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Victory Capital Holdings, Inc. VCTR Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$361.2MMiss by $12.6M
EPS$1.63Beat by $0.03
Revenue estimate$373.8M
EPS estimate$1.60

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$386.1M
EPS estimate$1.81

Financials

Q3 2025

Income statement

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Revenue$361.2M+60.1%
Operating income$138.1M+14.8%
Net income$96.5M+17.8%
EPS (diluted)$1.11-10.5%

Balance sheet

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Cash & equivalents$115.7M-38.5%
Total debt$1.0B+1.5%
Total equity$2.4B+104%
Total assets$4.2B+61.3%

Cash flow

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Operating cash flow$165.9M+66.3%
CapEx$1.1M+171%
Free cash flow$164.8M+65.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.32B+20.6%
Enterprise value$5.23B+18.8%
P/E14.7×+1.3×
P/S3.7×-0.4×

Profitability

See full
Operating margin37.5%-8.9pp
Net margin25.3%-5.5pp
FCF margin28.9%-10.8pp

Returns & leverage

See full
Return on equity16.5%-7.3pp
Debt / equity0.4×-0.4×

Segments

By product

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Investment Management Fees$288.5M+62.3%
Fund Administration And Distribution Fees$72.7M+52.0%
Fund Administration Fee$33.7M+22.0%
Fund Distribution Fee$23.5M+316%
Transfer Agent Fee$13.0M-4.6%

Versus estimates

Revenue

Q1 2026$388.0MBeat by $23.0MQ4 2025$374.1MBeat by $891.2K
Q3 2025$361.2MMiss by $12.6M
Q2 2025$355.8MBeat by $19.0MQ1 2025$219.6MMiss by $4.6MQ4 2024$232.4MMiss by $59.9M

Diluted EPS

Q1 2026$1.82Beat by $0.17Q4 2025$1.78Beat by $0.12
Q3 2025$1.63Beat by $0.03
Q2 2025$1.57Beat by $0.12Q1 2025$1.36Miss by $0.02Q4 2024$1.45Beat by $0.08

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Questions, answered.

When did Victory Capital Holdings, Inc. report Q3 2025 earnings?
Victory Capital Holdings, Inc. (VCTR) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Victory Capital Holdings, Inc.'s Q3 2025 revenue and EPS?
Victory Capital Holdings, Inc. reported revenue of $361.2M and eps of $1.63 for Q3 2025.
Did Victory Capital Holdings, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $373.8M by $12.6M. EPS beat the consensus estimate of $1.60 by $0.03.
How did Victory Capital Holdings, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 60.1% from $225.6M a year earlier and eps grew 20.7% from $1.35.
Where can I find Victory Capital Holdings, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-269768) and the 10-Q periodic report (0001193125-25-271198) directly on SEC EDGAR. The filing index links above go to sec.gov.