Victory Capital reported mixed third quarter 2026 results, characterized by a beat on adjusted earnings but a miss on total revenue. The quarter was defined by record organic growth, with total client assets reaching an all-time high of $355.5 billion, supported by record inflows across multiple distribution channels.
Key Highlights
- Record quarterly long-term net inflows reached $11.7 billion, representing a significant 14% annualized organic growth rate.
- Total Assets Under Management (AUM) finished the period at $351.9 billion, a sequential increase of $9.4 billion from the second quarter.
- Adjusted EBITDA margin remained industry-leading at 53.5%, though it contracted 230 basis points from the prior quarter due to shifting asset mix.
- The company returned $81 million to shareholders during the quarter, including $39 million in share repurchases and $42 million in dividends.