Victory Capital Holdings, Inc. (VCTR) Financial Statements
Industry: Investment Advice
In fiscal 2025, Victory Capital reported revenue of $1.31B, up 46.2% from $893.5M the year before. Net income was $330.1M (a 25.3% net margin), or $4.08 per diluted share. Operating margin was 36.6%. Operating activities generated $385.5M of cash, leaving $381.3M of free cash flow. At fiscal year end, Victory Capital held $4.25B in total assets against $1.82B in total liabilities, including $163.7M of cash and equivalents.
Open the full interactive Victory Capital financials → Quarterly statements, key ratios, valuation history and price charts.
Victory Capital Key Stats
| Share Price | $109.57 |
|---|---|
| Market Cap | $6.88B |
| P/E Ratio | 26.9 |
| Dividend Yield | 2.41% |
| Revenue YoY Growth | +46.2% |
| 52-Week Range | $59.26 – $120.59 |
| Shares Outstanding | 62.2 million (basic, 2026 Q2) |
Victory Capital Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $775.4M | $890.3M | $854.8M | $821.0M | $893.5M | $1.31B |
| Operating Income | $314.7M | $373.8M | $399.1M | $328.5M | $427.5M | $478.4M |
| Pre-Tax Income | $278.5M | $350.6M | $350.0M | $275.9M | $373.8M | $438.3M |
| Income Tax | $66.0M | $72.3M | $74.5M | $62.8M | $84.9M | $108.3M |
| Net Income | $212.5M | $278.4M | $275.5M | $213.2M | $288.9M | $330.1M |
| Diluted EPS | $2.88 | $3.75 | $3.81 | $3.12 | $4.38 | $4.08 |
Victory Capital Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $361.2M | $374.1M | $388.0M | $435.4M |
| Net Income | $96.5M | $112.8M | $112.1M | $139.4M |
| Diluted EPS | $1.11 | $1.70 | $1.33 | $1.68 |
Victory Capital Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.7M | $69.5M | $38.2M | $123.5M | $126.7M | $163.7M |
| Total Assets | $1.73B | $2.58B | $2.54B | $2.54B | $2.55B | $4.25B |
| Total Long-Term Debt | $769.0M | $1.13B | $985.5M | $989.3M | $963.9M | $970.0M |
| Total Liabilities | $1.02B | $1.65B | $1.48B | $1.49B | $1.43B | $1.82B |
| Shareholders' Equity | $707.5M | $929.9M | $1.07B | $1.05B | $1.12B | $2.42B |
Victory Capital Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $250.6M | $376.2M | $335.2M | $330.3M | $340.0M | $385.5M |
| Cash From Investing | -$12.3M | -$556.6M | -$6.3M | -$7.8M | -$4.0M | $76.6M |
| Cash From Financing | -$252.7M | $227.2M | -$360.2M | -$237.1M | -$332.8M | -$425.5M |
| Free Cash Flow | $242.6M | $363.5M | $330.0M | $325.1M | $338.7M | $381.3M |
| Dividends Paid | $16.2M | $37.2M | $69.2M | $85.4M | $101.1M | $157.0M |
Figures from Victory Capital's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Victory Capital financials page for every line item.
Victory Capital Company Profile
| Ticker | VCTR |
|---|---|
| Exchange | Nasdaq |
| Industry | Investment Advice |
| Headquarters | Brooklyn, Ohio |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001570827 |
Frequently Asked Questions
What was Victory Capital's revenue in fiscal 2025?
Victory Capital (VCTR) reported revenue of $1.31B for fiscal 2025.
What is Victory Capital's annual revenue history?
Victory Capital's annual revenue by fiscal year: 2020: $775.4M; 2021: $890.3M; 2022: $854.8M; 2023: $821.0M; 2024: $893.5M; 2025: $1.31B.
What was Victory Capital's net income in fiscal 2025?
Victory Capital reported net income of $330.1M for fiscal 2025.
What was Victory Capital's earnings per share (EPS) in fiscal 2025?
Victory Capital's diluted EPS was $4.08 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Victory Capital generate in fiscal 2025?
Victory Capital generated $381.3M of free cash flow in fiscal 2025.
What was Victory Capital's revenue last quarter?
In its most recent reported quarter (2026 Q2), Victory Capital reported revenue of $435.4M.
How much debt does Victory Capital have?
Victory Capital reported $970.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Victory Capital are outstanding?
Victory Capital reported a weighted average of 62.2 million basic shares outstanding in 2026 Q2.
What is Victory Capital's market cap?
Based on its latest closing price, Victory Capital (VCTR) has a market capitalization of about $6.88B.
When does Victory Capital's fiscal year end?
Victory Capital's fiscal year end, as registered with the SEC, is December 31.
Where is Victory Capital headquartered?
Victory Capital lists its business address in Brooklyn, Ohio in its SEC filings.