Brief: Victory Capital Q2 EPS USD 0.68

Victory Capital Holdings

07/08/2025 21:29

Overview

Victory Capital Q2 revenue rises 59.9% yr/yr, beating analyst expectations

Adjusted net income with tax benefit per share rises, beating estimates

Co increases share repurchase authorization to $500 mln

Outlook

Company investing in non-US sales efforts and intermediary sales expansion

Victory Capital anticipates continued strong investment performance

Result Drivers

ACQUISITION IMPACT - Acquisition of Amundi US and Pioneer Investments increased AUM, boosting revenue

EXPENSE SYNERGIES - Achieved $70 mln of expected $110 mln in net expense synergies from acquisition

NET OUTFLOWS - Despite net outflows, market appreciation and acquired assets increased AUM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$351.20 mln
$336.80 mln (6 Analysts)
Q2 EPS
$0.68
Q2 Adjusted Net Income
Beat
$122.50 mln
$119.50 mln (5 Analysts)
Q2 Net Income
$58.70 mln
Q2 Adjusted EBITDA
Beat
$178.50 mln
$163 mln (5 Analysts)
Q2 Adjusted EBITDA Margin
50.8%
Q2 Operating Margin
26.8%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Victory Capital Holdings Inc is $68.00, about 1.7% below its August 6 closing price of $69.19

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw8m7RdBa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)