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

Victory Capital Holdings (VCTR) has reported Operating Margin for 11 consecutive years, with 44.5% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 1768.0% year-over-year to 44.5%; the trailing twelve-month figure through Jun 2026 stood at 41.33% (up 58.0% YoY), and the FY2025 full-year result was 36.63%, down 1122.0% from the prior year.
• Operating Margin advanced to 44.5% in Q2 2026 per VCTR's latest filing, from 41.03% in the prior quarter.
• Across five years, Operating Margin topped out at 55.24% in Q2 2022 and bottomed at 26.83% in Q2 2025.
• Historically, Operating Margin has averaged 42.86% across 5 years, with a median of 42.13% in 2023.
• The sharpest annual moves came in 2025 and 2026: Operating Margin slumped 2353 bps in 2025, then jumped 1768 bps in 2026.
• Over 5 years, Operating Margin stood at 39.5% in 2022, then grew by 6 bps to 41.94% in 2023, then advanced by 15 bps to 48.09% in 2024, then decreased by 15 bps to 40.94% in 2025, then rose by 9 bps to 44.5% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 44.5%, 41.03%, and 40.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.