VICTORY ENTERPRISES
$16.55M
2025-2026 cycle
VICTORY ENTERPRISES is a strategy & research vendor. In the 2025-2026 cycle VICTORY ENTERPRISES was paid $16.55M across 97 client committees, of which $2.17M flowed through Independent Expenditures rather than direct committee payments.
Part I Identity
Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.
Source split
$16.55M
=
$14.38M
(Schedule B)
+
$2.17M
(Independent Expenditures)
| Schedule B direct committee payments |
$14,378,898 | 1,127 rows | 86.9% |
| Independent Expenditures money this entity spent supporting candidates, NOT a committee paying them |
$2,168,522 | 142 rows | 13.1% |
- Activity span ALL TIME
- Aug 16, 2000 → May 12, 2026
- spans 25.7 years
- Disbursements ALL TIME
- 1,127
- Schedule B + IE rows
- Client committees ALL TIME
- 97
- distinct payers
Part II Activity in selected window
One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.
Spend trajectory
Monthly spend to this vendor over the last 12 months.
Jun 2025
May 2026
$505K
across 12 months
Top buyers
Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 1 months · top 1
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 3 months · top 1
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 6 months · top 6
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| BINKLEY, RYAN TX · House REP |
$155,525 | 10 |
| GRAHAM, LINDSEY O. SC · Senate REP |
$29,260 | 1 |
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
| ORTIZ FOR SUPERIOR COURT JUDGE 2026; DIANE 1487121 |
$7,285 | 1 |
| ARENHOLZ, ASHLEY HINSON IA · Senate REP |
$947 | 1 |
| YOUNG, TODD CHRISTOPHER IN · Senate REP |
$551 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| BINKLEY, RYAN TX · House REP |
$383,649 | 29 |
| GRAHAM, LINDSEY O. SC · Senate REP |
$30,756 | 2 |
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
| OORAH! POLITICAL ACTION COMMITTEE C00551853 |
$11,785 | 2 |
| ORTIZ FOR SUPERIOR COURT JUDGE 2026; DIANE 1487121 |
$7,285 | 1 |
| ROGERS, MICHAEL J MI · Senate REP |
$5,327 | 1 |
| YOUNG, TODD CHRISTOPHER IN · Senate REP |
$4,300 | 2 |
| WILSON, JOE THE HON. SC · House REP |
$3,470 | 1 |
| HOUCHIN, ERIN IN · House REP |
$2,410 | 1 |
| GRANTHAM, TRAVIS W. AZ · House REP |
$1,312 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 18 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| BINKLEY, RYAN TX · House REP |
$383,649 | 29 |
| FEENSTRA, RANDALL IA · House REP |
$143,097 | 4 |
| GRAHAM, LINDSEY O. SC · Senate REP |
$30,756 | 2 |
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
| AFC VICTORY FUND 00088032 |
$19,898 | 1 |
| OORAH! POLITICAL ACTION COMMITTEE C00551853 |
$11,785 | 2 |
| ROGERS, MICHAEL J MI · Senate REP |
$10,440 | 2 |
| YOUNG, TODD CHRISTOPHER IN · Senate REP |
$7,550 | 3 |
| ORTIZ FOR SUPERIOR COURT JUDGE 2026; DIANE 1487121 |
$7,285 | 1 |
| SMITH, JASON T MO · House REP |
$5,602 | 2 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| AFC VICTORY FUND 00088032 |
$458,634 | 14 |
| BINKLEY, RYAN TX · House REP |
$383,649 | 29 |
| REPUBLICAN PARTY OF IOWA C00014498 |
$198,878 | 9 |
| FEENSTRA, RANDALL IA · House REP |
$143,097 | 4 |
| HOVDE, ERIC WI · Senate REP |
$35,022 | 4 |
| CAAG PAC C00877670 |
$31,103 | 5 |
| GRAHAM, LINDSEY O. SC · Senate REP |
$30,756 | 2 |
| HILTON FOR GOVERNOR 2026; STEVE 1480425 |
$25,250 | 1 |
| MILLER-MEEKS, MARIANNETTE JANE IA · House REP |
$18,730 | 7 |
| KANSAS REPUBLICAN PARTY C00004606 |
$13,093 | 2 |
By party
Revenue by party
D · 0%
R · 100%
| Party | Amount | % |
|---|---|---|
| Democratic | $13,378 | 0.08% |
| Republican | $14,131,998 | 85.40% |
| Non-partisan | $2,402,044 | 14.52% |
Part III Reference tables
Full all-time and cycle-to-date data.
Cycle-over-cycle trajectory
current cycle earlier election cycle off-cycle year quarterly · 10 years
Per-quarter totals
| Year | Q | Cycle | Total | Txns | Top buyer · share | Top category · share | Cum. (cycle) | YoY % |
|---|---|---|---|---|---|---|---|---|
| 2017 | Q1 | 2018 | $18K | 9 | C00083428 61% | Strategy & Research 100% | $18K | — |
| 2017 | Q2 | 2018 | $27K | 19 | C00083428 54% | Strategy & Research 100% | $45K | — |
| 2017 | Q3 | 2018 | $30K | 26 | C00083428 59% | Strategy & Research 100% | $75K | — |
| 2017 | Q4 | 2018 | $31K | 25 | C00083428 58% | Strategy & Research 100% | $106K | — |
| 2018 | Q1 | 2018 | $47K | 26 | BAIRD, JAMES R DR. 39% | Strategy & Research 100% | $153K | — |
| 2018 | Q2 | 2018 | $83K | 36 | C00641126 41% | Strategy & Research 100% | $236K | — |
| 2018 | Q3 | 2018 | $192K | 37 | C00083428 58% | Strategy & Research 100% | $428K | — |
| 2018 | Q4 | 2018 | $278K | 40 | C00083428 36% | Strategy & Research 100% | $707K | — |
| 2019 | Q1 | 2018 | $308 | 1 | 742080 100% | Strategy & Research 100% | $707K | — |
| 2019 | Q1 | 2020 | $33K | 26 | FEENSTRA, RANDALL 48% | Strategy & Research 100% | $33K | +83% |
| 2019 | Q2 | 2020 | $65K | 30 | FEENSTRA, RANDALL 49% | Strategy & Research 100% | $98K | +140% |
| 2019 | Q3 | 2018 | $56K | 4 | HOUSTON PROFESSIONAL FIRE F… 93% | Strategy & Research 100% | $763K | — |
| 2019 | Q3 | 2020 | $92K | 32 | FEENSTRA, RANDALL 43% | Strategy & Research 100% | $190K | +209% |
| 2019 | Q4 | 2018 | $18K | 4 | OCHOA-BOGH FOR SENATE 2020;… 43% | Strategy & Research 100% | $781K | — |
| 2019 | Q4 | 2020 | $122K | 36 | FEENSTRA, RANDALL 61% | Strategy & Research 100% | $311K | +288% |
| 2020 | Q1 | 2020 | $464K | 56 | C00722413 41% | Strategy & Research 100% | $775K | +895% |
| 2020 | Q2 | 2020 | $703K | 54 | FEENSTRA, RANDALL 53% | Strategy & Research 100% | $1.48M | +744% |
| 2020 | Q3 | 2020 | $719K | 49 | FEENSTRA, RANDALL 46% | Strategy & Research 100% | $2.2M | +274% |
| 2020 | Q4 | 2020 | $1.3M | 49 | WILSON, JOE THE HON. 46% | Strategy & Research 100% | $3.49M | +366% |
| 2021 | Q1 | 2020 | $155 | 1 | OCHOA BOGH FOR SENATE 2024;… 100% | Strategy & Research 100% | $3.49M | -50% |
| 2021 | Q1 | 2022 | $64K | 15 | REINVENTING A NEW DIRECTION… 43% | Strategy & Research 100% | $64K | +94% |
| 2021 | Q2 | 2020 | $155 | 1 | OCHOA BOGH FOR SENATE 2024;… 100% | Strategy & Research 100% | $3.49M | — |
| 2021 | Q2 | 2022 | $57K | 11 | FEENSTRA, RANDALL 92% | Strategy & Research 100% | $121K | -12% |
| 2021 | Q3 | 2020 | $10K | 2 | TOTH STEVEN H HONORABLE STE… 98% | Strategy & Research 100% | $3.5M | -83% |
| 2021 | Q3 | 2022 | $100K | 15 | FEENSTRA, RANDALL 72% | Strategy & Research 100% | $222K | +9% |
| 2021 | Q4 | 2020 | $3K | 2 | PHELAN MATTHEW M HONORABLE … 95% | Strategy & Research 100% | $3.51M | -83% |
| 2021 | Q4 | 2022 | $80K | 21 | FEENSTRA, RANDALL 26% | Strategy & Research 100% | $301K | -35% |
| 2022 | Q1 | 2022 | $172K | 29 | WALKER, HERSCHEL MR. 21% | Strategy & Research 100% | $474K | -63% |
| 2022 | Q2 | 2022 | $387K | 62 | C00807099 29% | Strategy & Research 100% | $861K | -45% |
| 2022 | Q3 | 2022 | $175K | 27 | YAKYM, RUDY C. III 34% | Strategy & Research 100% | $1.04M | -76% |
| 2022 | Q4 | 2022 | $66K | 16 | FEENSTRA, RANDALL 39% | Strategy & Research 100% | $1.1M | -95% |
| 2023 | Q1 | 2022 | $155 | 1 | OCHOA BOGH FOR SENATE 2024;… 100% | Strategy & Research 100% | $1.1M | +0% |
| 2023 | Q1 | 2024 | $46K | 13 | FEENSTRA, RANDALL 54% | Strategy & Research 100% | $46K | -28% |
| 2023 | Q2 | 2022 | $155 | 1 | OCHOA BOGH FOR SENATE 2024;… 100% | Strategy & Research 100% | $1.1M | +0% |
| 2023 | Q2 | 2024 | $984K | 33 | BINKLEY, RYAN 96% | Strategy & Research 100% | $1.03M | +1625% |
| 2023 | Q3 | 2022 | $190 | 1 | OCHOA BOGH FOR SENATE 2024;… 100% | Strategy & Research 100% | $1.1M | -98% |
| 2023 | Q3 | 2024 | $3.12M | 77 | BINKLEY, RYAN 98% | Strategy & Research 100% | $4.15M | +3007% |
| 2023 | Q4 | 2022 | $14K | 4 | HOCHMAN FOR LA DISTRICT ATT… 45% | Strategy & Research 100% | $1.12M | +344% |
| 2023 | Q4 | 2024 | $1.1M | 44 | BINKLEY, RYAN 97% | Strategy & Research 100% | $5.25M | +1285% |
| 2024 | Q1 | 2024 | $1.4M | 49 | BINKLEY, RYAN 61% | Strategy & Research 100% | $6.65M | +714% |
| 2024 | Q2 | 2024 | $897K | 23 | FEENSTRA, RANDALL 87% | Strategy & Research 100% | $7.55M | +132% |
| 2024 | Q3 | 2024 | $345K | 22 | AFC VICTORY FUND 72% | Strategy & Research 100% | $7.9M | +97% |
| 2024 | Q4 | 2024 | $428K | 28 | AFC VICTORY FUND 48% | Strategy & Research 100% | $8.32M | +546% |
| 2025 | Q1 | 2026 | $66K | 6 | FEENSTRA, RANDALL 91% | Print & Mail 100% | $66K | +43% |
| 2025 | Q2 | 2026 | $92K | 7 | FEENSTRA, RANDALL 91% | Print & Mail 100% | $158K | -91% |
| 2025 | Q3 | 2026 | $41K | 11 | BINKLEY, RYAN 61% | Print & Mail 100% | $199K | -99% |
| 2025 | Q4 | 2026 | $240K | 19 | BINKLEY, RYAN 94% | Print & Mail 100% | $439K | -78% |
| 2026 | Q1 | 2026 | $170K | 12 | BINKLEY, RYAN 78% | Print & Mail 95% | $609K | -88% |
| 2026 | Q2 | 2026 | $25K | 1 | HILTON FOR GOVERNOR 2026; S… 100% | — | $634K | -97% |
Revenue by service category
No category revenue in this window.
No category revenue in this window.
Per-category breakdown · cycle-to-date
| Category | Total spend | Txns | Avg check | % of total | Top buyer · share | Last paid |
|---|---|---|---|---|---|---|
| Strategy & Research | $13,580,025 | 1,072 | $13K | 95.8% | BINKLEY, RYAN 44% | 3mo ago |
| Print & Mail | $601,011 | 53 | $11K | 4.2% | BINKLEY, RYAN 64% | 3mo ago |
Client retention
Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.
11
Anchor clients 3+ cycles
$4,951,056 · 34% of revenue
18
Repeat clients 2 cycles
$7,161,640 · 50% of revenue
68
One-time clients 1 cycle
$2,266,202 · 16% of revenue
Top 11 anchor clients · all-time
| Client | Cycles | All-time spend | Txns | First paid | Last paid |
|---|---|---|---|---|---|
| FEENSTRA, RANDALL | 4 | $3,147,280 | 102 | 2019-02-21 | 2025-06-04 |
| WILSON, JOE THE HON. | 4 | $742,867 | 33 | 2020-03-02 | 2025-12-01 |
| REPUBLICAN PARTY OF IOWA | 4 | $527,911 | 18 | 2017-04-27 | 2024-10-24 |
| MILLER-MEEKS, MARIANNETTE JANE | 3 | $336,229 | 40 | 2019-11-22 | 2024-09-30 |
| SMITH, JASON T | 5 | $62,211 | 21 | 2018-03-12 | 2025-03-17 |
| C00709881 | 3 | $50,363 | 21 | 2020-01-10 | 2023-03-09 |
| BAIRD, JAMES R DR. | 5 | $36,826 | 19 | 2018-01-19 | 2025-01-23 |
| C00304758 | 3 | $18,745 | 47 | 2017-04-05 | 2021-06-08 |
| RELY ON YOUR BELIEFS FUND | 3 | $12,000 | 42 | 2017-05-22 | 2021-04-02 |
| HOUCHIN, ERIN | 3 | $10,423 | 5 | 2022-03-28 | 2025-09-23 |
| CASSIDY, WILLIAM M. | 3 | $6,200 | 38 | 2017-08-18 | 2021-04-20 |
Geographic concentration
Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.
| State | Total spend | % of revenue | Clients | |
|---|---|---|---|---|
| TX | $6,949,173 | 48.7% | 15 | |
| IA | $4,192,381 | 29.4% | 10 | |
| Unknown | $1,276,877 | 9.0% | 22 | |
| SC | $1,142,327 | 8.0% | 6 | |
| CA | $311,361 | 2.2% | 18 | |
| WI | $67,733 | 0.5% | 3 | |
| IN | $66,584 | 0.5% | 4 | |
| MO | $62,211 | 0.4% | 1 | |
| VA | $59,377 | 0.4% | 1 | |
| KY | $47,958 | 0.3% | 2 | |
| GA | $45,162 | 0.3% | 3 | |
| FL | $35,750 | 0.3% | 1 |
Notable disbursements
5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.
| Reason | Date | Filer | Category | Purpose | Amount |
|---|---|---|---|---|---|
| Largest all-time | 2023-08-03 | BINKLEY, RYAN | Strategy & Research | ADVERTISING - TV | $597,550 |
| Largest all-time | 2020-10-06 | WILSON, JOE THE HON. | Strategy & Research | MEDIA BUY | $370,693 |
| Largest all-time | 2023-09-12 | BINKLEY, RYAN | Strategy & Research | ADVERTISING - TV | $300,000 |
| Largest all-time | 2023-07-13 | BINKLEY, RYAN | Strategy & Research | ADVERTISING - TV | $263,420 |
| Largest all-time | 2023-08-11 | BINKLEY, RYAN | Strategy & Research | HATS | $228,200 |
| Largest this cycle | 2025-01-07 | FEENSTRA, RANDALL | Print & Mail | CAMPAIGN CONSULTING, MEDIA PLACEMENT, DIRECT MAIL | $59,987 |
| Largest this cycle | 2025-11-17 | BINKLEY, RYAN | Print & Mail | STRATEGIC CAMPAIGN CONSULTING | $49,530 |
| Largest this cycle | 2025-10-15 | BINKLEY, RYAN | Print & Mail | STRATEGIC CAMPAIGN CONSULTING | $48,956 |
| Largest this cycle | 2026-01-30 | BINKLEY, RYAN | Print & Mail | STRATEGIC CAMPAIGN CONSULTING | $43,254 |
| Largest this cycle | 2026-01-08 | BINKLEY, RYAN | Print & Mail | STRATEGIC CAMPAIGN CONSULTING | $41,536 |
| Recent | 2026-02-19 | GRAHAM, LINDSEY O. | Print & Mail | CAMPAIGN SIGNS | $29,260 |
| Recent | 2026-05-12 | HILTON FOR GOVERNOR 2026; STEVE | — | — | $25,250 |
| Recent | 2026-02-24 | ORTIZ FOR SUPERIOR COURT JUDGE 2026; DIANE | Strategy & Research | — | $7,285 |
| Recent | 2026-02-06 | YOUNG, TODD CHRISTOPHER | Print & Mail | PRINTING | $551 |
| Recent | 2026-02-06 | BINKLEY, RYAN | Print & Mail | STRATEGIC CAMPAIGN CONSULTING | $422 |