Victory Capital Holdings (VCTR) Operating Margin (2016 - 2026)
Victory Capital Holdings' Operating Margin came in at 44.50% for Q2 2026, up 17.68 percentage points from 26.83% a year earlier and up 3.47 percentage points from the prior quarter.
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Analysis
Victory Capital Holdings (VCTR) Operating Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Victory Capital Holdings reported Operating Margin of 41.33%, up 0.58 percentage points year-over-year; for FY2025, it came in at 36.63%, down 11.22 percentage points from FY2024.
- Operating Margin carries a five-year change of -3.96 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 47.85% in FY2024 (+7.84 pp), 40.01% in FY2023 (-6.68 pp), 46.69% in FY2022 (+4.70 pp) and 41.99% in FY2021 (+1.40 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q4 2024.
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -0.63 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2026 (a gain of 17.68 percentage points), and the weakest in Q2 2025 (a drop of 23.53 percentage points).
- Business Quant data shows VCTR's Operating Margin at 41.03% (Q1 2026), 40.94% (Q4 2025) and 38.24% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | - |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | -53.96% |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | - |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | - |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 16.30% |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 71.79% |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 76.73% |
| 10 | Victory Capital Holdings | 6.97 Bn | 6.55 Bn | - | 44.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.50% |
| Mar 31, 2026 | 41.03% |
| Dec 31, 2025 | 40.94% |
| Sep 30, 2025 | 38.24% |
| Jun 30, 2025 | 26.83% |
| Mar 31, 2025 | 42.31% |
| Dec 31, 2024 | 48.09% |
| Sep 30, 2024 | 53.35% |
| Jun 30, 2024 | 50.36% |
| Mar 31, 2024 | 39.29% |
| Dec 31, 2023 | 41.94% |
| Sep 30, 2023 | 38.18% |
| Jun 30, 2023 | 42.86% |
| Mar 31, 2023 | 37.04% |
| Dec 31, 2022 | 39.50% |
| Sep 30, 2022 | 47.59% |
| Jun 30, 2022 | 55.24% |
| Mar 31, 2022 | 44.14% |
| Dec 31, 2021 | 39.20% |
| Sep 30, 2021 | 43.75% |
API Access
Victory Capital Holdings Operating Margin 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-margin&ticker=VCTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=VCTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();