Filing Flows › Vici Properties (VICI) › Q1 2026 › vs Q1 2025
Vici Properties (VICI) Q1 2026 vs Q1 2025 (year over year)
Vici Properties's revenue rose $34.3M (+3%) from $984M in Q1 2025 to $1.0B in Q1 2026. Operating margin 87.4% against 55.9% (+31.5 pts).
Vici Properties, Q1 2026: revenue $1.0B (+4% year over year), operating margin 87.4%, net earnings $872M, operating cash flow $632M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 87.4% | 55.9% | +31.5 pts |
| Net margin | 85.7% | 55.2% | +30.4 pts |
| Free cash flow margin | 62.0% | 60.1% | +1.9 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0B | $984M | $34.3M | +3% |
| Operating profit | $890M | $550M | $340M | +62% |
| Costs & expenses | $129M | $434M | −$306M | -70% |
| Pre-tax earnings | $890M | $550M | $340M | +62% |
| Cost of revenue | $6.5M | $6.4M | $117K | +2% |
| General & admin | $16.0M | $14.9M | $1.1M | +8% |
| Other operating costs | $106M | $413M | −$307M | -74% |
| Net earnings | $872M | $544M | $329M | +60% |
| Minority interests | $13.6M | $8.7M | $4.9M | +57% |
| Income tax | $4.0M | −$2.5M | $6.4M | — |
| Depreciation | $967K | $996K | −$29K | -3% |
| Share-based compensation | $4.1M | $2.9M | $1.2M | +42% |
| Working capital & other | $246M | −$44.4M | $290M | — |
| Operating cash flow | $632M | $592M | $40.0M | +7% |
| Free cash flow (OCF − capex) | $631M | $592M | $39.5M | +7% |
| Capital expenditures | $628K | $156K | $472K | +303% |
Questions
How much did Vici Properties's revenue grow year over year in Q1 2026?
Vici Properties's revenue rose $34.3M (+3%) from $984M in Q1 2025 to $1.0B in Q1 2026. Operating margin 87.4% against 55.9% (+31.5 pts).