NASDAQ$VCTR

Victory Capital Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong third quarter results and record earnings per share.

Victory Capital reported strong third quarter results, achieving the highest quarterly adjusted earnings per diluted share with tax benefit, adjusted EBITDA, and adjusted EBITDA margin in the firm's history. Total client assets reached $181.1 billion.

  • Total Client Assets of $181.1 billion
  • Long-term gross flows of $5.9 billion
  • GAAP operating margin of 53.3%
  • Adjusted net income with tax benefit per diluted share of $1.35

Headline financials

Total Revenue

$225M

Previous: $209M+7.7%
EPS

$1.24

Previous: $1.18+5.1%
Ending AUM

$176B

Previous: $154B+14.7%
GAAP Operating Margin

53.3%

Previous: 38.2%+39.5%
Adjusted EBITDA Margin

53.7%

Previous: 51.1%+5.1%
Long-term Gross Flows

$5.9B

Previous: $5.26B+12.3%
Long-term Net Flows

-$2.6B

Previous: -$1.7B-52.9%
Capital Expenditures

-$1.12M

Previous: -$4.37M+74.3%
Free Cash Flow

$80.9M

Previous: $47.6M+69.8%
Net Income

$82M

Previous: $52M+57.6%
Operating Income

$120M

Previous: $80M+50.4%
Gross Profit

$208M

Previous: $193M+7.8%
Cash & Equivalents

$188M

Previous: $108M+74.3%
Total Assets

$2.61B

Previous: $2.59B+0.8%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$225M

Q3 2024+7.7%vs Q3 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Maintaining guidance of $100 million in annualized expense synergies from the Amundi transaction, expected to be fully realized within two years of closing, with the majority achieved within the first year.

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 2024

Historical avgQ3 2024

+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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