Victory Capital Reports Record Fourth-Quarter Results

About this update from Victory Capital Holdings, Inc. Class A Common Stock

[{"type":"text","content":"\nFourth-Quarter Highlights\n\n\n\nTotal Client Assets of $316.6 billion\n\n\n\nLong-term gross flows of $17.1 billion\n\n\n\nLong-term net flows of ($2.1) billion\n\n\n\nGAAP operating margin of 40.9%\n\n\n\nGAAP net income per diluted share of $1.32\n\n\n\nAdjusted EBITDA margin of 52.8%\n\n\n\nAdjusted net income with tax benefit per diluted share of $1.78\n\n\n\nBoard authorizes regular quarterly cash dividend of $0.49\n\n\n\n SAN ANTONIO--(BUSINESS WIRE)--\nVictory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or “the Company”) today reported record financial results for the quarter and year ended December 31, 2025.\n\n\n“We ended 2025 with positive momentum and in a position of strength, achieving record quarterly and annual levels of gross flows, revenue, and earnings,” said David Brown, Chairman and Chief Executive Officer. “In early 2026, we achieved record high AUM and are well positioned to execute on all our growth strategies.\n\n\n“Our investment performance remains excellent and improved during the fourth quarter. The percentage of our AUM outperforming benchmarks over the respective 1-, 3-, 5-, and 10-year periods ended December 31, was 63%, 63%, 68%, and 78%. In addition, 65% of our rated AUM in mutual funds and ETFs was rated four or five stars overall by Morningstar.\n\n\n“The integration of Pioneer Investments is substantially complete, with $97 million of net expense synergies having been achieved by year end. The remaining $13 million of net expense synergies are on track to be completed during 2026.\n\n\n“Meaningful progress continues across key growth drivers, including achieving positive net flows from our international distribution channel, our VictoryShares ETF platform, and multiple Investment Franchises. This momentum is supported by the launching of new products and vehicles, the continued ramp-up of our international sales capabilities, our enlarged US salesforce, and investments we are making into our key distribution partners.\n\n\n“Capital returned to shareholders during 2025 reached a record $366 million. In the fourth quarter, we repurchased more than 800,000 shares of VCTR common stock and, combined with dividends, returned a total of $93 million to shareholders.\n\n\n“As our top capital deployment priority, we remain very active and disciplined in pursuing strategic acquisitions, a...

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