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

Vici Properties' (VICI) quarterly Operating Margin came in at 97.7% in Q1 2026, up 2159.0% year-on-year from 4.32% in Q1 2025, and little changed quarter-over-quarter from 97.31% in Q4 2025.

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

Vici Properties has disclosed Operating Margin across 11 years of filings, most recently posting 97.7% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 97.7%, up 2159.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 97.61% (up 827.0% YoY), and the FY2025 annual result was 90.38%, down 90.0% from the prior year.
  • Operating Margin came in at 97.7% for Q1 2026 at Vici Properties, roughly flat from 97.31% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 100.76% in Q4 2023 to a low of 8.19% in Q2 2022.
  • The 5-year median for Operating Margin is 97.31% (2025), against an average of 84.72%.
  • Across the five-year window, Operating Margin plunged 9247 bps in 2022 and soared 9104 bps in 2023, its largest moves.
  • Vici Properties' Operating Margin stood at 97.59% in 2022, then grew by 3 bps to 100.76% in 2023, then decreased by 16 bps to 84.44% in 2024, then climbed by 15 bps to 97.31% in 2025, then increased by 0 bps to 97.7% in 2026.
  • The last three Operating Margin figures came in at 97.7% (Q1 2026), 97.31% (Q4 2025), and 97.61% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 97.70%
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - -
3 American Assets Trust 1.46 Bn 1.40 Bn - 21.09%
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 23.05%
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 15.48%
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 25.00%
8 Gladstone Commercial 608.72 Mn 778.76 Mn - -
9 AH Realty Trust 540.92 Mn 723.25 Mn - 22.22%
10 One Liberty Properties 510.56 Mn 490.30 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 97.70%
Dec 31, 2025 97.31%
Sep 30, 2025 97.61%
Jun 30, 2025 97.81%
Mar 31, 2025 76.12%
Dec 31, 2024 84.44%
Sep 30, 2024 97.93%
Jun 30, 2024 99.27%
Mar 31, 2024 83.51%
Dec 31, 2023 100.76%
Sep 30, 2023 83.87%
Jun 30, 2023 99.23%
Mar 31, 2023 82.16%
Dec 31, 2022 97.59%
Sep 30, 2022 63.30%
Jun 30, 2022 8.19%
Mar 31, 2022 73.41%
Dec 31, 2021 91.10%
Sep 30, 2021 90.53%
Jun 30, 2021 100.66%