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

Victory Capital Holdings' Operating Expenses history runs 11 years deep, the most recent figure standing at $228.8 million for Q1 2026.

• Quarterly Operating Expenses rose 80.6% year-over-year to $228.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $929.8 million (up 101.43% YoY) and the FY2025 annual result came in at $827.7 million, up 77.63% from the prior year.
• Operating Expenses was $228.8 million for Q1 2026 at Victory Capital Holdings, up from $220.9 million in the prior quarter.
• Across five years, Operating Expenses topped out at $257.0 million in Q2 2025 and bottomed at $96.7 million in Q2 2022.
• A 5-year average of $145.3 million and a median of $126.7 million in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses declined 23.66% — and 2025, when it jumped 135.73%.
• Victory Capital Holdings' Operating Expenses stood at $121.9 million in 2022, then dropped by 2.0% to $119.5 million in 2023, then gained by 0.96% to $120.6 million in 2024, then jumped by 83.17% to $220.9 million in 2025, then advanced by 3.56% to $228.8 million in 2026.
• Business Quant data shows VCTR's Operating Expenses at $228.8 million in Q1 2026, $220.9 million in Q4 2025, and $223.1 million in Q3 2025.