NASDAQ$VCTR

Victory Capital Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong earnings and positive net long-term flows for the first half of the year.

Victory Capital reported a decrease in AUM to $154.9 billion due to negative market action, but showed resilience with an adjusted EBITDA margin exceeding 49%. The company repaid $45 million in debt and increased shareholder returns through share repurchases and dividends.

  • Total Assets Under Management (AUM) reached $154.9 billion.
  • Long-term gross flows were $9.2 billion.
  • Long-term net flows resulted in ($0.6) billion.
  • GAAP operating margin was 55.2%.

Headline financials

Total Revenue

$215M

Previous: $221M-2.8%
EPS (adj)

$1.11

Previous: $1.18-5.9%
Ending AUM

$155B

Previous: $162B-4.3%
GAAP Operating Margin

55.2%

Previous: 42.9%+28.7%
Adjusted EBITDA Margin

49.2%

Previous: 50.6%-2.8%
Capital Expenditures

-$2.91M

Previous: -$5.57M+47.7%
Free Cash Flow

$76.3M

Previous: $63.7M+19.8%
Net Income

$79.2M

Previous: $69.3M+14.3%
Operating Income

$119M

Previous: $95.3M+25.3%
Gross Profit

$205M

Previous: $215M-4.6%
Cash & Equivalents

$42.7M

Previous: $31.6M+35.1%
Total Assets

$2.57B

Previous: $1.76B+46.2%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$215M

Q2 2022-2.8%vs Q2 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Victory Capital did not provide specific forward guidance in the earnings report. However, they mentioned that they are in various stages of diligence with multiple acquisition prospects.

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 Q2 2022

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro