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Victory Capital (NASDAQ: VCTR) achieved record first-quarter results for 2026, reporting total revenue of $388 million, a 77% increase year-over-year. Long-term gross flows reached $18.9 billion, marking an 11% rise from the previous quarter and 104% from the same quarter last year. As of March 31, the firm managed $313 billion in total client assets.
The company’s adjusted EBITDA soared to $204 million, with a margin of 52.6%, while adjusted net income with tax benefit was $153.2 million, or $1.82 per diluted share. Victory’s ETF platform saw assets exceed $20 billion, a 53% increase year-over-year, and net ETF flows were $1.3 billion for the quarter. The international distribution channel reported $55 billion in assets across 60 countries, with positive net flows since the Pioneer acquisition.
Victory returned $185 million to shareholders through share repurchases and dividends during the quarter, with an increased quarterly dividend of $0.50 per share set for June 25, 2026. The company has completed approximately $104 million of the anticipated $110 million in synergies from the Pioneer acquisition, indicating successful integration efforts moving forward.
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