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Mar 31, 2023
Victory Capital Q1 2023 Earnings Report
Reported strong financial results, with solid Adjusted EBITDA margin and improved net flows compared to the previous quarter.
Key Takeaways
Victory Capital reported a decrease in revenue compared to the same quarter last year, but AUM increased compared to the previous quarter. The Adjusted EBITDA margin remained strong. The board authorized a new share repurchase plan and declared a dividend.
Total Assets Under Management of $158.6 billion.
Long-term gross flows of $5.8 billion.
GAAP operating margin of 37.0%.
Adjusted net income with tax benefit of $1.08 per diluted share.
Forward Guidance
This press release contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from those anticipated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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