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VICI
VICI Properties Inc.Stock · Real EstateS&P 500 0.1%
$26.74+$0.42 (+1.60%)as of market close, Jul 24, 2026
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How VICI Properties makes money

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How does VICI Properties make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

VICI Properties Inc. · FY2025 · year ended 2025-12-31
Revenue$4.0BGross profit$4.0B · 99%Cost of revenue$27M · 1%Operating income$3.9B · 98%Operating expenses$65M · 2%SG&A$65M · 2%Pre-tax income$2.8B · 69%Other expense$1.1B · 28%Net income$2.8B · 69%Income tax$0 · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.