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Sep 30, 2023
Victory Capital Q3 2023 Earnings Report
Victory Capital reported strong earnings driven by revenue increase and adjusted EBITDA margin expansion.
Key Takeaways
Victory Capital reported an increase in revenue and an expansion of the adjusted EBITDA margin. The firm's investment performance remained strong, with a significant percentage of AUM outperforming benchmarks. The company's cash position was bolstered by strategic financial actions, and the board authorized a regular quarterly cash dividend.
Total Assets Under Management (AUM) reached $153.5 billion.
Long-term gross flows amounted to $5.3 billion.
GAAP operating margin was 38%.
Adjusted EBITDA margin expanded to 51.1%.
Forward Guidance
The company is focused on serving clients and increasing financial flexibility to explore inorganic growth opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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