Income Statement
VICI PROPERTIES INC.
VICI
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY |
|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
4,006.12 | 3,849.21 | 3,611.99 | 2,600.70 | 1,509.57 | 1,225.57 | 894.80 | 897.98 | 187.61 |
|
Cost of Revenue
|
26.73 | 26.90 | 27.09 | 22.60 | 20.76 | 17.63 | 18.90 | 17.37 | - |
|
Gross Profit
|
3,979.39 | 3,822.31 | 3,584.90 | 2,578.10 | 1,488.81 | 1,207.94 | 875.90 | 880.61 | 187.61 |
|
Operating Expenses
|
358.54 | 308.84 | 275.16 | 990.90 | 75.63 | 321.02 | 52.30 | 140.02 | -1.50 |
|
Research & Development
|
- | - | - | - | - | - | - | - | - |
|
Selling, General & Administrative
|
65.08 | 69.11 | 59.60 | 48.34 | 33.12 | 30.66 | 24.57 | 24.43 | - |
|
Other Operating Expenses
|
- | - | - | - | - | - | - | - | - |
|
Operating Income
|
3,620.84 | 3,513.47 | 3,309.74 | 1,587.20 | 1,413.18 | 886.92 | 823.60 | 740.58 | 187.61 |
|
Non-Operating Income
|
799.86 | 782.53 | 761.26 | 448.05 | 387.13 | -10.12 | 267.61 | 207.03 | 144.97 |
|
Interest Income
|
1,763.49 | 1,662.89 | 1,519.52 | 1,041.23 | 283.24 | 153.02 | - | - | - |
|
Interest Expense
|
- | - | 818.06 | 539.95 | 392.39 | 308.61 | 248.38 | 212.66 | 63.35 |
|
Other Non-Op Income / Expense
|
0.00 | 0.00 | 1.28 | 59.77 | 1,013.84 | 891.62 | 532.70 | 516.12 | - |
|
Income Before Tax
|
2,820.98 | 2,730.95 | 2,548.48 | 1,139.14 | 1,026.05 | 897.04 | 555.99 | 533.56 | 42.64 |
|
Income Tax Expense
|
45.49 | 52.14 | 34.94 | 21.51 | 12.19 | 5.37 | 10.02 | 9.94 | -1.90 |
|
Non-Controlling Interest
|
43.05 | 42.43 | 41.08 | 18.63 | 9.31 | 4.53 | 8.32 | 8.50 | - |
|
Net Income
|
2,775.49 | 2,678.81 | 2,513.54 | 1,117.64 | 1,013.85 | 891.67 | 545.96 | 523.62 | 44.54 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY |
|---|---|---|---|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - | - | - | - | - |
|
EBITDA
|
3,620.84 | 3,513.47 | 3,309.74 | 1,587.20 | 1,413.18 | 886.92 | 823.60 | 740.58 | 187.61 |
|
Earnings Per Share (Basic)
|
2.61 | 2.56 | 2.48 | 1.27 | 1.80 | 1.76 | 1.25 | 1.43 | - |
|
Diluted EPS
|
2.61 | 2.56 | 2.47 | 1.27 | 1.76 | 1.75 | 1.24 | 1.43 | - |
|
Weighted Average Shares
|
1,074.24 | 1,058.97 | 1,026.75 | 885.79 | 564.47 | 506.14 | 435.07 | 367.23 | - |
|
Diluted Weighted Avg Shares
|
1,074.92 | 1,059.91 | 1,028.01 | 887.95 | 577.07 | 510.91 | 439.15 | 367.32 | - |
|
Comprehensive Income
|
2,777.67 | 2,694.80 | 2,503.22 | 1,302.79 | 1,107.26 | 864.23 | 503.01 | 501.50 | - |