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Vici Properties Inc. (VICI)

Vici Properties Inc. brought in $4.2B of revenue over the twelve months to September 30, 2026, up 4.7% from a year earlier. Net income was $2.3B, a net margin of 56.5%. At September 30, 2026 it held $270.3M in cash against $16.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.

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Price
$24.99
-0.68% on the day · November 10, 2026
52-week range $22.43 to $30.83
Market cap
$27.5B
Revenue (last 12 months)
$4.2B
+4.7% year on year
Net margin
56.5%
P/E
9.6
on FY2025 diluted EPS

Key facts about Vici Properties Inc.

Net worth
Vici Properties Inc. has a market value (market cap) of $27.5B at the latest share price, and shareholders' equity of $29B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $4B (+4.1% year on year), with net income of $2.8B. Over the 12 months to September 30, 2026: revenue $4.2B, net income $2.3B.
Cash flow
In fiscal 2025 operations brought in $2.5B of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Vici Properties Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Dividend
Vici Properties Inc. declared dividends of $1.77 per share in fiscal 2025, a yield of 7.06% at the current price.

What Vici Properties Inc. does

Vici Properties Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker VICI.

Revenue and profit by year

Revenue
FY18: $898M $898M FY18FY19: $894.8M $894.8M FY19FY20: $1.2B $1.2B FY20FY21: $1.5B $1.5B FY21FY22: $2.6B $2.6B FY22FY23: $3.6B $3.6B FY23FY24: $3.8B $3.8B FY24FY25: $4B $4B FY25
Net income
FY18: $523.6M $523.6M FY18FY19: $546M $546M FY19FY20: $891.7M $891.7M FY20FY21: $1B $1B FY21FY22: $1.1B $1.1B FY22FY23: $2.5B $2.5B FY23FY24: $2.7B $2.7B FY24FY25: $2.8B $2.8B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$4Bn/a$2.8B$2.61n/a
2024$3.8Bn/a$2.7B$2.56n/a
2023$3.6Bn/a$2.5B$2.47n/a
2022$2.6Bn/a$1.1B$1.27n/a
2021$1.5Bn/a$1B$1.76n/a
2020$1.2B$321M$891.7M$1.75n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 24, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 25, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where VICI ranks in Real estate

Revenue$4B
#21 of 232 in Real estate · Top 9%
Revenue growth+4.1%
#103 of 207 in Real estate · Top 50%
Net margin69.3%
#6 of 210 in Real estate · Top 2%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Dividends

Vici Properties Inc. declared $1.77 per share in fiscal 2025. At the current price that is a yield of 7.06%. It paid out $1.9B in cash dividends, 67% of its net income.

Fiscal yearPer sharePaid outOf profit
2025$1.77$1.9B67%
2024$1.70$1.8B65%
2023$1.61$1.6B63%
2022$1.50$1.2B109%
2021$1.38$758.8M75%
2020$1.26$612.2M69%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Vici Properties Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 28, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 5.8% to $1.1B versus the same quarter last year; diluted EPS $0.31 versus $0.71.
  2. October 28, 2026
  3. September 22, 2026
    Executive or director change8-K/AJohn M. Sullivan has officially joined the Board of Directors as an independent director following regulatory approvals.
  4. September 8, 2026
  5. August 14, 2026
  6. August 6, 2026
  7. July 29, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.7% to $1.1B versus the same quarter last year; diluted EPS $0.48 versus $0.82.
  8. July 29, 2026
  9. April 30, 2026
  10. April 29, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 3.5% to $1B versus the same quarter last year; diluted EPS $0.82 versus $0.51.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 5, 2026. Insider transactions on SEC

Insider trades

What the people running Vici Properties Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 8 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
October 1, 2026 Douglas Monica HowardDirector Received as pay 175 - - Form 4
October 1, 2026 Holland Elizabeth IDirector Received as pay 287 - - Form 4
October 1, 2026 Abrahamson James RDirector Received as pay 1,060 - - Form 4
October 1, 2026 Sullivan John MDirector Received as pay 292 - - Form 4
October 1, 2026 Cantor Diana FDirector Received as pay 557 - - Form 4
October 1, 2026 Rumbolz Michael DDirector Received as pay 371 - - Form 4
October 1, 2026 Macnab CraigDirector Received as pay 530 - - Form 4
September 24, 2026 Sullivan John MDirector Received as pay 5,562 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns VICI

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Vanguard Portfolio Management13G, passive 7.86% 84,055,500 April 29, 2026
Vanguard Capital Management13G, passive 6.91% 73,873,566 April 30, 2026

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026); Capital International Investors 1.8% (November 13, 2025); Capital Research Global Investors 4.8% (November 13, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 942 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.129,333,957$3.43B-137,969
Vanguard Portfolio Management LLC86,343,952$2.29B+2,399,143
State Street Corp67,155,780$1.81B+2,920,133
Vanguard Capital Management LLC65,331,968$1.73B+1,474,402
Geode Capital Management, LLC40,211,201$1.09B+1,554,914
Allianz Asset Management GmbH31,273,464$836.1M+313,204
Bank of America Corp29,329,887$778.7M+1,381,385
Jpmorgan Chase & Co21,119,533$574M-4,272,039
Invesco Ltd.17,376,791$461.4M+346,307
Northern Trust Corp16,413,021$435.8M+876,013
Dimensional Fund Advisors LP16,011,928$425.1M+554,326
Charles Schwab Investment Management Inc15,589,536$413.9M+1,169,719
Norges Bank14,474,088$384.3Mnew
Legal & General Group Plc13,804,687$366.5M-120,404
Fmr LLC13,110,556$348.1M+5,047,104
Man Group plc11,986,780$318.2M+1,059,919
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC10,699,040$284.1M+349,262
Hsbc Holdings PLC10,604,710$281.6M+952,165
Massachusetts Financial Services Co9,573,752$262M+644,506
Goldman Sachs Group Inc9,575,848$254.2M+776,580

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

12 insiders reported holding 3,116,676 shares in total, about $77.9M at the last price.

HolderSharesAs of
Pitoniak Edward BaltazarChief Executive Officer, Director 1,291,210 June 1, 2026
Payne John W RPresident and COO 474,365 February 24, 2026
Kieske David AndrewChief Financial Officer 417,500 February 24, 2026
Gallagher Samantha SacksGeneral Counsel and EVP 368,018 February 24, 2026
Abrahamson James RDirector 174,158 October 1, 2026
Macnab CraigDirector 82,694 October 1, 2026
Rumbolz Michael DDirector 79,282264 held indirectly October 1, 2026
Cantor Diana FDirector 67,191 October 1, 2026
Holland Elizabeth IDirector 66,611 October 1, 2026
Douglas Monica HowardDirector 47,955 October 1, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about VICI

What does Vici Properties Inc. do?

Vici Properties Inc. is a company in the Real estate sector, listed on NYSE as VICI. Its shares trade on NYSE under the ticker VICI.

What is Vici Properties Inc.'s net worth?

Vici Properties Inc. has a market value (market cap) of $27.5B at the latest share price, and shareholders' equity of $29B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Vici Properties Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $2.3B on revenue of $4.2B, a net margin of 56.5%.

How much revenue does Vici Properties Inc. make?

Over the twelve months to September 30, 2026 Vici Properties Inc. reported revenue of $4.2B. That is 4.7% more than a year earlier.

When did Vici Properties Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026.

When is Vici Properties Inc.'s next earnings report?

Vici Properties Inc.'s next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

Does Vici Properties Inc. pay a dividend?

Yes. Vici Properties Inc. declared dividends of $1.77 per share in fiscal 2025, a yield of 7.06% at the current price.

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Where the numbers come from

Financial figures are the values Vici Properties Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.