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

115.49 3.08 +2.74%
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

Victory Capital Holdings, Inc. (VCTR) Operating margin

Alert me on 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

Against its own ten years

Low 8.22% High 47.9%
Ten-year median 36.6%
Current reading's percentile 53

Operating margin against peers

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

The full definition of Operating margin →

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