Vornado Realty Financial Statements
NYSE: VNOReal EstateREIT - OfficeUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vornado Realty revenue and earnings
In fiscal 2025, Vornado Realty generated $1.81 billion in revenue, up 1.3% from fiscal 2024. Net income was $905.0 million (+1185.7% year over year), for a net margin of 50.0% versus a median of 3.9% in the prior 5 years. Diluted earnings per share came in at $4.20, up from $0.04.
Over the last 5 fiscal years, VNO's revenue has grown at a 3.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Vornado Realty 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 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.81B | 1.79B | 1.81B | 1.80B | 1.59B | 1.53B | 1.92B | 2.16B | 2.08B | 2.00B |
| Revenue growth (YoY) | +1.27% | -1.30% | +0.62% | +13.26% | +4.01% | -20.61% | -11.05% | +3.82% | +4.01% | +23.17% |
| Operating Expenses | 1.55B | 1.54B | 1.57B | 1.53B | 1.37B | 1.55B | 1.63B | 1.58B | 1.48B | 1.42B |
| Operating Income | — | — | — | — | — | — | — | 582.96M | 608.65M | 579.85M |
| Interest Expense | 353.87M | 390.27M | 349.22M | 279.76M | 231.10M | 229.25M | 286.62M | 347.95M | 345.65M | 330.24M |
| Other Income (Expense) | — | 0 | 0 | 235.00K | 1.81M | 3.63M | 3.71M | 4.05M | 5.06M | 3.69M |
| Pretax Income | 950.71M | 42.84M | 62.11M | -360.95M | 197.06M | -425.21M | 3.44B | 459.60M | 319.73M | 584.93M |
| Income Tax | 13.51M | 22.73M | 29.22M | 21.66M | -10.50M | 36.63M | 103.44M | 37.63M | 42.38M | 7.92M |
| Net Income | 904.96M | 70.39M | 105.49M | -346.50M | 176.00M | -297.00M | 3.15B | 449.95M | 227.42M | 906.92M |
| Net Income growth (YoY) | +1185.68% | -33.28% | — | -296.88% | — | -109.43% | +599.61% | +97.86% | -74.92% | +19.26% |
| EPS (Basic) | 4.40 | 0.04 | 0.23 | -2.13 | 0.53 | -1.83 | 16.23 | 2.02 | 0.85 | 4.36 |
| EPS (Diluted) | 4.20 | 0.04 | 0.23 | -2.13 | 0.53 | -1.83 | 16.21 | 2.01 | 0.85 | 4.34 |
| Shares Outstanding (Basic) | 191.76M | 190.54M | 191.00M | 191.78M | 191.55M | 191.15M | 190.80M | 190.22M | 189.53M | 188.84M |
| Shares Outstanding (Diluted) | 201.05M | 196.63M | 191.86M | 191.78M | 192.12M | 191.15M | 191.05M | 191.29M | 191.26M | 190.17M |
| EBITDA | — | — | — | — | — | — | — | 1.06B | 1.14B | 1.18B |
| Operating Margin | — | — | — | — | — | — | — | 26.94% | 29.20% | 28.94% |
| Net Margin | 49.99% | 3.94% | 5.82% | -19.25% | 11.07% | -19.44% | 163.55% | 20.80% | 10.91% | 45.26% |
This table shows 10 annual periods of Vornado Realty's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow VNO's reporting calendar. What is a income statement?