VICI Properties Financial Statements
NYSE: VICIReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
VICI Properties revenue and earnings
In fiscal 2025, VICI Properties generated $4.01 billion in revenue, up 4.1% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $2.78 billion (+3.6% year over year), for a net margin of 69.3% versus a median of 69.6% in the prior 5 years. Gross margin was 99.3% (flat year over year).
Diluted earnings per share came in at $2.61, up from $2.56. Over the last 5 fiscal years, VICI's revenue has grown at a 26.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
VICI Properties income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.01B | 3.85B | 3.61B | 2.60B | 1.51B | 1.23B | 894.80M | 897.98M | 187.61M |
| Revenue growth (YoY) | +4.08% | +6.57% | +38.89% | +72.28% | +23.17% | +36.97% | -0.35% | +378.64% | — |
| Cost of Revenue | 26.73M | 26.89M | 27.09M | 22.60M | 20.76M | 17.63M | 18.90M | 17.37M | — |
| Gross Profit | 3.98B | 3.82B | 3.58B | 2.58B | 1.49B | 1.21B | 875.90M | 880.61M | — |
| Operating Expenses | — | — | — | — | — | 886.92M | 823.60M | 140.02M | — |
| Operating Income | — | — | — | — | — | 321.02M | 52.30M | 140.02M | 144.20M |
| Interest Expense | 843.61M | 826.10M | 818.06M | 539.95M | 392.39M | 308.61M | 248.38M | 212.66M | 63.35M |
| Pretax Income | 2.82B | 2.73B | 2.55B | 1.14B | 1.03B | 897.04M | 555.99M | 533.56M | 42.64M |
| Income Tax | 2.44M | 9.70M | -6.14M | 2.88M | 2.89M | 831.00K | 1.71M | 1.44M | -1.90M |
| Net Income | 2.78B | 2.68B | 2.51B | 1.12B | 1.01B | 891.67M | 545.96M | 523.62M | 44.54M |
| Net Income growth (YoY) | +3.61% | +6.58% | +124.90% | +10.24% | +13.70% | +63.32% | +4.27% | +1075.69% | — |
| 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 (Basic) | 1.06B | 1.05B | 1.01B | 877.51M | 564.47M | 506.14M | 435.07M | 367.23M | — |
| Shares Outstanding (Diluted) | 1.06B | 1.05B | 1.02B | 879.68M | 577.07M | 510.91M | 439.15M | 367.32M | — |
| EBITDA | — | — | — | — | — | 324.75M | 56.13M | 143.71M | 144.95M |
| Gross Margin | 99.33% | 99.30% | 99.25% | 99.13% | 98.62% | 98.56% | 97.89% | 98.07% | — |
| Operating Margin | — | — | — | — | — | 26.19% | 5.84% | 15.59% | 76.86% |
| Net Margin | 69.28% | 69.59% | 69.59% | 42.97% | 67.16% | 72.76% | 61.02% | 58.31% | 23.74% |
This table shows 9 annual periods of VICI Properties's income statement, from FY 2025 back to FY 2017, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VICI's reporting calendar. What is a income statement?