Victory Capital Holdings (VCTR) Net Margin (2016 - 2026)
Victory Capital Holdings (VCTR) reported Net Margin of 22.04% for Q1 2026, down 618.0% on a YoY basis from 4.26% in Q1 2025, and down 6.48% quarter-over-quarter from 23.57% in Q4 2025.
Victory Capital Holdings (VCTR) Net Margin (2016 - 2026) Analysis & Trends
Victory Capital Holdings has reported Net Margin for 11 years, with the latest figure at 22.04% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 618.0% year-over-year to 22.04%; the trailing twelve-month figure through Mar 2026 stood at 19.95% (down 1295.0% YoY), and the FY2025 full-year result was 20.68%, down 1165.0% from the prior year.
- Net Margin for Q1 2026 stood at 22.04%, down from 23.57% in the prior quarter.
- The five-year high for Net Margin was 36.67% in Q2 2022, with the low at 13.12% in Q2 2025.
- Historically, Net Margin has averaged 27.6% across 5 years, with a median of 26.83% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin soared 1153 bps — and 2025, when it plunged 2069 bps.
- Victory Capital Holdings' Net Margin 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Victory Capital Holdings | 5.54 Bn | 5.46 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% |