The financials
Victory Capital Holdings, Inc. by the numbers
Victory Capital Holdings, Inc. (VCTR) reported revenue of $388M in Q1 2026 (quarter ended March 31, 2026), up 77% from the same quarter a year earlier. That came with net income of $112M (29% of revenue). For the full year FY2025, revenue was $1.31B (+46% year on year) and net income $330M. Its largest product in 2026-Q2 was Investment Management Fees at $362M, 74% of the disclosed total, just ahead of Fund Administration And Distribution Fees at 15%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $388M | $220M | +77% |
| Operating income | $159M | $93M | +71% |
| Net income | $112M | $62M | +81% |
| Diluted EPS | $1.33 | $0.96 | +39% |
| Product | Revenue | Share |
|---|---|---|
| Investment Management Fees | $362M | 74% |
| Fund Administration And Distribution Fees | $73M | 15% |
| Fund Administration Fee | $34M | 7.0% |
| Transfer Agent Fee | $12M | 2.5% |
| Performance Based Investment Fee | $4.1M | 0.8% |
| Fund Distribution Fee | $1.1M | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $486.7M (+11%)
Performance Based Investment Fee grew +157% year on yearTransfer Agent Fee -4.4% year on year
Segment Latestquarter on quarteryear on year
- Investment Management Fees$362.2M$362.2MQoQ +15%year on year +28%+15%+28%
- Fund Administration And Distribution Fees$73.1M$73.1MQoQ +2.1%year on year +6.1%+2.1%+6.1%
- Fund Administration Fee$33.9M$33.9MQoQ +3.0%year on year +4.9%+3.0%+4.9%
- Transfer Agent Fee$12.2M$12.2MQoQ -1.7%year on year -4.4%-1.7%-4.4%
- Performance Based Investment Fee$4.1M$4.1MQoQ -5.1%year on year +157%-5.1%+157%
- Fund Distribution Fee$1.1M$1.1MQoQ -10%year on year +9.3%-10%+9.3%