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Vornado Realty Trust (VNO) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Real Estate · REIT - Office · DATA UPDATED 2026-07-10

Vornado Realty Trust (VNO) operates in the REIT - Office industry and is headquartered in New York, United States with about 3,145 employees. Its market capitalization is roughly $8 billion. In the fiscal year ended 2025-12-31, VNO reported $1.8B in revenue and $905M in net income.

Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco.

Interactive charts & full statements → Open the VNO valuation workbench →

VNO Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$1.8B$1.8B$1.8B$1.8B
Gross Profit$906M$926M$792M
Operating Income (EBIT)$272M$264M$301M$288M
Net Income$905M$70M$106M($346M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VNO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$459M$454M$454M$441M$462M
Operating Income (EBIT)$52M$66M$57M$66M$82M
Net Income($7M)$16M$27M$759M$102M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VNO Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($203M)($203M)($191M)($469M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VNO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($16M)($157M)($16M)($16M)($16M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VNO Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$15.5B$16.0B$16.2B$16.5B
Total Liabilities$8.7B$9.8B$9.8B$10.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive VNO viewer.

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