Victory Capital Holdings (VCTR) FY2024 results: revenue $893 million, up 8.8% on the year
Victory Capital Holdings, Inc. (VCTR) reported revenue of $893 million for fiscal 2024, the year ended 31 December 2024, up 8.8% on the year before. Net income was $289 million, up 35.5%, and diluted earnings per share $4.38. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$893 million
+8.8% on the year
FY2017FY2024
Operating margin
47.8%
40.0% a year earlier
FY2017FY2024
Net income
$289 million
+35.5% on the year
FY2017FY2024
Diluted EPS
$4.38
+40.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
340
330
335
+2.9%
Capital expenditure
1.3
5.2
5.2
-75.3%
Free cash flow
339
325
330
+4.2%
Free cash flow margin
37.9%
39.6%
38.6%
Cash from investing
-4.0
-7.8
-6.3
Cash from financing
-333
-237
-360
Depreciation and amortisation
30.2
41.6
43.2
-27.5%
Share-based compensation
15.2
16.5
n/a
-8.0%
Buybacks
104
139
101
-25.6%
Dividends paid
101
85.4
69.2
+18.4%
Dividend per share
$1.55
$1.28
$1.00
+21.5%
Diluted shares, weighted
66m
68m
72m
-3.4%
Shares outstanding at period end
64m
64m
67m
-0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,122
1,053
1,065
+6.5%
Debt
964
989
986
-2.6%
Operating lease liabilities
17.9
6.5
10.2
+176.5%
Other liabilities
444
494
480
-10.1%
Total liabilities and equity
2,548
2,543
2,541
+0.2%
Fixed assets
11.9
19.6
21.1
-39.4%
Goodwill
982
982
982
0.0%
Intangible assets
1,261
1,282
1,315
-1.7%
Securities held for sale or to maturity
0.6
0.5
0.5
+13.3%
Cash and equivalents
127
124
38.2
+2.6%
Other assets
166
135
185
+22.6%
Total assets
2,548
2,543
2,541
+0.2%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.