Vici Properties (VICI)

NYSE Real Estate Hotel & Resort REITs S&P 500
$24.79
-0.42 (-1.67%)
Close of Nov 06, 2026 · end-of-day data
Source: Vici Properties's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$187.61M$897.98M$894.80M$1.23B$1.51B$2.60B$3.61B$3.85B$4.01B
Cost of revenue—$17.37M$18.90M$17.63M$20.76M$22.60M$27.09M$26.89M$26.73M
Gross profit—$880.61M$875.90M$1.21B$1.49B$2.58B$3.58B$3.82B$3.98B
Operating income$144.20M$140.02M$52.30M$321.02M—————
Interest expense$63.35M$212.66M$248.38M$308.61M$392.39M$539.95M$818.06M$826.10M$843.61M
Pre-tax income$42.64M$533.56M$555.99M$897.04M$1.03B$1.14B$2.55B$2.73B$2.82B
Income tax-$1.90M$1.44M$1.71M$831.00K$2.89M$2.88M-$6.14M$9.70M$2.44M
Net income$44.54M$523.62M$545.96M$891.67M$1.01B$1.12B$2.51B$2.68B$2.78B
EBITDA$144.95M$143.71M$56.13M$324.75M—————
EPS (basic)—$1.43$1.25$1.76$1.80$1.27$2.48$2.56$2.61
EPS (diluted)—$1.43$1.24$1.75$1.76$1.27$2.47$2.56$2.61
Diluted shares—367.32M439.15M510.91M577.07M879.68M1.02B1.05B1.06B
Gross margin—98.1%97.9%98.6%98.6%99.1%99.3%99.3%99.3%
Operating margin76.9%15.6%5.8%26.2%—————
Net margin23.7%58.3%61.0%72.8%67.2%43.0%69.6%69.6%69.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$183.65M$577.88M$1.10B$315.99M$739.61M$208.93M$522.57M$524.62M$563.48M
Short-term investments$0$520.88M$59.47M$19.97M$0$217.34M$0$0$44.48M
Total assets$9.74B$11.33B$13.27B$17.06B$17.60B$37.58B$44.06B$45.37B$46.72B
Long-term debt$4.12B$4.12B$4.79B$6.77B$4.69B$13.74B$16.72B$16.73B$16.77B
Total debt$4.12B$4.12B$4.79B$6.77B$4.69B$13.74B$16.72B$16.73B$16.77B
Total liabilities$4.96B$4.43B$5.22B$7.57B$5.41B$15.29B$18.40B$18.42B$18.50B
Shareholders' equity$4.69B$6.82B$7.97B$9.42B$12.11B$21.93B$25.26B$26.54B$27.80B

Cash flow

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow—$504.08M$682.16M$883.64M$896.35M$1.94B$2.18B$2.38B$2.51B
Capital expenditures—$899.00K$2.72M——————
Free cash flow—$503.18M$679.43M$883.64M$896.35M$1.94B$2.18B$2.38B$2.51B
Investing cash flow—-$1.14B-$1.36B-$4.55B$41.45M-$9.30B-$2.90B-$922.78M-$904.77M
Financing cash flow—$1.04B$1.18B$2.88B-$514.18M$6.83B$1.03B-$1.46B-$1.57B
Dividends paid—$262.68M$503.96M$612.21M$758.79M$1.22B$1.58B$1.75B$1.85B
Stock-based compensation—$2.34M$5.22M$7.39M$9.37M$12.99M$15.54M$17.51M$16.20M
Depreciation & amortization$751.00K$3.69M$3.83M$3.73M$3.09M$3.18M$4.30M$4.12M$3.64M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.