Victory Capital Holdings, Inc. VCTR

108.75 2.65 2.50% as of 25 Sep
Market cap
$6.5B
P/E
19.8×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 15.53%

Capital & Financial Ratios

Market Cap 6,530.00
Revenue 1,558.67
Net Income 460.90
Free Cash Flow 563.60
Net Debt 897.85
Current Ratio 1.29
Debt/Equity 0.41
P/E ratio 19.81
P/S ratio 4.34
P/B ratio 2.85
Past 5Y EPS Growth 28.33%
This Y EPS Growth 25.54%
Next Y EPS Growth 10.78%
Next 5Y EPS Growth 13.08%
in millions of $

Dividends

Payout Ratio 0.35
Annual Dividend Rate 1.28
Annual Dividend Yield 3.93%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.00
0.49
0.50
0.50
2025 1.94
0.47
0.49
0.49
0.49
2024 1.56
0.34
0.37
0.41
0.44
2023 1.28
0.32
0.32
0.32
0.32
2022 1.00
0.25
0.25
0.25
0.25
2021 0.53
0.09
0.12
0.15
0.17
2020 0.23
0.05
0.05
0.06
0.07
2019 0.10
0.05
0.05
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 124 127 164 70
Receivables 88 101 181 —
Inventory — — — —
Other — — — —
217 236 361 337
2023 2024 2025 Q'26
Payables 274 198 160 131
ST’ Debt — — — —
Other — — — —
329 249 246 260
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 18.42% 10.99% 15.18%
Cash Flow 25.22% 8.99% 4.77%
Earnings 53.17% 4.92% (0.65%)
Book Value 25.54% 27.93% 31.54%

Revenue

Mar Jun Sep Dec Year
’26 388 435 — — —
’25 220 351 361 374 1,306
’24 216 220 226 232 893
’23 201 204 210 206 821
’22 230 216 207 202 855
’21 213 222 226 229 890
’20 204 182 189 200 775
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 121 135 — — —
’25 81 (7) 166 145 385
’24 69 80 100 92 340
’23 64 77 92 97 330
’22 75 90 103 67 335
’21 80 85 100 112 376
’20 52 69 62 68 251
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 120 134 — — —
’25 80 (7) 165 144 381
’24 68 79 99 92 339
’23 64 75 90 96 325
’22 74 89 102 66 330
’21 79 79 97 108 364
’20 51 64 60 67 243
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.33 1.68 — — —
’25 0.96 0.68 1.11 1.32 4.08
’24 0.84 1.12 1.24 1.17 4.38
’23 0.71 0.83 0.77 0.82 3.12
’22 0.97 1.09 1.01 0.74 3.81
’21 0.88 0.93 1.00 0.94 3.75
’20 0.77 0.61 0.76 0.75 2.88
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — 7.27 9.52 10.18 15.69 22.22 26.80 32.55 47.00

Analyst estimates 2026–2028

Powerpack
Low Price
— — 13.50 22.25 24.96 43.09 37.35 35.21 73.42 73.00
High Price
276 267 263 358 429 485 512 481 460 699
Employees
1 2 2 2 2 2 2 2 2 2
Revenue/Emp
298 410 413 612 775 890 855 821 893 1,306
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
(9) 38 85 121 279 351 350 276 374 438
EBT
(3.05%) 9.39% 20.54% 19.71% 35.92% 39.39% 40.95% 33.61% 41.83% 33.56%
EBT Margin
(6) 26 64 92 213 278 276 213 289 330
Net Income
30 37 23 24 16 19 43 42 30 73
Depreciation
5.96 7.46 6.24 9.06 11.45 13.10 12.48 12.40 13.83 19.96
Revenue/Sh
(0.12) 0.47 0.96 1.37 3.14 4.10 4.02 3.22 4.47 4.13
Earnings/Sh
0.79 1.75 2.03 3.36 3.70 5.53 4.89 4.99 5.26 5.89
Cash Flow/Sh
(0.02) (0.04) (0.04) (0.08) (0.12) (0.19) (0.08) (0.08) (0.02) (0.06)
Capex/Sh
0.77 1.71 1.99 3.29 3.58 5.35 4.82 4.91 5.24 5.83
Free CF/Sh
6.62 4.21 6.87 7.95 10.45 13.68 15.56 15.91 17.36 37.05
Book Value/Sh
50 55 66 68 68 68 68 66 65 65
Shares
24.88 24.88 10.76 15.31 7.93 8.93 6.71 10.48 14.68 15.35
PE Ratio
1.56 1.56 1.64 2.32 2.17 2.79 2.17 2.72 4.73 3.16
PS Ratio
2.77 2.77 1.49 2.64 2.37 2.67 1.74 2.12 3.77 1.70
PB Ratio
2.71 2.71 2.16 3.76 3.13 3.98 3.27 3.78 5.67 3.78
EV/Sales
11.80 11.80 6.79 10.38 10.00 9.74 8.48 9.53 14.96 12.94
EV/FCF
40 96 134 227 251 376 335 330 340 385
Op' Cash Flow
(1) (2) (3) (5) (8) (13) (5) (5) (1) (4)
Capex
38 94 132 222 243 364 330 325 339 381
FCF
15 13 42 (126) (65) (245) (209) (112) (13) 115
Working Cap'
419 483 269 925 769 1,128 986 989 964 970
Total Debt
402 470 217 887 746 1,058 947 866 837 806
Net Debt
331 231 456 538 708 930 1,065 1,053 1,122 2,425
Sh' Equity
(0.83%) 3.14% 7.99% 7.24% 12.20% 12.92% 10.76% 8.39% 11.35% 7.95%
ROA
2.09% 8.03% 10.64% 7.22% 13.53% 11.75% 12.39% 10.70% 13.64% 9.25%
ROIC
(2.09%) 9.19% 18.55% 18.62% 34.13% 34.00% 27.62% 20.12% 26.57% 15.24%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Victory Capital Holdings, Inc. (VCTR) key facts

  • Victory Capital Holdings, Inc. (VCTR) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • Victory Capital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 46.2% from fiscal 2024.
  • As of September 25, 2026, VCTR traded at $108.75, a market capitalization of $6.5 billion.
  • Victory Capital Holdings, Inc. pays an annual dividend of $1.28 per share, a yield of 3.93%, with a payout ratio of 34.7%.
  • Return on equity was 15.2% and debt-to-equity 0.41.

Source: company filings (standardised) and stockrow calculations.

Victory Capital Holdings, Inc. (VCTR) Latest News

News by impact score

Fine-tune

17 Sep

3

Victory Capital Holdings expanded its ETF assets, with questions raised on whether this growth trajectory is becoming more durable amid ongoing market conditions. ETF asset expansion at Victory Capital may moderately boost assets under management and revenue but remains subject to broader market volatility.

27 Aug

4

Victory Capital Holdings' $7 billion acquisition of First Eagle leaves the company potentially 26% overvalued. The $7 billion First Eagle acquisition introduces major valuation and performance risks for Victory Capital.

26 Aug

5

Victory Capital Holdings agrees to acquire First Eagle for $7 billion. The $7 billion acquisition of First Eagle constitutes a transformative expansion of Victory Capital's scale and competitive position.

5

Victory Capital Holdings agrees to acquire First Eagle in a $7 billion deal. The $7 billion acquisition of First Eagle marks a transformative expansion of Victory Capital's scale and competitive position.

5

Victory Capital Holdings, Inc. struck a $7B deal to acquire First Eagle and targets $571B in client assets. The $7 billion acquisition of First Eagle enables Victory Capital to target $571 billion in client assets and fundamentally expands its scale.

5

Victory Capital Holdings agrees to acquire First Eagle in a $7 billion transaction. The $7 billion acquisition of First Eagle will fundamentally expand Victory Capital's assets under management and competitive position.

5

Victory Capital Holdings agrees to acquire First Eagle Investments for $7 billion. $7 billion acquisition of First Eagle Investments expands Victory Capital's assets under management and market position.

5

Victory Capital Holdings, Inc. (VCTR) acquires First Eagle Investments, forming a $571 billion diversified global asset manager. Acquisition creates $571 billion asset manager, transforming Victory Capital scale and global competitive position.

4

Victory Capital Holdings acquires First Eagle Investments with Amundi's approval. Acquisition of First Eagle Investments expands Victory Capital's assets under management and competitive reach in a major strategic move.

12 Aug

3 transcript

Victory Capital Holdings (VCTR) Q2 2026 earnings call covered financial results, performance metrics and management outlook. Quarterly earnings details typically affect near-term stock sentiment but rarely shift long-term company trajectory.

7 Aug

4

Victory Capital Holdings beat Q2 earnings and announced acquisition plans, prompting questions on whether the stock is overvalued at current levels. Q2 earnings beat plus acquisition plans represent major strategic moves that can alter company trajectory and investor sentiment.

3 transcript

Victory Capital Holdings reported Q2 results on its earnings call, covering revenue, EPS, assets under management growth, and forward outlook. Quarterly earnings calls typically deliver moderate updates on financials and strategy that can move near-term sentiment and valuation.

6 Aug

4 transcript

Victory Capital Holdings Inc posted record assets in its Q2 2026 earnings call. Record assets mark major growth that can shift company trajectory and investor views.

4

Victory Capital Holdings, Inc. held its Q2 2026 earnings call covering financial performance and outlook. Q2 earnings figures and forward guidance directly move revenue forecasts and valuation multiples.

5 Aug

4

Victory Capital Holdings reported record second quarter 2026 results. Record quarterly results point to strong performance that can lift stock valuation and investor outlook.

15 May

4

Victory Capital Holdings (VCTR) reported strong Q1 2026 growth in revenue and client assets, leading to a favorable valuation assessment. Strong Q1 2026 revenue and client assets growth signals major positive shift in VCTR's financial trajectory and investor sentiment.

9 May

4

Victory Capital Holdings, Inc. (VCTR) Q1 earnings call highlights key quarterly financial results, asset growth, revenue increases, and forward guidance. Q1 earnings highlights detail financial performance and strategic outlook, significantly influencing stock trajectory and investor sentiment.

7 May

3

Victory Capital Holdings, Inc. (VCTR) Q1 2026 earnings call summary details financial results, assets under management growth, revenue, net income, and forward guidance. Quarterly earnings summary influences financial performance and investor sentiment but represents routine reporting.

6 May

4

Victory Capital Holdings (VCTR) Q1 earnings key metrics indicate solid performance with beats on EPS and revenue, alongside AUM growth and dividend hike, signaling financial strength. Q1 earnings beats and AUM expansion signal significant positive trajectory for VCTR's market performance.

4

Victory Capital Holdings (VCTR) exceeded Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates boosts investor sentiment and signals strong financial performance ahead.

4

Victory Capital Holdings, Inc. (VCTR) reported record first quarter results. Record first quarter results demonstrate strong financial performance likely to enhance investor sentiment and future growth trajectory.

29 Apr

3

Victory Capital Holdings (VCTR) earnings are expected to grow, prompting analysis on whether to buy the stock. Expected earnings growth signals potential positive financial performance influencing stock sentiment and trajectory.

16 Apr

3

Victory Capital Holdings (VCTR) has a strong history of beating earnings estimates and shows positive indicators like Earnings ESP and Zacks Rank #2, positioning it to potentially surpass expectations again in its upcoming quarterly report. Earnings preview highlighting positive surprise potential moderately influences financial performance expectations and short-term market sentiment.

27 Mar

4

Janus Henderson bidding war concludes without a winner. Performance of funds Trian Partners advocated for shows varied results, with implications for Victory Capital Holdings. End of Janus Henderson bidding war eliminates major acquisition opportunity for Victory Capital, significantly impacting its strategic growth and market positioning.

4

Janus Henderson has a buyer, with performance details provided for its funds amid the deal announcement involving Victory Capital Holdings (VCTR). Victory Capital's acquisition of Janus Henderson's business delivers major strategic growth by expanding AUM and enhancing competitive positioning.

26 Mar

4

Victory Capital Holdings withdrew its $9 billion bid for Janus Henderson after shareholders backed a rival $52 per share offer. Withdrawal from a $9 billion acquisition bid marks a major strategic pivot altering Victory Capital's expansion plans and investor outlook.

25 Mar

4

Victory Capital Holdings, Inc. (VCTR) withdrew its proposal to acquire Janus Henderson (JHG). Withdrawal eliminates a major acquisition opportunity that could have significantly expanded VCTR's assets under management and competitive position.

24 Mar

5

Janus Henderson reports Trian and General Catalyst raised their acquisition offer for Victory Capital Holdings (VCTR) to $52 per share. Increased acquisition offer to $52 per share signals potential buyout, fundamentally redefining VCTR's future and market position.

4

Victory Capital Holdings, Inc. (VCTR) withdrew its proposal to acquire Janus Henderson amid regulatory concerns and valuation disputes. Withdrawal ends pursuit of major acquisition that would have doubled VCTR's assets under management and reshaped its competitive position.

4

Victory Capital Holdings rejects client concerns as Janus Henderson's acquisition bid faces regulatory and investor scrutiny. Potential acquisition by Janus Henderson under scrutiny represents a major strategic shift that could reshape Victory Capital's ownership, operations, and market valuation.

stockrow.com/VCTR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com