VCTR Victory Capital (VCTR) Q2 FY26 earnings call
Victory Capital delivered a record-breaking Q2 FY26, driven by strong investment performance, diversified product offerings, and successful integration of the Pioneer acquisition. The company achieved record AUM, net long-term inflows, adjusted EBITDA, and EPS, while also completing the Pioneer integration and realizing full expense synergies. Management expressed confidence in continued organic growth and strategic acquisitions to reach its $1 trillion AUM goal, supported by a strong balance sheet and updated long-term EBITDA margin guidance of 50%.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
VCTR operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Assets under management (AUM) VictoryShares ETF | $20B+ETF AUM ended the quarter at over $20 billion, up 7% quarter-over-quarter and 53% year-over-year.Source: earnings call transcript | $23.2BETF AUM ended the quarter at $23.2 billion, up 24% year-to-date and 54% year-over-year.Source: earnings call transcript | — |
| Net new assets VictoryShares ETF | $1.3BNet flows for the quarter were $1.3 billion, continuing the strong organic growth trajectory.Source: earnings call transcript | $1.2BNet flows of $1.2 billion in Q2 bring our year-to-date total to $2.5 billion, representing an annualized organic growth rate of 27%.Source: earnings call transcript | -7.7% |
| Assets under management (AUM) International | $55BAt quarter end, we had $55 billion of assets under management from clients outside the US across 60 countries with 29 of those countries now having more than $100 million in assets under management in Victory products.Source: earnings call transcript | $62.6BAt quarter end, we had $62.6 billion in AUM from clients outside the United States across 61 countries, with 35 of those countries now having more than $100 million in Victory Capital AUM.Source: earnings call transcript | +13.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.