VICI PROPERTIES INC. (VICI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.1B	4.0B	3.8B	3.6B	2.6B
Cost of Revenue	27.6M	26.7M	26.9M	27.1M	22.6M
Gross Profit	4.1B	4.0B	3.8B	3.6B	2.6B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	67.1M	65.1M	69.1M	59.6M	48.3M
General & Admin Expense	67.1M	65.1M	69.1M	59.6M	48.3M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	365.3M	259.0M	208.3M	180.4M	897.3M
Total Operating Expenses	432.4M	324.1M	277.4M	240.1M	945.6M
Cost and Expenses	460.0M	350.8M	304.3M	267.1M	968.2M
Operating Income (EBIT)	3.6B	3.7B	3.5B	3.3B	1.6B
Non-Operating
Interest Income	15.1M	14.4M	16.1M	24.0M	9.5M
Interest Expense	839.9M	843.6M	826.1M	818.1M	540.0M
Net Interest Income	(824.8M)	(829.3M)	(810.0M)	(794.1M)	(530.4M)
Other Non-Op Income/Expense	(825.6M)	(834.3M)	(814.0M)	(796.4M)	(493.3M)
Non-Operating Income (excl Interest)	(14.3M)	(9.3M)	(12.1M)	(21.7M)	(46.6M)
EBT (Pre-Tax Income)	2.8B	2.8B	2.7B	2.5B	1.1B
Income Tax Expense	2.8M	2.4M	9.7M	(6.1M)	2.9M
Bottom Line
Net Income	2.8B	2.8B	2.7B	2.5B	1.1B
Earnings from Cont. Ops	2.8B	2.8B	2.7B	2.6B	1.1B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	2.8B	2.8B	2.7B	2.5B	1.1B
Per Share
Basic EPS	$2.58	$2.61	$2.56	$2.48	$1.27
Diluted EPS	$2.58	$2.61	$2.56	$2.47	$1.27
Revenue Per Share	$3.76	$3.77	$3.68	$3.56	$2.96
Shares
Basic Shares Outstanding	1.1B	1.1B	1.0B	1.0B	877.5M
Diluted Shares Outstanding	1.1B	1.1B	1.0B	1.0B	879.7M
Profitability Metrics
EBITDA	3.7B	3.7B	3.6B	3.4B	1.7B
D&A	3.9M	3.6M	4.1M	4.3M	3.2M
EBIT	3.7B	3.7B	3.6B	3.4B	1.7B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026