Victory Capital Reports Strong Third Quarter 2026 Results, Highlighted by Record Gross Sales and Net Flows

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“We delivered record levels of both long-term gross sales of $30.5 billion and long-term net flows of $11.7 billion for the quarter, representing an annualized organic growth rate of approximately 14%.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Year to date, our long-term net flows reached $15.4 billion, and we achieved record quarter-end total client assets of $355.5 billion.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“The drivers of our record gross sales and net flows were broad-based.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Our U.S. intermediary, U.S. institutional and international channels each generated positive long-term net flows.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Net flows were positive across numerous asset classes, including fixed income, solutions and global equity, with contributions from multiple Investment Franchises and our Solutions Platform, driven by our VictoryShares ETF platform.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Together, these results showcase the breadth and depth of our product set and distribution, which allows us to align with client demand across market cycles.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Investment performance remained strong during the quarter.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Our margin reflects the durability of our platform and the discipline we apply across every dimension of our business.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Our strong cash generation also supported meaningful capital return.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“During the quarter, we returned $81 million to shareholders, including $39 million to repurchase shares of VCTR common stock, with the balance paid as dividends.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Acquiring First Eagle Investments is a transformational transaction that will add size and scale across our business and allow us to increase our distribution footprint inside and outside the United States.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Additionally, it will add a differentiated global value multi-asset capability, complementary equity and fixed income capabilities, a scaled CLO and alternative credit platform, along with a track record of years of positive net flows, including year to date through the end of September 2026, as well as strong investment performance.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“Our teams are deeply engaged in integration planning and working toward closing.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“We expect the transaction to close by the end of the first quarter of 2027, subject to customary closing conditions, including certain regulatory approvals and client consents.”

David C. Brown, Chairman and Chief Executive Officer of Victory Capital

“As always, we continue to focus on serving our clients, which is our top priority.”