12.6% | +27.8% | +2.6% | +6.4% | +15.8% | +7.3% | +42.3% | +52.2% | |
| EV / EBIT | 11.49 | 6.37 | 8.56 | 8.88 | 12.51 | 11.69 | 10.98 | 8.74 | 8.70 | 10.10 | 8.45 | 9.13 | 8.31 |
| — | -45.5% | -22.1% | +1.6% | +43.8% | +15.7% | +30.0% | -4.3% | +4.7% | +7.6% | -2.3% | +38.6% | +43.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Victory Capital Holdings, Inc.'s operating margin was 45.9% in Q1 2026, down 15.5 pp QoQ and up 3.6 pp YoY. The trailing four-quarter average of 43.1% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.1% | 72.0% | 69.8% | 71.2% | 70.5% | 73.9% | 19.7% | 74.0% | 73.7% | 71.9% | 7.9% | 72.0% | 70.5% |
| — | -2.6% | +254.4% | -3.8% | -4.3% | +2.9% | +150.8% | +2.7% | +4.5% | +3.9% | -84.9% | +1.2% | +29.6% | |
| Operating Margin | 42.5% | 45.9% | 61.4% | 38.2% | 26.8% | 42.3% | 48.1% | 53.3% | 50.4% | 39.3% | 41.9% | 38.2% | 42.9% |
| — | +8.5% | +27.7% | -28.3% | -46.7% | +7.7% | +14.7% | +39.7% | +17.5% | +6.1% | +6.2% | -19.8% | -22.4% | |
| Net Margin | 25.3% | 28.9% | 30.2% | 26.7% | 16.7% | 28.2% | 33.1% | 36.3% | 33.8% | 25.8% | 26.8% | 24.8% | 27.7% |
| — | +2.3% | -8.9% | -26.4% | -50.5% | +9.4% | +23.4% | +46.5% | +21.8% | +5.4% | +3.4% | -29.4% | -24.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 4.7% | 4.7% | 4.0% | 3.3% | 5.5% | 6.7% | 7.1% | 6.8% | 5.2% | 5.2% | 4.9% | 5.4% |
| — | -14.3% | -30.2% | -44.4% | -51.8% | +4.6% | +29.2% | +45.6% | +24.8% | +12.2% | +5.8% | -29.1% | -30.8% | |
| ROA | 9.7% | 2.7% | 2.7% | 2.3% | 1.7% | 2.4% | 3.0% | 3.2% | 2.9% | 2.2% | 2.2% | 2.0% | 2.2% |
| — | +10.7% | -10.6% | -28.3% | -41.6% | +9.5% | +38.7% | +56.9% | +31.5% | +13.5% | +5.5% | -28.2% | -27.4% | |
| ROIC | 15.2% | 4.6% | 5.1% | 3.0% | 2.6% | 3.3% | 4.0% | 4.2% | 4.0% | 3.1% | 3.2% | 2.9% | 3.2% |
| — | +39.9% | +28.9% | -28.1% | -35.9% | +7.3% | +25.3% | +44.6% | +23.2% | +13.1% | +8.7% | -18.4% | -26.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | — | 0.40 | 0.41 | 0.39 | 0.84 | 0.86 | 0.84 | 0.87 | 0.92 | 0.94 | 0.92 | 0.94 |
| — | — | -53.4% | -51.6% | -55.2% | -8.3% | -8.5% | -8.9% | -7.4% | -2.3% | +1.6% | -2.0% | -3.7% | |
| Debt / EBITDA | 1.55 | — | 3.86 | 6.07 | 8.32 | 9.61 | 8.08 | 7.68 | 8.31 | 10.72 | 10.49 | 10.70 | 10.16 |
| — | — | -52.2% | -21.0% | +0.2% | -10.3% | -23.0% | -28.2% | -18.2% | -6.3% | -3.4% | +17.0% | +29.9% | |
| Current Ratio | 0.97 | — | 0.52 | 1.86 | 1.98 | 1.31 | 1.19 | 1.46 | 1.16 | 0.87 | 0.79 | 0.68 | 0.48 |
| — | — | -56.4% | +27.7% | +70.8% | +49.9% | +50.5% | +115.2% | +139.0% | +91.3% | +70.1% | +33.5% | +11.1% | |
| Quick Ratio | 0.97 | — | 0.52 | 1.86 | 1.98 | 1.31 | 1.19 | 1.46 | 1.16 | 0.87 | 0.79 | 0.68 | 0.48 |
| — | — | -56.4% | +27.7% | +70.8% | +49.9% | +50.5% | +115.2% | +139.0% | +91.3% | +70.1% | +33.5% | +11.1% | |
| Interest Coverage | 7.52 | 11.18 | 7.77 | 8.66 | 6.23 | 7.34 | 6.45 | 6.42 | 5.88 | 4.62 | 5.67 | 5.51 | 6.27 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 38 years · Updated daily
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Quick answers to the most common questions about buying VCTR stock.
Victory Capital Holdings, Inc.'s current P/E is 21.3x. The average P/E over the last 4 quarters is 15.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Victory Capital Holdings, Inc.'s current operating margin is 42.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Victory Capital Holdings, Inc.'s business trajectory between earnings reports.