Victory Capital Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 01/01/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.3B | $893.5M | $821.0M | $854.8M | — |
| Operating expenses | $827.7M | $466.0M | $492.6M | $455.7M | — |
| Operating income | $478.4M | $427.5M | $328.5M | $399.1M | — |
| Interest expense | $54.8M | $63.8M | $61.3M | $44.0M | — |
| Pretax income | $438.3M | $373.8M | $275.9M | $350.0M | — |
| Income tax expense | $108.3M | $84.9M | $62.8M | $74.5M | — |
| Net income | $330.1M | $288.9M | $213.2M | $275.5M | — |
| Balance Sheet | |||||
| Cash and equivalents | $163.7M | $126.7M | $123.5M | $38.2M | — |
| Total assets | $4.2B | $2.5B | $2.5B | $2.5B | $2.6B |
| Total liabilities | $1.8B | $1.4B | $1.5B | $1.5B | $1.7B |
| Stockholders' equity | $2.4B | $1.1B | $1.1B | $1.1B | — |
| Cash Flow Statement | |||||
| Cash from operations | $385.5M | $340.0M | $330.3M | $335.2M | — |
| Depreciation and amortization | $72.9M | $30.2M | $41.6M | $43.2M | — |
| Stock-based compensation | $20.4M | $15.2M | $16.5M | — | — |
| Capital expenditure | $4.2M | $1.3M | $5.2M | $5.2M | — |
| Free cash flow | $381.3M | $338.7M | $325.1M | $330.0M | — |
| Dividends paid | $157.0M | $101.1M | $85.4M | $69.2M | — |
| Share repurchases | $195.6M | $103.6M | $139.3M | $101.2M | — |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 62.5M · Free float 76.7%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.