NASDAQ$VCTR

Victory Capital Holdings Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported strong earnings in the second quarter of 2023.

Victory Capital reported a strong second quarter with total AUM of $161.6 billion. Investment performance remained strong, with a high percentage of AUM outperforming benchmarks. Adjusted EBITDA margin expanded to 50.9%.

  • Total Assets Under Management (AUM) reached $161.6 billion.
  • Long-term gross flows amounted to $5.6 billion.
  • GAAP operating margin was 42.9%.
  • Adjusted EBITDA margin was 50.9%.

Headline financials

Total Revenue

$203M

Previous: $215M-5.5%
EPS (adj)

$1.11

Previous: $1.11+0.0%
Ending AUM

$162B

Previous: $155B+4.3%
GAAP Operating Margin

42.9%

Previous: 55.2%-22.3%
Adjusted EBITDA Margin

50.9%

Previous: 49.2%+3.5%
Capital Expenditures

-$2.57M

Previous: -$2.91M+11.6%
Free Cash Flow

$54.1M

Previous: $76.3M-29.1%
Net Income

$56.7M

Previous: $79.2M-28.5%
Operating Income

$87.5M

Previous: $119M-26.6%
Gross Profit

$188M

Previous: $205M-8.1%
Cash & Equivalents

$43.8M

Previous: $42.7M+2.5%
Total Assets

$2.54B

Previous: $2.57B-1.1%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$203M

Q2 2023-5.5%vs Q2 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Victory Capital is encouraged about net flow outlook through the end of this year and into next.

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 2023

Historical avgQ2 2023

+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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