VICI Properties Inc. (VICI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.02B | 1.01B | 1.02B | 1B | 984.2M | 976.05M | 964.67M | 957M | 951.48M | 931.87M | 904.32M | 898.16M | 877.65M | 769.91M | 751.54M | 662.62M | 416.63M | 383.15M | 375.7M | 376.4M |
| Revenue Growth % | 3.49% | 3.79% | 5.24% | 4.63% | 3.44% | 4.74% | 6.67% | 6.55% | 8.41% | 21.04% | 20.33% | 35.55% | 110.66% | 100.94% | 100.04% | 76.04% | 11.3% | 2.72% | 10.61% | 45.95% |
| Property Operating Expenses | 8.4M | 8.92M | 7.7M | 6.62M | 6.35M | 6.75M | 6.82M | 6.81M | 6.51M | 8.21M | 6.33M | 6.59M | 5.95M | 6.27M | 5.19M | 5.86M | 5.29M | 12.79M | 5.14M | 5.23M |
| Net Operating Income (NOI) | 1.01B | 1B | 1.01B | 994.72M | 977.85M | 969.3M | 957.85M | 950.19M | 944.97M | 923.65M | 897.99M | 891.57M | 871.7M | 763.63M | 746.36M | 656.76M | 411.34M | 370.36M | 370.56M | 371.17M |
| NOI Margin % | 99.17% | 99.12% | 99.24% | 99.34% | 99.35% | 99.31% | 99.29% | 99.29% | 99.32% | 99.12% | 99.3% | 99.27% | 99.32% | 99.19% | 99.31% | 99.12% | 98.73% | 96.66% | 98.63% | 98.61% |
| Operating Expenses | -84.7M | 190.56M | 23.45M | -107.16M | 222.33M | 135.58M | 5.16M | -6.92M | 143.56M | -28.17M | 129.61M | -7.02M | 145.63M | 2.69M | 263.5M | 580M | 99.45M | 14.7M | 25.12M | -13.73M |
| G&A Expenses | 15.98M | 19.32M | 16.34M | 14.56M | 14.86M | 20.69M | 16.46M | 15.77M | 16.19M | 15.26M | 14.42M | 14.92M | 15.01M | 15.03M | 12.06M | 11.78M | 9.47M | 9.03M | 8.38M | 7.63M |
| EBITDA | 1.1B | 814.57M | 984.98M | 1.1B | 756.52M | 834.71M | 953.7M | 958.1M | 802.55M | 953.41M | 769.39M | 899.48M | 726.87M | 761.75M | 483.67M | 77.54M | 312.67M | 356.43M | 346.21M | 385.66M |
| EBITDA Margin % | 107.59% | 80.4% | 97.02% | 110.12% | 76.87% | 85.52% | 98.86% | 100.11% | 84.35% | 102.31% | 85.08% | 100.15% | 82.82% | 98.94% | 64.36% | 11.7% | 75.05% | 93.03% | 92.15% | 102.46% |
| Depreciation & Amortization | 967K | 963K | 937K | 741K | 996K | 992K | 1.01M | 992K | 1.13M | 1.59M | 1.01M | 887K | 814K | 811K | 816K | 779K | 776K | 771K | 771K | 757K |
| D&A / Revenue % | 0.09% | 0.1% | 0.09% | 0.07% | 0.1% | 0.1% | 0.1% | 0.1% | 0.12% | 0.17% | 0.11% | 0.1% | 0.09% | 0.11% | 0.11% | 0.12% | 0.19% | 0.2% | 0.21% | 0.2% |
| Operating Income | 1.09B | 813.61M | 984.04M | 1.1B | 755.53M | 833.72M | 952.69M | 957.11M | 801.41M | 951.82M | 768.38M | 898.59M | 726.06M | 760.94M | 482.85M | 76.76M | 311.89M | 355.66M | 345.44M | 384.9M |
| Operating Margin % | 107.49% | 80.31% | 96.93% | 110.04% | 76.77% | 85.42% | 98.76% | 100.01% | 84.23% | 102.14% | 84.97% | 100.05% | 82.73% | 98.84% | 64.25% | 11.58% | 74.86% | 92.82% | 91.95% | 102.26% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 5.38x | 3.99x | 4.70x | 5.13x | 3.63x | 4.01x | 4.60x | 4.67x | 3.94x | 4.66x | 3.76x | 4.46x | 3.59x | 4.64x | 2.99x | 0.57x | 4.57x | 5.04x | 2.00x | 4.81x |
| Non-Operating Income | 1.92M | 31K | -3.8M | 4.15M | -3.53M | -1.05M | -1.57M | -4.66M | -4.83M | -3.31M | -2.65M | -8.48M | -7.25M | -24.26M | -23.8M | 750K | 662K | 668K | 15.77M | 761K |
| Pretax Income | 889.93M | 609.73M | 777.5M | 883.93M | 549.81M | 626.65M | 746.94M | 755.99M | 601.37M | 749.95M | 566.1M | 703.48M | 528.95M | 615.87M | 337.3M | -57.11M | 243.09M | 284.56M | 164.57M | 304.33M |
| Pretax Margin % | 87.37% | 60.19% | 76.59% | 88.28% | 55.86% | 64.2% | 77.43% | 79% | 63.2% | 80.48% | 62.6% | 78.32% | 60.27% | 79.99% | 44.88% | -8.62% | 58.35% | 74.27% | 43.8% | 80.85% |
| Income Tax | 3.97M | -4.56M | 3.88M | 5.56M | -2.46M | 2.45M | 2.46M | 3.23M | 1.56M | -9.77M | 644K | 1.9M | 1.09M | 1.03M | 417K | 1.03M | 400K | 759K | 388K | 1.26M |
| Effective Tax Rate % | 0.45% | -0.75% | 0.5% | 0.63% | -0.45% | 0.39% | 0.33% | 0.43% | 0.26% | -1.3% | 0.11% | 0.27% | 0.21% | 0.17% | 0.12% | -1.8% | 0.16% | 0.27% | 0.24% | 0.41% |
| Net Income | 872.39M | 604.82M | 762.04M | 865.08M | 543.61M | 614.59M | 732.9M | 741.3M | 590.02M | 747.77M | 556.33M | 690.7M | 518.74M | 604.05M | 330.9M | -57.71M | 240.38M | 281.48M | 161.86M | 300.71M |
| Net Margin % | 85.65% | 59.7% | 75.06% | 86.39% | 55.23% | 62.97% | 75.97% | 77.46% | 62.01% | 80.24% | 61.52% | 76.9% | 59.11% | 78.46% | 44.03% | -8.71% | 57.7% | 73.46% | 43.08% | 79.89% |
| Net Income Growth % | 60.48% | -1.59% | 3.98% | 16.7% | -7.87% | -17.81% | 31.74% | 7.33% | 13.74% | 23.79% | 68.12% | 1296.93% | 115.8% | 114.6% | 104.44% | -119.19% | -10.9% | -2.27% | -59.36% | 31.08% |
| Funds From Operations (FFO) | 873.36M | 605.78M | 762.98M | 865.82M | 544.6M | 615.59M | 733.91M | 742.29M | 591.15M | 749.36M | 557.34M | 691.59M | 519.55M | 604.86M | 331.72M | -56.93M | 241.16M | 282.25M | 162.63M | 301.47M |
| FFO Margin % | 85.75% | 59.8% | 75.16% | 86.47% | 55.33% | 63.07% | 76.08% | 77.56% | 62.13% | 80.41% | 61.63% | 77% | 59.2% | 78.56% | 44.14% | -8.59% | 57.88% | 73.66% | 43.29% | 80.09% |
| FFO Growth % | 60.37% | -1.59% | 3.96% | 16.64% | -7.87% | -17.85% | 31.68% | 7.33% | 13.78% | 23.89% | 68.01% | 1314.87% | 115.44% | 114.3% | 103.97% | -118.88% | -10.88% | -2.25% | -59.26% | 30.72% |
| FFO per Share | 0.82 | 0.57 | 0.71 | 0.82 | 0.52 | 0.58 | 0.70 | 0.71 | 0.57 | 0.72 | 0.55 | 0.69 | 0.52 | 0.63 | 0.34 | -0.06 | 0.35 | 0.44 | 0.28 | 0.54 |
| FFO Payout Ratio % | 55.12% | 79.36% | 59.87% | 52.77% | 84.29% | 73.54% | 58.96% | 58.31% | 73.55% | 56.33% | 68.69% | 57.3% | 73.64% | 62.07% | 104.46% | -473.11% | 94.49% | 80.22% | 108.9% | 58.8% |
| EPS (Diluted) | 0.82 | 0.57 | 0.71 | 0.82 | 0.51 | 0.58 | 0.70 | 0.71 | 0.57 | 0.72 | 0.55 | 0.69 | 0.52 | 0.63 | 0.34 | -0.06 | 0.35 | 0.44 | 0.28 | 0.54 |
| EPS Growth % | 60.78% | -1.72% | 1.43% | 15.49% | -10.53% | -19.44% | 27.27% | 2.9% | 9.62% | 14.29% | 61.76% | 1171.43% | 48.57% | 43.18% | 21.43% | -111.93% | -30% | -16.98% | -62.16% | 14.89% |
| EPS (Basic) | 0.82 | 0.57 | 0.71 | 0.82 | 0.51 | 0.58 | 0.70 | 0.71 | 0.57 | 0.72 | 0.55 | 0.69 | 0.52 | 0.63 | 0.34 | -0.06 | 0.35 | 0.45 | 0.29 | 0.56 |
| Diluted Shares Outstanding | 1.07B | 1.06B | 1.07B | 1.06B | 1.06B | 1.06B | 1.05B | 1.04B | 1.04B | 1.04B | 1.01B | 1.01B | 1B | 965.3M | 964.13M | 896.55M | 687.91M | 637.41M | 571.89M | 554.44M |