Victory Capital Holdings (VCTR) Net Margin (2016 - 2026)
Victory Capital Holdings (VCTR) posted Net Margin of 22.04% for Q1 2026, down 6.48% on a QoQ basis from 23.57% in Q4 2025, and down 618.0% year-over-year from 4.26% in Q1 2025.
Victory Capital Holdings (VCTR) Net Margin (2016 - 2026) Analysis & Trends
Victory Capital Holdings' Net Margin history runs 11 years deep, the most recent figure standing at 22.04% for 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 was 22.04% for Q1 2026 at Victory Capital Holdings, down from 23.57% in the prior quarter.
- Across five years, Net Margin topped out at 36.67% in Q2 2022 and bottomed at 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 tumbled 2069 bps.
- Victory Capital Holdings' Net Margin stood at 25.94% in 2022, then increased by 3 bps to 26.83% in 2023, then advanced by 23 bps to 33.11% in 2024, then retreated by 29 bps to 23.57% in 2025, then retreated by 6 bps to 22.04% in 2026.
- Business Quant data shows VCTR's Net Margin at 22.04% in Q1 2026, 23.57% in Q4 2025, and 20.58% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Victory Capital Holdings | 6.14 Bn | 6.06 Bn | - | 22.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 31.22% |