Vici Properties (VICI): financials, SEC filings and peers
Vici Properties (VICI) is a hotel & resort reits company in the Real Estate sector of the S&P 500, headquartered in New York City, New York.
It was founded in 2017 and joined the S&P 500 on June 8, 2022.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Vici Properties at a glance
- Revenue (12 months)
- $4.1B
- Revenue growth
- +4.4%
- Operating margin
- 89.1%
- Net income (12 months)
- $2.8B
- Free cash flow (12 months)
- —
- Cash
- $288M
- Debt
- $16.9B
- Diluted EPS (12 months)
- $2.57
Twelve months to June 30, 2026, from the 10-Q filed July 29, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Vici Properties reported revenue of $4.1 billion, about the same as a year earlier (+4.4%).
Its operating margin was 89.1%, down 3.7 percentage points from a year earlier: for every $100 of sales, about $89 was left as operating profit.
Net income was $2.8 billion (67.5% of revenue), 0.3% higher than a year earlier.
At the end of the period it held $288 million in cash and $16.9 billion in debt, a net debt position of $16.6 billion.
The diluted share count rose 3.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $1.2 billion in fiscal 2020 to $4.0 billion in fiscal 2025, about 26.7% a year.
- Revenue has grown for 5 fiscal years in a row.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.6B | $3.6B | $3.8B | $4.0B |
| Revenue growth | 23.2% | 72.3% | 38.9% | 6.6% | 4.1% |
| Operating margin | — | — | — | — | — |
| Net income | $1.0B | $1.1B | $2.5B | $2.7B | $2.8B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $1.76 | $1.27 | $2.47 | $2.56 | $2.61 |
Fiscal years as reported in Vici Properties’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K/A filed September 22, 2026 — Executive or director change
- 8-K filed September 8, 2026 — Executive or director change
- 8-K filed August 14, 2026 — Material agreement; New debt obligation
- 8-K filed August 6, 2026 — Material agreement; Other event
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 29, 2026 — Earnings results; Regulation FD disclosure
- 10-Q filed April 29, 2026 — quarterly report
- 8-K filed April 29, 2026 — Earnings results; Regulation FD disclosure
Companies like Vici Properties
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Questions about Vici Properties
Is Vici Properties's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $4.1 billion, up 4.4% from a year earlier, according to its SEC filings.
Is Vici Properties profitable?
Yes. It earned $2.8 billion in net income over the twelve months to June 30, 2026, a net margin of 67.5%.
Does Vici Properties have more cash or more debt?
At June 30, 2026 it had $288 million in cash and $16.9 billion in debt, so more debt than cash.
When did Vici Properties last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Vici Properties?
In the S&P 500, Vici Properties is grouped in Hotel & Resort REITs within the Real Estate sector. Host Hotels & Resorts (HST) are in the same group.
Understand the numbers
Source: Vici Properties’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.