Victory Capital Stock Price, News & Analysis

Victory Capital (NASDAQ:VCTR) reported strong Q2 2025 financial results, highlighted by total client assets reaching $301.6 billion. The quarter featured the successful completion of the strategic partnership with Amundi and acquisition of Pioneer Investments, contributing $114.6 billion in AUM.

Key financial metrics include GAAP operating margin of 26.8%, adjusted EBITDA margin of 50.8%, and adjusted net income with tax benefit per diluted share of $1.57. The company reported long-term gross flows of $15.4 billion with net outflows of $660 million.

The Board enhanced shareholder returns by increasing the share repurchase authorization to $500 million and declaring a quarterly dividend of $0.49 per share. Investment performance remains strong with 67% of AUM outperforming benchmarks over 5 years.

Victory Capital (NASDAQ: VCTR) reported Total Client Assets of $301.6 billion as of June 30, 2025, with Total Assets Under Management (AUM) reaching $298.6 billion and Other Assets of $3.1 billion.

The company's portfolio breakdown shows significant positions in Solutions ($80.0 billion), Fixed Income ($79.8 billion), and U.S. Large Cap Equity ($61.8 billion). By vehicle type, Mutual Funds led with $168.0 billion, followed by Separate Accounts at $118.6 billion. The company experienced net outflows of $660 million in long-term AUM during Q2 2025.

Victory Capital will report its Q2 2025 financial results on August 7, 2025, followed by a conference call on August 8.

Victory Capital (NASDAQ: VCTR) has expanded its VictoryShares® ETF lineup with three new funds. The company launched the VictoryShares Pioneer Asset-Based Income ETF (ABI), marking the first ETF strategy from Pioneer Investments, along with the VictoryShares International Free Cash Flow ETF (IFLO) and VictoryShares International Free Cash Flow Growth ETF (GRIN).

ABI, actively managed by Pioneer Investments, targets premium yields in securitized credit markets, offering private-credit-like characteristics with ETF liquidity. IFLO and GRIN expand the company's free cash flow suite to provide international market exposure. The additions bring VictoryShares' total ETF offerings to 26 funds with over $14 billion in AUM as of May 31, 2025.

Victory Capital reported total client assets of $293.1 billion as of May 31, 2025, with AUM of $289.4 billion and other assets of $3.7 billion. Following the Pioneer Investment integration, the company issued 5.4 million preferred shares to Amundi S.A., increasing total diluted shares to 88.3 million. The Q2 diluted shares are estimated at 85 million. The consolidated fee rate is projected at 46-47 basis points post-integration. The change in fee rate is primarily due to accounting alignment, with Pioneer's Fund Administration reimbursements and Broker Dealer commissions now shown on a net basis, though this won't impact EBITDA or margins. The company's assets are diversified across solutions ($76.4B), fixed income ($79B), U.S. equities ($102.8B), and other categories, with mutual funds representing the largest vehicle type at $163.4B.

Victory Capital (NASDAQ: VCTR) reported its April 2025 assets under management (AUM), showing significant growth driven by a major acquisition. The company's Total Client Assets reached $282.8 billion, with Total AUM of $279.3 billion and Other Assets of $3.6 billion. The figures include $114 billion of newly acquired assets during April.

By asset class, Solutions led with $72.6 billion, followed by Fixed Income at $78.6 billion and U.S. Large Cap Equity at $55.4 billion. The company's assets are primarily distributed through Mutual Funds ($157.8 billion) and Separate Accounts ($111.1 billion). Geographically, U.S. assets dominated at $237.8 billion, while non-U.S. assets stood at $45 billion.

Victory Capital (VCTR) reported strong Q1 2025 results with total client assets of $171.4 billion. The company achieved revenue of $219.6 million, up 1.7% year-over-year, and an adjusted EBITDA margin of 53.0%. Q1 highlights include long-term gross flows of $9.3 billion, GAAP operating margin of 42.3%, and GAAP net income of $0.96 per diluted share. Investment performance remained robust with 64%, 65%, and 79% of AUM outperforming benchmarks over 3-, 5-, and 10-year periods. The Board increased the quarterly dividend to $0.49 per share. The company successfully closed its transaction with Amundi on April 1, enhancing its distribution presence and geographical diversification. Despite market volatility, Victory Capital maintained strong margins and demonstrated positive momentum in key business areas.

Victory Capital Holdings (NASDAQ: VCTR) reported Total Client Assets of $171.4 billion as of March 31, 2025, comprising $167.5 billion in Assets Under Management (AUM) and $4.0 billion in Other Assets. The company experienced negative long-term AUM net flows of -$1.2 billion in the first quarter.

The asset distribution shows Solutions at $63.4 billion, Fixed Income at $24.2 billion, and various equity categories including U.S. Mid Cap ($29.0 billion), Small Cap ($13.2 billion), Large Cap ($13.1 billion), and Global/Non-U.S. ($18.3 billion). By vehicle type, Mutual Funds led with $108.4 billion, followed by Separate Accounts at $48.8 billion and ETFs at $10.3 billion.

The company will announce its Q1 2025 financial results on May 8, with a conference call scheduled for May 9 at 8:00 a.m. ET.

Victory Capital (NASDAQ: VCTR) has completed its transaction with Amundi SA, establishing a 15-year reciprocal global distribution partnership. The company is reintroducing the Pioneer Investments brand, which generated $544 million in revenue and $5.5 billion in positive net flows in 2024. As of February 28, 2025, Pioneer had $119 billion in Assets Under Management with year-to-date net flows of $2.7 billion.

The company has increased its net expense synergies target from $100 million to $110 million, with $50 million already achieved at closing and an additional $30 million expected over the next six months. As part of the deal, Amundi received 17.6 million shares (21.2% of fully diluted equity) and will reach a 26.1% equity interest over the next six months.

Pioneer's investment performance remains strong, with 62% of mutual fund AUM rated 4- or 5-stars by Morningstar. Victory Capital strategies will be distributed through Amundi's global network, with registration processes initiated for numerous strategies in retail product structures outside the US.

Victory Capital Holdings (NASDAQ: VCTR) has been awarded eight prestigious 2025 US LSEG Lipper Fund Awards for outstanding risk-adjusted returns through November 30, 2024. The awards recognize funds and fund companies that have demonstrated exceptional performance relative to their peers.

The awards are based on the Lipper Leader for Consistent Return rating, which evaluates risk-adjusted performance over periods of 36, 60, and 120 months. CEO David Brown attributed the achievement to the dedication of Victory Capital's investment professionals and their commitment to delivering strong long-term returns to clients.