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
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Victory Capital Holdings, Inc. (VCTR) Operating margin
Victory Capital Holdings, Inc.'s operating margin over the twelve months to 30 September 2026 was 40.4%, up 3.8 percentage points from fiscal 2025 (36.6%). Over the past ten years it has ranged from 8.22% (fiscal 2016) to 47.9% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 36.6% | (11.22) |
| FY2024 | 47.9% | 7.84 |
| FY2023 | 40.0% | (6.68) |
| FY2022 | 46.7% | 4.70 |
| FY2021 | 42.0% | 1.40 |
| FY2020 | 40.6% | 13.71 |
| FY2019 | 26.9% | (0.82) |
| FY2018 | 27.7% | 5.69 |
| FY2017 | 22.0% | 13.79 |
| FY2016 | 8.22% | (5.58) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 34.7% | (9.77) |
| Jun 2026 | 44.5% | 3.47 |
| Mar 2026 | 41.0% | 0.09 |
| Dec 2025 | 40.9% | 2.70 |
| 35 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MAIN Main Street Capital Corporation compare | 87.0% |
| BXSL Blackstone Secured Lending Fund compare | 83.3% |
| OBDC Blue Owl Capital Corporation compare | 75.1% |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | 68.7% |
| HLNE Hamilton Lane Inc. compare | 43.7% |
| VCTR Victory Capital Holdings, Inc. | 40.4% |
| FHI Federated Hermes, Inc. compare | 27.8% |
| AMG Affiliated Managers Group, Inc. compare | 21.5% |
| STEP StepStone Group Inc. compare | −58.2% |
| Asset Management industry median | 27.3% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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