# Victory Capital Holdings, Inc. (VCTR) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Victory Capital Holdings, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/VCTR/mda/fy2025/): filed 2026-02-26; accession 0001193125-26-077057 (https://www.sec.gov/Archives/edgar/data/1570827/000119312526077057/vctr-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/VCTR/mda/fy2024/): filed 2025-02-28; accession 0000950170-25-029770 (https://www.sec.gov/Archives/edgar/data/1570827/000095017025029770/vctr-20241231.htm)
- [FY 2023 MD&A](/company/VCTR/mda/fy2023/): filed 2024-02-29; accession 0000950170-24-022869 (https://www.sec.gov/Archives/edgar/data/1570827/000095017024022869/vctr-20231231.htm)
- [FY 2022 MD&A](/company/VCTR/mda/fy2022/): filed 2023-03-06; accession 0000950170-23-006124 (https://www.sec.gov/Archives/edgar/data/1570827/000095017023006124/vctr-20221231.htm)
- [FY 2021 MD&A](/company/VCTR/mda/fy2021/): filed 2022-03-14; accession 0001564590-22-010087 (https://www.sec.gov/Archives/edgar/data/1570827/000156459022010087/vctr-10k_20211231.htm)

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