Short answer
Victory Capital Holdings, Inc. (VCTR) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $361M (up 60.1% year over year) with net income of $97M.
Q3 2025 key financials · XBRL
- Revenue
- $361M
- +60.1% YoY · +2.8% QoQ
- Net income
- $97M
- +17.8% YoY · +64.4% QoQ
- Operating margin
- 38.2%
- EPS (diluted)
- $1.14
- −8.1% YoY · +81.0% QoQ
Source: XBRL data from the Victory Capital Holdings, Inc. (VCTR) Q3 2025 10-Q on SEC EDGAR. USD.
Victory Capital Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Acquisition integration complexity of Pioneer Investments (Closed April 1, 2025), impacting operational scalability and cost structure
- Most updated risk: Asset divestiture from closure of three Investment Franchises in Q3 2025, approx. $1 billion, affecting AUM and revenue stability
- Regulatory risk: Post-closing adjustment and share forfeiture by Amundi impacting 26.1% ownership, requiring continued compliance and shareholder governance
- Market risk: Net outflows in U.S. mid cap (-$1.4B), small cap (-$1.2B), and large cap (-$2.0B) equity strategies for Q3 2025 impacting near-term AUM performance
- Financial risk: Increased leverage for acquisition reflected in acquisition-related and restructuring costs ($34.9M and $25.4M nine months 2025), pressuring liquidity and cost management
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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