Financials in USD. Standardized financial statements.
A compact view of how VICI Properties Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $4.01B | $3.85B | $3.61B | $2.60B | $1.51B | $1.23B | $894.80M | $897.98M | $201.44M | $18.79M |
| Revenue Growth? | +4.1% | +6.6% | +38.9% | +72.3% | +23.2% | +37.0% | -0.4% | +345.8% | +972.3% | 0.0% |
| Cost of Revenue? | $34.00M | $26.89M | $27.09M | $22.60M | $20.76M | $33.42M | $18.90M | $99.18M | $33.77M | $13.74M |
| Gross Profit? | $3.97B | $3.82B | $3.58B | $2.58B | $1.49B | $1.19B | $875.90M | $798.80M | $167.67M | $5.05M |
| Gross Margin? | +99.2% | +99.3% | +99.3% | +99.1% | +98.6% | +97.3% | +97.9% | +89.0% | +83.2% | +26.9% |
| Operating Expenses? | $324.54M | $277.38M | $240.05M | $945.64M | $44.47M | $278.91M | $33.40M | $40.84M | $23.47M | $5.04M |
| Operating Income? | $3.65B | $3.54B | $3.34B | $1.63B | $1.44B | $913.24M | $842.50M | $757.95M | $144.20M | $7,000 |
| EBITDA? | $3.64B | $3.56B | $3.37B | $1.68B | $1.42B | $1.21B | $808.20M | $749.91M | $109.14M | $3.04M |
| Income Before Tax | $2.82B | $2.73B | $2.55B | $1.14B | $1.03B | $897.04M | $555.99M | $533.56M | $42.64M | $0 |
| Income Tax Expense | $2.44M | $9.70M | -$6.14M | $2.88M | $2.89M | $831,000 | $1.71M | $1.44M | -$1.90M | $7,000 |
| Net Income? | $2.78B | $2.68B | $2.51B | $1.12B | $1.01B | $891.67M | $545.96M | $523.62M | $42.66M | $3.03M |
| EPS? | $2.61 | $2.56 | $2.48 | $1.27 | $1.80 | $1.76 | $1.25 | $1.43 | $0.13 | $0.01 |
| Diluted EPS? | $2.61 | $2.56 | $2.47 | $1.27 | $1.76 | $1.75 | $1.24 | $1.43 | $0.13 | $0.01 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality