Victory Capital Holdings ( (VCTR) ) has released its Q2 earnings. Here is a breakdown of the information Victory Capital Holdings presented to its investors.
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Victory Capital Holdings, Inc. is a diversified global asset management firm based in San Antonio, Texas, managing specialized investment strategies across traditional and alternative asset classes for institutional, intermediary, and individual clients.
Victory Capital reported strong second-quarter results for 2025, highlighted by record financial performance and the successful acquisition of Amundi US, which significantly increased their assets under management (AUM). The company closed the quarter with total client assets of $301.6 billion and achieved a GAAP net income per diluted share of $0.68.
Key financial metrics for the quarter included a GAAP operating margin of 26.8% and an adjusted EBITDA margin of 50.8%. The acquisition of Amundi US contributed to a substantial increase in revenue, which rose by 59.9% compared to the previous quarter. Despite a decrease in GAAP net income, adjusted net income with tax benefits showed significant growth, increasing by 50.7% from the prior quarter.
The company’s strategic initiatives, including the integration of Pioneer Investments and expansion of their intermediary sales team, are progressing well. Victory Capital’s investment performance remains robust, with a high percentage of assets under management outperforming benchmarks over various periods.
Looking ahead, Victory Capital remains focused on serving its clients and enhancing its financial strength. The board has authorized an increase in the share repurchase program and continues to support shareholder returns through regular dividends.