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

Vici Properties (VICI) reported Operating Expenses of $16.0 million for Q1 2026, down 93.02% on a YoY basis from $228.7 million in Q1 2025, and down 17.3% sequentially from $19.3 million in Q4 2025.

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

Vici Properties (VICI) has 11 years of Operating Expenses data on file, last reported at $16.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 93.02% year-over-year to $16.0 million; the trailing twelve-month figure through Mar 2026 stood at $66.2 million (down 82.9% YoY), and the FY2025 full-year result was $358.5 million, up 16.09% from the prior year.
  • Operating Expenses fell to $16.0 million in Q1 2026, from $19.3 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.
  • A 5-year average of $110.0 million and a median of $19.3 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses sank 225.07% in 2023 and soared 9294.19% in 2025, its largest moves.
  • Tracing VICI's Operating Expenses over 5 years: stood at $12.3 million in 2022, then slumped by 225.07% to -$15.3 million in 2023, then soared by 1047.39% to $145.2 million in 2024, then tumbled by 86.69% to $19.3 million in 2025, then decreased by 17.3% to $16.0 million in 2026.
  • Business Quant data shows VICI's Operating Expenses at $16.0 million in Q1 2026, $19.3 million in Q4 2025, and $16.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 15.98 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 255.10 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 58.06 Mn
4 American Assets Trust 1.47 Bn 1.41 Bn - 86.87 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 85.31 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 160.87 Mn
7 Cim 917.30 Mn 735.54 Mn - 64.12 Mn
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 135.70 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 30.88 Mn
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 25.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 15.98 Mn
Dec 31, 2025 19.32 Mn
Sep 30, 2025 16.34 Mn
Jun 30, 2025 14.56 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