Victory Capital's third-quarter earnings call highlighted strong financial performance, successful integration of acquisitions, and significant growth in the ETF platform and non-U.S. markets. Although there were net long-term outflows, the company's financial metrics and strategic initiatives indicate continued positive momentum.

Company Guidance

During the Victory Capital Third Quarter 2025 Earnings Conference Call, the company reported record performance metrics, including a total asset under management (AUM) of $313 billion and record high gross flows. Long-term gross flows increased by 10% quarter-over-quarter to $17 billion, aided by the expansion of the U.S. distribution team. The company achieved an adjusted EBITDA of $191 million, representing a margin of 52.7%, while adjusted earnings per diluted share reached a new high of $1.63, up 4% from the previous quarter. Victory Capital also reported net expense synergies of approximately $86 million on a run rate basis from the integration of Pioneer Investments, with a clear path to achieving the remaining $24 million to meet their $110 million target. Additionally, they repurchased 1.8 million shares during the quarter, maintaining $355 million of capacity on their existing repurchase authorization. The company is optimistic about future growth, particularly in non-U.S. markets, and aims to further capitalize on the integration with Amundi.

Record High Gross Flows

Victory Capital achieved record high gross flows for Q3 2025, with total assets reaching $313 billion.

Strong Performance in Non-U.S. Markets

Long-term gross flows outside of the U.S. were strong at an annualized rate of $68 billion, or 23% of long-term AUM.

New All-Time High Adjusted EBITDA

Adjusted EBITDA hit a new all-time quarterly high at $191 million, resulting in an adjusted EBITDA margin of 52.7%.

Successful Integration and Synergies

The integration of Pioneer Investments is slightly ahead of plan, achieving $86 million of net expense synergies on a run rate basis.

Rapid Growth in ETF Platform

VictoryShares ETF platform achieved year-to-date positive net flows of $5.4 billion, representing a 53% organic growth rate through the first 9 months of 2025.

Capital Returns to Shareholders

Victory Capital returned a total of $163 million to shareholders in Q3 2025, marking an all-time high.

Strong Balance Sheet and Financial Flexibility

The company maintains a strong balance sheet with $116 million of cash and a net leverage ratio of 1.1x.

Victory Capital Holdings (VCTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VCTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 05, 2026	2025 (Q4)	1.66 / -	1.45	―	―	―
Sep 30, 2025	2025 (Q3)	1.59 / 1.63	1.35	20.74% (+0.28)	―	―
Aug 07, 2025	2025 (Q2)	1.48 / 1.57	1.31	19.85% (+0.26)
May 08, 2025	2025 (Q1)	1.35 / 1.36	1.25	8.80% (+0.11)
Feb 06, 2025	2024 (Q4)	1.37 / 1.45	1.15	26.09% (+0.30)
Nov 07, 2024	2024 (Q3)	1.34 / 1.35	1.18	14.41% (+0.17)
Aug 08, 2024	2024 (Q2)	1.29 / 1.31	1.11	18.02% (+0.20)
May 09, 2024	2024 (Q1)	1.22 / 1.25	1.08	15.74% (+0.17)
Feb 08, 2024	2023 (Q4)	1.13 / 1.15	1.05	9.52% (+0.10)
Nov 02, 2023	2023 (Q3)	1.14 / 1.18	1.19	-0.84% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VCTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 30, 2025	$64.76	$62.57	-3.38%
Aug 07, 2025	$66.66	$69.99	+5.00%
May 08, 2025	$59.20	$58.28	-1.55%
Feb 06, 2025	$64.25	$69.08	+7.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Victory Capital Holdings Inc (VCTR) report earnings?

Victory Capital Holdings Inc (VCTR) is schdueled to report earning on Feb 05, 2026, Before Open (Confirmed).

What is Victory Capital Holdings Inc (VCTR) earnings time?

Victory Capital Holdings Inc (VCTR) earnings time is at Feb 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VCTR EPS forecast?

VCTR EPS forecast for the fiscal quarter 2025 (Q4) is 1.66.

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