Victory Capital (VCTR) Q2 Revenue Up 60%

Victory Capital (NASDAQ:VCTR), a diversified global asset manager, released its earnings on August 7, 2025. The company posted standout financial results thanks to its acquisition of Amundi US, which nearly doubled assets under management and drove GAAP revenue to $351.2 million—exceeding analyst expectations by $14.4 million or 4.3% (GAAP revenue). Non-GAAP diluted earnings per share hit $1.57, also surpassing estimates. However, GAAP operating margin dropped to 26.8% from 50.4% in Q2 2024, as integration and restructuring costs weighed on profitability. The quarter was marked by record growth in scale, but also by sustained margin pressure and modest net outflows, making it a transformative but challenging period for the company.

Source: Analyst estimates for the quarter provided by FactSet.

Victory Capital operates a global asset management platform offering equity, fixed income, alternative investments, and solutions strategies through multiple autonomous investment franchises. Its business is organized to minimize risk by diversifying assets across client types, investment vehicles like mutual funds and exchange-traded funds (ETFs), and geographic regions.

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Source Fool.com