Vici Properties (VICI) Operating Margin (2016 - 2026)
Vici Properties (VICI) posted Operating Margin of 97.84% for Q2 2026, little changed sequentially from 97.8% in Q1 2026, and down 4.0% YoY from 101.92% in Q2 2025.
Vici Properties (VICI) Operating Margin (2016 - 2026) Analysis & Trends
Vici Properties has reported Operating Margin for 11 years, with the latest figure at 97.84% in Q2 2026.
- Quarterly Operating Margin fell 4.0% year-over-year to 97.84% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 97.69% (up 859.0% YoY) and the FY2025 annual result came in at 90.38%, down 90.0% from the prior year.
- Operating Margin was little changed at 97.84% in Q2 2026 per VICI's latest filing, from 97.8% in the prior quarter.
- Over five years, Operating Margin peaked at 100.76% in Q4 2023 and troughed at 8.19% in Q2 2022.
- A 5-year average of 85.47% and a median of 97.5% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 9247 bps in 2022, then surged 9104 bps in 2023.
- Over 5 years, Operating Margin stood at 97.59% in 2022, then rose by 3 bps to 100.76% in 2023, then dropped by 16 bps to 84.44% in 2024, then increased by 15 bps to 97.4% in 2025, then increased by 0 bps to 97.84% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 97.84%, 97.8%, and 97.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 69.48% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 31.24% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 48.66% |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 24.02% |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 24.65% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | -70.45% |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 30.23% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 47.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 97.84% |
| Mar 31, 2026 | 97.80% |
| Dec 31, 2025 | 97.40% |
| Sep 30, 2025 | 97.71% |
| Jun 30, 2025 | 97.88% |
| 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% |