VCTR Profit Margins - Victory Capital Holdings, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	44.50%	32.02%
2026-03-31	—	41.03%	28.90%
2025-12-31	—	40.94%	30.15%
2025-09-30	—	38.24%	26.73%
2025-06-30	—	26.83%	16.72%
2025-03-31	—	42.31%	28.22%
2024-12-31	—	48.09%	33.11%
2024-09-30	—	53.35%	36.34%
2024-06-30	—	50.36%	33.81%
2024-03-31	—	39.29%	25.80%
2023-12-31	—	41.94%	26.83%
2023-09-30	—	38.18%	24.80%
2023-06-30	—	42.86%	27.75%
2023-03-31	—	37.04%	24.47%
2022-12-31	—	39.50%	25.94%
2022-09-30	—	47.59%	35.11%
2022-06-30	—	55.24%	36.67%
2022-03-31	—	44.14%	30.99%
2021-12-31	—	39.20%	30.44%
2021-09-30	—	43.75%	32.78%
2021-06-30	—	42.93%	31.22%
2021-03-31	—	42.15%	30.62%
2020-12-31	—	38.77%	27.39%
2020-09-30	—	42.72%	29.55%
2020-06-30	—	36.18%	24.59%
2020-03-31	—	44.33%	27.96%
2019-12-31	—	29.37%	17.20%
2019-09-30	—	25.85%	12.09%
2019-06-30	—	24.87%	15.74%
2019-03-31	—	25.29%	16.61%
2018-12-31	—	26.84%	14.50%
2018-09-30	—	29.43%	19.05%
2018-06-30	—	28.43%	17.89%
2018-03-31	—	25.98%	10.03%
2017-12-31	—	24.61%	10.24%
2017-09-30	—	23.68%	7.67%
2017-06-30	—	19.26%	2.33%
2017-03-31	—	19.43%	4.38%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	36.63%	25.27%
2024-12-31	—	47.85%	32.33%
2023-12-31	—	40.01%	25.96%
2022-12-31	—	46.69%	32.23%
2021-12-31	—	41.99%	31.27%
2020-12-31	—	40.59%	27.41%
2019-12-31	—	26.88%	15.10%
2018-12-31	—	27.70%	15.41%
2017-12-31	—	21.81%	6.25%
2016-12-31	—	8.22%	-2.04%
2015-12-31	—	13.80%	1.58%