Vici Properties (VICI) Operating Margin (2016 - 2026)
Vici Properties' Operating Margin was 52.20% in Q3 2026, down 44.80 percentage points from 97.00% a year earlier and down 17.28 percentage points from the prior quarter.
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Analysis
Vici Properties (VICI) Operating Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vici Properties' Operating Margin was 76.68% through Sep 30, 2026, down 14.98 percentage points year-over-year; for FY2025, it was 90.38%, down 0.90 percentage points from FY2024.
- Operating Margin shows a five-year change of +18.01 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 91.28% in FY2024 (-0.35 pp), 91.63% in FY2023 (+30.60 pp), 61.03% in FY2022 (-32.58 pp) and 93.61% in FY2021 (+21.25 pp).
- The Q3 2026 figure marks the lowest quarterly Operating Margin since Q2 2022.
- Compared with a year earlier, Operating Margin was higher in two of the last eight quarters, with an average year-over-year change of -9.16 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q2 2023 (a gain of 91.04 percentage points); the worst was Q2 2022 (a drop of 92.47 percentage points).
- Per Business Quant data, VICI's Operating Margin in the three quarters before Q3 2026 was 69.48% (Q2 2026), 106.86% (Q1 2026) and 79.62% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.03 Bn | 165.05 Bn | 1.47 Bn | 9.10% |
| 2 | Prologis | 123.12 Bn | 117.08 Bn | - | 43.76% |
| 3 | Simon Property | 75.49 Bn | 71.55 Bn | - | 46.02% |
| 4 | Public Storage | 62.37 Bn | 61.09 Bn | - | 23.20% |
| 5 | Realty Income | 56.23 Bn | 54.51 Bn | - | - |
| 6 | Ventas | 46.05 Bn | 44.73 Bn | - | - |
| 7 | Extra Space Storage | 33.71 Bn | 32.62 Bn | 650.96 Mn | 44.04% |
| 8 | Vici Properties | 27.71 Bn | 26.06 Bn | 1.06 Bn | 52.20% |
| 9 | Vivmark Residential | 24.79 Bn | 24.57 Bn | - | - |
| 10 | Essex Property Trust | 17.73 Bn | 17.49 Bn | - | 31.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 52.20% |
| Jun 30, 2026 | 69.48% |
| Mar 31, 2026 | 106.86% |
| Dec 31, 2025 | 79.62% |
| Sep 30, 2025 | 97.00% |
| Jun 30, 2025 | 108.64% |
| 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% |
API Access
Vici Properties Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=VICI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "VICI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=VICI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();