Victory Capital Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,164	893.48	821.03	854.8	890.27	775.35
Revenue Growth (YoY)	34.31%	8.82%	-3.95%	-3.98%	14.82%	26.61%
Cost of Revenue	501.4	377.36	365.05	388.84	409.31	371.66
Gross Profit	662.98	516.12	455.97	465.96	480.95	403.69
Selling, General & Admin	75.44	56.69	56.29	52.37	53.72	43.14
Operating Expenses	134.21	86.87	97.93	95.57	72.56	59.52
Operating Income	528.77	429.25	358.04	370.39	408.39	344.18
Interest Expense	-54.08	-63.39	-60.74	-43.51	-24.28	-36.45
Interest & Investment Income	2.49	-	-	-	5.07	4.06
Earnings From Equity Investments	-	-	-	-0.83	-0.33	-0.19
Other Non Operating Income (Expenses)	10.73	9.98	8.19	-2.05	0.89	-0.73
EBT Excluding Unusual Items	487.9	375.84	305.49	324	389.73	310.86
Merger & Restructuring Charges	-83.14	0.96	-6.35	-11.88	-20.75	-10.08
Gain (Loss) on Sale of Investments	0	0.02	0	-0.04	0.05	0.02
Other Unusual Items	-9.51	-3.06	-23.24	37.95	-18.4	-22.25
Pretax Income	395.25	373.76	275.91	350.03	350.64	278.54
Income Tax Expense	101.07	84.89	62.75	74.52	72.25	66.02
Net Income	294.19	288.86	213.16	275.51	278.39	212.52
Net Income to Common	258.91	288.86	213.16	275.51	278.39	212.52
Net Income Growth	10.13%	35.52%	-22.63%	-1.03%	30.99%	129.78%
Shares Outstanding (Basic)	65	65	66	68	68	68
Shares Outstanding (Diluted)	66	66	68	72	74	74
Shares Change (YoY)	0.14%	-3.35%	-5.61%	-2.54%	0.59%	0.34%
EPS (Basic)	3.96	4.47	3.22	4.02	4.10	3.14
EPS (Diluted)	3.90	4.38	3.12	3.81	3.75	2.88
EPS Growth	-3.15%	40.38%	-18.11%	1.60%	30.21%	128.57%
Free Cash Flow	328.51	338.7	325.12	329.97	363.52	242.56
Free Cash Flow Per Share	4.95	5.14	4.77	4.57	4.90	3.29
Dividend Per Share	1.890	1.555	1.280	1.000	0.530	0.230
Dividend Growth	31.71%	21.48%	28.00%	88.68%	130.44%	130.00%
Gross Margin	56.94%	57.77%	55.54%	54.51%	54.02%	52.07%
Operating Margin	45.41%	48.04%	43.61%	43.33%	45.87%	44.39%
Profit Margin	22.24%	32.33%	25.96%	32.23%	31.27%	27.41%
Free Cash Flow Margin	28.21%	37.91%	39.60%	38.60%	40.83%	31.28%
EBITDA	587.54	459.43	399.69	413.59	427.23	360.56
EBITDA Margin	50.46%	51.42%	48.68%	48.38%	47.99%	46.50%
D&A For EBITDA	58.77	30.18	41.65	43.2	18.84	16.38
EBIT	528.77	429.25	358.04	370.39	408.39	344.18
EBIT Margin	45.41%	48.04%	43.61%	43.33%	45.87%	44.39%
Effective Tax Rate	25.57%	22.71%	22.74%	21.29%	20.61%	23.70%
Revenue as Reported	1,164	893.48	821.03	854.8	890.27	775.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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