NASDAQ$VCTR

Victory Capital Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong earnings and positive net long-term flows for the year-to-date period.

Victory Capital reported a decrease in AUM to $147.3 billion due to negative market action, but adjusted EBITDA margin expanded to 50.0%. The company also reduced debt by $30 million and repurchased 1.8 million shares during the quarter.

  • Total Assets Under Management (AUM) reached $147.3 billion.
  • Long-term gross flows were $6.6 billion.
  • Long-term net flows amounted to -$553 million.
  • GAAP operating margin was 47.6%.

Headline financials

Total Revenue

$206M

Previous: $226M-8.5%
EPS (adj)

$1.19

Previous: $1.25-4.8%
Ending AUM

$147B

Previous: $160B-7.9%
Adjusted EBITDA Margin

50.0%

Previous: 50.8%-1.6%
Capital Expenditures

-$4.29M

Previous: -$8.3M+48.3%
Free Cash Flow

$68.5M

Previous: $65.9M+3.9%
Net Income

$72.8M

Previous: $74.2M-1.9%
Operating Income

$98.6M

Previous: $99M-0.4%
Gross Profit

$195M

Previous: $220M-11.3%
Cash & Equivalents

$66.7M

Previous: $64.7M+3.0%
Total Assets

$2.59B

Previous: $1.79B+44.6%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$206M

Q3 2022-8.5%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Victory Capital remains optimistic about its future growth opportunities, despite the difficult market environment and continues to search for strategic acquisitions.

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 2022

Historical avgQ3 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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