VICI
VICI Properties Inc.Stock · Real EstateUS REITs 1.6% · S&P 500 Equal Weight 0.2% · S&P 500 0.04% · Russell 1000 0.04% · Russell 3000 0.04% · US Stock Market 0.04% · MSCI ACWI 0.03% · MSCI World 0.03%$24.83+0.40%
as of market close, Sep 11, 2026
☾ AH — —
VICI financial statements
The full income statement, balance sheet, and cash-flow statement for VICI Properties Inc. (VICI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.05B2024-09 1.05B2024-12 1.06B2025-03 1.06B2025-06 1.07B2025-09 1.07B2025-12 1.07B2026-03 1.07B2026-06 1.10B+5.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.01B+4.1% | 3.85B+6.6% | 3.61B+38.9% | 2.60B+72.3% | 1.51B+23.2% | ||
| Lease income | — | — | — | 0.00 | 0.00-100.0% | |
| Cost of revenue | 26.7M-0.6% | 26.9M-0.7% | 27.1M+19.9% | 22.6M+8.9% | 20.8M+17.8% | |
| Selling, general & administrative | 65.1M-5.8% | 69.1M+15.9% | 59.6M+23.3% | 48.3M+45.9% | 33.1M+8.0% | |
| General & administrative | 65.1M-5.8% | 69.1M+15.9% | 59.6M+23.3% | 48.3M+45.9% | 33.1M+8.0% | |
| Interest expense | 844M+2.1% | 826M+1.0% | 818M+51.5% | 540M+37.6% | 392M+27.1% | |
| Interest & investment income | 14.4M-10.8% | 16.1M-32.9% | 24.0M+151.5% | 9.53M+7841.7% | 120K-98.2% | |
| Equity-method income | 0.00 | 0.00-100.0% | 1.28M-97.9% | 59.8M | 0.00 | |
| Pre-tax income | 2.82B+3.3% | 2.73B+7.2% | 2.55B+123.7% | 1.14B+11.0% | 1.03B+14.4% | |
| Income tax | 2.44M-74.9% | 9.70M+258.0% | -6.14M-313.5% | 2.88M-0.4% | 2.89M+247.4% | |
| 2.78B+3.6% | 2.68B+6.6% | 2.51B+124.9% | 1.12B+10.2% | 1.01B+13.7% | ||
| Net income to non-controlling interest | 43.1M+1.5% | 42.4M+3.3% | 41.1M+120.5% | 18.6M+100.2% | 9.31M+105.3% | |
| $2.61+2.0% | $2.56+3.6% | $2.47+94.5% | $1.27-27.8% | $1.76+0.6% | ||
| EPS (basic) | $2.61+2.0% | $2.56+3.2% | $2.48+95.3% | $1.27-29.4% | $1.80+2.3% | |
| Weighted-avg shares (basic) | 1.06B+1.5% | 1.05B+3.2% | 1.01B+15.6% | 878M+55.5% | 564M+11.5% | |
| Weighted-avg shares (diluted) | 1.06B+1.4% | 1.05B+3.1% | 1.02B+15.5% | 880M+52.4% | 577M+12.9% | |
| Dividends per share | $1.76+4.1% | $1.70+5.3% | $1.61+7.3% | $1.50+8.7% | $1.38+10.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 563M+7.4% | 525M+0.4% | 523M+150.1% | 209M-71.8% | 740M+134.1% | |
| Short-term investments | 44.5M | 0.00 | 0.00-100.0% | 217M | 0.00-100.0% | |
| 46.7B+3.0% | 45.4B+3.0% | 44.1B+17.3% | 37.6B+113.5% | 17.6B+3.1% | ||
| Property, plant & equipment | 68.0M-3.3% | 70.3M+5.1% | 66.9M-0.4% | 67.2M-1.9% | 68.5M-1.0% | |
| Operating lease right-of-use | — | — | 38.3M-14.8% | 45.0M+167.7% | 16.8M-4.0% | |
| Deferred tax assets | 9.54M+62.6% | 5.87M-37.8% | 9.42M | 0.00 | — | |
| 18.5B+0.5% | 18.4B+0.1% | 18.4B+20.4% | 15.3B+182.5% | 5.41B-28.5% | ||
| Long-term debt | 16.8B+0.2% | 16.7B+0.1% | 16.7B+21.7% | 13.7B+192.7% | 4.69B-30.6% | |
| Operating lease liability (total) | 21.5M+1.0% | 21.3M+39.7% | 15.2M-5.3% | 16.1M-4.3% | 16.8M-4.0% | |
| Finance lease liability (total) | 863M-0.1% | 863M-0.3% | 866M+10.4% | 784M+179.6% | 281M-1.4% | |
| Deferred tax liabilities | 6.62M+73.6% | 3.81M-15.4% | 4.51M+3.8% | 4.34M+11.9% | 3.88M+9.8% | |
| 27.8B+4.7% | 26.5B+5.1% | 25.3B+15.1% | 21.9B+81.1% | 12.1B+28.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 10.7M+1.2% | 10.6M+1.3% | 10.4M+8.3% | 9.63M+53.1% | 6.29M+17.2% | |
| Additional paid-in capital | 24.9B+1.6% | 24.5B+1.6% | 24.1B+11.5% | 21.6B+84.1% | 11.8B+25.5% | |
| Retained earnings | 2.77B+48.2% | 1.87B+93.4% | 966M+936.7% | 93.2M-73.1% | 346M+148.1% | |
| Accumulated other comprehensive income | 121M-16.3% | 145M-6.0% | 154M-17.0% | 185M+20867.5% | 884K+101.0% | |
| Non-controlling interest | 425M+2.7% | 414M+3.0% | 402M+12.7% | 356M+351.8% | 78.9M+1.3% | |
| Total equity incl. non-controlling | 28.2B+4.7% | 27.0B+5.0% | 25.7B+15.1% | 22.3B+82.9% | 12.2B+28.4% | |
| Total liabilities & equity | 46.7B+3.0% | 45.4B+3.0% | 44.1B+17.3% | 37.6B+113.5% | 17.6B+3.1% | |
| Common shares issued | 1.07B+1.2% | 1.06B+1.3% | 1.04B+8.3% | 963M+53.1% | 629M+17.2% | |
| Common shares outstanding | 1.07B+1.2% | 1.06B+1.3% | 1.04B+8.3% | 963M+53.1% | 629M+17.2% | |
| Shares outstanding (cover) | 1.07B+1.2% | 1.06B+1.3% | 1.04B+3.9% | 1.00B+34.1% | 748M+39.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.51B+5.4% | 2.38B+9.2% | 2.18B+12.2% | 1.94B+116.8% | 896M+1.4% | ||
| Depreciation & amortization | 3.64M-11.8% | 4.13M-4.0% | 4.30M+35.1% | 3.18M+2.9% | 3.09M-17.2% | |
| Share-based compensation | 16.2M-7.5% | 17.5M+12.7% | 15.5M+19.6% | 13.0M+38.6% | 9.37M+26.8% | |
| Deferred income taxes | -1.74M-132.0% | 5.44M+152.2% | -10.4M-2366.5% | 460K+32.9% | 346K | |
| -905M+2.0% | -923M+68.2% | -2.90B+68.8% | -9.30B-22546.9% | 41.4M+100.9% | ||
| Capital expenditure | 0.00-100.0% | 412M+70.8% | 241M-94.0% | 4.02B | 0.00-100.0% | |
| Free cash flow | 2.51B+27.4% | 1.97B+1.5% | 1.94B+193.5% | -2.07B-331.4% | 896M+271.2% | |
| Acquisitions | 0.00 | 0.00-100.0% | 1.27B-72.3% | 4.57B | 0.00 | |
| -1.57B-7.5% | -1.46B-241.2% | 1.03B-84.9% | 6.83B+1428.3% | -514M-117.9% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 375M-0.9% | 379M-84.7% | 2.48B-23.0% | 3.22B+34.9% | 2.39B+54.9% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.85B+5.7% | 1.75B+10.7% | 1.58B+29.9% | 1.22B+60.7% | 759M+23.9% | |
| FX effect on cash | 160K-64.0% | 445K+806.3% | -63.0K | 0.00 | 0.00 | |
| Net change in cash | 38.9M+1804.2% | 2.04M-99.3% | 314M+159.1% | -531M-225.3% | 424M+153.9% | |
| Interest paid | 779M-0.3% | 781M+2.5% | 763M+63.4% | 467M+44.4% | 323M+23.1% | |
| Income taxes paid | 7.34M+119.8% | 3.34M-32.1% | 4.92M+62.5% | 3.02M+68.9% | 1.79M+219.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 30.1B-2.6% | 30.9B-6.4% | 33.0B+5.7% | 31.2B+38.5% | 22.5B+64.7% | |
| P/E | 10.8×-6.0% | 11.5×-17.2% | 13.9×-64.5% | 39.2×+76.6% | 22.2×+44.8% | |
| P/S | 7.5×-6.4% | 8.0×-16.1% | 9.6×-32.2% | 14.1×-5.6% | 14.9×+33.7% | |
| P/B | 1.1×-7.0% | 1.2×-14.8% | 1.4×-5.0% | 1.4×-22.8% | 1.9×+28.0% | |
| P/FCF | 12.0×-23.6% | 15.7×-11.8% | 17.8× | — | 25.1× | |
| Earnings yield | 9.2%+6.4% | 8.7%+20.8% | 7.2%+182.0% | 2.5%-43.4% | 4.5%-30.9% | |
| FCF yield | 8.4%+30.8% | 6.4%+13.4% | 5.6% | — | 4.0% | |
| Dividend yield | 6.3%+8.2% | 5.8%+14.9% | 5.1%+9.1% | 4.6%+1.0% | 4.6%-6.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VICI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VICI filings on SEC EDGAR → Not investment advice.