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MARKETS / NASDAQ / VCTR
NASDAQ · INVESTMENT ADVICE · LARGE CAP

Victory Capital Holdings, Inc. VCTR

11 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY4 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$1.3B
▲ 46.2% vs FY2024
Dividend streak
4 yrs
Raised every year since 2022
EPS · FY25
$4.08
Dividend / sh · FY25
$1.94
Payout · FY25
48%
ROE · FY25
18.6%
Net margin · FY25
25.3%
Dividend coverage
2.1×
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Result
USD 1.3B
Revenue, FY2025 · full 11-year series below
Revenue Net income
0.40.81.21.61.30.320152018202120242025
0.40.81.21.61.30.32016201920222025

25 cents of every revenue dollar became profit this year.

Per share
USD 4.08
Diluted EPS, FY2025
EPS Dividend
2461.944.0820152018202120242025
2461.944.082016201920222025

Earnings covered the dividend 2.1 times — the rest stayed in the company.

Profitability
18.6%
Return on equity, FY2025
ROE
1020304018.6%20152018202120242025
1020304018.6%2016201920222025
Operating margin36.6%
Net margin25.3%
Return on assets9.7%

Each USD of equity produced 19 cents of profit this year.

Returned to shareholders
USD 350.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 157.0M
Net buybacksUSD 193.8M
Share of profit106.3%
Consecutive raises4 years

USD 157.0M in dividends and USD 193.8M in buybacks — 106% of the year's profit, so the payout drew on cash built up earlier.

Growth
+11.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+15.2%
+11.0%
+18.4%
Net income
+6.2%
+9.2%
+56.3%
EPS, diluted
+2.3%
Dividend / share
+24.7%
Returned to shareholders
+30.9%
+53.4%
+19.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.06B
Shares outstanding, FY2025
0.050.0620152018202120242025
-0.000.062016201920222025
Change, 5 years—
Change, 10 years—

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 4.2B
total assets, end of FY2025
Total assetsUSD 4.2B
EquityUSD 2.4B
CashUSD 163.7M
Gross debtUSD 970.0M
Net debtUSD 806.3M

Net debt stands at 33% of equity.

History
11 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue $B
1.3
0.9
0.8
0.9
0.9
0.8
0.6
0.4
0.4
0.3
0.2
Operating income $B
0.5
0.4
0.3
0.4
0.4
0.3
0.2
0.1
0.1
0.0
0.0
EBITDA $B
0.6
0.5
0.4
0.4
0.4
0.3
0.2
0.1
0.1
0.1
0.1
Income tax $B
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
−0.0
0.0
Net income $B
0.3
0.3
0.2
0.3
0.3
0.2
0.1
0.1
0.0
−0.0
0.0
EPS, diluted $
4.08
4.38
3.12
3.81
3.75
2.88
1.26
0.90
0.43
−0.12
0.08
Dividend / sh $
1.94
1.55
1.28
1.00
0.53
0.23
0.10
·
2.42
·
1.28
Payout %
48
35
40
25
13
8
8
1
523
−10
1582
ROE %
18.6
26.6
20.1
27.6
34.0
34.1
18.6
18.6
9.2
−2.1
1.4
Shares out B
0.06
0.06
0.06
0.07
0.00
0.02
·
0.00
0.06
−0.00
0.05

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
21 of 21
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed