Victory Capital Holdings, Inc. (VCTR) Stock Price & Analysis
Victory Capital Holdings, Inc. (VCTR) closed at USD 107.6 on Friday, October 23, 2026, up 0.20% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 107.39; the Oct 23, 2026 session ranged USD 106.14–107.79 on volume of 379,475 shares. Market capitalization is $6.62B, with a 52-week range of USD 57.03–123.55 (NMS). Source: Nexqual, retrieved October 23, 2026 at 20:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VCTR.md
Key facts (VCTR)
- Last four reported quarters (through Jun 30, 2026): revenue $1.56B, net income $461M (29.6% margin), free cash flow $564M (SEC filings).
- Valuation: P/E 14.4x (avg 12.9x at the last 3 fiscal year-ends), EV/EBITDA 10.3x, net debt $898M.
- 1 of 80 tracked superinvestors hold VCTR (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.57 on a 1–5 scale) (7 analysts), mean target USD 123 (range 115–146).
- Total return with dividends: 1Y +73.6% vs S&P 500 +13.4%; 5Y +232.1% vs S&P 500 +76.9%.
- Next earnings: 2026-11-04, EPS estimate USD 1.97, revenue estimate $409M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VCTR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $890M | $855M | $821M | $893M | $1.31B | $1.56B |
| Operating income | $374M | $399M | $328M | $428M | $478M | $644M |
| Net income | $278M | $276M | $213M | $289M | $330M | $461M |
| EPS (diluted) | $3.75 | $3.81 | $3.12 | $4.38 | $4.08 | — |
| Free cash flow | $364M | $330M | $325M | $339M | $381M | $564M |
| Operating margin | 42.0% | 46.7% | 40.0% | 47.8% | 36.6% | 41.3% |
| Net margin | 31.3% | 32.2% | 26.0% | 32.3% | 25.3% | 29.6% |
| Revenue growth | +14.8% | -4.0% | -4.0% | +8.8% | +46.2% | — |
| Cash + short-term investments | $69.5M | $38.2M | $124M | $127M | $164M | — |
| Total debt | $1.13B | $986M | $989M | $964M | $970M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VCTR)
P/E 14.4x · P/S 4.3x · EV/EBITDA 10.3x · EV/Sales 4.8x · P/FCF 11.7x · P/B 2.8x · FCF yield 8.52% · Earnings yield 6.96% · Dividend yield (paid, TTM) 2.51% · Buyback yield (TTM) 5.86% · Net debt $898M · EV $7.52B
P/E at fiscal year-ends: Dec 2025 12.7x, Dec 2024 14.9x, Dec 2023 11.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (VCTR)
1 of 80 tracked investors hold VCTR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.02% | $2.4M | Reduced -29.2% |
Analysts (VCTR)
Consensus Hold (mean 2.57 on a 1–5 scale), 7 analysts; mean target USD 123 (low 115, high 146).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | JP Morgan | Target raised | Neutral | $101 → $120 |
| 2026-10-14 | Barclays | Target raised | Equal-Weight | $112 → $121 |
| 2026-09-25 | Morgan Stanley | Target raised | Equal-Weight | $91 → $115 |
| 2026-08-28 | Goldman Sachs | Target raised | Neutral | $100 → $117 |
| 2026-08-07 | RBC Capital | Target raised | Outperform | $107 → $118 |
| 2026-08-07 | Barclays | Target raised | Equal-Weight | $95 → $112 |
| 2026-08-07 | JP Morgan | Target raised | Neutral | $87 → $101 |
| 2026-07-23 | RBC Capital | Target raised | Outperform | $95 → $107 |
| 2026-07-14 | Barclays | Target raised | Equal-Weight | $85 → $95 |
| 2026-06-26 | Morgan Stanley | Target raised | Equal-Weight | $76 → $85 |
Total return (dividends reinvested) (VCTR)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +73.6% | +232.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +73.9% | +27.2% |
| Volatility (annualized) | 31.3% | 32.6% |
| Max drawdown | -18.1% (Feb 2026→Apr 2026) | -43.4% (Nov 2021→Jul 2022) |
VCTR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Investment Management Fees | $362.2M | 83.2% | +28.3% |
| Fund Administration & Distribution Fees | $73.1M | 16.8% | +6.1% |
| Total revenue | $435.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VCTR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amundi | “Through our 15-year distribution agreement with Amundi, we are their exclusive provider of traditional U.S.-manufactured active asset management products for distribution outside of the U.S., where Amundi has a local presence in 35 countries and 550 sales professionals across geographies.” |
Quoted from the company's 10-K filed Feb 26, 2026.
VCTR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.97 | $1.88 | +4.5% | $409.0M | 7 |
| Next quarter (ends Dec 2026) | $2.02 | $1.95 | +3.5% | $417.6M | 7 |
| Current fiscal year (ends Dec 2026) | $8.01 | $7.45 | +7.6% | $1.65B | 7 |
| Next fiscal year (ends Dec 2027) | $8.50 | $8.11 | +4.8% | $1.75B | 5 |
Key Statistics (as of October 23, 2026 at 20:22 UTC)
| Price | USD 107.6 |
|---|---|
| Change | ▲ 0.20% (up) |
| Previous Close | USD 107.39 |
| Open | USD 106.56 |
| Day Range | USD 106.14 – 107.79 |
| 52-Week Range | USD 57.03 – 123.55 |
| Volume | 379,475 shares |
| Market Cap | $6.62B |
| Exchange | NMS |
Technical Analysis (VCTR)
Nexqual's technical model rates VCTR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 20:22 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.45 (neutral) |
| vs SMA50 | Below (USD 111.48) |
| MACD | -0.66 (negative) |
Analyst Ratings (VCTR)
Wall Street analysts rate VCTR "Hold" based on 7 analysts, with a mean price target of USD 123 (range USD 115–146), per Nexqual as of October 23, 2026 at 20:22 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 123 |
| High Target | USD 146 |
| Low Target | USD 115 |
| Buy / Hold / Sell | 2 / 5 / 0 |
Earnings (VCTR)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.97 |
| Revenue Estimate | $409.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.21 vs est 1.79 ▲ beat |
| 2026-03-31 | USD 1.82 vs est 1.63 ▲ beat |
| 2025-12-31 | USD 1.78 vs est 1.66 ▲ beat |
| 2025-09-30 | USD 1.63 vs est 1.59 ▲ beat |
Source: Nexqual, October 23, 2026 at 20:22 UTC.
Financials & Fundamentals (VCTR)
| Total Revenue | $1.56B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +24.00% |
| Gross Margin | +57.34% |
| Operating Margin | +48.99% |
| Profit Margin | +29.57% |
| ROE | +19.05% |
| Debt / Equity | 0.43 |
| Current Ratio | 2.07 |
| Total Cash | $70.13M |
| Total Debt | $1.01B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $563.60M (36.2% of revenue) |
Source: Nexqual, October 23, 2026 at 20:22 UTC.
Financial Health Score (VCTR)
Nexqual rates Victory Capital Holdings, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 20:22 UTC.
| Growth | Strong — Revenue +46% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 57%, operating 49% (last 12 months) |
| Balance Sheet | Strong — $70M cash and investments vs $968M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $564M (last 4 quarters to Jun 2026, SEC), 36% margin |
| Efficiency | Solid — ROE 19%, ROA 10.7% |
Ownership (VCTR)
| Insider Ownership | +12.29% |
|---|---|
| Institutional Ownership | +80.57% |
| Shares Outstanding | 61.51M |
| Float | 45.63M |
| Short % of Float | +7.27% |
Source: Nexqual, October 23, 2026 at 20:22 UTC.
Leadership (VCTR)
Victory Capital Holdings, Inc. is led by David Craig Brown C.P.A., Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 20:22 UTC.
| Chairman of the Board & CEO | David Craig Brown C.P.A. |
|---|---|
| President, CFO & Chief Administrative Officer | Michael Dennis Policarpo II |
| President of Investment Franchises & Solutions and Head of ETFs | Mannik S. Dhillon C.A.I.A., C.F.A. |
| Executive Vice President | Thomas Michael Sipp C.F.A. |
| CTO & Head of Digital Innovation | Molly Weiss |
Major Backers & Investors (VCTR)
Notable institutional backers of Victory Capital Holdings, Inc. include Bahl & Gaynor LLC, Crestview Partners II GP, L.P., Capital Group, according to Nexqual as of October 23, 2026 at 20:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bahl & Gaynor LLC | 4.92% |
| Crestview Partners II GP, L.P. | 3.22% |
| Capital Group | 3.15% |
| SmallCap World Fund Inc | 2.37% |
| Van Berkom & Associates Inc. | 1.98% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.25% |
| Vanguard Group | 6.75% |
| Amundi | 4.78% |
| Dimensional Fund Advisors | 3.06% |
| State Street | 3.05% |
Source: Nexqual, October 23, 2026 at 20:22 UTC.
From Victory Capital Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Integrated Platform Providing Centralized Distribution, Marketing, and Support Functions to Investment Franchises, which maintain Investment Autonomy – Our integrated centralized (not standardized) operating and distribution platform allows us to achieve benefits from both our substantial scale and the focus of our investment managers.
- Our integrated platform allows us the ability to make investments that can benefit each Franchise and our Solutions Platform.
- As illustrated below, as of December 31, 2025, our current business is well diversified from multiple perspectives, including by asset class, by investment vehicle, by geography, and by Investment Franchise and our Solutions Platform. *Includes CITs, private funds, and non-U.S. domiciled pooled vehicles.
- Despite lower average fee rates, by managing these competitively priced products on our integrated platform we can earn margins on these products in excess of our average consolidated margin.
Partnerships
- Through our 15-year distribution agreement with Amundi, we are their exclusive provider of traditional U.S.-manufactured active asset management products for distribution outside of the U.S., where Amundi has a local presence in 35 countries and 550 sales professionals across geographies.
- With multiple Investment Franchises and a Solutions Platform that maintain autonomy in their respective investment processes, Victory Capital offers a wide array of investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds ("ETFs"), institutional separate accounts, variable insurance products ("VIPs"), alternative investments, private closed end funds, and a 529 Education Savings Plan.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory and governmental examinations and/or investigations, litigation and the legal risks associated with our business, could adversely impact our AUM, increase costs and negatively impact our profitability and/or our future financial results.
- The regulatory environment in which we operate is subject to continual change and regulatory developments designed to increase oversight and may materially adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PDI | PIMCO Dynamic Income Fund | USD 14.31 | ▲ 0.07% |
| BXSL | Blackstone Secured Lending Fund | USD 23.33 | ▼ 2.43% |
| AMG | Affiliated Managers Group, Inc. | USD 383.42 | ▼ 3.06% |
| SEIC | SEI Investments Company | USD 102.3 | ▼ 2.11% |
| IVZ | Invesco Ltd | USD 28.06 | ▼ 2.54% |
| ARCC | Ares Capital Corporation | USD 18.64 | ▼ 0.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 20:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt