Victory Capital doubles AUM to $310B with Pioneer acquisition, driving 77% revenue surge

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

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  Pioneer Investments acquisition (closed April 2025) nearly doubled AUM from $167.5B to $309.8B, expanded investment strategies from 125 to 179, and increased non-US client assets tenfold to $55B (18% of total).

  MD&A: Pioneer Investments acquisition verify on EDGAR →
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  Revenue jumped 77% to $388M and net income rose 81% to $112M year-over-year, though preferred stock issued for acquisition financing reduced common shareholder net income to $85.5M from headline $112M.

  MD&A: Financial performance verify on EDGAR →
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  One-year investment performance improved sharply, with 71% of AUM outperforming benchmarks versus 47% prior year, while three-year and five-year metrics also strengthened.

  MD&A: Investment performance verify on EDGAR →