Operating Income for VICI Properties (VICI)
According to VICI Properties's latest reported financial statements, the company's current operating income (TTM) is $3.66B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
VICI
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.66B
YoY change
+2.9%
5Y CAGR
+31.9%
Peak year (2025)
$3.65B
Cumulative operating income
$16.27B
Operating Income history chart for VICI Properties (VICI) from 2014 to 2025
Operating Income history table for VICI Properties (VICI) from 2014 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.65B | +2.9% | ||
| 2024 | $3.54B | +6.0% | ||
| 2023 | $3.34B | +104.9% | ||
| 2022 | $1.63B | +13.0% | ||
| 2021 | $1.44B | +58.2% | ||
| 2020 | $913.24M | +8.4% | ||
| 2019 | $842.50M | +11.2% | ||
| 2018 | $757.95M | +425.6% | ||
| 2017 | $144.20M | +2059842.9% | ||
| 2016 | $7,000 | -61.1% | ||
| 2015 | $18,000 | -53.8% | ||
| 2014 | $39,000 | — |
Operating Income values are taken from VICI Properties's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
VICI Properties (VICI) most recent annual operating income stands at $3.65B (2025) – edged up 2.9% year-over-year.
Over 2020–2025 (5 years), VICI Properties operating income expanded at a +31.9% compound annual rate, sustaining 9 straight years of year-over-year growth.
Across the available history, operating income reached its high of $3.65B in 2025 and its low of $7,000 in 2016.
VICI Properties (VICI) sits 2nd of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
VICI Properties Operating Income by Year
VICI Properties Operating Income 2025: $3.65B
VICI Properties operating income in 2025 was $3.65B, edged up 2.9% from 2024. This figure represents the highest annual value in the available history.
VICI Properties Operating Income 2024: $3.54B
VICI Properties operating income in 2024 was $3.54B, grew 6.0% from 2023.
VICI Properties Operating Income 2023: $3.34B
VICI Properties operating income in 2023 was $3.34B, surged 104.9% from 2022.
VICI Properties Operating Income 2022: $1.63B
VICI Properties operating income in 2022 was $1.63B, grew 13.0% from 2021.
VICI Properties Operating Income 2021: $1.44B
VICI Properties operating income in 2021 was $1.44B.
See more financial history for VICI Properties (VICI).
Sector peers — Operating Income
Companies in the same sector as VICI Properties, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is VICI Properties's operating income?
- Latest reported operating income for VICI Properties (VICI) is $3.66B (period ending December 31, 2025).
How has VICI Properties operating income changed year-over-year?
- VICI Properties (VICI) operating income changed +2.9% year-over-year on the latest annual filing.
What is the long-term growth rate of VICI Properties operating income?
- VICI Properties (VICI) operating income compound annual growth rate is +31.9% over the most recent 5 years available.
When did VICI Properties operating income hit its highest annual value?
- VICI Properties operating income reached its highest annual value of $3.65B in 2025.
What was VICI Properties operating income in 2024?
- VICI Properties (VICI) operating income in 2024 was $3.54B.
What was VICI Properties operating income in 2025?
- VICI Properties (VICI) operating income in 2025 was $3.65B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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