SuperworthVictory Capital profit margin VCTR
Gross, operating and net profit as a share of revenue over the last twelve months, from 2016.
- Net margin, 12 months
- 29.6%
- Operating margin, 12 months
- 41.3%
- Net margin on a year earlier
- +2.4 pts
- Peer median
- 21.3%
Over the twelve months to Jun 30, 2026, Victory Capital kept 29.6% of its revenue as net profit, with an operating margin of 41.3%.
Five years earlier its net margin was 29.7%.
The median for 10 asset managers of a similar size is 21.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 25.3% | 36.6% |
| FY2024 | 32.3% | 47.8% |
| FY2023 | 26.0% | 40.0% |
| FY2022 | 32.2% | 46.7% |
| FY2021 | 31.3% | 42.0% |
| FY2020 | 27.4% | 40.6% |
| FY2019 | 15.1% | 26.9% |
| FY2018 | 15.4% | 27.7% |
| FY2017 | 6.3% | 22.0% |
| FY2016 | −2.0% | 8.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 29.6% | +2.4 pts | 41.3% | |
| Q1 FY26 | 25.8% | −7.1 pts | 36.9% | |
| Q4 FY25 | 25.3% | −7.1 pts | 36.6% | |
| Q3 FY25 | 25.3% | −5.5 pts | 37.5% | |
| Q2 FY25 | 27.2% | −0.7 pts | 40.7% | |
| Q1 FY25 | 32.9% | +6.6 pts | 48.6% | |
| Q4 FY24 | 32.3% | +6.4 pts | 47.8% | |
| Q3 FY24 | 30.8% | +5.1 pts | 46.4% | |
| Q2 FY24 | 27.9% | −0.5 pts | 42.5% | |
| Q1 FY24 | 26.3% | −4.4 pts | 40.5% | |
| Q4 FY23 | 26.0% | −6.3 pts | 40.0% | |
| Q3 FY23 | 25.7% | −7.5 pts | 39.4% |
Against its peers
Companies in Asset Management nearest Victory Capital's size, closest first, today.
| Company | Profit margin |
|---|---|
| VCTRVictory Capital | 29.6% |
| DLBDolby Laboratories | 16.7% |
| MORNMorningstar | 16.4% |
| IDCCInterDigital | 38.3% |
| HLIHoulihan Lokey | 16.1% |
| HASIHA Sustainable Infrastructure Capital | 24.1% |
| HLNEHamilton Lane INC | 32.1% |
| EVREvercore | 15.7% |
| AMGAffiliated Managers | 37.7% |
| MCMoelis | n/m |
| FHIFederated Hermes | 21.3% |
| Peer median | 21.3% |
Where Victory Capital ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Victory Capital
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.