Victory Capital Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,306	893.48	821.03	854.8	890.27
Revenue Growth (YoY)	46.18%	8.82%	-3.95%	-3.98%	14.82%
Cost of Revenue	594.98	377.36	365.05	388.84	409.31
Gross Profit	711.15	516.12	455.97	465.96	480.95
Selling, General & Admin	83.32	56.69	56.29	52.37	53.72
Operating Expenses	156.17	86.87	97.93	95.57	72.56
Operating Income	554.98	429.25	358.04	370.39	408.39
Interest Expense	-56.85	-63.39	-60.74	-43.51	-24.28
Interest & Investment Income	15.3	-	-	-	5.07
Earnings From Equity Investments	-	-	-	-0.83	-0.33
Other Non Operating Income (Expenses)	2.07	9.98	8.19	-2.05	0.89
EBT Excluding Unusual Items	515.49	375.84	305.49	324	389.73
Merger & Restructuring Charges	-65.15	0.96	-6.35	-11.88	-20.75
Gain (Loss) on Sale of Investments	-	0.02	0	-0.04	0.05
Other Unusual Items	-12.02	-3.06	-23.24	37.95	-18.4
Pretax Income	438.32	373.76	275.91	350.03	350.64
Income Tax Expense	108.26	84.89	62.75	74.52	72.25
Net Income	330.06	288.86	213.16	275.51	278.39
Preferred Dividends & Other Adjustments	59.91	-	-	-	-
Net Income to Common	270.15	288.86	213.16	275.51	278.39
Net Income Growth	14.26%	35.52%	-22.63%	-1.03%	30.99%
Shares Outstanding (Basic)	65	65	66	68	68
Shares Outstanding (Diluted)	66	66	68	72	74
Shares Change (YoY)	0.68%	-3.35%	-5.61%	-2.54%	0.59%
EPS (Basic)	4.13	4.47	3.22	4.02	4.10
EPS (Diluted)	4.08	4.38	3.12	3.81	3.75
EPS Growth	-6.85%	40.38%	-18.11%	1.60%	30.21%
Free Cash Flow	-	338.7	325.12	329.97	363.52
Free Cash Flow Per Share	-	5.14	4.77	4.57	4.90
Dividend Per Share	1.940	1.555	1.280	1.000	0.530
Dividend Growth	24.76%	21.48%	28.00%	88.68%	130.44%
Gross Margin	54.45%	57.77%	55.54%	54.51%	54.02%
Operating Margin	42.49%	48.04%	43.61%	43.33%	45.87%
Profit Margin	20.68%	32.33%	25.96%	32.23%	31.27%
Free Cash Flow Margin	-	37.91%	39.60%	38.60%	40.83%
EBITDA	623.32	459.43	399.69	413.59	427.23
EBITDA Margin	47.72%	51.42%	48.68%	48.38%	47.99%
D&A For EBITDA	68.34	30.18	41.65	43.2	18.84
EBIT	554.98	429.25	358.04	370.39	408.39
EBIT Margin	42.49%	48.04%	43.61%	43.33%	45.87%
Effective Tax Rate	24.70%	22.71%	22.74%	21.29%	20.61%
Revenue as Reported	1,306	893.48	821.03	854.8	890.27

Source: S&P Global Market Intelligence. Standard template. Financial Sources.