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Vornado Realty VNO Total Operating Expenses

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Other financials

Income statement

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Revenue$459.1M-0.5%
Net income-$7.3M-107%
EPS (diluted)-$0.12-128%

Balance sheet

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Cash & equivalents$1.2B+50.1%
Total debt$3.5B+376%
Total equity$6.0B+13.2%
Total assets$15.9B+2.1%

Cash flow

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Operating cash flow$47.7M-8.2%
CapEx$171.8M
Free cash flow-$124.1M-338%

Valuation

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Market cap$7.11B-29.8%
Enterprise value$9.4B+3.6%
P/E8.9×-52.0×
P/S3.9×-1.7×

Profitability

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Operating margin26.9%
Net margin44%+34.8pp
FCF margin75.8%+47.7pp

Returns & leverage

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Return on equity14%+11.0pp
Debt / equity0.6×+0.4×

Where this comes from

Reported directly by Vornado Realty in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Vornado Realty’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vornado Realty's total operating expenses?
Vornado Realty (VNO) reported total operating expenses of $408.75M in Q1 2026.
How has Vornado Realty's total operating expenses changed year-over-year?
Vornado Realty's total operating expenses increased by 8.0% year-over-year, from $378.45M to $408.75M.
What is the long-term trend for Vornado Realty's total operating expenses?
Over 4 years (2021 to 2025), Vornado Realty's total operating expenses has grown at a 3.2% compound annual growth rate (CAGR), from $1.37B to $1.55B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.