undamentalytics Newsletter

Victory Capital Holdings, Inc. revenue

Victory Capital Holdings, Inc.'s revenue was $1.31bn in fiscal 2025, up 46.2% on the year before. Since fiscal 2015 ($241m) it has grown at a compound 18.4% a year. Over the last twelve months it was $1.56bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Victory Capital Holdings, Inc.: revenue history, annual
Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue2412984104136127758908558218931,3061,559
Growth on the year before—+23.7%+37.5%+0.9%+48.1%+26.6%+14.8%−4.0%−4.0%+8.8%+46.2%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Investment Management Fees $1B 80.0% ▲ 48.4%
Fund Administration and Distribution Fees $261M 20.0% ▲ 38.0%

From Victory Capital Holdings, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Victory Capital Holdings, Inc. $1.56bn 51.5% 24.2%
Artisan Partners Asset Management Inc. $1.26bn 8.7% 9.8%
Federated Hermes, Inc. $1.97bn 13.2% 7.4%
Stepstone Group Inc. $2.01bn 48.5% 120.4%
Affiliated Managers Group, Inc. $2.27bn 11.8% 1.9%
SEI Investments Co $2.53bn 12.8% 10.2%

Compare with peers

Head to head: APAM vs VCTRFHI vs VCTRSTEP vs VCTR

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Victory Capital Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Victory Capital Holdings, Inc.