Victory Capital Q1 revenue jumps 77%

Victory Capital Holdings

06/05/2026 22:15

Overview

US asset manager's Q1 revenue rose 77% yr/yr, beating analyst expectations

Adjusted net income for Q1 beat analyst expectations

Company repurchased 2 mln shares and raised quarterly dividend to $0.50 per share

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

HIGHER AVERAGE AUM - Co said revenue growth was primarily driven by higher average assets under management and crystallization of certain annual fees

DISTRIBUTION CHANNELS - Improved net flows attributed to investments in distribution channels and strong performance from VictoryShares ETF platform and international distribution

ACQUISITION INTEGRATION - Substantial completion of Pioneer Investments integration contributed to recognized expense synergies

Company press release: ID:nBw5V4jlFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$388 mln
$365.81 mln (5 Analysts)
Q1 EPS
$1.33
Q1 Adjusted Net Income
Beat
$142.70 mln
$130.90 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "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 $75.00, about 7.7% below its May 5 closing price of $81.26

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)