VICI Properties Inc. (VICI)

VICI Financials

VICI Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	4.016B	1.010B	1.004B	1.007B	994.715M	977.852M	969.305M	957.845M	950.190M
Revenue	4.048B	1.019B	1.013B	1.015B	1.001B	984.204M	976.052M	964.669M	957.003M
Cost of Goods Sold	31.644M	8.403M	8.920M	7.702M	6.619M	6.352M	6.747M	6.824M	6.813M
Gross Profit Margin	99.2%	99.2%	99.1%	99.2%	99.3%	99.4%	99.3%	99.3%	99.3%
Total Operating Expenses	22.148M	-84.700M	190.562M	23.449M	-107.163M	222.326M	135.583M	5.155M	-6.917M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	66.198M	15.976M	19.317M	16.344M	14.561M	14.860M	20.691M	16.458M	15.768M
Operating Income (EBIT)	3.994B	1.095B	813.608M	984.039M	1.102B	755.526M	833.722M	952.690M	957.107M
Operating Margin	107.5%	107.5%	80.3%	96.9%	110.0%	76.8%	85.4%	98.8%	100.0%
Income Before Tax (EBT)	3.161B	889.928M	609.733M	777.505M	883.932M	549.809M	626.652M	746.942M	755.987M
Interest Income	136.899M	66.006M	64.719M	3.881M	2.293M	3.697M	4.079M	2.797M	3.926M
Interest Expense	830.947M	202.973M	203.844M	210.333M	213.797M	209.251M	208.121M	207.317M	205.777M
Other Income/Expense	-833.245M	-204.890M	-203.875M	-206.534M	-217.946M	-205.717M	-207.070M	-205.748M	-201.120M
Net Income	3.104B	872.390M	604.820M	762.040M	865.079M	543.607M	614.594M	732.898M	741.302M
Income Tax Expense	8.865M	3.974M	-4.558M	3.885M	5.564M	-2.456M	2.447M	2.461M	3.234M
Net Profit Margin	85.7%	85.7%	59.7%	75.1%	86.4%	55.2%	63.0%	76.0%	77.5%
EBITDA	3.996B	1.094B	814.540M	988.775M	1.098B	760.056M	835.765M	955.267M	962.756M
EBITDA Margin	107.4%	107.4%	80.4%	97.4%	109.7%	77.2%	85.6%	99.0%	100.6%
Depreciation & Amortization	3.608M	967K	963K	937K	741K	996K	992K	1.008M	992K
EPS Basic	2.92	0.82	0.57	0.71	0.82	0.51	0.58	0.70	0.71
EPS Diluted	2.92	0.82	0.57	0.71	0.82	0.51	0.58	0.70	0.71
Shares Outstanding	1.068B	1.068B	1.061B	1.067B	1.056B	1.056B	1.055B	1.047B	1.043B
Diluted Shares Outstanding	1.069B	1.069B	1.061B	1.068B	1.057B	1.056B	1.056B	1.048B	1.043B

VICI Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	3.972B	3.822B	3.585B	2.578B	1.489B	1.192B	875.897M	798.796M
Revenue	4.006B	3.849B	3.612B	2.601B	1.510B	1.226B	894.798M	897.977M
Cost of Goods Sold	34.004M	26.895M	27.089M	22.602M	20.762M	33.425M	18.901M	99.181M
Gross Profit Margin	99.2%	99.3%	99.3%	99.1%	98.6%	97.3%	97.9%	89.0%
Total Operating Expenses	324.540M	277.376M	240.051M	945.645M	44.467M	278.909M	33.398M	40.842M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	65.082M	69.109M	59.603M	48.340M	33.122M	30.661M	24.569M	24.429M
Operating Income (EBIT)	3.648B	3.545B	3.345B	1.632B	1.444B	913.240M	842.499M	757.954M
Operating Margin	91.1%	92.1%	92.6%	62.8%	95.7%	74.5%	94.2%	84.4%
Income Before Tax (EBT)	2.821B	2.731B	2.548B	1.139B	1.026B	897.039M	555.986M	533.558M
Interest Income	232.758M	16.095M	23.970M	9.530M	120K	6.795M	20.014M	11.307M
Interest Expense	818.105M	826.097M	818.056M	539.953M	392.390M	308.605M	248.384M	212.663M
Other Income/Expense	-826.593M	-813.988M	-796.367M	-493.307M	-418.294M	-16.201M	-286.513M	-224.396M
Net Income	2.775B	2.679B	2.514B	1.118B	1.014B	891.674M	545.964M	523.619M
Income Tax Expense	2.435M	9.704M	-6.141M	2.876M	2.887M	831K	1.705M	1.441M
Net Profit Margin	69.3%	69.6%	69.6%	43.0%	67.2%	72.8%	61.0%	58.3%
EBITDA	3.643B	3.561B	3.371B	1.682B	1.422B	1.209B	808.201M	749.907M
EBITDA Margin	90.9%	92.5%	93.3%	64.7%	94.2%	98.7%	90.3%	83.5%
Depreciation & Amortization	3.637M	4.125M	4.298M	3.182M	3.091M	3.731M	3.831M	3.686M
EPS Basic	2.61	2.56	2.48	1.27	1.80	1.76	1.25	1.43
EPS Diluted	2.61	2.56	2.47	1.27	1.76	1.75	1.24	1.43
Shares Outstanding	1.062B	1.047B	1.015B	877.508M	564.467M	506.141M	435.071M	367.226M
Diluted Shares Outstanding	1.063B	1.048B	1.016B	879.676M	577.066M	510.909M	439.153M	367.317M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About VICI Properties Inc.

VICI Properties functions as a specialized real estate investment trust dedicated to experiential properties. The company boasts an extensive collection of premier gaming, hospitality, and entertainment venues, notably including the globally recognized Caesars Palace. Its diverse and nationally distributed portfolio encompasses 29 gaming facilities, spanning over 48 million square feet. These sites collectively feature approximately 19,200 hotel rooms and more than 200 distinct dining, bar, and nightlife establishments. VICI's assets are leased to leading operators in the gaming and hospitality sectors, such as Caesars Entertainment, Century Casinos, Hard Rock International, JACK Entertainment, and Penn National Gaming. Beyond its core properties, VICI also holds four championship golf courses and possesses 34 acres of undeveloped land strategically located adjacent to the Las Vegas Strip. The company's fundamental objective is to cultivate the United States' most valuable and high-performing experiential real estate portfolio.

New York City, NY

27 employees

www.viciproperties.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: Edward Baltazar Pitoniak

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