VICI VICI Properties margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 81

Gross margin

97.5%

Operating margin

88.7%

EBITDA margin

88.2%

Net margin

67.5%

The VICI Properties shows a gross margin of 97.5%, an operating margin of 88.7%, an EBITDA margin of 88.2%, and a net margin of 67.5%. Across the available margins, gross margin advanced the most and operating margin weakened the most, by 0.2 and 3.8 percentage points respectively.

VICI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, VICI Properties's margins averaged 97.33% gross, 92.64% operating, 92.15% EBITDA, and 70.49% net. For VICI Properties, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

VICI margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, gross margin expanded by 0.2 percentage points, while operating margin contracted by 3.8 percentage points, EBITDA margin by 3.7 percentage points, and net margin by 2.7 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

-3.8pp

EBITDA margin expansion

-3.7pp

Net margin expansion

-2.7pp

VICI Gross margin

Looking at the last 3 years, VICI Properties had an average gross margin of 97.33%. Against its three-year average, VICI Properties's gross margin is currently 97.5%, 0.2 percentage points above its three-year average. Looking back over the last 3 years, VICI Properties's gross margin reached 97.5% at its highest point in Jun 2026 and 97.2% at its lowest in Dec 2023.

VICI Operating margin

Looking back over the last 3 years, VICI Properties recorded an average operating margin of 92.64%. VICI Properties's current operating margin is 88.7% and is 3.9 percentage points below its three-year average. The highest operating margin for VICI Properties was 98.7% in Mar 2026, while the lowest was 88.7% in Jun 2026.

VICI EBITDA margin

Over the last 3 years, VICI Properties's EBITDA margin averaged 92.15%. At present, VICI Properties's current EBITDA margin is 88.2%, which is 4 percentage points below its three-year average. During this period, EBITDA margin reached a high of 98.1% in Mar 2026 and a low of 88.2% in Jun 2026.

VICI Net margin

Over the last 3 years, VICI Properties's net margin averaged 70.49%. The current net margin of 67.5% is 3 percentage points below its three-year average. During this period, net margin reached a high of 76.8% in Mar 2026 and a low of 67.5% in Jun 2026.

VICI margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 97.5%, VICI is above the Real Estate sector and the industry average. Compared to its Real Estate sector average of 63%, VICI Properties's gross margin is 55% higher.

VICI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is VICI Properties's gross margin?

As of Jun 30, 2026, VICI has a gross margin of 97.5%.

What is VICI Properties's operating margin?

The current operating margin for VICI is 88.7% as of Jun 30, 2026.

What is VICI Properties's EBITDA margin?

The current EBITDA margin for VICI is 88.2% as of Jun 30, 2026.

What is VICI Properties's net margin?

The current net margin for VICI is 67.5% as of Jun 30, 2026.

What are the average margins of VICI?

VICI Properties's gross, operating, EBITDA, and net margins averaged 97.3% gross, 92.6% operating, 92.2% EBITDA, and 70.5% net over the last 3 years.

What are the highest historical margins of VICI?

Over the last 5 years, VICI Properties's highest margins were 97.5% gross in Jun 2026, 98.7% operating in Mar 2026, 98.1% EBITDA in Mar 2026, and 76.8% net in Mar 2026.

What are the lowest historical margins of VICI?

VICI Properties's lowest recorded margins during the past 5 years were 96.7% gross in Mar 2022, 54.5% operating in Sep 2022, 56.2% EBITDA in Sep 2022, and 34.1% net in Jun 2022.