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Dec 31, 2020
Victory Capital Q4 2020 Earnings Report
Victory Capital achieved record financial results due to strong business performance and strategic initiatives.
Key Takeaways
Victory Capital reported record fourth quarter and full year 2020 financial results, driven by strong business performance and strategic initiatives. The company's adjusted EBITDA margin reached a record 52% during the fourth quarter, resulting in record adjusted quarterly earnings of $1.07 per share. The board authorized a 29% increase in the regular quarterly cash dividend.
Total Assets Under Management (AUM) reached $147.2 billion.
GAAP operating margin was 39%.
Adjusted EBITDA margin reached a record 52%.
GAAP net income was $0.75 per diluted share.
Forward Guidance
Victory Capital is on track to close the THB Asset Management acquisition later in the first quarter, expecting to integrate their ESG-focused investment strategies into their integrated operating and distribution platform.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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