Q4: 2026-02-04 Earnings Summary
EPS of $1.78 beats by $0.12
| Revenue of $374.12M (61.00% Y/Y) beats by $913.16K
Victory Capital Holdings, Inc. (VCTR) UBS Financial Services Conference 2026 February 10, 2026 12:10 PM EST
Company Participants
David Brown – Chairman of the Board of Directors & CEO
Presentation
Unknown Analyst
[Audio Gap] I’m the U.S. Asset Manager and Broker Analyst at UBS. I’m pleased to introduce David Brown, Chairman and CEO of Victory Capital. Victory had a very successful 2025 with record highs in gross sales revenue, EPS and AUM, which ended the year at $317 billion of AUM. So from one Brown to another, Dave, welcome.
David Brown
Chairman of the Board of Directors & CEO
Thank you. We [ are not related ]. Just…
Unknown Analyst
Thanks for clarifying that.
David Brown
Chairman of the Board of Directors & CEO
Thank you for having me.
Question-and-Answer Session
Unknown Analyst
Of course, of course. Thank you for being here. So as I just mentioned, 2025 really marked a big step forward for Victory with the successful Pioneer transaction. When you look out over the next 12 to 24 months, what’s the 2 or 3 biggest drivers for Victory? And kind of what’s the biggest risk to that plan?
David Brown
Chairman of the Board of Directors & CEO
Sure. Well, so let me start off and say, when we look out 2 years, I mean, first, we really do want to complete Amundi Pioneer acquisition integration. So we’re well into that. I think we had announced that we had $97 million of our planned $110 million of net expense synergies completed. That’s probably a good guide on how far we are through the completion of it. So around 90% complete. So we want to complete that first of all. I think the second piece is we want to continue to build out our distribution platform from that perspective. We’ve integrated, we’ve trained. We’ve expanded our partnerships on the intermediary side. And so getting our distribution platform
