NASDAQ$VCTR

Victory Capital Holdings Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Victory Capital reported Q3 2025 total revenue of $361.2M with net income to common of $74.3M.

Total revenue was $361.2 million on investment management fees of $288.5 million. Net income attributable to common shareholders was $74.3 million; AUM reached $310.6 billion.

  • Q3 total revenue $361.2M.
  • AUM $310.6B.
  • Net income to common $74.3M.
  • Flows and market appreciation.

Headline financials

Total Revenue

$360M

Previous: $225M+60.4%
EPS (adj)

$30.00

Previous: $1.24+2319.4%
Capital Expenditures

-$3.56M

Previous: -$1.12M-216.8%
Free Cash Flow

$93M

Previous: $80.9M+15.0%
Net Income

$96.5M

Previous: $82M+17.8%
Operating Income

$138M

Previous: $120M+14.8%
Gross Profit

$347M

Previous: $208M+66.7%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$360M

Q3 2025+60.4%vs Q3 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Victory Capital discusses outlook and risks in the quarterly filing.

Tailwinds

  • Victory Capital cites execution on growth and balance-sheet priorities.
  • MD&A outlines segment trends and capital allocation.

Headwinds

  • Macro, pricing, and competition may pressure margins.
  • One-time items affect quarter comparisons.

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 2025

Historical avgQ3 2025

+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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