Victory Capital Holdings, Inc. (VCTR) stock
VCTRNasdaqInvestment AdviceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 14/3027% above fair value
$125.74−0.64 (-0.51%)
Close on Nov 11, 2026Market cap $7.73BP/E 23.0Yield 1.54%
Victory Capital operating margin
Operating margin is operating income as a percentage of revenue.
Victory Capital's operating margin for the twelve months ending Sep 30, 2026 was 40.4%. For fiscal 2025 it was 36.6%, against 47.8% the year before. The highest annual figure on record is 47.8% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 36.6% | −11.2 |
| FY2024 | Dec 31, 2024 | 47.8% | +7.8 |
| FY2023 | Dec 31, 2023 | 40.0% | −6.7 |
| FY2022 | Dec 31, 2022 | 46.7% | +4.7 |
| FY2021 | Dec 31, 2021 | 42.0% | +1.4 |
| FY2020 | Dec 31, 2020 | 40.6% | +13.7 |
| FY2019 | Dec 31, 2019 | 26.9% | −0.8 |
| FY2018 | Dec 31, 2018 | 27.7% | +5.9 |
| FY2017 | Dec 31, 2017 | 21.8% | +13.6 |
| FY2016 | Dec 31, 2016 | 8.2% | −5.6 |
| FY2015 | Dec 31, 2015 | 13.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 34.7% | −3.5 |
| Q2 FY2026 | Jun 30, 2026 | 44.5% | +17.7 |
| Q1 FY2026 | Mar 31, 2026 | 41.0% | −1.3 |
| Q4 FY2025 | Dec 31, 2025 | 40.9% | −7.1 |
| Q3 FY2025 | Sep 30, 2025 | 38.2% | −15.1 |
| Q2 FY2025 | Jun 30, 2025 | 26.8% | −23.5 |
| Q1 FY2025 | Mar 31, 2025 | 42.3% | +3.0 |
| Q4 FY2024 | Dec 31, 2024 | 48.1% | +6.1 |
| Q3 FY2024 | Sep 30, 2024 | 53.3% | +15.2 |
| Q2 FY2024 | Jun 30, 2024 | 50.4% | +7.5 |
| Q1 FY2024 | Mar 31, 2024 | 39.3% | +2.3 |
| Q4 FY2023 | Dec 31, 2023 | 41.9% | +2.4 |
| Q3 FY2023 | Sep 30, 2023 | 38.2% | −9.4 |
| Q2 FY2023 | Jun 30, 2023 | 42.9% | −12.4 |
| Q1 FY2023 | Mar 31, 2023 | 37.0% | −7.1 |
| Q4 FY2022 | Dec 31, 2022 | 39.5% | +0.3 |
| Q3 FY2022 | Sep 30, 2022 | 47.6% | +3.8 |
| Q2 FY2022 | Jun 30, 2022 | 55.2% | +12.3 |
| Q1 FY2022 | Mar 31, 2022 | 44.1% | +2.0 |
| Q4 FY2021 | Dec 31, 2021 | 39.2% | +0.4 |
| Q3 FY2021 | Sep 30, 2021 | 43.7% | +1.0 |
| Q2 FY2021 | Jun 30, 2021 | 42.9% | +6.7 |
| Q1 FY2021 | Mar 31, 2021 | 42.1% | −2.2 |
| Q4 FY2020 | Dec 31, 2020 | 38.8% | +9.4 |
| Q3 FY2020 | Sep 30, 2020 | 42.7% | +16.9 |
| Q2 FY2020 | Jun 30, 2020 | 36.2% | +11.3 |
| Q1 FY2020 | Mar 31, 2020 | 44.3% | +19.0 |
| Q4 FY2019 | Dec 31, 2019 | 29.4% | +2.5 |
| Q3 FY2019 | Sep 30, 2019 | 25.9% | −1.4 |
| Q2 FY2019 | Jun 30, 2019 | 24.9% | −0.6 |
| Q1 FY2019 | Mar 31, 2019 | 25.3% | +1.6 |
| Q4 FY2018 | Dec 31, 2018 | 26.8% | +7.6 |
| Q1 FY2018 | Jun 30, 2018 | 27.2% | +7.8 |
| Q4 FY2017 | Dec 31, 2017 | 25.5% | +18.8 |
| Q3 FY2017 | Sep 30, 2017 | 23.7% | +18.9 |
| Q2 FY2017 | Jun 30, 2017 | 19.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 19.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 6.7% | – |
| Q3 FY2016 | Sep 30, 2016 | 4.8% | – |
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