Victory Capital is a U.S. asset manager that operates a multi-boutique model: several investment franchises under one corporate umbrella, spanning mutual funds, ETFs, separately managed accounts and institutional mandates. It grows both organically and through acquisitions of specialist managers while centralizing distribution and operations. Clients range from retail investors via intermediaries to institutions seeking active and specialized strategies.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 351.2 | — | 46.1 | — |
| Q3 2025 | 361.2 | — | 74.3 | — |
| Q4 2025 | 374.1 | — | 88.2 | — |
| Q1 2026 | 388 | — | 85.5 | — |
| Q2 2026 | 435.4 | 24% | 105.4 | 128.8% |
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