Victory Capital reported FY 2025 results with total revenue of USD 1.3 billion (+46.0%), net income of USD 330.1 million (+14.0%) and GAAP diluted EPS of USD 4.08. Adjusted EBITDA was USD 682.9 million (+43.6%) with a 52.3% adjusted EBITDA margin, while adjusted net income was USD 472.6 million; adjusted net income with tax benefit per diluted share was USD 6.38. The effective tax rate was 24.7%. Assets under management (AUM) ended FY 2025 at USD 313.8 billion, with average AUM of USD 268.8 billion. The company posted USD 60.0 billion of gross flows and net outflows of USD 4.5 billion for FY 2025, including net long-term outflows of USD 4.2 billion and net short-term outflows of USD 0.3 billion. Revenue realization on average AUM was 48.6 bps. Key corporate updates included the completion on April 1, 2025 of the transaction combining Amundi’s U.S. business into Victory and the reintroduction of the Pioneer Investments brand; the company said the deal increased AUM by USD 114.6 billion (partially offset by assets divested due to the closure of four investment franchises). Victory also highlighted that 54 mutual funds and ETFs were rated 4 or 5 stars by Morningstar, representing 65% of fund and ETF AUM.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Victory Capital Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-077057), on February 26, 2026, and is solely responsible for the information contained therein.
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