Victory Capital (NASDAQ:VCTR) reported record second-quarter results for 2026, with total client assets reaching $346 billion as of June 30, an 11% increase from Q1 and a 15% increase year-over-year. The company achieved net long-term inflows of $4.2 billion and long-term gross flows of $22 billion, marking a 17% sequential and 43% year-over-year rise.
Revenue for the quarter surged to $435.4 million, reflecting a 12% increase from the previous quarter and a 24% rise from last year. Adjusted net income stood at $182.9 million, or $2.21 per diluted share, up 21% sequentially and 41% year-over-year. The company also reported an adjusted EBITDA margin of 55.8%, along with $110 million in net run-rate expense synergies realized from its acquisition of Pioneer Investments.
Victory Capital’s ETF business showed robust growth, with assets under management climbing 24% year-to-date to $23.2 billion. The company announced a quarterly cash dividend of $0.50 per share, payable on September 25, and has returned $138 million to shareholders in Q2, including the repurchase of 1.1 million shares.
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