VICI
Vici PropertiesPrevious close
24.46
Change
−0.06 / −0.24%
P/E (TTM) ?
9.5
Market Cap
$26.2B
1M
+6.49%
S&P 500 −0.91% over same period
Volume / Avg Volume
11.9M / 9.1M
1.30× average
Latest earnings analysisFY2026 Q2Reported 2026-07-29
VICI Q2 2026: revenue up 5.7%, AFFO per share $0.62 on higher rents
VICI's rent collection engine kept humming in Q2 2026: revenue rose 5.7% to $1.06 billion and AFFO climbed 7.8% to $679.6 million, even as GAAP net income fell 39.1% to $526.5 million on a non-cash credit-loss allowance swing. The headline miss — AFFO per share of $0.62 versus the $0.725 estimate — reflects acquisition timing and a bigger share count more than tenant stress. Read the quarter through AFFO and rent growth, not GAAP net income.
Read the full analysis →Revenue$1.06BYoY +5.70%
EPS (non-GAAP)$0.62Missest. $0.72
Next-day move−3.02%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-29 | $1.1B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-29 | $1.0B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-25 | $4.0B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-30 | $1.0B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-30 | $1.0B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-30 | $984M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 10 of its 5-year rangeCheap
5-year range 9.1 – 13.4 · Median 12.0
Last 4 quarters: $0 in buybacks + $1.9B in dividends, 7.41% of market cap combined
P/E (TTM)
9.5
P/B
0.9
P/S
6.4
Dividend Yield
5.79%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.7% on average on the first trading day after, rising 3 times
Most recent −3.02%
Volatility & Correlation
1-year beta -0.02 · Correlation with S&P 500 -0.01Low beta
Annualized volatility 19% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 1.07 | +5.8% | 99.4% | 0.34 | 0.31 |
| FY2026 Q2 | 1.06 | +5.7% | 99.3% | 0.53 | 0.48 |
| FY2026 Q1 | 1.02 | +3.5% | 99.4% | 0.87 | 0.82 |
| FY2025 Q4 | 1.01 | +3.8% | 99.3% | 0.60 | 0.57 |
| FY2025 Q3 | 1.01 | +4.4% | 99.3% | 0.76 | 0.71 |
| FY2025 Q2 | 1.00 | +4.6% | 99.3% | 0.87 | 0.82 |
| FY2025 Q1 | 0.98 | +3.4% | 99.4% | 0.54 | 0.51 |
| FY2024 Q4 | 0.98 | +4.7% | 99.3% | 0.61 | 0.58 |
| FY2024 Q3 | 0.96 | +6.7% | 99.3% | 0.73 | 0.70 |
| FY2024 Q2 | 0.96 | +6.6% | 99.3% | 0.74 | 0.71 |
| FY2024 Q1 | 0.95 | +8.4% | 99.3% | 0.59 | 0.57 |
| FY2023 Q4 | 0.93 | +21.0% | 99.1% | 0.75 | 0.71 |