TTM
98.7%
YoY change
−1.05pp
Trough year (2016)
0.0%
Peak year (2021)
95.7%
Latest annual
91.1%
Operating Margin history chart for VICI Properties (VICI) from 2014 to 2025
Latest: 91.1%
Operating Margin change chart for VICI Properties (VICI) from 2014 to 2025
Latest: −1.05pp
Operating Margin history table for VICI Properties (VICI) from 2014 to 2025
| 2025 | 91.1% | -1.05pp | ||
| 2024 | 92.1% | -0.51pp | ||
| 2023 | 92.6% | +29.83pp | ||
| 2022 | 62.8% | -32.91pp | ||
| 2021 | 95.7% | +21.16pp | ||
| 2020 | 74.5% | -19.64pp | ||
| 2019 | 94.2% | +9.75pp | ||
| 2018 | 84.4% | +12.82pp | ||
| 2017 | 71.6% | +71.55pp | ||
| 2016 | 0.0% | -0.06pp | ||
| 2015 | 0.1% | -0.11pp | ||
| 2014 | 0.2% | — |
- 202591.1%-1.05pp
- 202492.1%-0.51pp
- 202392.6%+29.83pp
- 202262.8%-32.91pp
- 202195.7%+21.16pp
- 202074.5%-19.64pp
- 201994.2%+9.75pp
- 201884.4%+12.82pp
- 201771.6%+71.55pp
- 20160.0%-0.06pp
- 20150.1%-0.11pp
- 20140.2%—
Operating Margin values are taken from VICI Properties's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at VICI Properties (VICI)
According to VICI Properties's latest reported financial statements, the company's latest reported operating margin is 98.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
VICI Properties (VICI) most recent annual operating margin stands at 91.05% (2025) – contracted 1.0 percentage points year-over-year.
The record annual operating margin stands at 95.68%, reached in 2021; the historical low of 0.04% was recorded in 2016.
VICI Properties Operating Margin by Year
VICI Properties Operating Margin 2025: 91.1%
In 2025, VICI Properties reported operating margin of 91.05%, contracted 1.0 percentage points from 2024.
VICI Properties Operating Margin 2024: 92.1%
VICI Properties operating margin in 2024 was 92.10%, contracted 0.5 percentage points from 2023.
VICI Properties Operating Margin 2023: 92.6%
2023's operating margin for VICI Properties came in at 92.60%, expanded 29.8 percentage points from 2022.
VICI Properties Operating Margin 2022: 62.8%
VICI Properties posted operating margin of 62.77% in 2022, contracted 32.9 percentage points from 2021.
VICI Properties Operating Margin 2021: 95.7%
VICI Properties operating margin in 2021 was 95.68%.
See more financial history for VICI Properties (VICI).
Sector peers by Operating Margin
Real Estate peers of VICI Properties (VICI), ranked by their latest operating margin
| 50.8% | |
| 48.3% | |
| 44.2% | |
| 38.9% | |
| 29.3% | |
| 20.8% | |
| 14.6% | |
| 4.6% |
- 50.8%
- 44.2%
- 38.9%
- 29.3%
- 20.8%
- 4.6%
Frequently asked questions
VICI Properties (VICI) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation