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Friday 6 November 2026 Export VCTR’s income statement to Excel — free account

Victory Capital Holdings, Inc.

VCTR Financial Asset Management

Victory Capital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 46.2% from fiscal 2024.

Revenue
+9.79%
EPS
0.00%
Free cash flow
+34.9%
Total debt
−0.63%

Quarter to September 2026, against a year earlier

112.79 7.40 −6.16%
Market cap
$7.0B
P/E
20.5×
Fwd P/E
18.0×
Dividend yield
1.76%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
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Victory Capital Holdings, Inc. (VCTR) Net margin

Alert me on Net margin

Victory Capital Holdings, Inc.'s net margin over the twelve months to 30 September 2026 was 21.8%, up 1.1 percentage points from fiscal 2025 (20.7%). Over the past ten years it has ranged from −2.04% (fiscal 2016) to 32.3% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Asset Management industry median of 11.9% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 20.7% (11.65)
FY2024 32.3% 6.37
FY2023 26.0% (6.27)
FY2022 32.2% 0.96
FY2021 31.3% 3.86
FY2020 27.4% 12.31
FY2019 15.1% (0.31)
FY2018 15.4% 9.11
FY2017 6.30% 8.34
FY2016 −2.04% (3.62)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 17.4% (6.80)
Jun 2026 24.2% 2.17
Mar 2026 22.0% (1.42)
Dec 2025 23.5% 2.88
35 more quarters

Against its own ten years

Low −2.04% High 32.3%
Ten-year median 20.7%
Current reading's percentile 39

Net margin against peers

Company Net margin
MAIN Main Street Capital Corporation compare 78.5%
AMG Affiliated Managers Group, Inc. compare 37.7%
HLNE Hamilton Lane Inc. compare 32.4%
VCTR Victory Capital Holdings, Inc. 21.8%
BXSL Blackstone Secured Lending Fund compare 21.1%
OBDC Blue Owl Capital Corporation compare 20.8%
FHI Federated Hermes, Inc. compare 20.3%
HASI HA Sustainable Infrastructure Capital, Inc. compare 18.6%
STEP StepStone Group Inc. compare −30.5%
Asset Management industry median 11.9%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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