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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$1.0B+3.5%
Gross profit$1.0B+3.5%
Net income$872.4M+60.5%
EPS (diluted)$0.82+60.8%

Balance sheet

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Cash & equivalents$480.2M+43.6%
Total debt$19.2B-1.6%
Total equity$28.2B+5.9%
Total assets$47.1B+3.4%

Cash flow

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Operating cash flow$631.9M+6.8%
CapEx$628.0K+303%
Free cash flow$631.2M+6.7%

Valuation

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Market cap$29.01B-19.2%
Enterprise value$47.7B-13.7%
P/E9.4×-3.7×
P/S7.2×-2.0×

Profitability

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Gross margin99.3%0.0pp
Operating margin70%
Net margin76.8%+9.0pp
FCF margin63.1%+0.6pp

Returns & leverage

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Return on equity11.3%+1.2pp
Debt / equity0.7×-0.1×

Where this comes from

Reported directly by VICI Properties Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: VICI Properties Inc.’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001705696-26-000069
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Interest expense(209,362)(209,251)
Interest income4,4933,697
Other losses(21)(118)
Income before income taxes889,928549,809
(Provision for) benefit from income taxes(3,974)2,456
Net income885,954552,265
Less: Net income attributable to non-controlling interests(13,564)(8,658)
Net income attributable to common stockholders$872,390$543,607

Item 1. Financial Statements of VICI Properties Inc. (Unaudited)

FAQ

What is VICI Properties Inc.'s pre-tax income?
VICI Properties Inc. (VICI) reported pre-tax income of $889.93M in Q1 2026.
How has VICI Properties Inc.'s pre-tax income changed year-over-year?
VICI Properties Inc.'s pre-tax income increased by 61.9% year-over-year, from $549.81M to $889.93M.
What is the long-term trend for VICI Properties Inc.'s pre-tax income?
Over 4 years (2021 to 2025), VICI Properties Inc.'s pre-tax income has grown at a 28.8% compound annual growth rate (CAGR), from $1.03B to $2.82B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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