Victory Capital — Third Quarter 2026 Earnings Summary

Victory Capital Holdings reported record third-quarter 2026 results with total client assets reaching $355.5 billion and long-term net inflows of $11.7 billion. The company achieved a GAAP operating margin of 34.7% and an adjusted EBITDA margin of 53.5%, while announcing a definitive agreement to acquire First Eagle Investments. Financial performance included GAAP net income of $91.3 million and adjusted net income with tax benefit of $163.2 million for the quarter. Additionally, the Board declared a regular quarterly cash dividend of $0.50 per share, and the company returned $81 million to shareholders through share repurchases and dividends.