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- Victory Capital Holdings
Victory Capital Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Victory Capital Holdings and similar public comparables like Federated Hermes, E-L Financial, Southwest Securities, HuaAn Securities and more.
Victory Capital Holdings Overview
About Victory Capital Holdings
Victory Capital Holdings Inc is an independent investment management firm. The company operates its business through franchises and solutions platform. It provides centralized distribution, marketing, and operations infrastructure to the company's franchises and solutions platform. The company operates through one business segment that is Investment management services and products to institutional, intermediary, retirement platforms, and individual investors. The franchises and solutions platform manages a variety of investment strategies for its customers. It derives majority of its revenues from asset-based fees from investment management products and services to individuals and institutions.
Founded
2013
HQ

Employees
460
Website
Sectors
Financials (LTM)
EV
$5B
Victory Capital Holdings Financials
Victory Capital Holdings reported last 12-month revenue of $1B and EBITDA of $695M.
In the same LTM period, Victory Capital Holdings generated $695M in EBITDA and $527M in net income.
Revenue (LTM)
Victory Capital Holdings P&L
In the most recent fiscal year, Victory Capital Holdings reported revenue of $1B and EBITDA of $670M.
Victory Capital Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $711M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $695M | XXX | $670M | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 51% | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 50% | XXX | XXX | XXX |
| Net Profit | $527M | XXX | $514M | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| Net Debt | — | — | $806M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Victory Capital Holdings Stock Performance
Victory Capital Holdings has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Victory Capital Holdings' stock price is $68.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 0.0% | XXX | XXX | XXX | $8.02 |
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Start Free TrialVictory Capital Holdings Valuation Multiples
Victory Capital Holdings trades at 3.8x EV/Revenue multiple, and 7.5x EV/EBITDA.
EV / Revenue (LTM)
Victory Capital Holdings Financial Valuation Multiples
As of April 10, 2026, Victory Capital Holdings has market cap of $4B and EV of $5B.
Equity research analysts estimate Victory Capital Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Victory Capital Holdings has a P/E ratio of 8.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBIT | 7.8x | XXX | 8.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.3x | XXX | XXX | XXX |
| P/E | 8.3x | XXX | 8.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 13.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Victory Capital Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Victory Capital Holdings Margins & Growth Rates
Victory Capital Holdings' revenue in the last 12 month grew by 12%.
Victory Capital Holdings' revenue per employee in the last FY averaged $2.8M, while opex per employee averaged $1.4M for the same period.
Victory Capital Holdings' rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Victory Capital Holdings' rule of X is 88% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Victory Capital Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 88% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 13% | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | 49% | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Victory Capital Holdings Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Federated Hermes | XXX | XXX | XXX | XXX | XXX | XXX |
| E-L Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| HuaAn Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Argo Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Victory Capital Holdings M&A Activity
Victory Capital Holdings acquired XXX companies to date.
Last acquisition by Victory Capital Holdings was on XXXXXXXX, XXXXX. Victory Capital Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Victory Capital Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialVictory Capital Holdings Investment Activity
Victory Capital Holdings invested in XXX companies to date.
Victory Capital Holdings made its latest investment on XXXXXXXX, XXXXX. Victory Capital Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Victory Capital Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Victory Capital Holdings
| When was Victory Capital Holdings founded? | Victory Capital Holdings was founded in 2013. |
| Where is Victory Capital Holdings headquartered? | Victory Capital Holdings is headquartered in United States. |
| How many employees does Victory Capital Holdings have? | As of today, Victory Capital Holdings has over 460 employees. |
| Who is the CEO of Victory Capital Holdings? | Victory Capital Holdings' CEO is David C. Brown. |
| Is Victory Capital Holdings publicly listed? | Yes, Victory Capital Holdings is a public company listed on Nasdaq. |
| What is the stock symbol of Victory Capital Holdings? | Victory Capital Holdings trades under VCTR ticker. |
| When did Victory Capital Holdings go public? | Victory Capital Holdings went public in 2018. |
| Who are competitors of Victory Capital Holdings? | Victory Capital Holdings main competitors are Federated Hermes, E-L Financial, Southwest Securities, HuaAn Securities. |
| What is the current market cap of Victory Capital Holdings? | Victory Capital Holdings' current market cap is $4B. |
| What is the current revenue of Victory Capital Holdings? | Victory Capital Holdings' last 12 months revenue is $1B. |
| What is the current revenue growth of Victory Capital Holdings? | Victory Capital Holdings revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Victory Capital Holdings? | Current revenue multiple of Victory Capital Holdings is 3.8x. |
| Is Victory Capital Holdings profitable? | Yes, Victory Capital Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Victory Capital Holdings? | Victory Capital Holdings' last 12 months EBITDA is $695M. |
| What is Victory Capital Holdings' EBITDA margin? | Victory Capital Holdings' last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of Victory Capital Holdings? | Current EBITDA multiple of Victory Capital Holdings is 7.5x. |
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