Victory Capital Cash Flow Statement
NASDAQ: VCTRFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Victory Capital free cash flow
In fiscal 2025, Victory Capital generated $385.5 million of operating cash flow and spent $4.2 million on capital expenditures. That left free cash flow of $381.3 million, a free-cash-flow margin of 29.2% of revenue. Free cash flow was up 12.6% from the prior year's $338.7 million.
Victory Capital returned $352.6 million to shareholders: $157.0 million in dividends and $195.6 million in share repurchases, equal to 92% of free cash flow. Free cash flow covered dividend payments 2.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Victory Capital cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 330.06M | 288.86M | 213.16M | 275.51M | 278.39M | 212.52M | 92.49M | 63.70M | 25.83M | -6.07M |
| Net Income growth (YoY) | +14.26% | +35.52% | -22.63% | -1.03% | +30.99% | +129.78% | +45.19% | +146.67% | — | -259.76% |
| Depreciation & Amortization | 72.85M | 30.18M | 41.65M | 43.20M | 18.84M | 16.38M | 23.87M | 23.28M | 29.91M | 30.41M |
| Stock-Based Compensation | 20.44M | 15.22M | 16.55M | — | — | — | — | — | — | — |
| Change in Working Capital | — | — | — | — | — | -47.26M | 64.26M | 539.00K | -9.25M | 5.82M |
| Operating Cash Flow | 385.49M | 339.98M | 330.29M | 335.21M | 376.20M | 250.62M | 227.38M | 134.34M | 96.17M | 39.54M |
| Capital Expenditures | -4.16M | -1.28M | -5.17M | -5.25M | -12.67M | -8.06M | -5.24M | -2.55M | -5.11M | -1.16M |
| Investing Cash Flow | 76.58M | -3.98M | -7.84M | -6.32M | -556.59M | -12.34M | -849.81M | -11.55M | -8.53M | -210.08M |
| Dividends Paid | -156.96M | -101.12M | -85.43M | -69.20M | -37.16M | -16.24M | -7.44M | -831.00K | -135.17M | -627.00K |
| Share Repurchases | -195.62M | -103.58M | -139.30M | -101.18M | -31.53M | -29.88M | -15.54M | -8.18M | -4.65M | -10.53M |
| Debt Issued | — | — | 0 | 0 | 502.48M | — | 1.09B | 359.10M | 125.00M | 129.97M |
| Debt Repaid | -235.80M | — | — | — | — | -162.39M | -428.00M | -579.75M | -63.88M | -21.01M |
| Financing Cash Flow | -425.48M | -332.76M | -237.13M | -360.19M | 227.22M | -252.70M | 608.02M | -84.16M | -91.27M | 171.84M |
| Net Change in Cash | 36.96M | 3.18M | 85.38M | -31.36M | 46.79M | -14.38M | -14.37M | 38.57M | -3.52M | 1.30M |
| Free Cash Flow | 381.33M | 338.70M | 325.12M | 329.97M | 363.52M | 242.56M | 222.15M | 131.80M | 91.06M | 38.38M |
This table shows 10 annual periods of Victory Capital's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow VCTR's reporting calendar. What is a cash flow statement?