Victory Capital Q3 revenue rises 7.6% to $225.6 million; GAAP EPS $1.24 vs $0.77
Victory Capital reported third-quarter 2024 results on November 7, 2024. Revenue rose 7.6% year over year to $225.6 million, and GAAP diluted earnings per share were $1.24, up from $0.77, though the company also recorded $2.6 billion in long-term net outflows for the quarter. The board raised the quarterly dividend to $0.44 per share from $0.41, and management said the pending Amundi transaction is expected to close in the first quarter of 2025.
Key points
- Q3 2024 revenue of $225.6 million, up 7.6% from $209.7 million a year earlier and up 2.7% from $219.6 million in Q2 2024
- GAAP net income of $82.0 million, or $1.24 per diluted share, versus $52.0 million, or $0.77, in Q3 2023
- Long-term net outflows of $2.6 billion in the third quarter; total AUM ended at $176.1 billion
- Quarterly dividend raised to $0.44 per share from $0.41, payable December 23, 2024, to holders of record on December 9, 2024
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.