$VCTR
Victory Capital Holdings, Inc.
CIK:0001570827|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue | ||||||
| Total revenue | $ 435,361 | $ 351,212 | $ 823,350 | $ 570,814 | ||
| Expenses | ||||||
| Personnel compensation and benefits | 125,500 | 108,918 | 231,355 | 165,054 | ||
| Distribution and other asset-based expenses | 68,590 | 62,039 | 136,000 | 97,516 | ||
| General and administrative | 22,915 | 23,381 | 43,530 | 37,709 | ||
| Depreciation and amortization | 20,585 | 21,794 | 41,161 | 29,226 | ||
| Change in value of consideration payable for acquisition of business | 2,041 | 1,092 | 5,578 | 4,498 | ||
| Acquisition-related costs | (653) | 25,780 | 7,005 | 34,530 | ||
| Restructuring and integration costs | 2,634 | 13,994 | 5,787 | 15,159 | ||
| Total operating expenses | 241,612 | 256,998 | 470,416 | 383,692 | ||
| Income from operations | 193,749 | 94,214 | 352,934 | 187,122 | ||
| Other income (expense) | ||||||
| Interest income and other income | 7,721 | 6,006 | 10,477 | 6,710 | ||
| Interest expense and other financing costs | (12,192) | (13,234) | (26,273) | (26,445) | ||
| Loss on debt extinguishment | (2,028) | 0 | (2,028) | 0 | ||
| Total other income (expense), net | (6,499) | (7,228) | (17,824) | (19,735) | ||
| Income before income taxes | 187,250 | 86,986 | 335,110 | 167,387 | ||
| Income tax expense | (47,846) | (28,252) | (83,566) | (46,678) | ||
| Net income | 139,404 | 58,734 | 251,544 | 120,709 | ||
| Preferred stock dividends | (10,018) | (9,673) | (19,788) | (9,673) | ||
| Net income attributable to preferred stockholders | (23,969) | (2,985) | (40,743) | (5,334) | ||
| Net income attributable to common stockholders | [1] | $ 105,417 | $ 46,076 | $ 191,013 | $ 105,702 | |
| Earnings per share of common stock | ||||||
| Basic | $ 1.7 | $ 0.69 | $ 3.04 | $ 1.61 | ||
| Diluted | $ 1.68 | $ 0.68 | $ 3.01 | $ 1.59 | ||
| Weighted average number of shares outstanding | ||||||
| Basic | 62,151 | 67,239 | 62,889 | 65,484 | ||
| Diluted | 62,782 | 67,980 | 63,593 | 66,358 | ||
| Dividends declared per share of common stock | $ 0.5 | $ 0.49 | $ 0.99 | $ 0.96 | ||
| Investment Management Fees | ||||||
| Revenue | ||||||
| Total revenue | $ 362,243 | $ 282,306 | $ 678,612 | $ 455,607 | ||
| Fund Administration and Distribution Fees | ||||||
| Revenue | ||||||
| Total revenue | $ 73,118 | $ 68,906 | $ 144,738 | $ 115,207 | ||
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