Gaming and Leisure Properties, Inc. (GLPI) Revenue History
Annual and quarterly revenue from 2012 to present
GLPI Revenue Over Time (2012–2025)
GLPI Revenue Growth History
11 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +14.9%
- FY2014 revenue growth
- +162.6%
- FY2015 revenue growth
- -9.6%
- FY2016 revenue growth
- +44.0%
- FY2017 revenue growth
- +17.3%
- FY2018 revenue growth
- +8.7%
- FY2019 revenue growth
- +9.3%
- FY2020 revenue growth
- -0.0%
- FY2021 revenue growth
- +5.5%
- FY2022 revenue growth
- +7.8%
- FY2023 revenue growth
- +9.8%
- FY2024 revenue growth
- +6.3%
- FY2025 revenue growth
- +4.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $356.5M | -9.8% |
| Q4 2025 | $407.0M | +4.5% |
| Q3 2025 | $397.6M | +3.2% |
| Q2 2025 | $394.9M | +3.7% |
| Q1 2025 | $395.2M | +5.1% |
| Q4 2024 | $389.6M | +5.6% |
| Q3 2024 | $385.3M | +7.2% |
| Q2 2024 | $380.6M | +6.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
GLPI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
GLPI Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 23, 2026, Gaming and Leisure Properties, Inc. (GLPI) generated trailing twelve-month (TTM) revenue of $1.56 billion, reflecting moderate decline in growth of -9.8% year-over-year. The most recent quarter (Q1 2026) recorded $356.5 million in revenue, down 12.4% sequentially.
Historical Growth Trajectory
GLPI's 5-year compound annual growth rate (CAGR) stands at +6.7%, indicating steady revenue expansion. The 3-year CAGR of +6.7% is in line with the 5-year average, suggesting consistent growth. Gaming and Leisure Properties, Inc.'s highest annual revenue of $1.59 billion was recorded in 2025, an all-time high.
Revenue by Segment
GLPI's revenue is primarily driven by Real Estate (100%). With over half of revenue concentrated in Real Estate, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including VICI (+4.3% YoY), MPW (-2.7% YoY), and NNN (+5.8% YoY) — GLPI has underperformed the peer group in revenue growth. Compare GLPI vs VICI →
GLPI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GLPICurrent | $1.6B | -9.8% | +6.7% | 75.3% | |
 VICI | $4.0B | +4.3% | +26.7% | 91.1% | |
 MPW | $972M | -2.7% | -4.9% | - | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% | |
 O | $5.7B | +9.8% | +28.4% | 28.3% |
GLPI Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.59B | +4.1% | $990.5M | 62.1% | $1.20B | 75.3% |
| 2024 | $1.53B | +6.3% | $1.48B | 96.9% | $1.13B | 73.8% |
| 2023 | $1.44B | +9.8% | $1.39B | 96.8% | $1.07B | 74.2% |
| 2022 | $1.31B | +7.8% | $1.26B | 96.0% | $1.03B | 78.5% |
| 2021 | $1.22B | +5.5% | $1.13B | 92.6% | $841.8M | 69.2% |
| 2020 | $1.15B | -0.0% | $1.07B | 92.6% | $809.3M | 70.2% |
| 2019 | $1.15B | +9.3% | $1.04B | 89.8% | $717.4M | 62.2% |
| 2018 | $1.06B | +8.7% | $861.5M | 81.6% | $593.8M | 56.2% |
| 2017 | $971.3M | +17.3% | $782.1M | 80.5% | $605.5M | 62.3% |
| 2016 | $828.3M | +44.0% | $676.3M | 81.7% | $480.6M | 58.0% |
| 2015 | $575.1M | -9.6% | $452.9M | 78.8% | $257.4M | 44.8% |
| 2014 | $635.9M | +162.6% | $491.1M | 77.2% | $303.4M | 47.7% |
| 2013 | $242.1M | +14.9% | $142.0M | 58.6% | $60.6M | 25.0% |
| 2012 | $210.6M | - | $82.8M | 39.3% | $43.7M | 20.7% |
Full Stock Analysis
Deep dive into GLPI consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
GLPI — Frequently Asked Questions
Quick answers to the most common questions about buying GLPI stock.
Is GLPI's revenue growth accelerating or slowing?
GLPI revenue is declining -9.8% year-over-year. TTM revenue fell to $1.6B, contrasting with the 5-year CAGR of +6.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is GLPI's revenue history from 2012 to 2026?
Gaming and Leisure Properties, Inc. (GLPI) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $1.6B, growing at -9.8% YoY. The 5-year CAGR is +6.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GLPI's long-term revenue growth rate (CAGR)?
Gaming and Leisure Properties, Inc.'s 5-year revenue CAGR of +6.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -9.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GLPI.
Why does GLPI's quarterly revenue fluctuate?
GLPI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Gaming and Leisure Properties, Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is GLPI's revenue distributed by segment?
GLPI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GLPI's revenue compare to industry peers?
Gaming and Leisure Properties, Inc. (GLPI) with TTM revenue of $1.6B and -9.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.