Quarterly ResultMay 7, 2026, 08:58 AM
Victory Capital Q1 Revenue +76.7% to $388M; EPS $1.34
AI Summary
Victory Capital Holdings reported robust financial results for the first quarter of 2026, with total revenue surging 76.7% to $387.99 million and net income increasing 80.9% to $112.14 million. This significant growth was largely driven by the acquisition of Amundi US, which contributed $158 million in revenue. The company also saw a substantial increase in basic EPS to $1.34 and repurchased $127.23 million in common stock during the quarter.
Key Highlights
- Total revenue increased by 76.7% to $387.99 million for Q1 2026, up from $219.60 million in Q1 2025.
- Net income rose by 80.9% to $112.14 million in Q1 2026, compared to $61.98 million in Q1 2025.
- Basic earnings per share (EPS) grew 38.1% to $1.34 in Q1 2026, from $0.97 in Q1 2025.
- The Pioneer Investments (Amundi US) acquisition contributed $158 million in revenue for Q1 2026.
- Net cash provided by operating activities increased to $120.95 million in Q1 2026, from $81.09 million in Q1 2025.
- The company repurchased $127.23 million of common stock in Q1 2026.
- Dividends declared per share of common stock increased to $0.49 in Q1 2026, from $0.47 in Q1 2025.
- Restructuring and integration costs were $3.15 million in Q1 2026.