Victory Capital Holdings (VCTR) Operating Expenses (2016 - 2026)

Victory Capital Holdings has reported Operating Expenses for 11 years, with the latest figure at $228.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 80.6% year-over-year to $228.8 million; the trailing twelve-month figure through Mar 2026 stood at $929.8 million (up 101.43% YoY), and the FY2025 full-year result was $827.7 million, up 77.63% from the prior year.
• Operating Expenses for Q1 2026 stood at $228.8 million, up from $220.9 million in the prior quarter.
• The five-year high for Operating Expenses was $257.0 million in Q2 2025, with the low at $96.7 million in Q2 2022.
• Historically, Operating Expenses has averaged $145.3 million across 5 years, with a median of $126.7 million in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses decreased 23.66% — and 2025, when it jumped 135.73%.
• Victory Capital Holdings' Operating Expenses stood at $121.9 million in 2022, then decreased by 2.0% to $119.5 million in 2023, then increased by 0.96% to $120.6 million in 2024, then surged by 83.17% to $220.9 million in 2025, then rose by 3.56% to $228.8 million in 2026.
• The last three Operating Expenses figures came in at $228.8 million (Q1 2026), $220.9 million (Q4 2025), and $223.1 million (Q3 2025), per Business Quant data.