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Vornado Realty Trust (VNO) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Vornado Realty Trust (VNO) over the last 17 years, with Q4 2025 value amounting to $387.9 million.

  • Vornado Realty Trust's Operating Expenses fell 19.99% to $387.9 million in Q4 2025 from the same period last year, while for Dec 2025 it was $1.6 billion, marking a year-over-year increase of 65.17%. This contributed to the annual value of $1.6 billion for FY2025, which is 65.17% up from last year.
  • As of Q4 2025, Vornado Realty Trust's Operating Expenses stood at $387.9 million, which was down 19.99% from $406.7 million recorded in Q3 2025.
  • In the past 5 years, Vornado Realty Trust's Operating Expenses registered a high of $430.0 million during Q4 2023, and its lowest value of $314.8 million during Q2 2021.
  • Moreover, its 5-year median value for Operating Expenses was $380.0 million (2023), whereas its average is $378.0 million.
  • Examining YoY changes over the last 5 years, Vornado Realty Trust's Operating Expenses showed a top increase of 3149.98% in 2021 and a maximum decrease of 3922.01% in 2021.
  • Over the past 5 years, Vornado Realty Trust's Operating Expenses (Quarter) stood at $368.9 million in 2021, then rose by 10.08% to $406.1 million in 2022, then grew by 5.89% to $430.0 million in 2023, then decreased by 9.62% to $388.6 million in 2024, then decreased by 0.2% to $387.9 million in 2025.
  • Its Operating Expenses was $387.9 million in Q4 2025, compared to $406.7 million in Q3 2025 and $378.7 million in Q2 2025.