Victory Capital Holdings, Inc. (VCTR)
Victory Capital Holdings, Inc. brought in $1.6B of revenue over the twelve months to September 30, 2026, up 36.9% from a year earlier. Net income was $455.7M, a net margin of 28.6%. Operating cash flow minus capital spending left $381.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $207.7M in cash against $965.9M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Victory Capital Holdings, Inc.
- Net worth
- Victory Capital Holdings, Inc. has a market value (market cap) of $7.8B at the latest share price, and shareholders' equity of $2.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.3B (+46.2% year on year), with net income of $330.1M. Over the 12 months to September 30, 2026: revenue $1.6B, net income $455.7M.
- Cash flow
- In fiscal 2025 operations brought in $385.5M of cash; after $4.2M of capital spending, free cash flow was $381.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Victory Capital Holdings, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Victory Capital Holdings, Inc. declared dividends of $1.94 per share in fiscal 2025, a yield of 1.54% at the current price.
What Victory Capital Holdings, Inc. does
Victory Capital Holdings, Inc. is registered with the SEC under industry code SIC 6282 (Investment Advice). Its shares trade on NASDAQ under the ticker VCTR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.3B | $330.1M | $4.08 | $381.3M |
| 2024 | $893.5M | $288.9M | $4.38 | $338.7M |
| 2023 | $821M | $213.2M | $3.12 | $325.1M |
| 2022 | $854.8M | $275.5M | $3.81 | $330M |
| 2021 | $890.3M | $278.4M | $3.75 | $363.5M |
| 2020 | $775.4M | $212.5M | $2.88 | $242.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where VCTR ranks in Finance
Dividends
Victory Capital Holdings, Inc. declared $1.94 per share in fiscal 2025. At the current price that is a yield of 1.54%. It paid out $157M in cash dividends, 48% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.94 | $157M | 48% |
| 2024 | $1.56 | $101.1M | 35% |
| 2023 | $1.28 | $85.4M | 40% |
| 2022 | $1.00 | $69.2M | 25% |
| 2021 | $0.53 | $37.2M | 13% |
| 2020 | $0.23 | $16.2M | 8% |
Latest SEC filings
What Victory Capital Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Additional proxy material DEFA14A
- November 6, 2026Other event 8-K
- November 5, 2026Additional proxy material DEFA14A
- November 5, 2026Passive stake (5% or more) SCHEDULE 13G
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 9.8% to $396.6M versus the same quarter last year; diluted EPS $1.11 versus $1.11.
- November 4, 2026
- October 30, 2026Passive stake (5% or more) SCHEDULE 13G
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- October 16, 2026Merger proxy statement DEFM14A
- October 13, 2026Other event 8-K
What is VCTR worth? A DCF from its reported cash flow
Insider trades
What the people running Victory Capital Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 17 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 28, 2026 | AmundiDirector, 10% owner | Other changeindirect | 100,000 | - |
| October 12, 2026 | Crestview Partners II GP, L.P.Director | Received as payindirect | 259 | $28.7K |
| October 12, 2026 | Hirtler-Garvey KarinDirector | Received as pay | 259 | $28.7K |
| October 12, 2026 | Rappaport AlanDirector | Received as pay | 597 | $66.2K |
| October 12, 2026 | Davanzo LawrenceDirector | Received as pay | 259 | $28.7K |
| October 12, 2026 | Demartini Richard MDirector | Received as pay | 326 | $36.2K |
| October 12, 2026 | Jackson Mary M.Director | Received as pay | 259 | $28.7K |
| August 13, 2026 | Policarpo Michael DennisPresident, CFO & CAO | Exercised options | 73,763 | - |
Who owns VCTR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| David C. Brown (In his capacity as a member of the Employee Shareholders Committee)13D, may seek influence with 2 related filers | 14% | February 29, 2024 |
| BlackRock, Inc.13G, passive | 11.3% | October 27, 2026 |
| Vanguard Portfolio Management13G, passive | 5.08% | October 30, 2026 |
| Bahl & Gaynor LLC13G, passive | 5% | November 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 356 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 6,961,189 | -5,785 |
| Bahl & Gaynor LLC | 3,044,278 | +340,047 |
| Amundi | 2,960,024 | -94,900 |
| Vanguard Capital Management LLC | 2,204,819 | -39,706 |
| Crestview Partners II GP, L.P. | 1,995,847 | -2,099,576 |
| Vanguard Portfolio Management LLC | 1,972,454 | -15,095 |
| Capital World Investors | 1,951,467 | -466,197 |
| Dimensional Fund Advisors LP | 1,893,368 | +149,903 |
| State Street Corp | 1,890,321 | +45,918 |
| Geode Capital Management, LLC | 1,197,499 | +30,510 |
| Granahan Investment Management, LLC | 1,015,343 | -71,972 |
| Fmr LLC | 1,008,893 | +193,489 |
| American Century Companies Inc | 1,001,129 | +679,865 |
| Franklin Resources Inc | 892,215 | -100,962 |
| Bank of America Corp | 819,375 | -188,030 |
| Goldman Sachs Group Inc | 686,893 | +138,718 |
| Charles Schwab Investment Management Inc | 583,036 | -5,415 |
| Annex Advisory Services, LLC | 581,984 | -9,858 |
| Royce & Associates LP | 529,249 | -54,140 |
| Impax Asset Management Group plc | 525,000 | -125,000 |
Insiders
12 insiders reported holding 9,764,728 shares in total, about $1.23B at the last price.
| Holder | Shares |
|---|---|
| AmundiDirector, 10% owner | 2,854,9242,854,924 held indirectly |
| Brown David CraigChairman and CEO | 2,442,311 |
| Crestview Partners II GP, L.P.Director | 1,996,4171,996,417 held indirectly |
| Policarpo Michael DennisPresident, CFO & CAO | 1,274,887 |
| Dhillon Mannik S.President Investment Franchise | 317,624 |
| Demartini Richard MDirector | 274,389 |
| Gupta NinaChief Legal Officer | 254,742 |
| Rappaport AlanDirector | 157,401 |
| Sipp Thomas MichaelExecutive Vice President | 140,405 |
| Hirtler-Garvey KarinDirector | 42,119 |
Questions about VCTR
What does Victory Capital Holdings, Inc. do?
Victory Capital Holdings, Inc. is a company in the Finance sector, listed on NASDAQ as VCTR. Its shares trade on NASDAQ under the ticker VCTR.
What is Victory Capital Holdings, Inc.'s net worth?
Victory Capital Holdings, Inc. has a market value (market cap) of $7.8B at the latest share price, and shareholders' equity of $2.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Victory Capital Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $455.7M on revenue of $1.6B, a net margin of 28.6%.
How much revenue does Victory Capital Holdings, Inc. make?
Over the twelve months to September 30, 2026 Victory Capital Holdings, Inc. reported revenue of $1.6B. That is 36.9% more than a year earlier.
When did Victory Capital Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the additional proxy material from November 6, 2026.
When is Victory Capital Holdings, Inc.'s next earnings report?
Victory Capital Holdings, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Victory Capital Holdings, Inc. pay a dividend?
Yes. Victory Capital Holdings, Inc. declared dividends of $1.94 per share in fiscal 2025, a yield of 1.54% at the current price.
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Where the numbers come from
Financial figures are the values Victory Capital Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.