Filing Flows › Victory Capital Holdings (VCTR) › Operating margin
Victory Capital Holdings (VCTR) operating margin by quarter
Victory Capital Holdings' operating margin was 34.7% in Q3 2026 (third quarter 2026), -9.8 pts from Q2 2026. Over the last 7 quarters it ranged from 26.8% (Q2 2025) to 44.5% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 34.7% | -9.8 pts | -3.5 pts |
| Q2 2026 | 44.5% | +3.5 pts | +17.7 pts |
| Q1 2026 | 41.0% | +0.1 pts | -1.3 pts |
| Q4 2025 | 40.9% | +2.7 pts | — |
| Q3 2025 | 38.2% | +11.4 pts | — |
| Q2 2025 | 26.8% | -15.5 pts | — |
| Q1 2025 | 42.3% | — | — |
Q3 2026 at a glance
Victory Capital Holdings, Q3 2026: revenue $397M (+10% year over year), operating margin 34.7%, net earnings $91.3M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
Questions
What is Victory Capital Holdings' operating margin?
Victory Capital Holdings' operating margin was 34.7% in Q3 2026 (third quarter 2026), -9.8 pts from Q2 2026.
How has Victory Capital Holdings' operating margin changed?
Over the last 7 quarters it ranged from 26.8% (Q2 2025) to 44.5% (Q2 2026).
Q3 2026 results → · How Victory Capital Holdings makes money →