NASDAQ$VCTR

Victory Capital Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Victory Capital reported record financial results, increased AUM, and announced the acquisition of THB Asset Management

Victory Capital reported record financial results for the quarter ended September 30, 2020. Total AUM increased to $132.7 billion. The company announced the acquisition of THB Asset Management and increased the regular quarterly cash dividend by 17%.

  • Total Assets Under Management (AUM) of $132.7 billion
  • GAAP operating margin of 43%
  • GAAP net income of $0.76 per diluted share
  • Board authorizes 17% increase in regular quarterly cash dividend

Headline financials

Total Revenue

$188M

Previous: $214M-12.2%
EPS (adj)

$1.00

Previous: $0.91+9.9%
Ending AUM

$133B

No prior period
GAAP Operating Margin

42.7%

No prior period
Adjusted EBITDA Margin

50.7%

No prior period
Capital Expenditures

-$7.05M

Previous: -$2.92M-141.3%
Free Cash Flow

$48.7M

Previous: $23.1M+111.1%
Net Income

$55.7M

Previous: $26M+114.5%
Operating Income

$80.6M

Previous: $55.6M+45.0%
Gross Profit

$180M

Previous: $197M-8.8%
Cash & Equivalents

$56.3M

Previous: $79M-28.7%
Total Assets

$1.75B

Previous: $1.79B-2.1%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$188M

Q3 2020-12.2%vs Q3 2019
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Victory Capital announced the planned acquisition of THB Asset Management, which will be their 10th Investment Franchise.

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 Q3 2020

Historical avgQ3 2020

+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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