Vici Properties (VICI) Operating Expenses (2016 - 2026)
Vici Properties (VICI) posted Operating Expenses of $15.4 million for Q2 2026, down 3.42% sequentially from $16.0 million in Q1 2026, and up 5.96% YoY from $14.6 million in Q2 2025.
Vici Properties (VICI) Operating Expenses (2016 - 2026) Analysis & Trends
Vici Properties has reported Operating Expenses for 11 years, with the latest figure at $15.4 million in Q2 2026.
- Quarterly Operating Expenses rose 5.96% year-over-year to $15.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $67.1 million (down 83.3% YoY) and the FY2025 annual result came in at $358.5 million, up 16.09% from the prior year.
- Operating Expenses fell to $15.4 million in Q2 2026 per VICI's latest filing, from $16.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $602.5 million in Q2 2022 and troughed at -$15.3 million in Q4 2023.
- A 5-year average of $104.7 million and a median of $17.8 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses tumbled 225.07% in 2023, then surged 9294.19% in 2025.
- Over 5 years, Operating Expenses stood at $12.3 million in 2022, then sank by 225.07% to -$15.3 million in 2023, then soared by 1047.39% to $145.2 million in 2024, then slumped by 86.69% to $19.3 million in 2025, then declined by 20.13% to $15.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $15.4 million, $16.0 million, and $19.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 315.61 Mn |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | 70.36 Mn |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 80.99 Mn |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 83.18 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 86.39 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 85.94 Mn |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | 335.61 Mn |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 32.69 Mn |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 125.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.43 Mn |
| 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 |