Friday 6 November 2026 Export GLPI’s income statement to Excel — free account

Gaming and Leisure Properties, Inc.

Gaming and Leisure Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 4.13% from fiscal 2024.

Revenue: +9.52%
EPS: −16.5%
Free cash flow: −47.0%
Total debt: +12.1%

Quarter to September 2026, against a year earlier

39.44 0.39 −0.98%

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Market cap: $11.5B
P/E: 12.1×
Fwd P/E: 12.0×
Dividend yield: 8.11%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Gaming and Leisure Properties, Inc. (GLPI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2018: revenue by segment, and margins
GLP Capital L P	923	87.45%
TRS Properties	133	12.55%
Gross margin		84.29%
Operating margin		56.25%
Pre-tax margin		32.63%

Revenue by product or service $m

Line	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Real Estate	—	—	—	923 87.45%	829 85.37%	684 82.61%
Slot machines	—	—	—	—	—	119 14.41%
Table Games	—	—	—	—	—	18 2.18%
Food and Beverage	—	—	—	—	—	11 1.34%
Poker	—	—	—	—	—	1 0.14%
Promotional allowances	—	—	—	—	—	(6) (0.68%)
Gaming, food, beverage and other	—	—	—	—	—	144
Revenue	110	103	128	1,056	971	828

Gross profit by product or service $m, and margin

	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Gaming, food, beverage and other	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
GLP Capital L P	923 87.45%	829 85.37%	684 82.61%	427 74.28%	437 73.92%	70 29.68%	0 0.00%	—
TRS Properties	133 12.55%	142 14.63%	144 17.39%	148 25.72%	154 26.08%	166 70.32%	211 100.00%	232 100.00%
Revenue	1,056	971	828	575	591	235	211	232

Operating income by segment $m, and margin

	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
GLP Capital L P	‡	‡	‡	‡	‡	‡	‡	‡
TRS Properties	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q3 FY2026	$1.04	$0.97	+7.22%
FFO a share	Q3 FY2026	$0.92	$1.08	−14.81%
Properties	Q3 FY2026	71.00	68.00	+4.41%
States	Q3 FY2026	21.00	20.00	+5.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
States	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.