Victory Capital Holdings, Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2026, disclosing financial results including revenue, balance sheet positions, and share count data as of that date.

Key Highlights

  • Q2 2026 total revenue: $435,361 thousand for the three months ended June 30, 2026, compared with $351,212 thousand for the same period in 2025.
  • Six-month total revenue: $678,612 thousand in investment management fees and $144,738 thousand in fund administration and distribution fees for the six months ended June 30, 2026.
  • Total assets: $4,175,221 thousand as of June 30, 2026, down from $4,247,850 thousand as of December 31, 2025.
  • Long-term debt, net: $967,974 thousand as of June 30, 2026, compared with $970,014 thousand at year-end 2025.
  • Retained earnings: $1,266,590 thousand as of June 30, 2026, up from $1,097,701 thousand at December 31, 2025.
  • Shares outstanding: 61,509,572 shares of common stock as of July 31, 2026, per the filing's cover page.
  • Treasury stock: 26,993 thousand shares held at cost of $1,028,046 thousand as of June 30, 2026, up from 23,717 thousand shares at $786,008 thousand at year-end 2025.

Victory Capital Reports Higher Revenue and Retained Earnings in First Half of 2026

According to the filing, Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported total revenue of $435,361 thousand for the three months ended June 30, 2026, compared with $351,212 thousand for the three months ended June 30, 2025. Investment management fees for the second quarter of 2026 were $362,243 thousand, up from $282,306 thousand in the prior-year quarter. Fund administration and distribution fees were $73,118 thousand for the quarter, compared with $68,906 thousand in Q2 2025.

For the six months ended June 30, 2026, the company reported investment management fees of $678,612 thousand and fund administration and distribution fees of $144,738 thousand, compared with $455,607 thousand and $115,207 thousand, respectively, for the same period in 2025. The company's condensed consolidated balance sheet showed total assets of $4,175,221 thousand as of June 30, 2026, with goodwill of $1,235,940 thousand and other intangible assets, net, of $2,441,447 thousand unchanged and slightly reduced, respectively, from December 31, 2025 levels.

The filing disclosed that cash and cash equivalents declined to $70,126 thousand from $163,690 thousand at December 31, 2025. Total stockholders' equity was $2,375,062 thousand as of June 30, 2026, compared with $2,424,729 thousand at year-end 2025, reflecting an increase in treasury stock to $1,028,046 thousand from $786,008 thousand. Retained earnings rose to $1,266,590 thousand from $1,097,701 thousand over the same period. The filing noted that as of June 30, 2026, 61,561 thousand shares of common stock were outstanding, with 88,554 thousand shares issued and 26,993 thousand shares held as treasury stock.

What Was Disclosed

Victory Capital Holdings filed its Form 10-Q for the quarter ended June 30, 2026, reporting higher year-over-year revenue, a reduction in total assets and stockholders' equity, increased treasury stock balances, and a rise in retained earnings compared with December 31, 2025.