AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Victory Capital's Q2 revenue surged 24% to $435.4M, driven by 28% growth in investment management fees from $79.9M increase, as AUM reached $342.5B.
Biggest Revenue Drivers
Investment management fees$362.2M+28% YoY
Increase in average AUM year over year to $331.3B from $285.0B
Fund administration and distribution fees$73.1M+6% YoY
Higher mutual fund average net assets
Biggest Revenue Drivers
Total revenue: $435.4M+24% YoY
Investment management fees$362.2M+28% YoY
Increase in average AUM year over year to $331.3B from $285.0B
Fund administration and distribution fees$73.1M+6% YoY
Higher mutual fund average net assets
Largest Expense Items
Personnel compensation and benefits$125.5M+15% YoY
Increase in incentive compensation and equity awards from higher operating results
Distribution and other asset-based expenses$68.6M+11% YoY
Higher broker-dealer and platform distribution fees from higher average AUM
Depreciation and amortization$20.6M-6% YoY
Decrease in depreciation related to information technology equipment
Margins: Net income surged 137% to $139.4M as operating income increased 106%. Adjusted EBITDA margin improved to 55.8% from 50.8% YoY, reflecting operating leverage from Pioneer Investments acquisition and lower acquisition-related costs.
Watch Items from the Filing
WestEnd contingent consideration reduced to $53.2M at June 30, 2026 from $87.6M at year-end; up to $80M more potentially payable annually for next 1.3 years.
AUM composition: U.S. assets represent 82% ($279.9B) of total, concentrated in retail channel at 37% of AUM and concentrated in large-cap equity.
Debt refinanced May 18, 2026: $977.6M term loan repriced to SOFR+175bps; $2.0M loss on debt extinguishment recorded; leverage ratio remains compliant.
Share buyback activity accelerated: $92.3M repurchased in Q2 ($218.7M YTD) under $500M program through Dec 2027; shares outstanding declined to 61.5M from 64.2M.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Gupta NinaChief Legal OfficerShares withheld for tax or exercise price · Aug 13, 2026
Policarpo Michael DennisPresident, CFO & CAOShares withheld for tax or exercise price · Aug 13, 2026
Sipp Thomas MichaelExecutive Vice PresidentShares withheld for tax or exercise price · Aug 13, 2026
Brown David CraigChairman and CEOShares withheld for tax or exercise price · Aug 13, 2026
Congress trading in VCTR
2 transactions in VCTR reported by 1 member of Congress under the STOCK Act, most recent trade Apr 3, 2023. Reported transactions, not recommendations.
About Victory Capital Holdings, Inc. (VCTR): stock profile, AI score and financials
Victory Capital Holdings, Inc. (VCTR) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores VCTR at 77.7/100 on a composite quality score built from its SEC filings, placing it at rank #62 of 2,925 stocks — the top 5% of the AI-ranked universe. VCTR scores in the top quartile across revenue growth (90.2), profitability (89.9), free cash flow (89.3). Shareholder dilution risk is elevated at 44.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Victory Capital Holdings, Inc. reports quarterly revenue of $435.4M, net income of $139.4M, an operating margin of 44.5%. Top institutional holders of VCTR by reported 13-F value include BlackRock, BAHL & GAYNOR, Amundi, based on the most recent SEC filings. VCTR trades on the Nasdaq exchange and files with the SEC under CIK 1570827. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VCTR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Victory Capital Holdings, Inc. directly from SEC EDGAR.