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Vornado Realty VNO Q4 2025 earnings

Reported February 9, 2026 · After market close

Revenue$453.7MBeat by $9.0M
EPS$0.55Beat by $0.49
Revenue estimate$444.7M
EPS estimate$0.06

Next report

Nov 2, 2026 (in a month)
Revenue estimate$475.9M
EPS estimate-$0.13

Financials

Q4 2025

Income statement

See full
Revenue$453.7M-0.9%
Net income$16.1M-3.6%
EPS (diluted)$0.010.0%

Balance sheet

See full
Cash & equivalents$977.5M+2.9%
Total debt$3.0B-10.6%
Total equity$6.0B+16.1%
Total assets$15.5B-3.0%

Cash flow

See full
Operating cash flow$146.3M-29.1%
CapEx$51.4M
Free cash flow$94.8M-54.0%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$6.39B-20.3%
Enterprise value$8.38B-19.3%
P/E7.1×-107×
P/S3.5×-1.0×

Profitability

See full
Net margin50%+46.0pp

Returns & leverage

See full
Return on equity16.2%+14.9pp
Debt / equity0.5×-0.1×

Segments

By product

See full
BMS cleaning fees$41.2M+10.9%
Tenant services$11.1M+13.7%
Parking revenues$5.4M+3.2%
Management and leasing fees$2.6M+3.6%

By segment

See full
New York$374.8M-2.3%
Other$78.9M+6.5%

FAQ

When did Vornado Realty report Q4 2025 earnings?
Vornado Realty (VNO) reported Q4 2025 earnings on February 9, 2026 after market close.
What were Vornado Realty's Q4 2025 revenue and EPS?
Vornado Realty reported revenue of $453.7M and eps of $0.55 for Q4 2025.
Did Vornado Realty beat estimates in Q4 2025?
Revenue beat the consensus estimate of $444.7M by $9.0M. EPS beat the consensus estimate of $0.06 by $0.49.
How did Vornado Realty's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.9% from $457.8M a year earlier and eps declined 9.8% from $0.61.
Where can I find Vornado Realty's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000899689-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.