KPIs & Operating Metrics(New)

Vici Properties (VICI) Operating Margin (2016 - 2025)

Vici Properties' Operating Margin history spans 9 years, with the latest figure at 99.24% for Q3 2025.

  • For Q3 2025, Operating Margin rose 131.0% year-over-year to 99.24%; the TTM value through Sep 2025 reached 121.0%, up 954.0%, while the annual FY2025 figure was 97.62%, 22.0% up from the prior year.
  • Operating Margin for Q3 2025 was 99.24% at Vici Properties, roughly flat from 99.26% in the prior quarter.
  • Across five years, Operating Margin topped out at 100.66% in Q2 2021 and bottomed at 73.41% in Q1 2022.
  • The 5-year median for Operating Margin is 97.48% (2023), against an average of 93.47%.
  • The largest YoY upside for Operating Margin was 5768bps in 2021 against a maximum downside of -1901bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 91.1% in 2021, then increased by 9bps to 99.0% in 2022, then decreased by -2bps to 97.48% in 2023, then decreased by 0bps to 97.09% in 2024, then rose by 2bps to 99.24% in 2025.
  • Per Business Quant, the three most recent readings for VICI's Operating Margin are 99.24% (Q3 2025), 99.26% (Q2 2025), and 97.09% (Q4 2024).