How much revenue does VICI Properties (VICI) generate?

VICI Properties (VICI) generated $4.05B in total revenue in TTM through Q1 2026, with a net profit margin of 76.7%, equivalent to roughly $3.10B in net income — what remains after every operating cost, interest payment, and income tax has been paid.

What is the gross profit margin of VICI Properties (VICI)?

VICI Properties (VICI) reported a gross profit margin of 99.2% in TTM through Q1 2026, equivalent to $4.02B in gross profit on $4.05B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of VICI Properties (VICI)?

VICI Properties (VICI) reported an operating profit margin of 98.7% in TTM through Q1 2026, equivalent to $3.99B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of VICI Properties (VICI)?

VICI Properties (VICI) reported a net profit margin of 76.7% in TTM through Q1 2026, equivalent to $3.10B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is VICI Properties (VICI) profitable?

Yes. VICI Properties (VICI) reported $3.10B in net income for TTM through Q1 2026, with a net profit margin of 76.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does VICI Properties (VICI) spend on capital expenditures?

VICI Properties (VICI) spent $774.00K on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does VICI Properties (VICI) generate?

VICI Properties (VICI) generated $2.55B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 63.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of VICI Properties (VICI)?

VICI Properties (VICI) had an effective tax rate of 0.3% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

How VICI Properties Makes Money: 2026 Visual Revenue Map

VICI Properties (VICI) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

VICI Properties discloses geographic revenue only in annual filings. to view the full breakdown.

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Revenue Counter$128.37/s
Earnings Counter$98.44/s
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