Victory Capital Reports $346.1B in Client Assets

By Hao Liu • Thursday, August 06 10:56 • Permanent Link

Victory Capital recently released its 10-Q report. Victory Capital Holdings, Inc. is an asset management firm based in San Antonio, Texas, with operations in the United States and abroad. It serves institutions, intermediaries, retirement platforms, and individual investors through mutual funds, ETFs, separate accounts, variable insurance products, alternative investments, private closed-end funds, and a 529 education savings plan.

In Item 2, management said total client assets reached $346.1 billion at June 30, 2026, including $342.5 billion of assets under management and $3.6 billion of other assets. AUM rose $32.6 billion from March 31, 2026, with $28.5 billion of market appreciation and $4.1 billion of net inflows.

For the second quarter, gross flows were $22.4 billion, up from $15.7 billion a year earlier, while net flows improved to $4.1 billion from a $0.8 billion outflow. For the first six months, gross flows totaled $41.6 billion versus $25.2 billion in the prior year period, and net flows were $3.5 billion compared with a $2.1 billion outflow.

Revenue for the quarter was $435.4 million, up from $351.2 million, and six-month revenue was $823.4 million versus $570.8 million. Net income increased to $139.4 million from $58.7 million in the quarter and to $251.5 million from $120.7 million for the half year.

Adjusted EBITDA was $242.7 million in the quarter, equal to 55.8% of revenue, compared with $178.5 million, or 50.8%, a year earlier. For six months, Adjusted EBITDA was $446.7 million, or 54.3% of revenue, versus $294.9 million, or 51.7%.

Adjusted net income with tax benefit was $182.9 million for the quarter and $336.1 million for the first half, up from $132.8 million and $220.9 million, respectively. Adjusted net income with tax benefit per diluted share was $2.21 for the quarter and $4.02 for the six months, compared with $1.57 and $2.96. Following these announcements, the company's shares moved 5.67%, and are now trading at a price of $105.64. For more information, read the company's full 10-Q submission here.

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