The strong EPS beat and record gross flows signal accelerating momentum, but net outflows remain negative. Listen to the conference call for guidance on flow trends and M&A pipeline.
Price Chart
Executive Summary
Victory Capital reported record Q1 2026 revenue of $388.0M (+76.7% YoY) and adjusted EPS of $1.82, beating consensus of $1.63 by 11.7%. Record long-term gross flows of $18.9B and improved net outflows highlighted the quarter, while the dividend was increased to $0.50/share and 2M shares were repurchased.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $388.0M, up 76.7% YoY and 3.7% sequentially.
- Adjusted net income with tax benefit per diluted share $1.82, consensus $1.63.
- GAAP diluted EPS $1.33 vs $0.96 YoY.
- Record long-term gross flows of $18.9 billion.
- Long-term net outflows improved to $457M from $2.1B in Q4 2025.
- Quarterly dividend increased to $0.50 per share from $0.49.
- Repurchased 2 million shares for $185 million in the quarter.
- Integration of Pioneer Investments substantially complete; $104M of $110M synergies achieved.
Financial Impact
Revenue $388.0M, adjusted EPS $1.82 vs consensus $1.63, record gross flows
Risk Factors
- Continued net outflows could pressure AUM growth.
- Market depreciation impacted ending AUM; equity market volatility is a key risk.
- Integration of Pioneer Investments is substantially complete but remaining synergies need to be delivered.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-209164 |
| Document: vctr-20260506.htm | 0001193125-26-209164 |
| Document: 0001193125-26-209164-index-headers.html | 0001193125-26-209164 |
| Document: 0001193125-26-209164-index.html | 0001193125-26-209164 |
| Document: 0001193125-26-209164.txt | 0001193125-26-209164 |
| 8-K Data (Synthetic) | 0001193125-26-209164 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | DEFM14A | $108.60 | awaiting T+60 | — | $110.63 (+1.87%) |
Oct 13, 2026 14d ago | 8-K | $109.58 | awaiting T+60 | — | $110.63 (+0.96%) |
Aug 31, 2026 8w ago | DEFA14A | $113.08 | awaiting T+60 | — | $110.63 (−2.17%) |
Aug 26, 2026 8w ago | DEFA14A | $121.13 | awaiting T+60 | — | $110.63 (−8.67%) |
Aug 26, 2026 8w ago | DEFA14A | $121.13 | awaiting T+60 | — | $110.63 (−8.67%) |
Aug 12, 2026 10w ago | 8-K | $116.23 | awaiting T+60 | — | $110.63 (−4.82%) |
Jul 23, 2026 13w ago | 8-K | $97.20 $107.71 | ▲ +10.81% | ▲ +7.52% | $110.63 (+13.82%) |
Jul 13, 2026 15w ago | 8-K | $91.98 $113.85 | ▲ +23.78% | ▲ +19.78% | $110.63 (+20.28%) |
Jun 11, 2026 19w ago | Institutional Cluster | $86.42 $113.73 | ▲ +31.60% | ▲ +27.21% | $110.63 (+28.01%) |
Jun 9, 2026 20w ago | 8-K | $89.12 $111.37 | ▲ +24.97% | ▲ +21.15% | $110.63 (+24.14%) |
US Market Status
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