Vici Properties Inc. (VICI) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Vici Properties reported revenue of $4.01B, up 4.1% from $3.85B the year before. Net income was $2.78B (a 69.3% net margin), or $2.61 per diluted share. Gross margin was 99.3% and operating margin was 97.7%. Operating activities generated $2.51B of cash. At fiscal year end, Vici Properties held $46.72B in total assets against $18.50B in total liabilities, including $563.5M of cash and equivalents.
Open the full interactive Vici Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Vici Properties Key Stats
| Share Price | $22.91 |
|---|---|
| Market Cap | $24.98B |
| P/E Ratio | 8.8 |
| Dividend Yield | 7.61% |
| Revenue YoY Growth | +4.1% |
| 52-Week Range | $22.53 – $29.36 |
| Shares Outstanding | 1.09 billion (basic, 2026 Q2) |
Vici Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.51B | $2.60B | $3.61B | $3.85B | $4.01B |
| Cost of Goods Sold | $17.6M | $20.8M | $22.6M | $27.1M | $26.9M | $26.7M |
| Gross Profit | $1.21B | $1.49B | $2.58B | $3.58B | $3.82B | $3.98B |
| Operating Income | $321.0M | $1.46B | $2.53B | $3.53B | $3.75B | $3.91B |
| Pre-Tax Income | $897.0M | $1.03B | $1.14B | $2.55B | $2.73B | $2.82B |
| Income Tax | $831,000 | $2.9M | $2.9M | -$6.1M | $9.7M | $2.4M |
| Net Income | $891.7M | $1.01B | $1.12B | $2.51B | $2.68B | $2.78B |
| Diluted EPS | $1.75 | $1.76 | $1.27 | $2.47 | $2.56 | $2.61 |
Vici Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.01B | $1.01B | $1.02B | $1.06B |
| Net Income | $762.0M | $604.8M | $872.4M | $526.5M |
| Diluted EPS | $0.71 | $0.57 | $0.82 | $0.48 |
Vici Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $316.0M | $739.6M | $208.9M | $522.6M | $524.6M | $563.5M |
| Total Assets | $17.06B | $17.60B | $37.58B | $44.06B | $45.37B | $46.72B |
| Total Long-Term Debt | $6.77B | $4.69B | $13.74B | $16.72B | $16.73B | $16.77B |
| Total Liabilities | $7.57B | $5.41B | $15.29B | $18.40B | $18.42B | $18.50B |
| Shareholders' Equity | $9.42B | $12.11B | $21.93B | $25.26B | $26.54B | $27.80B |
Vici Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $883.6M | $896.4M | $1.94B | $2.18B | $2.38B | $2.51B |
| Cash From Investing | -$4.55B | $41.4M | -$9.30B | -$2.90B | -$922.8M | -$904.8M |
| Cash From Financing | $2.88B | -$514.2M | $6.83B | $1.03B | -$1.46B | -$1.57B |
| Dividends Paid | $612.2M | $758.8M | $1.22B | $1.58B | $1.75B | $1.85B |
Figures from Vici Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Vici Properties financials page for every line item.
Vici Properties Company Profile
| Ticker | VICI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001705696 |
Frequently Asked Questions
What was Vici Properties' revenue in fiscal 2025?
Vici Properties (VICI) reported revenue of $4.01B for fiscal 2025.
What is Vici Properties' annual revenue history?
Vici Properties' annual revenue by fiscal year: 2020: $1.23B; 2021: $1.51B; 2022: $2.60B; 2023: $3.61B; 2024: $3.85B; 2025: $4.01B.
What was Vici Properties' net income in fiscal 2025?
Vici Properties reported net income of $2.78B for fiscal 2025.
What was Vici Properties' earnings per share (EPS) in fiscal 2025?
Vici Properties' diluted EPS was $2.61 for fiscal 2025 (adjusted for any later stock splits).
What was Vici Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Vici Properties reported revenue of $1.06B.
How much debt does Vici Properties have?
Vici Properties reported $16.77B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Vici Properties are outstanding?
Vici Properties reported a weighted average of 1.09 billion basic shares outstanding in 2026 Q2.
What is Vici Properties' market cap?
Based on its latest closing price, Vici Properties (VICI) has a market capitalization of about $24.98B.
When does Vici Properties' fiscal year end?
Vici Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Vici Properties headquartered?
Vici Properties lists its business address in New York, New York in its SEC filings.