Victory Capital Holdings (VCTR) Operating Expenses (2016 - 2026)
Victory Capital Holdings' Operating Expenses came in at $241.61 million for Q2 2026, down 6.0% from $257 million a year earlier but up 5.6% from the prior quarter.
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Analysis
Victory Capital Holdings (VCTR) Operating Expenses (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Victory Capital Holdings reported Operating Expenses of $914.43 million, up 50.0% year-over-year; for FY2025, it came in at $827.71 million, up 77.6% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 12.4% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $465.96 million in FY2024 (-5.4%), $492.57 million in FY2023 (+8.1%), $455.69 million in FY2022 (-11.8%) and $516.42 million in FY2021 (+12.1%).
- The five-year range for quarterly Operating Expenses is $96.68 million (Q2 2022) to $257 million (Q2 2025).
- Year-over-year, Operating Expenses increased in five of the last eight quarters, with growth averaging 48.0%.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2025 (growth of 135.7%), and the weakest in Q2 2022 (a decline of 23.7%).
- Business Quant data shows VCTR's Operating Expenses at $228.8 million (Q1 2026), $220.95 million (Q4 2025) and $223.07 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | 149.76 Mn |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | 2.38 Bn |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | 14.94 Bn |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 7.80 Mn |
| 10 | Victory Capital Holdings | 6.97 Bn | 6.55 Bn | - | 241.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 241.61 Mn |
| Mar 31, 2026 | 228.80 Mn |
| Dec 31, 2025 | 220.95 Mn |
| Sep 30, 2025 | 223.07 Mn |
| Jun 30, 2025 | 257.00 Mn |
| Mar 31, 2025 | 126.69 Mn |
| Dec 31, 2024 | 120.63 Mn |
| Sep 30, 2024 | 105.27 Mn |
| Jun 30, 2024 | 109.02 Mn |
| Mar 31, 2024 | 131.05 Mn |
| Dec 31, 2023 | 119.48 Mn |
| Sep 30, 2023 | 129.64 Mn |
| Jun 30, 2023 | 116.70 Mn |
| Mar 31, 2023 | 126.76 Mn |
| Dec 31, 2022 | 121.91 Mn |
| Sep 30, 2022 | 108.62 Mn |
| Jun 30, 2022 | 96.68 Mn |
| Mar 31, 2022 | 128.48 Mn |
| Dec 31, 2021 | 139.30 Mn |
| Sep 30, 2021 | 127.29 Mn |
API Access
Victory Capital Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VCTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VCTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VCTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();