Vici Properties (VICI) Operating Expenses (2016 - 2026)

Vici Properties' (VICI) quarterly Operating Expenses came in at $16.9 million in Q1 2026, down 92.59% year-on-year from $228.7 million in Q1 2025, and down 16.45% quarter-over-quarter from $20.3 million in Q4 2025.

Vici Properties (VICI) Operating Expenses (2016 - 2026) Analysis & Trends

Vici Properties has disclosed Operating Expenses across 11 years of filings, most recently posting $16.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $16.9 million, down 92.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $69.8 million (down 81.97% YoY), and the FY2025 annual result was $358.5 million, up 16.09% from the prior year.
  • Operating Expenses came in at $16.9 million for Q1 2026 at Vici Properties, down from $20.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $602.5 million in Q2 2022 to a low of -$15.3 million in Q4 2023.
  • The 5-year median for Operating Expenses is $20.3 million (2025), against an average of $110.2 million.
  • Across the five-year window, Operating Expenses tumbled 225.07% in 2023 and jumped 9772.26% in 2025, its largest moves.
  • Vici Properties' Operating Expenses stood at $12.3 million in 2022, then sank by 225.07% to -$15.3 million in 2023, then jumped by 1047.39% to $145.2 million in 2024, then slumped by 86.03% to $20.3 million in 2025, then dropped by 16.45% to $16.9 million in 2026.
  • The last three Operating Expenses figures came in at $16.9 million (Q1 2026), $20.3 million (Q4 2025), and $17.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 16.94 Mn
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - 58.06 Mn
3 American Assets Trust 1.46 Bn 1.40 Bn - 86.87 Mn
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 85.31 Mn
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 47.74 Mn
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - 135.70 Mn
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 5.08 Mn
8 Gladstone Commercial 608.72 Mn 778.76 Mn - 25.24 Mn
9 AH Realty Trust 540.92 Mn 723.25 Mn - 40.55 Mn
10 One Liberty Properties 510.56 Mn 490.30 Mn - 18.68 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 16.94 Mn
Dec 31, 2025 20.28 Mn
Sep 30, 2025 17.28 Mn
Jun 30, 2025 15.30 Mn
Mar 31, 2025 228.72 Mn
Dec 31, 2024 145.17 Mn
Sep 30, 2024 13.14 Mn
Jun 30, 2024 155,000.00
Mar 31, 2024 150.37 Mn
Dec 31, 2023 -15.32 Mn
Sep 30, 2023 139.51 Mn
Jun 30, 2023 344,000.00
Mar 31, 2023 150.63 Mn
Dec 31, 2022 12.25 Mn
Sep 30, 2022 270.64 Mn
Jun 30, 2022 602.52 Mn
Mar 31, 2022 105.49 Mn
Dec 31, 2021 28.21 Mn
Sep 30, 2021 30.44 Mn
Jun 30, 2021 -7.71 Mn