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