Earnings Releases·Nov 4, 2026, 4:50 PM ET

Victory Capital — Third Quarter 2026 Earnings Summary

Total revenue increased 9.8% year-over-year to $396.6 million driven by higher average AUM, while GAAP net income declined 5.4% to $91.3 million; adjusted EBITDA rose 11.4% to $212.1 million and adjusted net income increased 15.5% to $163.2 million.
The company reported record total client assets of $355.5 billion and long-term net inflows of $11.7 billion, with management highlighting an annualized organic growth rate of approximately 14% for long-term net flows.
Victory Capital announced a definitive agreement to acquire First Eagle Investments, expected to close by the end of Q1 2027, subject to regulatory approvals and client consents.
Shareholder returns totaled $81 million for the quarter, comprising $39 million in share repurchases and a declared quarterly cash dividend of $0.50 per share.