Victory Capital Holdings, Inc. income statement
In fiscal 2025, Victory Capital Holdings, Inc. reported revenue of $1.31bn, up 46.2% on the year before, operating income of $478m (a 36.6% margin) and net income of $330m, or $4.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 241 | 298 | 410 | 413 | 612 | 775 | 890 | 855 | 821 | 893 | 1,306 | 1,559 |
| General and administrative | 23 | 27 | 34 | 30 | 47 | 51 | 54 | 52 | 56 | 57 | 83 | 89 |
| Operating income | 33 | 24 | 90 | 115 | 165 | 315 | 374 | 399 | 328 | 428 | 478 | 644 |
| Interest expense | 23 | 30 | 42 | 17 | 36 | 31 | 17 | 43 | 75 | 76 | 64 | 59 |
| Income before tax | 7 | −9 | 38 | 85 | 121 | 279 | 351 | 350 | 276 | 374 | 438 | 606 |
| Income tax | 3 | −3 | 13 | 21 | 28 | 66 | 72 | 75 | 63 | 85 | 108 | 145 |
| Net income | 4 | −6 | 26 | 64 | 92 | 213 | 278 | 276 | 213 | 289 | 330 | 461 |
| Diluted EPS | $0.08 | −$0.12 | $0.43 | $0.90 | $1.26 | $2.88 | $3.75 | $3.81 | $3.12 | $4.38 | $4.08 | $7.09 |
| Diluted shares (average) | 48m | 50m | 60m | 71m | 73m | 74m | 74m | 72m | 68m | 66m | 66m | 65m |
| EBITDA | 61 | 55 | 120 | 138 | 188 | 331 | 393 | 442 | 370 | 458 | 551 | 729 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 226 | 232 | 220 | 351 | 361 | 374 | 388 | 435 |
| General and administrative | 14 | 14 | 14 | 23 | 23 | 22 | 21 | 23 |
| Operating income | 120 | 112 | 93 | 94 | 138 | 153 | 159 | 194 |
| Interest expense | 19 | 18 | 16 | 16 | 16 | 15 | 14 | 14 |
| Income before tax | 108 | 99 | 80 | 87 | 129 | 142 | 148 | 187 |
| Income tax | 26 | 22 | 18 | 28 | 33 | 29 | 36 | 48 |
| Net income | 82 | 77 | 62 | 59 | 97 | 113 | 112 | 139 |
| Diluted EPS | $1.24 | $1.17 | $0.96 | $0.68 | $1.11 | $1.35 | $1.33 | $1.68 |
| EBITDA | 128 | 119 | 100 | 116 | 160 | 175 | 180 | 214 |
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