Every 10-Q that Victory Capital Holdings, Inc. (VCTR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VCTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VCTR filings page.
Victory Capital Holdings reported strong growth for the three months ended June 30, 2026, with total revenue of $435,361 (in thousands) versus $351,212 (in thousands) a year earlier. Income from operations rose to $193,749 (in thousands) from $94,214 (in thousands), and net income reached $139,404 (in thousands), driving diluted EPS to $1.68 from $0.68.
For the first half of 2026, revenue was $823,350 (in thousands) and net income $251,544 (in thousands), with diluted EPS of $3.01. Pioneer Investments, the business acquired from Amundi, contributed revenue of $204 (in millions) in Q2 and $362 (in millions) year‑to‑date, highlighting the scale impact of the transaction.
Operating cash flow strengthened to $256,379 (in thousands) for the six-month period. As of June 30, 2026, cash and cash equivalents were $70,126 (in thousands), long‑term debt, net, was $967,974 (in thousands) in term loans due 2032, and total stockholders’ equity was $2,375,062 (in thousands).
Victory Capital Holdings reported sharply higher results for the quarter ended March 31, 2026, driven by the Amundi US (Pioneer Investments) acquisition and organic growth. Total revenue rose to $388.0 million from $219.6 million a year earlier, while net income increased to $112.1 million from $62.0 million.
Average assets under management climbed to $318.7 billion from $173.8 billion, although period‑end AUM dipped slightly to $309.8 billion due to modest net outflows of $0.7 billion and negative market action of $2.8 billion. Long‑term strategies saw mixed flows, with outflows in U.S. equity and fixed income partly offset by inflows into global/non‑U.S. equity and the Solutions platform.
Expenses rose as the business scaled, including higher compensation, distribution, and amortization of acquired intangibles tied to Pioneer. Even so, income from operations increased to $159.2 million versus $92.9 million. Adjusted EBITDA reached $204.0 million (52.6% margin), and adjusted net income with tax benefit was $153.2 million, or $1.82 per diluted share.
Victory Capital Holdings (VCTR) reported strong top-line growth in Q3 2025. Revenue rose to $361,195 thousand from $225,628 thousand a year ago, driven by higher investment management fees across mutual funds, ETFs, and separate accounts. Operating income was $138,126 thousand, while net income totaled $96,541 thousand.
Earnings to common were lower year over year due to the introduction of preferred shares tied to the Amundi US (Pioneer) transaction. Net income attributable to common shareholders was $74,317 thousand (diluted EPS $1.11) versus $81,983 thousand (diluted EPS $1.24) in Q3 2024. The quarterly dividend per common share increased to $0.49 from $0.41.
The Amundi US acquisition reshaped the balance sheet and mix. Total assets reached $4,212,469 thousand, including higher goodwill and intangibles, and long‑term debt was $971,988 thousand. Year-to-date, operating cash flow was $240,409 thousand; financing cash outflows included $144,925 thousand of share repurchases and $115,703 thousand of dividends. Pioneer Investments contributed revenue of $135.3 million in Q3 and $276.0 million since closing. Common shares outstanding were 64,935,459 as of October 31, 2025.
Q2-25 snapshot (VCTR 10-Q): Revenue jumped 60% YoY to $351.2 m on a 63% rise in investment-management fees, boosted by the 1 Apr 2025 Amundi US (Pioneer) acquisition. Fund administration & distribution fees climbed 48% to $68.9 m.
Profitability: Operating expenses more than doubled to $257.0 m, including $25.8 m of acquisition costs and $14.0 m of integration charges. Operating income slipped 15% to $94.2 m; net income fell 21% to $58.7 m as the tax rate rose to 32.5%. After $9.7 m preferred dividends, diluted EPS for common holders contracted 39% YoY to $0.68.
Balance sheet: Total assets swelled to $4.25 bn (2.55 bn at 12/24) with $1.28 bn of new intangibles and $251 m of goodwill. Long-term debt was little changed at $965.7 m, but cash declined to $107.9 m. Equity nearly doubled to $2.47 bn; share count rose to 66.9 m and 19.7 m non-voting preferred shares were issued to Amundi.
Cash flow & capital return: Operating cash flow dropped 50% to $74.5 m. The company paid $73.6 m in dividends ($0.49/sh) and repurchased $26.4 m of stock; $63.7 m went to the WestEnd earn-out, leaving an $80.7 m contingent liability.
Strategic outlook: Pioneer adds scale, global distribution and contributed $140.7 m of revenue in its first full quarter. Management targets long-term cross-selling benefits and cost synergies, but higher leverage, integration execution and amortization drag bear monitoring.