VCTR
Victory Capital Holdings, Inc.
Next earnings Aug 5, 2026 (after close) · consensus $1.72 EPS, $383M rev
Last earnings +1.3% on 2026-05-06
$83.43
▲ +1.58%$83.43▲ +38.90%
over 1Y
L $59.52EODHDH $88.62
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.6%
1W-4.3%
1M-3.9%
3M+28.8%
YTD+31.8%
1Y+38.9%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 13 analysts
Buy
Scaled, high-margin asset manager post-Pioneer deal (AUM ~$314B), rising payouts at 21x — net outflows the main watch-item.
Revenue (FY2025) $1.31B · FY2025
The read
Quality fundamentals and an attractive price line up (~86% below fair value) — the rarer case where both the business and the entry look good.
Victory Capital transformed itself in 2025 by completing the combination of Amundi's US business (rebranded Pioneer Investments) on April 1, 2025 — its largest-ever Investment Franchise. The deal nearly doubled assets under management to $313.8B (from $171.9B) and drove revenue up 46.2% to $1.31B. Net income rose 14.3% to $330M, though diluted EPS slipped 6.8% to $4.08 because shares were issued for the acquisition (stockholders' equity jumped 116.2% to $2.42B). The business retains the high-margin economics of asset management: a 36.6% operating margin and 25.3% net margin.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $890M | $855M | $821M | $893M | $1.31B |
| Gross profit | — | — | — | — | — |
| Operating income | $374M | $399M | $328M | $428M | $478M |
| Net income | $278M | $276M | $213M | $289M | $330M |
| Diluted EPS | $3.75 | $3.81 | $3.12 | $4.38 | $4.08 |
| Net margin | 31.3% | 32.2% | 26.0% | 32.3% | 25.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF14.0
PEG (trailing)1.43
Earnings yield6.2%
FCF yield7.1%
Quality & risk
ROIC (est.)11.1%
Free cash flow$381M
Total debt$970M
Net cash-$806M
Piotroski F-Score4/7
Capital returns
Buyback yield3.7%
Dividend yield (est.)2.9%
Shareholder yield6.6%
Shares Δ YoY+0.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-092026-06-09open ↗4Period ending 2026-05-292026-05-29open ↗8-KPeriod ending 2026-05-182026-05-21open ↗SCHEDULE 13G/AFiling2026-05-14open ↗8-KPeriod ending 2026-05-122026-05-12open ↗8-KPeriod ending 2026-05-062026-05-12open ↗10-QPeriod ending 2026-03-312026-05-07open ↗8-KPeriod ending 2026-05-062026-05-06open ↗4Period ending 2026-04-102026-04-14open ↗4Period ending 2026-04-102026-04-14open ↗4Period ending 2026-04-102026-04-14open ↗4Period ending 2026-04-102026-04-14open ↗
Frequently asked
- Is Victory Capital Holdings, Inc. (VCTR) a buy?
- VCTR currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Scaled, high-margin asset manager post-Pioneer deal (AUM ~$314B), rising payouts at 21x — net outflows the main watch-item.
- What is VCTR's fair value?
- A Modified-Graham model based on VCTR's SEC fundamentals estimates a fair value of about $155.04. It is an estimate from reported earnings, not a price target.
- Is VCTR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, VCTR currently appears undervalued relative to its SEC-grounded earnings power.
- What is Victory Capital Holdings, Inc.'s quality score?
- VCTR scores 79.96078431372548/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001570827, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:59:16 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.