{ "ok": true, "cik": "1570827", "ticker": "VCTR", "name": "Victory Capital Holdings, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-11", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000119312526388709/0001193125-26-388709-index.htm" }, { "form": "8-K", "filed": "2026-08-31", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000110465926103936/0001104659-26-103936-index.htm" }, { "form": "8-K", "filed": "2026-08-26", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000110465926101533/0001104659-26-101533-index.htm" }, { "form": "8-K", "filed": "2026-08-12", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000119312526346020/0001193125-26-346020-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000119312526337010/0001193125-26-337010-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1570827/000119312526335319/0001193125-26-335319-index.htm" } ], "events12m": 27, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001570827.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1570827" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Victory Capital Holdings, Inc. ($VCTR). Last filing: 8-K (8.01 Other Events), 2026-09-11. 27 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-03-06.", "auditor": { "changes": [ { "filed": "2025-03-06", "url": "https://www.sec.gov/Archives/edgar/data/1570827/000095017025034637/0000950170-25-034637-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 1306131000, "revenueGrowth1y": 0.4618518439758381, "revenueGrowthPerYear": 0.10056794474755404, "yearsOfData": 5, "operatingMargin": 0.36629021131877276, "operatingMarginPrior": 0.47848349761661463, "netMargin": 0.25270206434117254, "operatingCashFlow": 385485000, "capitalSpending": 4157000, "freeCashFlow": 381328000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 163690000, "longTermDebt": 970014000, "longTermDebtChange": 0.0063826564383697715, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 890265000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 854800000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 821028000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 893477000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 1306131000 } ], "totalEquity": 2424729000, "totalAssets": 4247850000, "equityRatio": 0.570813234930612, "returnOnEquity": 0.13612325336150968, "dividendsPaid": 156961000, "payoutRatio": 0.4755500481727675, "dividendPerShare": 1.94, "dividendYearsRising": 6, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 1357482183.307921, "high": 2011900225.6570432, "baseline": 1706880652.9711063, "n": 4599, "band": "b1" }, "ifPaceHeld": { "low": 1357482183.307921, "high": 2011900225.6570432 } }, "edgarette": "🔖 Exposure: revenue $1.3B (FY2025), total debt $970.0M. Experience: revenue up 46.2% on the year, up 10.1% a year over 4 years; operating margin 36.6%, down from 47.8%. Soundness: equity 57.1% of assets, return on equity 13.6%, payout 47.6% of profit, dividend per share up 6 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.4B and $2.0B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (22 filers, $50M+ revenue, investment advice): operating margin 36.6% against a 20.8% median; growth 46.2% against 7.5%.", "peers": { "sic": 6282, "sicDescription": "Investment Advice", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6282", "growth": [ 0.0749, 39 ], "opMargin": [ 0.2083, 22 ], "equityRatio": [ 0.2782, 29 ], "returnOnEquity": [ 0.1455, 26 ], "payoutRatio": [ 0.5476, 27 ] }, "summary": "Victory Capital Holdings (VCTR) grew revenue 46.2% in FY2025 to $1.3 billion, operating margin 36.6% against a 20.8% median for investment advice, equity 57.1% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Victory Capital Holdings, Inc. against its own record and its peers
Operating marginPeer median 20.8%36.6%Revenue, on the yearPeer median 7.5%46.2%Equity of assetsPeer median 27.8%57.1%Return on equityPeer median 14.5%13.6%Payout of profitPeer median 54.8%47.6%Gold tick: the median of 26–29 peers with $50M+ revenue in investment advice
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit47.6% paid out52.4% keptHanded back per share$1.94up 6 years runningGrowth its own profit can fund7.1%retained x return on equityRevenue growth it managed46.2%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 7, "hits": 4, "rate": 0.5714285714285714, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:24:25.604Z", "hash": "6ed03d51a0ffb61c", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Victory Capital Holdings (VCTR) grew revenue 46.2% in FY2025 to $1.3 billion, operating margin 36.6% against a 20.8% median for investment advice, equity 57.1% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 1306131000, "totalDebt": 970014000, "cash": 163690000 }, "experience": { "revenueGrowth1y": 0.4618518439758381, "revenueGrowthPerYear": 0.10056794474755404, "operatingMargin": 0.36629021131877276, "operatingMarginPrior": 0.47848349761661463, "netMargin": 0.25270206434117254, "freeCashFlow": 381328000 }, "soundness": { "equityRatio": 0.570813234930612, "returnOnEquity": 0.13612325336150968, "payoutRatio": 0.4755500481727675, "dividendPerShare": 1.94, "dividendYearsRising": 6, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6282, "sicDescription": "Investment Advice", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6282", "growth": [ 0.0749, 39 ], "opMargin": [ 0.2083, 22 ], "equityRatio": [ 0.2782, 29 ], "returnOnEquity": [ 0.1455, 26 ], "payoutRatio": [ 0.5476, 27 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-03-06", "url": "https://www.sec.gov/Archives/edgar/data/1570827/000095017025034637/0000950170-25-034637-index.htm" } }, "range": { "low": 1357482183.307921, "high": 2011900225.6570432, "baseline": 1706880652.9711063, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4599, "sizeBand": "b1" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 7, "hits": 4, "rate": 0.5714285714285714, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:24:25.604Z", "hash": "6ed03d51a0ffb61c", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001570827.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1570827" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }