NASDAQ$VCTR

Victory Capital Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Victory Capital reported a decrease in revenue and net income, but maintained a strong adjusted EBITDA margin in Q4 2022.

Victory Capital reported a decrease in revenue and net income for the fourth quarter of 2022, compared to both the previous quarter and the same quarter of the prior year. However, the company's adjusted EBITDA margin remained strong at 49.7%. Total assets under management (AUM) ended the year at $153.0 billion.

  • Total AUM of $153.0 billion.
  • Long-term gross flows of $6.5 billion.
  • GAAP operating margin of 39.5%.
  • Adjusted EBITDA margin of 49.7%.

Headline financials

Total Revenue

$202M

Previous: $229M-12.0%
EPS (adj)

$1.05

Previous: $1.27-17.3%
Ending AUM

$153B

Previous: $184B-16.7%
GAAP Operating Margin

39.5%

Previous: 39.2%+0.8%
Adjusted EBITDA Margin

49.7%

Previous: 50.2%-1.0%
Capital Expenditures

$959K

Previous: $4.38M-78.1%
Free Cash Flow

$66.1M

Previous: $108M-38.6%
Net Income

$52.3M

Previous: $69.7M-25.0%
Operating Income

$79.6M

Previous: $89.8M-11.4%
Gross Profit

$105M

Previous: $121M-13.5%
Cash & Equivalents

$38.2M

Previous: $69.5M-45.1%
Total Assets

$2.54B

Previous: $2.58B-1.5%

Revenue & EPS history

Victory Capital · Revenue · Quarterly

$202M

Q4 2022-12%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
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 2022

Historical avgQ4 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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