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| Date | Value |
|---|---|
| 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 |