Filing Flows › Vici Properties (VICI) › Q2 2026 › vs Q2 2025
Vici Properties (VICI) Q2 2026 vs Q2 2025 (year over year)
Vici Properties's revenue rose $57.2M (+6%) from $1.0B in Q2 2025 to $1.1B in Q2 2026. Operating margin 50.5% against 88.3% (-37.7 pts).
Vici Properties, Q2 2026: revenue $1.1B (+6% year over year), operating margin 50.5%, net earnings $527M, operating cash flow $728M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 50.5% | 88.3% | -37.7 pts |
| Net margin | 49.7% | 86.4% | -36.7 pts |
| Free cash flow margin | 68.8% | 63.8% | +4.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $57.2M | +6% |
| Operating profit | $535M | $884M | −$349M | -39% |
| Costs & expenses | $524M | $117M | $406M | +346% |
| Pre-tax earnings | $535M | $884M | −$349M | -39% |
| Cost of revenue | $7.4M | $6.6M | $776K | +12% |
| General & admin | $15.4M | $14.6M | $868K | +6% |
| Other operating costs | $501M | $96.2M | $405M | +420% |
| Income tax benefit | $461K | −$5.6M | $6.0M | — |
| Net earnings | $527M | $865M | −$339M | -39% |
| Minority interests | $8.8M | $13.3M | −$4.5M | -34% |
| Depreciation | $998K | $741K | $257K | +35% |
| Share-based compensation | $4.6M | $4.4M | $170K | +4% |
| Working capital & other | $196M | −$230M | $426M | — |
| Operating cash flow | $728M | $640M | $88.3M | +14% |
| Free cash flow (OCF − capex) | $728M | $639M | $88.8M | +14% |
| Capital expenditures | $166K | $672K | −$506K | -75% |
Questions
How much did Vici Properties's revenue grow year over year in Q2 2026?
Vici Properties's revenue rose $57.2M (+6%) from $1.0B in Q2 2025 to $1.1B in Q2 2026. Operating margin 50.5% against 88.3% (-37.7 pts).