Victory Capital Holdings (VCTR) Net Margin (2016 - 2026)
Victory Capital Holdings' (VCTR) quarterly Net Margin came in at 22.04% in Q1 2026, down 618.0% YoY from 4.26% in Q1 2025, and down 6.48% on a QoQ basis from 23.57% in Q4 2025.
Victory Capital Holdings (VCTR) Net Margin (2016 - 2026) Analysis & Trends
Victory Capital Holdings (VCTR) has 11 years of Net Margin data on file, last reported at 22.04% in Q1 2026.
- Quarterly Net Margin fell 618.0% year-over-year to 22.04% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.95% (down 1295.0% YoY) and the FY2025 annual result came in at 20.68%, down 1165.0% from the prior year.
- Net Margin retreated to 22.04% in Q1 2026, from 23.57% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 36.67% in Q2 2022 to a low of 13.12% in Q2 2025.
- A 5-year average of 27.6% and a median of 26.83% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin soared 1153 bps — and 2025, when it plunged 2069 bps.
- Tracing VCTR's Net Margin over 5 years: stood at 25.94% in 2022, then climbed by 3 bps to 26.83% in 2023, then rose by 23 bps to 33.11% in 2024, then declined by 29 bps to 23.57% in 2025, then declined by 6 bps to 22.04% in 2026.
- The last three Net Margin figures came in at 22.04% (Q1 2026), 23.57% (Q4 2025), and 20.58% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.29 Bn | 165.42 Bn | - | 27.15% |
| 2 | Blackstone | 114.53 Bn | 112.02 Bn | - | 46.71% |
| 3 | Kkr | 96.64 Bn | -180.43 Bn | - | 11.53% |
| 4 | Brookfield | 93.26 Bn | 45.85 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 83.47 Bn | 81.97 Bn | - | 51.57% |
| 6 | Apollo Global Management | 78.22 Bn | 52.85 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 51.53 Bn | 51.53 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 51.10 Bn | 40.05 Bn | 4.72 Bn | 22.20% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 13.64% |
| 10 | Victory Capital Holdings | 7.18 Bn | 7.11 Bn | - | 24.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.21% |
| Mar 31, 2026 | 22.04% |
| Dec 31, 2025 | 23.57% |
| Sep 30, 2025 | 20.58% |
| Jun 30, 2025 | 13.12% |
| Mar 31, 2025 | 28.22% |
| Dec 31, 2024 | 33.11% |
| Sep 30, 2024 | 36.34% |
| Jun 30, 2024 | 33.81% |
| Mar 31, 2024 | 25.80% |
| Dec 31, 2023 | 26.83% |
| Sep 30, 2023 | 24.80% |
| Jun 30, 2023 | 27.75% |
| Mar 31, 2023 | 24.47% |
| Dec 31, 2022 | 25.94% |
| Sep 30, 2022 | 35.11% |
| Jun 30, 2022 | 36.67% |
| Mar 31, 2022 | 30.99% |
| Dec 31, 2021 | 30.44% |
| Sep 30, 2021 | 32.78% |