Victory Capital Q4 revenue rises 61% to $374.1 million; GAAP EPS $1.32
Victory Capital reported fourth-quarter 2025 revenue of $374.1 million, up 61.0% from a year earlier, and GAAP net income of $112.8 million, or $1.32 per diluted share, up from $1.17. Full-year 2025 GAAP diluted EPS was $4.08, down from $4.38 in 2024, and the company recorded $2.1 billion of long-term net outflows in the quarter, so shareholders face mixed signals from the period.
Key points
- Q4 2025 revenue $374.1 million, up 61.0% year over year and 3.6% from Q3 2025
- Q4 GAAP operating margin 40.9%, down from 48.1% a year earlier
- Q4 long-term net outflows of $2.1 billion; total AUM $313.8 billion at December 31, 2025
- Board approved a regular quarterly cash dividend of $0.49 per share, payable March 25, 2026
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 February 04, 2026.
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.