• Victory Capital Holdings recently reported Total Client Assets of about US$316.60 billion as of December 31, 2025, alongside long-term Assets Under Management net outflows of US$2.10 billion in the fourth quarter, and it has already scheduled its fourth-quarter 2025 results release and conference call for early February 2026.
• This combination of broadly stable overall asset levels with continued long-term net outflows raises fresh questions about the strength and durability of the firm’s organic growth profile.
• Against this backdrop of stable overall assets but renewed long-term outflows, we’ll examine how the update influences Victory Capital’s investment narrative.

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Victory Capital Holdings Investment Narrative Recap

To own Victory Capital today, you need to be comfortable with an asset manager whose overall client assets look steady at about US$316.60 billion, while long term AUM continues to leak out. The latest US$2.10 billion in quarterly outflows reinforces that organic growth is still the key short term catalyst and also the biggest near term risk, but the update itself does not materially change that core debate.

The most relevant near term milestone is the upcoming fourth quarter 2025 results release on February 4, 2026, followed by the conference call on February 5. Those events should give investors better clarity on how long term outflows are affecting fee rates, margins and the broader growth story, especially in light of prior acquisitions and product expansion efforts.

Yet behind the steady headline asset figure, investors should be aware that persistent long term net outflows could...

Victory Capital Holdings' narrative projects $1.8 billion revenue and $735.1 million earnings by 2028. This requires 20.4% yearly revenue growth and a $470.5 million earnings increase from $264.6 million today.

Uncover how Victory Capital Holdings' forecasts yield a $73.67 fair value, a 9% upside to its current price.

Exploring Other Perspectives

Three Simply Wall St Community fair value estimates for Victory Capital cluster between US$66.35 and US$73.67, showing how far individual views can stretch. Against that spread, the recent US$2.10 billion in long term net outflows highlights why you may want to compare several different takes on the company’s growth prospects before deciding how it might fit in your portfolio.

Explore 3 other fair value estimates on Victory Capital Holdings - why the stock might be worth just $66.35!

Build Your Own Victory Capital Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Victory Capital Holdings research is our analysis highlighting 2 key rewards that could impact your investment decision.
• Our free Victory Capital Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Victory Capital Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.