VICI Properties Inc. (VICI) Earnings History
Annual and quarterly earnings data from 2015 to 2025
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VICI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VICI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 99.2% | 91.1% | 69.3% |
| 2024 | 99.3% | 92.1% | 69.6% |
| 2023 | 99.3% | 92.6% | 69.6% |
| 2022 | 99.1% | 62.8% | 43.0% |
| 2021 | 98.6% | 95.7% | 67.2% |
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VICI Properties Inc. (VICI) Earnings Overview
As of May 6, 2026, VICI Properties Inc. (VICI) reported trailing twelve-month net income of $3.10B, reflecting +2.0% year-over-year growth. The company earned $2.91 per diluted share over the past four quarters, with a net profit margin of 69.3%.
Looking at the long-term picture, VICI's 5-year EPS compound annual growth rate (CAGR) stands at +8.3%, showing solid earnings momentum. The company achieved its highest annual net income of $2.78B in fiscal 2025, representing a new all-time high.
VICI Properties Inc. maintains industry-leading profitability with a gross margin of 99.2%, operating margin of 91.1%, and net margin of 69.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including GLPI ($892M net income, 51.7% margin), EPR ($275M net income, 38.3% margin), O ($1.06B net income, 18.4% margin), VICI has outperformed on profitability metrics. Compare VICI vs GLPI →
VICI Earnings vs Peers
Earnings metrics vs comparable public companies
VICI Historical Earnings Data (2015–2025)
11 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.78B | +3.6% | $3.65B | $2.61 | 69.3% | 91.1% |
| 2024 | $2.68B | +6.6% | $3.54B | $2.56 | 69.6% | 92.1% |
| 2023 | $2.51B | +124.9% | $3.34B | $2.47 | 69.6% | 92.6% |
| 2022 | $1.12B | +10.2% | $1.63B | $1.27 | 43.0% | 62.8% |
| 2021 | $1.01B | +13.7% | $1.44B | $1.76 | 67.2% | 95.7% |
| 2020 | $892M | +63.3% | $913M | $1.75 | 72.8% | 74.5% |
| 2019 | $546M | +4.3% | $842M | $1.24 | 61.0% | 94.2% |
| 2018 | $524M | +1127.4% | $758M | $1.43 | 58.3% | 84.4% |
| 2017 | $43M | +1308.0% | $144M | $0.13 | 21.2% | 71.6% |
| 2016 | $3M | +100900.0% | $7,000 | $0.01 | 16.1% | 0.0% |
Full VICI Stock Analysis
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Start ComparisonVICI — Frequently Asked Questions
Quick answers to the most common questions about buying VICI stock.
Is VICI growing earnings?
VICI EPS of $2.91 reflects slowing growth at +2.0%, below the 5-year CAGR of +8.3%. TTM net income is $3.1B. Expansion rate has moderated.
What are VICI's profit margins?
VICI Properties Inc. net margin is +69.3%, with operating margin at +91.1%. Above-average margins indicate pricing power.
How consistent are VICI's earnings?
VICI earnings data spans 2015-2025. The current earnings trend is +2.0% YoY. Historical data enables comparison across business cycles.