Victory Capital Holdings reported second-quarter revenue of $435.36 million, a 24% increase from the prior year and 12.82% above the Zacks Consensus Estimate of $385.88 million. Earnings per share came in at $2.21, surpassing the consensus estimate of $1.81 by 22.1% and up from $1.57 a year ago. Investment management fees, a key revenue component, reached $362.24 million, exceeding the $310.27 million analyst estimate and rising 28.3% year-over-year, while fund administration and distribution fees were $73.12 million, slightly below the $75.6 million estimate. Total ending assets under management stood at $342.45 billion, matching analyst projections, with fixed income assets at $83.41 billion, money market and short-term assets at $3.59 billion, and solutions assets at $105.64 billion, all in line with estimates. Net client cash flows for fixed income were $2.67 billion, above the $2.3 billion estimate.
Victory Capital Holdings IncQ2 revenue and EPS beat estimates significantly, with investment management fees up 28.3%.
