Growth Metrics

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

Victory Capital Holdings filings provide 10 years of Operating Expenses readings, the most recent being $220.9 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 83.17% to $220.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $827.7 million, a 77.63% increase, with the full-year FY2025 number at $827.7 million, up 77.63% from a year prior.
  • Operating Expenses hit $220.9 million in Q4 2025 for Victory Capital Holdings, down from $223.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $257.0 million in Q2 2025 to a low of $96.7 million in Q2 2022.
  • Median Operating Expenses over the past 5 years was $126.7 million (2021), compared with a mean of $137.9 million.
  • Biggest five-year swings in Operating Expenses: dropped 23.66% in 2022 and later soared 135.73% in 2025.
  • Victory Capital Holdings' Operating Expenses stood at $139.3 million in 2021, then dropped by 12.48% to $121.9 million in 2022, then dropped by 2.0% to $119.5 million in 2023, then grew by 0.96% to $120.6 million in 2024, then skyrocketed by 83.17% to $220.9 million in 2025.
  • The last three reported values for Operating Expenses were $220.9 million (Q4 2025), $223.1 million (Q3 2025), and $257.0 million (Q2 2025) per Business Quant data.