Victory Capital Holdings (VCTR)
NASDAQ:VCTR
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.73Last Year’s EPS
1.57Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple record results — revenue, gross sales, adjusted EBITDA, and EPS — strong ETF and international momentum, substantial capital returns, and near-complete Pioneer integration with most synergies realized. Key challenges were that firm-wide long-term net flows remained negative in the quarter (-$457M), total client assets were slightly below the record, and Q1 operating expenses rose on seasonal and integration-related items. On balance the positive operational and strategic progress (record metrics, distribution expansion, strong investment performance, and capital returns) outweigh the remaining flow and seasonal expense headwinds.Company Guidance
Record Financial Results
Total revenue of $388M (up 4% QoQ, up 77% YoY), record adjusted EBITDA of $204M with a 52.6% adjusted EBITDA margin, and adjusted net income with tax benefit of $153.2M or $1.82 per diluted share (up 2% QoQ, up 34% YoY).
Record Long-Term Gross Flows
Long-term gross flows reached a record $18.9B (up 11% QoQ and 104% YoY). Management cites an annualized run-rate of ~$76B (roughly 24% of long-term AUM) supporting positive organic growth.
Strong ETF Growth
ETF AUM topped $20B (up 7% QoQ and 53% YoY) with net ETF flows of $1.3B in the quarter. ETF AUM CAGR since 2017 is 28%. Average ETF fee ~35 bps and ETF margins meet firm-wide requirements.
International Distribution Momentum
International AUM of $55B across 60 countries, with 29 countries > $100M AUM. International channel was net flow positive in Q1 and since the Pioneer acquisition; 15-year strategic Amundi distribution agreement underway and U.S.-listed ETFs now sold across Asia (early positive reception).
Capital Return and Share Repurchase
Returned $185M to shareholders in Q1 (dividend + repurchase of 2M shares). Trailing 12-month capital returned = $512M (> $6 per share). Board increased quarterly dividend to $0.50 per share.
Acquisition Integration and Synergies
Pioneer acquisition integration substantially complete; achieved ~$104M of expected $110M net expense synergies to date, with remaining synergies expected to be captured in 2026.
Investment Performance
Strong investment results: 58 mutual funds/ETFs earned 4- or 5-star Morningstar ratings representing 68% of rated AUM. AUM outperformance: 71% (1yr), 67% (3yr), 68% (5yr), 81% (10yr).
Healthy Balance Sheet and Lower Interest Cost
Net leverage ratio 1.1x, cash $76M, debt $980M, $100M credit facility undrawn. Cash interest expense declined to $14M after prior refinancing (35 bps reduction).
VCTR Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $82.29 | $83.69 | +1.70% |
Feb 04, 2026 | $70.47 | $68.94 | -2.17% |
Sep 30, 2025 | $63.80 | $61.64 | -3.38% |
Aug 07, 2025 | $65.67 | $68.95 | +5.01% |
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 (VCTR) report earnings?
Victory Capital Holdings (VCTR) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Victory Capital Holdings (VCTR) earnings time?
Victory Capital Holdings (VCTR) earnings time is at Jul 30, 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 2026 (Q2) is 1.73.