Victory Capital Q2 Earnings Call Highlights

Impact · against what's priced in

Victory Capital (VCTR) demonstrates strong operational momentum with record revenue, earnings, and a successful integration of Pioneer Investments. The combination of raised long-term margin guidance to 50% and a historically large pipeline of won but unfunded mandates suggests growth that likely exceeds current market expectations.

VCTR+0.70

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In context

The company achieved record Q2 revenue of $435.4 million and raised long-term adjusted EBITDA margin guidance to 50% following the completion of the Pioneer integration, while reporting a record pipeline of won but unfunded mandates.

Read from the article alone

• guidance▲17%
• m and a▲15%
• earnings▲5%
• VCTR
• asset management
• aum
• etf