VICI Properties Inc. (VICI) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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VICI Revenue Growth
Revenue Breakdown (FY 2021)
VICI's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
VICI Revenue Analysis (2015–2025)
As of May 6, 2026, VICI Properties Inc. (VICI) generated trailing twelve-month (TTM) revenue of $4.05 billion, reflecting modest growth of +3.5% year-over-year. The most recent quarter (Q1 2026) recorded $1.02 billion in revenue, up 0.5% sequentially.
Looking at the longer-term picture, VICI's 5-year compound annual growth rate (CAGR) stands at +26.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $4.01 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows VICI's business is primarily driven by Real Property Business Segment (100%). With over half of revenue concentrated in Real Property Business Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including GLPI (+0.3% YoY), EPR (+12.1% YoY), and O (+9.1% YoY), VICI has underperformed the peer group in terms of revenue growth. Compare VICI vs GLPI →
VICI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VICICurrent | $4.0B | +3.5% | +26.7% | 91.1% | |
 GLPI | $1.6B | +0.3% | +6.7% | 75.3% | |
 EPR | $718M | +12.1% | +12.1% | 57.7% | |
 O | $5.7B | +9.1% | +28.4% | 28.3% | |
 NNN | $926M | +5.8% | +7.0% | 61.5% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% |
VICI Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.01B | +4.1% | $3.97B | 99.2% | $3.65B | 91.1% |
| 2024 | $3.85B | +6.6% | $3.82B | 99.3% | $3.54B | 92.1% |
| 2023 | $3.61B | +38.9% | $3.58B | 99.3% | $3.34B | 92.6% |
| 2022 | $2.60B | +72.3% | $2.58B | 99.1% | $1.63B | 62.8% |
| 2021 | $1.51B | +23.2% | $1.49B | 98.6% | $1.44B | 95.7% |
| 2020 | $1.23B | +37.0% | $1.19B | 97.3% | $913.2M | 74.5% |
| 2019 | $894.8M | -0.4% | $875.9M | 97.9% | $842.5M | 94.2% |
| 2018 | $898.0M | +345.8% | $798.8M | 89.0% | $758.0M | 84.4% |
| 2017 | $201.4M | +972.3% | $167.7M | 83.2% | $144.2M | 71.6% |
| 2016 | $18.8M | +3.9% | $5.0M | 26.9% | $7K | 0.0% |
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Start ComparisonVICI — Frequently Asked Questions
Quick answers to the most common questions about buying VICI stock.
Is VICI's revenue growth accelerating or slowing?
VICI revenue growth slowed to +3.5%, below the 5-year CAGR of +26.7%. TTM revenue is $4.0B. The deceleration marks a shift from historical growth rates.
What is VICI's long-term revenue growth rate?
VICI Properties Inc.'s 5-year revenue CAGR of +26.7% reflects the variable expansion pattern. Current YoY growth of +3.5% is near this long-term average.
How is VICI's revenue distributed by segment?
VICI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.