Vornado Realty Trust (VNO) Earnings History
Annual and quarterly earnings data from 1990 to 2025
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VNO 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.
VNO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 100.0% | 15.0% | 50.0% |
| 2024 | 100.0% | 14.8% | 3.9% |
| 2023 | 50.0% | 16.6% | 5.8% |
| 2022 | 51.4% | 16.0% | -19.2% |
| 2021 | 49.8% | 15.4% | 11.1% |
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Vornado Realty Trust (VNO) Earnings Overview
As of May 8, 2026, Vornado Realty Trust (VNO) reported trailing twelve-month net income of $795M, reflecting +10400.0% year-over-year growth. The company earned $4.19 per diluted share over the past four quarters, with a net profit margin of 50.0%.
Looking at the long-term picture, VNO's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.15B in fiscal 2019.
Vornado Realty Trust maintains industry-leading profitability with a gross margin of 100.0%, operating margin of 15.0%, and net margin of 50.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SLG (-$88M net income, -8.8% margin), BXP ($277M net income, 7.9% margin), KRC ($276M net income, 24.8% margin), VNO has outperformed on profitability metrics. Compare VNO vs SLG →
VNO Earnings vs Peers
Earnings metrics vs comparable public companies
VNO Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $905M | +1185.7% | $272M | $4.20 | 50.0% | 15.0% |
| 2024 | $70M | -33.3% | $264M | $0.04 | 3.9% | 14.8% |
| 2023 | $105M | +130.4% | $301M | $0.23 | 5.8% | 16.6% |
| 2022 | -$346M | -296.9% | $288M | $-2.13 | -19.2% | 16.0% |
| 2021 | $176M | +159.3% | $245M | $0.53 | 11.1% | 15.4% |
| 2020 | -$297M | -109.4% | $144M | $-1.83 | -19.4% | 9.4% |
| 2019 | $3.15B | +599.6% | $418M | $16.21 | 163.6% | 21.7% |
| 2018 | $450M | +97.9% | $583M | $2.35 | 20.8% | 26.9% |
| 2017 | $227M | -76.3% | $607M | $0.85 | 10.9% | 29.1% |
| 2016 | $961M | +26.3% | $551M | $5.08 | 38.3% | 22.0% |
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Start ComparisonVNO — Frequently Asked Questions
Quick answers to the most common questions about buying VNO stock.
Is VNO growing earnings?
VNO EPS is $4.19, with earnings growth accelerating to +10400.0%. This exceeds the 5-year CAGR of N/A. TTM net income reached $795M.
What are VNO's profit margins?
Vornado Realty Trust net margin is +50.0%, with operating margin at +15.0%. Above-average margins indicate pricing power.
How consistent are VNO's earnings?
VNO earnings data spans 1990-2025. The accelerating earnings trend is +10400.0% YoY. Historical data enables comparison across business cycles.