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Sep 30, 2021
Victory Capital Q3 2021 Earnings Report
Reported record financial results driven by sequential growth in revenue and earnings.
Key Takeaways
Victory Capital reported record third-quarter financial results, marked by sequential growth in revenue and earnings. The company's adjusted EBITDA margins exceeded 50% for the past five consecutive quarters. Additionally, the third quarter marked the second consecutive quarter of achieving positive net flows.
Total Assets Under Management (AUM) of $159.9 billion
Long-term gross flows of $5.7 billion
GAAP operating margin expands to 43.7%
Adjusted EBITDA margin expands to 50.8%
Forward Guidance
Victory Capital is focused on generating strong investment performance and serving clients. The company plans to become a leader in the growing SMA market segment with the acquisition of WestEnd Advisors and continued to allocate capital to reduce debt.
Positive Outlook
- Focus on generating strong investment performance
- Serving clients
- Becoming a leader in the growing SMA market segment
- Acquisition of WestEnd Advisors
- Continued allocation of capital to reduce debt
Historical Earnings Impact
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Avg. Return Before/After Earnings
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