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Victory Capital reported record financial results for Q4 2019, with revenue up 128% and adjusted net income with tax benefit up 170% compared to the previous year. The adjusted EBITDA margin reached a record high of 46.8%. Total AUM grew to $151.8 billion.
Total AUM reached $151.8 billion.
Long-term gross flows were $5.3 billion, with net outflows of $1.5 billion.
GAAP operating margin was 29.4%, with earnings of $0.51 per diluted share.
Adjusted net income with tax benefit was $0.99 per diluted share, and the adjusted EBITDA margin was 46.8%.
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