| Schedule of Disaggregation of Revenue by Type and Product |
In accordance with the revenue recognition standard requirements, the following table disaggregates our revenue by type and product:
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Three Months Ended June 30, |
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|
Six Months Ended June 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Investment management fees |
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|
|
|
|
|
|
|
|
|
|
|
Mutual funds (Victory Funds) |
|
$ |
195,214 |
|
|
$ |
175,308 |
|
|
$ |
384,324 |
|
|
$ |
289,649 |
|
ETFs (VictoryShares) |
|
|
15,892 |
|
|
|
9,834 |
|
|
|
30,920 |
|
|
|
18,563 |
|
Separate accounts and other vehicles |
|
|
91,102 |
|
|
|
78,103 |
|
|
|
177,970 |
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|
|
126,096 |
|
Performance-based fees |
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|
|
|
|
|
|
|
|
|
|
|
Mutual funds (Victory Funds III & IV) |
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|
4,134 |
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|
|
1,607 |
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|
|
8,488 |
|
|
|
3,798 |
|
Separate accounts and other vehicles |
|
|
55,901 |
|
|
|
17,454 |
|
|
|
76,910 |
|
|
|
17,501 |
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Total investment management fees |
|
$ |
362,243 |
|
|
$ |
282,306 |
|
|
$ |
678,612 |
|
|
$ |
455,607 |
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Fund administration and distribution fees |
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Administration fees |
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|
|
|
|
|
|
|
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|
Mutual funds (Victory Funds) |
|
|
33,906 |
|
|
|
32,333 |
|
|
|
66,827 |
|
|
|
59,178 |
|
ETFs (VictoryShares) |
|
|
1,603 |
|
|
|
1,218 |
|
|
|
3,086 |
|
|
|
2,312 |
|
Distribution fees |
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|
|
|
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|
|
|
|
|
|
|
Separate accounts and other vehicles |
|
|
1,129 |
|
|
|
1,033 |
|
|
|
2,387 |
|
|
|
1,033 |
|
Mutual funds (Victory Funds) |
|
|
24,270 |
|
|
|
21,552 |
|
|
|
47,801 |
|
|
|
26,899 |
|
Transfer agent fees |
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|
|
|
|
|
|
|
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|
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|
Mutual funds (Victory Funds III) |
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|
12,210 |
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|
|
12,770 |
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|
|
24,637 |
|
|
|
25,785 |
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Total fund administration and distribution fees |
|
$ |
73,118 |
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|
$ |
68,906 |
|
|
$ |
144,738 |
|
|
$ |
115,207 |
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|
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|
|
|
|
|
|
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Total revenue |
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$ |
435,361 |
|
|
$ |
351,212 |
|
|
$ |
823,350 |
|
|
$ |
570,814 |
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| Schedule of Balances of Receivables from Contracts with Customers |
The following table presents balances of receivables:
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(in thousands) |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Customer receivables |
|
|
|
|
|
|
Mutual funds (Victory Funds) |
|
$ |
90,026 |
|
|
$ |
91,191 |
|
ETFs (VictoryShares) |
|
|
6,615 |
|
|
|
5,499 |
|
Separate accounts and other vehicles |
|
|
142,078 |
|
|
|
80,193 |
|
Receivables from contracts with customers |
|
|
238,719 |
|
|
|
176,883 |
|
Non-customer receivables |
|
|
5,611 |
|
|
|
4,258 |
|
Total receivables |
|
$ |
244,330 |
|
|
$ |
181,141 |
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