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