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Victory Capital Holdings Inc

Victory Capital Reports December 2025 Total Client Assets

Schedules Fourth-Quarter Financial Results Conference Call for February 5

SAN ANTONIO--(BUSINESS WIRE)--Jan. 13, 2026-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $313.8 billion, Other Assets of $2.8 billion, and Total Client Assets of $316.6 billion, as of December 31, 2025.

For the month of December, Average Total AUM was $314.5 billion, average Other Assets was $2.8 billion, and average Total Client Assets was $317.3 billion.

For the fourth quarter, the Company reported long-term AUM net flows of -$2.1 billion.

Victory Capital Holdings, Inc.

Total Client Assets (unaudited; in millions) 1

 

 

As of:

By Asset Class

Dec. 31, 2025

Nov. 30, 2025

Solutions

$

91,228

$

90,131

Fixed Income

 

80,544

 

80,827

U.S. Mid Cap Equity

 

29,993

 

31,024

U.S. Small Cap Equity

 

11,179

 

12,242

U.S. Large Cap Equity

 

63,380

 

63,624

Global / Non-U.S. Equity

 

30,680

 

30,229

Alternative Investments

 

3,038

 

2,993

Total Long-Term Assets

$

310,042

$

311,070

Money Market / Short Term Assets

 

3,733

 

3,777

Total Assets Under Management 2

$

313,775

$

314,846

 

 

 

 

 

By Vehicle

 

 

 

 

Mutual Funds3

$

172,203

$

173,496

Separate Accounts and Other Pooled Vehicles4

 

126,523

 

126,671

ETFs5

 

15,049

 

14,679

Total Assets Under Management 2

$

313,775

$

314,846

 

 

 

 

 

Other Assets 6

 

 

 

 

Institutional

$

2,846

$

2,818

Total Other Assets

$

2,846

$

2,818

 

 

 

 

 

Total Client Assets

 

 

 

 

Total Assets Under Management

$

313,775

$

314,846

Total Other Assets

 

2,846

 

2,818

Total Client Assets

$

316,621

$

317,664

 

 

 

 

By Region

 

 

 

 

U.S.

$

261,821

$

263,706

Non-U.S.

 

54,799

 

53,958

Total Client Assets

$

316,621

$

317,664

Fourth-Quarter Conference Call and Webcast Details

Victory Capital will report fourth-quarter 2025 financial results after the market closes on Wednesday, February 4, 2026. The Company will host a conference call the following morning, Thursday, February 5, at 8:00 a.m. ET to discuss the results. Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.

To participate in the conference call, please call 1-800-715-9871 (domestic) or 1-646-307-1963 (international), shortly before 8:00 a.m. ET and reference the Victory Capital Conference Call. A live, listen-only webcast will also be available via the investor relations section of the Company’s website at https://ir.vcm.com. For anyone who is unable to join the live event, an archive of the webcast will be available for replay, at the same location, shortly after the call concludes.

1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

3Includes institutional and retail share classes, money market and VIP funds.

4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.

6Includes low-fee (2 to 4 bps) institutional assets. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

About Victory Capital

Victory Capital (NASDAQ: VCTR) is a diversified global asset management firm with $316.6 billion in total client assets, as of December 31, 2025. We serve institutional, intermediary, and individual clients through our Investment Franchises and Solutions Platform, which manage specialized investment strategies across traditional and alternative asset classes. Our differentiated approach combines the power of investment autonomy with the support of a robust, fully integrated operational and distribution platform. Clients have access to focused, top-tier investment talent equipped with comprehensive resources designed to deliver competitive long-term performance.

Victory Capital is headquartered in San Antonio, Texas. To learn more, visit www.vcm.com or follow us on Facebook, Twitter (X), and LinkedIn.

Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com

Media:
Jessica Davila
Director of Global Communications
210-694-9693
Jessica_davila@vcm.com

Source: Victory Capital Holdings, Inc.