Is Victory Capital Holdings (VCTR) overvalued or fairly valued?

MarketChacha shows Victory Capital Holdings's valuation in context — a trailing P/E of about 22.6, a forward P/E of about 12.7, a price-to-book of about 2.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Victory Capital Holdings's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.27×) from reported figures — education, not a rating.

What is Victory Capital Holdings's revenue?

Victory Capital Holdings reported revenue of $1.3B for FY2025, with net profit of $330.1M, per official filings.

What is the share price of Victory Capital Holdings (VCTR)?

Victory Capital Holdings last traded at $108.45 (+0.7% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Victory Capital Holdings

VCTR · NYSE · Financials · United States

Snapshot

TickerVCTR

ExchangeNYSE

SectorFinancials

IndustryAsset Management

CountryUnited States

Employees699

HeadquartersSan Antonio, United States

Websitewww.vcm.com

Filings tracked25

About Victory Capital Holdings

Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. The company also provides various investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds (ETF), institutional separate accounts, variable insurance products, alternative investments, private closed end funds, and a 529 education savings plan; and third-party investment products, such as mutual funds, third-party ETF model strategies, retail separately managed accounts, unified managed accounts, collective investment trusts, undertakings for the collective investment in transferable securities, and other pooled vehicles. In addition, it offers investment management services, fund administration services, fund transfer agent services, and fund distribution services. Victory Capital Holdings, Inc. was incorporated in 2013 and is based in San Antonio, Texas.

Who owns it

Insiders12.3%
Institutions80.5%
Public & other7.2%

487 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.25%
Bahl & Gaynor LLC4.92%
Amundi4.78%
Vanguard Capital Management LLC3.56%
Crestview Partners II GP, L.P.3.22%
Vanguard Portfolio Management LLC3.19%
Capital World Investors3.15%
Dimensional Fund Advisors LP3.06%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.27×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend26.0% → 25.3%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 26% · PAT 24%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $417.6M · EPS 2.02

Est. earnings growth +13.6%

Next fiscal year

Rev $1.8B · EPS 8.50

Est. earnings growth +6.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.3B

Net margin

25.3%

ROE

13.6%

Revenue CAGR (2y)

+26.1%

Profit CAGR (2y)

+24.4%

EPS (FY2025)

4.08

Net profit (FY2025)

$330.1M

Ask MarketChacha about VCTR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.3B	$330.1M	4.08	25.3%	13.6%
FY2024	$893.5M	$288.9M	4.38	32.3%	25.8%
FY2023	$821.0M	$213.2M	3.12	26.0%	20.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$435.4M	$139.4M	1.68	32.0%
2026Q1	$388.0M	$112.1M	1.33	28.9%
2025Q3	$361.2M	$96.5M	1.11	26.7%
2025Q2	$351.2M	$58.7M	0.68	16.7%
2025Q1	$219.6M	$62.0M	0.96	28.2%
2024Q3	$225.6M	$82.0M	1.24	36.3%
2024Q2	$219.6M	$74.3M	1.12	33.8%
2024Q1	$215.9M	$55.7M	0.84	25.8%
2023Q3	$209.7M	$52.0M	0.77	24.8%
2023Q2	$204.2M	$56.7M	0.83	27.7%
2023Q1	$201.3M	$49.3M	0.71	24.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC9/11/2026material
8-K — Material agreement, Unregistered equity sale, Exhibits
SEC8/31/2026material
8-K — Other events, Exhibits
SEC8/26/2026material
8-K — Other events, Exhibits
SEC8/12/2026material
10-Q filing
SEC8/6/2026
8-K — Results of operations, Exhibits
SEC8/5/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC7/23/2026material
8-K — Other events, Exhibits
SEC7/13/2026material
8-K — Other events, Exhibits
SEC6/9/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/21/2026material
8-K — Shareholder vote results
SEC5/12/2026material
8-K — Other events, Exhibits
SEC5/12/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC5/6/2026material
8-K — Other events, Exhibits
SEC4/13/2026material
8-K — Other events, Exhibits
SEC3/24/2026material
8-K — Other events, Exhibits
SEC3/23/2026material
8-K — Other events, Exhibits
SEC3/17/2026material
8-K — Executive/director change, Exhibits
SEC3/16/2026material
8-K — Other events, Exhibits
SEC3/11/2026material
8-K — Other events, Exhibits
SEC2/26/2026material
10-K filing
SEC2/26/2026
8-K — Other events, Exhibits
SEC2/11/2026material
8-K — Results of operations, Exhibits
SEC2/4/2026material
8-K — Other events, Exhibits
SEC1/13/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.