Victory Capital Holdings, Inc. (VCTR)
NASDAQ: VCTR · Real-Time Price · USD
125.26
+0.82 (0.66%)
At close: Nov 13, 2026, 4:00 PM EST
125.33
+0.06 (0.05%)
After-hours: Nov 13, 2026, 7:30 PM EST
Victory Capital Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 455.66 | 330.06 | 288.86 | 213.16 | 275.51 | 278.39 |
Depreciation & Amortization | 83.27 | 72.85 | 30.18 | 41.65 | 43.2 | 18.84 |
Other Amortization | 1.97 | 3.63 | 4.32 | 4.24 | 4.48 | 3.43 |
Loss (Gain) From Sale of Assets | - | - | - | - | 0.49 | - |
Loss (Gain) From Sale of Investments | -20.99 | -20.39 | -17.41 | -4.65 | 4.65 | -3.56 |
Loss (Gain) on Equity Investments | - | - | - | - | 0.83 | 0.33 |
Stock-Based Compensation | 94.3 | 46.39 | 20.09 | 21.54 | 17.72 | 26.5 |
Other Operating Activities | 41.91 | 46.86 | 35.57 | 8.34 | -15.79 | 37.88 |
Change in Accounts Receivable | -25.43 | -50.77 | -13.2 | -3.4 | 15.03 | -8.1 |
Change in Accounts Payable | 0.65 | -17.75 | 1.53 | 5.67 | -10.23 | 19.44 |
Change in Other Net Operating Assets | -6.53 | -25.4 | -9.96 | 43.75 | -0.67 | 3.04 |
Operating Cash Flow | 624.82 | 385.49 | 339.98 | 330.29 | 335.21 | 376.2 |
Operating Cash Flow Growth | 88.07% | 13.38% | 2.93% | -1.47% | -10.90% | 50.11% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -3.62 | -4.16 | -1.28 | -5.17 | -5.25 | -12.67 |
Cash Acquisitions | - | 53.61 | - | - | -0.88 | -539.24 |
Investment in Securities | -12.33 | -0.02 | -0.04 | -0.01 | 0.18 | 0.04 |
Other Investing Activities | 27.14 | 27.14 | -2.66 | -2.66 | -0.37 | -4.71 |
Investing Cash Flow | 11.19 | 76.58 | -3.98 | -7.84 | -6.32 | -556.59 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 241.14 | - | - | - | 502.48 |
Total Debt Issued | 306.58 | 241.14 | - | - | - | 502.48 |
Long-Term Debt Repaid | - | -238.29 | -29.52 | - | -149.05 | -142 |
Total Debt Repaid | -316.43 | -238.29 | -29.52 | - | -149.05 | -142 |
Net Debt Issued (Repaid) | -9.85 | 2.85 | -29.52 | - | -149.05 | 360.48 |
Issuance of Common Stock | 3.09 | 1.84 | 8.88 | 6.29 | 14.11 | 8.38 |
Repurchase of Common Stock | -331.26 | -208.61 | -129.99 | -157.99 | -132.25 | -58.23 |
Common Dividends Paid | -165.2 | -156.96 | -101.12 | -85.43 | -69.2 | -37.16 |
Other Financing Activities | -40.75 | -64.6 | -81.02 | - | -23.8 | -46.25 |
Financing Cash Flow | -543.97 | -425.48 | -332.76 | -237.13 | -360.19 | 227.22 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -0.05 | 0.38 | -0.05 | 0.06 | -0.07 | -0.04 |
Net Cash Flow | 91.98 | 36.96 | 3.18 | 85.38 | -31.36 | 46.79 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 621.19 | 381.33 | 338.7 | 325.12 | 329.97 | 363.52 |
Free Cash Flow Growth | 89.10% | 12.58% | 4.18% | -1.47% | -9.23% | 49.87% |
Free Cash Flow Margin | 38.97% | 29.20% | 37.91% | 39.60% | 38.60% | 40.83% |
Free Cash Flow Per Share | 9.72 | 5.75 | 5.14 | 4.77 | 4.57 | 4.90 |
Levered Free Cash Flow | 603.99 | 410.08 | 263.68 | 253.24 | 272 | 278.08 |
Unlevered Free Cash Flow | 630.29 | 440.42 | 298.99 | 286.97 | 294.72 | 289.83 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 57.74 | 79.67 | 78.68 | 70.69 | 31.98 | 18.77 |
Cash Income Tax Paid | 120.58 | 72.89 | 52.25 | 38.69 | 35.73 | 55.15 |
Change in Working Capital | -31.31 | -93.92 | -21.62 | 46.02 | 4.13 | 14.38 |