NASDAQ$VCTR

Victory Capital Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for Q1 2022 and a new share repurchase program.

Victory Capital reported a decrease in AUM due to negative market action, which was partially offset by net inflows. The company's revenue increased compared to the same quarter last year, driven by higher average AUM. The Board authorized a new share repurchase plan.

  • Total Assets Under Management (AUM) of $178.1 billion
  • Long-term gross flows of $11.0 billion
  • Long-term net inflows of $3.0 billion
  • Board authorizes regular $0.25 quarterly cash dividend and a new $100 million share repurchase program

Headline financials

Total Revenue

$229M

Previous: $212M+8.0%
EPS (adj)

$1.23

Previous: $1.13+8.8%
Ending AUM

$178B

Previous: $154B+15.4%
GAAP Operating Margin

44.1%

Previous: 42.1%+4.8%
Adjusted EBITDA Margin

49.7%

Previous: 50.2%-1.0%
Capital Expenditures

-$1.18M

Previous: -$393K-199.2%
Free Cash Flow

$70.1M

Previous: $64.8M+8.2%
Net Income

$71.3M

Previous: $65.2M+9.3%
Operating Income

$102M

Previous: $89.8M+13.1%
Gross Profit

$220M

Previous: $205M+7.1%
Cash & Equivalents

$38.6M

Previous: $30.4M+26.9%
Total Assets

$2.57B

Previous: $1.75B+47.0%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$229M

Q1 2022+8%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company did not provide forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.6%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+1.3%

Avg return

30 days after

50%

20 / 40 earnings

Positive

+22.4%

Q3 2018

Best reaction

-6.6%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%+4.0%+4.4%
Q4 2025-2.2%+8.3%-1.5%
Q3 2025-0.8%+3.0%+3.2%
Q1 2025-1.6%+7.6%+8.1%
Q4 2024+7.5%+3.4%-10.9%
Q3 2024+2.1%-0.0%+4.3%
Q2 2024+8.2%+9.1%+13.0%
Q1 2024-6.6%-1.3%-4.7%
Q4 2023+4.8%-0.6%+13.1%
Q3 2023+8.9%+5.2%+8.0%
Q2 2023+1.7%+0.1%+4.9%
Q1 2023+0.8%+2.5%+9.2%
Q4 2022-2.8%+4.7%-3.2%
Q3 2022+0.7%+3.0%+4.9%
Q2 2022-0.2%-1.1%-4.4%
Q1 2022-6.4%-10.1%+1.2%
Q4 2021-3.0%-3.5%-11.8%
Q3 2021+11.7%+10.4%-7.9%
Q2 2021+6.5%+7.0%+6.7%
Q1 2021+6.3%+3.6%+7.1%
Q4 2020+2.4%+0.8%+4.7%
Q3 2020+7.2%+7.3%+22.5%
Q2 2020+0.3%+3.7%-1.5%
Q1 2020+0.7%-6.1%+21.5%
Q4 2019-1.8%-2.4%-34.8%
Q3 2019+9.8%+11.3%+26.9%
Q2 2019-1.7%-8.2%-2.2%
Q1 2019+5.8%+16.9%+12.4%
Q4 2018-2.4%+1.6%+17.6%
Q3 2017-0.6%+1.3%-10.2%
Q3 2018+22.4%+39.9%+38.7%
Q2 2018-1.8%-0.5%-5.0%
Q1 2017-1.7%-2.6%+2.4%
Q1 2018-0.6%-4.5%+2.2%
Q2 2017-2.8%-6.6%-14.8%
Q2 2016-2.8%-6.6%-14.8%
Q4 2016-2.8%-6.6%-14.8%
Q3 2016-2.8%-6.6%-14.8%
Q4 2015-2.8%-6.6%-14.8%
Q4 2017+4.2%+3.2%-11.0%
Q1 2016

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