VICI Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	3,889	3,731	3,500	2,505	1,451
Service and Other Revenue	117.26	117.87	112.29	95.22	58.35
Revenue	4,006	3,849	3,612	2,601	1,510
Revenue Growth (YoY)	4.08%	6.57%	38.88%	72.28%	23.17%
Service and Other Expenses	26.73	26.9	27.09	22.6	20.76
Total Property Expenses	26.73	26.9	27.09	22.6	20.76
Gross Profit	3,979	3,822	3,585	2,578	1,489
Selling, General & Admin	65.08	69.11	59.6	48.34	33.12
Depreciation & Amortization Expenses	3.64	4.13	4.3	3.18	3.09
Other Operating Expenses	263.1	208.71	184.17	916.78	18.66
Operating Income	3,648	3,540	3,337	1,610	1,434
Interest Income	14.36	16.1	25.25	69.3	0.12
Interest Expense	-843.61	-826.1	-818.06	-539.95	-392.39
Other Non-Operating Income (Expense)	2.66	0.58	4.46	-	-15.62
Total Non-Operating Income (Expense)	-826.59	-809.42	-788.35	-470.65	-407.89
Pretax Income	2,821	2,731	2,548	1,139	1,026
Provision for Income Taxes	2.44	9.7	-6.14	2.88	2.89
Net Income	2,775	2,679	2,514	1,118	1,014
Minority Interest in Earnings	43.05	42.43	41.08	18.63	9.31
Net Income to Common	2,775	2,679	2,514	1,118	1,014
Net Income Growth	3.61%	6.58%	124.90%	10.24%	13.70%
Shares Outstanding (Basic)	1,062	1,047	1,015	878	564
Shares Outstanding (Diluted)	1,063	1,048	1,016	880	577
Shares Change (YoY)	1.43%	3.14%	15.47%	52.44%	12.95%
EPS (Basic)	2.61	2.56	2.48	1.27	1.80
EPS (Diluted)	2.61	2.56	2.47	1.27	1.76
EPS Growth	1.95%	3.64%	94.49%	-27.84%	0.57%
Free Cash Flow	2,509	2,374	2,177	1,942	893.85
Free Cash Flow Growth	5.67%	9.05%	12.13%	117.21%	1.47%
Free Cash Flow Per Share	2.36	2.27	2.14	2.21	1.55
Dividends Per Share	1.765	1.695	1.610	1.500	1.380
Dividend Growth	4.13%	5.28%	7.33%	8.70%	9.96%
Gross Margin	99.33%	99.30%	99.25%	99.13%	98.62%
Operating Margin	91.05%	91.98%	92.38%	61.90%	94.99%
Profit Margin	70.36%	70.70%	70.73%	43.69%	67.78%
FCF Margin	62.62%	61.67%	60.27%	74.65%	59.21%
EBITDA	3,651	3,544	3,341	1,613	1,437
EBITDA Margin	91.14%	92.08%	92.50%	62.02%	95.19%
EBIT	3,648	3,540	3,337	1,610	1,434
EBIT Margin	91.05%	91.98%	92.38%	61.90%	94.99%
Effective Tax Rate	0.09%	0.36%	-0.24%	0.25%	0.28%

Updated Dec 31, 2025. Data Source: Fiscal.ai. real_estate template. Financial Sources.

SEC Filings: 10-K · 10-Q