Gaming & Leisure Properties, Inc.
GLPI- Exchange
- Nasdaq
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001575965
In the last 90 days, Gaming & Leisure Properties, Inc. insiders filed 1 open-market purchase and 0 sales; 630 institutions reported holding it in 13F filings for Q2 2026, worth $12.4B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:18 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Revenue | $1.59B | $1.53B | $1.44B | $1.31B | $1.22B |
| Cost of revenue | – | – | $0 | $0 | $53.0M |
| Selling, general and administrative | $63.5M | $59.6M | $56.5M | $51.3M | $61.2M |
| Operating income | $1.20B | $1.13B | $1.07B | $1.03B | $841.8M |
| Interest expense | – | $366.9M | $323.4M | $309.3M | $283.0M |
| Income tax | $2.23M | $2.13M | $2.00M | $17.1M | $28.3M |
| Net income | $825.1M | $784.6M | $734.3M | $684.7M | $534.0M |
| EPS, basic | $2.95 | $2.87 | $2.78 | $2.71 | $2.27 |
| EPS, diluted | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 |
| Weighted shares, basic | 279.6M | 272.8M | 264.1M | 252.7M | 235.5M |
| Weighted shares, diluted | 280.0M | 273.5M | 265.0M | 253.8M | 236.2M |
| Margins and growth | |||||
| Operating margin | 75.3% | 73.8% | 74.2% | 78.5% | 69.2% |
| Net margin | 51.7% | 51.2% | 51.0% | 52.2% | 43.9% |
| Revenue growth, year over year | +4.1% | +6.3% | +9.8% | +7.8% | +5.5% |
| Net income growth, year over year | +5.2% | +6.9% | +7.2% | +28.2% | +5.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Short-term investments | $0 | $560.8M | – | – | – |
| Property, plant and equipment | – | – | – | – | $13.0M |
| Total assets | $12.9B | $13.1B | $11.8B | $10.9B | $10.7B |
| Long-term debt | $7.20B | $7.74B | $6.63B | $6.13B | $6.55B |
| Total liabilities | $7.90B | $8.43B | $7.30B | $6.81B | $7.30B |
| Shareholders' equity | $5.01B | $4.65B | $4.51B | $4.12B | $3.39B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Operating cash flow | $1.13B | $1.07B | $1.01B | $920.1M | $803.8M |
| Capital expenditures | – | $134.0K | $67.0K | $159.0K | $13.9M |
| Free cash flow | – | $1.07B | $1.01B | $920.0M | $789.9M |
| Depreciation and amortization | $282.9M | $273.4M | $276.4M | $254.5M | $252.0M |
| Stock-based compensation | $21.2M | $24.3M | $22.9M | $20.4M | $16.8M |
| Dividends paid | $871.9M | $830.7M | $834.0M | $770.9M | $633.9M |
| Investing cash flow | -$308.8M | -$1.61B | -$650.8M | -$354.5M | -$1.03B |
| Financing cash flow | -$1.06B | $311.8M | $86.4M | -$1.05B | $443.1M |
| Net change in cash | -$238.3M | -$221.4M | $444.9M | -$485.5M | $238.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.3% | 1.6% | 1.6% | 1.6% | 1.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 290.9M | +2.8% | SEC |
| Jul 18, 2026 | 290.9M | +2.8% | SEC |
| Apr 17, 2026 | 283.2M | +3.1% | SEC |
| Feb 13, 2026 | 283.2M | +3.1% | SEC |
| Oct 18, 2025 | 283.0M | +3.1% | SEC |
| Jul 18, 2025 | 283.0M | +3.1% | SEC |
| Apr 19, 2025 | 274.8M | +1.2% | SEC |
| Feb 14, 2025 | 274.8M | +1.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.