# Vici Properties Inc.: overview

VICI · NYSE · CIK 1705696 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vici.md) · [Financials](/companies/vici/financials.md) · [Filings](/companies/vici/filings.md) · [Insiders](/companies/vici/insiders.md)

Latest reported revenue: [$1.06bn](/filings/0001705696-26-000090.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:Revenues, accession 0001705696-26-000090).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [965](/filings/0001705696-25-000132.md) | [976 d](/filings/0001705696-26-000034.md) | [984](/filings/0001705696-26-000069.md) | [1,001](/filings/0001705696-26-000090.md) | [1,007](/filings/0001705696-25-000132.md) | [1,013 d](/filings/0001705696-26-000034.md) | [1,019](/filings/0001705696-26-000069.md) | [1,059](/filings/0001705696-26-000090.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [76.0%](/filings/0001705696-25-000132.md) | [63.0% d](/filings/0001705696-26-000034.md) | [55.2%](/filings/0001705696-26-000069.md) | [86.4%](/filings/0001705696-26-000090.md) | [75.6%](/filings/0001705696-25-000132.md) | [59.7% d](/filings/0001705696-26-000034.md) | [85.7%](/filings/0001705696-26-000069.md) | [49.7%](/filings/0001705696-26-000090.md) |
| Diluted EPS | $ per share | [0.70](/filings/0001705696-25-000132.md) | not reported | [0.51](/filings/0001705696-26-000069.md) | [0.82](/filings/0001705696-26-000090.md) | [0.71](/filings/0001705696-25-000132.md) | not reported | [0.82](/filings/0001705696-26-000069.md) | [0.48](/filings/0001705696-26-000090.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,510](/filings/0001705696-24-000033.md) | [2,601](/filings/0001705696-25-000033.md) | [3,612](/filings/0001705696-26-000034.md) | [3,849](/filings/0001705696-26-000034.md) | [4,006](/filings/0001705696-26-000034.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [67.2%](/filings/0001705696-24-000033.md) | [43.0%](/filings/0001705696-25-000033.md) | [69.6%](/filings/0001705696-26-000034.md) | [69.6%](/filings/0001705696-26-000034.md) | [69.3%](/filings/0001705696-26-000034.md) |
| Diluted EPS | $ per share | [1.76](/filings/0001705696-24-000033.md) | [1.27](/filings/0001705696-25-000033.md) | [2.47](/filings/0001705696-26-000034.md) | [2.56](/filings/0001705696-26-000034.md) | [2.61](/filings/0001705696-26-000034.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vici/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $3.43bn | 129,333,957 |  | Reduced −137,969 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.29bn | 86,343,952 |  | Added +2,399,143 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.81bn | 67,155,780 |  | Added +2,920,133 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.73bn | 65,331,968 |  | Added +1,474,402 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.09bn | 40,211,201 |  | Added +1,554,914 |
| [Allianz Asset Management GmbH](/funds/1535323.md) | 2026-06-30 | $836.1m | 31,273,464 |  | Added +313,204 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $778.7m | 29,329,887 |  | Added +1,381,385 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $574.0m | 21,119,533 |  | Reduced −4,272,039 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $461.4m | 17,376,791 |  | Added +346,307 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $435.8m | 16,413,021 |  | Added +876,013 |

## Recent filings

[All 789 filings](/companies/vici/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-22 | 12:36 ET | [8-K/A](/filings/0001705696-26-000094.md) | 5.02 Departure or appointment of officers or directors | 0001705696-26-000094 |
| 2026-09-08 | 12:35 ET | [8-K](/filings/0001705696-26-000092.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001705696-26-000092 |
| 2026-08-14 | 20:15 ET | [8-K](/filings/0001104659-26-097167.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-097167 |
| 2026-08-06 | 20:18 ET | [8-K](/filings/0001104659-26-092034.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-092034 |
| 2026-07-29 | 20:19 ET | [10-Q](/filings/0001705696-26-000090.md) | Quarterly report, period 2026-06-30 | 0001705696-26-000090 |
| 2026-07-29 | 20:15 ET | [8-K](/filings/0001705696-26-000088.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001705696-26-000088 |
| 2026-04-29 | 20:18 ET | [10-Q](/filings/0001705696-26-000069.md) | Quarterly report, period 2026-03-31 | 0001705696-26-000069 |
| 2026-04-29 | 20:15 ET | [8-K](/filings/0001705696-26-000068.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001705696-26-000068 |
| 2026-04-28 | 20:15 ET | [8-K](/filings/0001705696-26-000053.md) | 5.07 Shareholder vote results | 0001705696-26-000053 |
| 2026-03-16 | 21:19 ET | [DEF 14A](/filings/0001104659-26-028592.md) | Proxy statement, period 2026-04-28 | 0001104659-26-028592 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001705696-26-000034.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/ef1e2235-d2cc-4936-8a2e-8745fe071c56)

## About the filer

- CIK: 1705696
- Tickers: VICI
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:46 ET. No prices; not investment advice.