Victory Capital Holdings (VCTR) Net Margin (2016 - 2026)
Victory Capital Holdings posted quarterly Net Margin of 22.04% for Q1 2026, down 618.0% year-on-year from 4.26% in Q1 2025, and down 6.48% on a QoQ basis from 23.57% in Q4 2025.
Victory Capital Holdings (VCTR) has 11 years of Net Margin data on file, last reported 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.
- Across five years, Net Margin topped out at 36.67% in Q2 2022 and bottomed at 13.12% in Q2 2025.
- The 5-year median for Net Margin is 26.83% (2023), against an average of 27.6%.
- The widest annual swing landed in 2024, when Net Margin soared 1153 bps; it then slumped 2069 bps in 2025.
- A 5-year view of Net Margin shows it stood at 25.94% in 2022, then grew by 3 bps to 26.83% in 2023, then gained by 23 bps to 33.11% in 2024, then fell by 29 bps to 23.57% in 2025, then fell 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Victory Capital Holdings | 5.39 Bn | 5.32 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% |
| Mar 31, 2021 | 30.62% |
| Dec 31, 2020 | 27.39% |
| Sep 30, 2020 | 29.55% |
| Jun 30, 2020 | 24.59% |
| Mar 31, 2020 | 27.96% |
| Dec 31, 2019 | 17.20% |
| Sep 30, 2019 | 12.09% |
| Jun 30, 2019 | 15.74% |
| Mar 31, 2019 | 16.61% |
| Dec 31, 2018 | 14.50% |
| Sep 30, 2018 | 19.05% |
| Jun 30, 2018 | 17.89% |
| Mar 31, 2018 | 10.03% |
| Dec 31, 2017 | 10.61% |
| Sep 30, 2017 | 7.67% |
| Jun 30, 2017 | 2.33% |
| Mar 31, 2017 | 4.38% |
| Dec 31, 2016 | 6.70% |