NASDAQ$VCTR

Victory Capital Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record financial results for Q4 2021, driven by strategic acquisitions and strong investment performance.

Victory Capital reported record financial results for the fourth quarter and full year ended December 31, 2021. The company's AUM increased by 14.9% to $183.7 billion, and revenue rose by 14.3% to $229.1 million compared to the same quarter of 2020. GAAP net income increased by 27.0% to $69.7 million, or $0.94 per diluted share.

  • Total Assets Under Management (AUM) reached $183.7 billion.
  • Long-term gross flows were $5.5 billion.
  • GAAP operating margin was 39.2%.
  • Adjusted net income with tax benefit was $1.27 per diluted share.

Headline financials

Total Revenue

$229M

Previous: $200M+14.3%
EPS (adj)

$1.27

Previous: $1.07+18.7%
Ending AUM

$184B

Previous: $147B+24.7%
GAAP Operating Margin

39.2%

Previous: 38.8%+1.0%
Adjusted EBITDA Margin

50.2%

Previous: 51.8%-3.1%
Capital Expenditures

$4.38M

Previous: $1.01M+332.0%
Free Cash Flow

$108M

Previous: $66.9M+61.1%
Net Income

$69.7M

Previous: $54.9M+27.0%
Operating Income

$89.8M

Previous: $77.7M+15.6%
Gross Profit

$121M

Previous: $107M+13.2%
Cash & Equivalents

$69.5M

Previous: $22.7M+205.7%
Total Assets

$2.58B

Previous: $1.73B+49.1%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$229M

Q4 2021+14.3%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

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 Q4 2021

Historical avgQ4 2021

+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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