VICI Properties Inc.
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Financial Performance
Revenue
$4.0B
Market Cap
$33.5B
Net Income
$2.8B
Employees
90
VICI Properties is functioning as the undisputed dominant gaming and experiential real estate investment trust, extracting stable, inflation-protected revenues from its irreplaceable portfolio of the most iconic casino, resort, and entertainment destinations in North America. Under CEO Edward Pitoniak, the gaming REIT generated exactly $3.9 billion in revenue and maintains a $33.5 billion market cap with just 90 employees. The financial narrative in 2026 is entirely defined by experiential real estate expansion beyond gaming; leveraging its extraordinary triple-net lease expertise, VICI extracts stable revenues from Caesar's Palace, MGM Grand, and Venetian while furiously deploying capital into non-gaming experiential destinations — golf courses, bowling entertainment centers, and live music venues.
Revenue Trend Analysis
YoY Change
+5.3%
2-Year CAGR
+5.4%
Peak Year
2025
Trend
Consistent Growth
VICI Properties Inc. has reported revenue across 3 fiscal years, compounding at +5.4% annually over 2 years. The most recent year saw a 5.3% increase versus the prior year. Revenue peaked in 2025 at $4.0B. Out of 2 reported periods, 2 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $4.0B | $2.8B | +5.3% |
| FY2024 | $3.8B | — | +5.6% |
| FY2023 | $3.6B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
VICI Properties Inc. reported approximately $3.9B in fiscal year 2025 with a team of 90 employees worldwide.
VICI Properties Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Experiential Real Estate Investment Trust is driven by steady cash generation and pricing power, enabling VICI Properties Inc. to reinvest in high-return strategic initiatives.
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CorpDigest. "VICI Properties Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/vici/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>VICI Properties Inc. reported $4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/vici/financials" target="_blank" rel="noopener">CorpDigest — VICI Properties Inc. financials</a></div>