Vornado Realty Trust (VNO) Revenue & Revenue Breakdown

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Vornado Realty Trust Revenue Highlights

Latest Revenue (Y)

$1.81B

Latest Revenue (Q)

$459.11M

Main Segment (Y)

Rental Revenue

Vornado Realty Trust Revenue by Period

Vornado Realty Trust Revenue by Year

Date	Revenue	Change
2025-12-31	$1.81B	1.27%
2024-12-31	$1.79B	-1.30%
2023-12-31	$1.81B	0.62%
2022-12-31	$1.80B	13.26%
2021-12-31	$1.59B	4.01%
2020-12-31	$1.53B	-20.61%
2019-12-31	$1.92B	-11.05%
2018-12-31	$2.16B	3.82%
2017-12-31	$2.08B	-16.84%
2016-12-31	$2.51B	0.16%
2015-12-31	$2.50B	-5.07%
2014-12-31	$2.64B	-4.53%
2013-12-31	$2.76B	-0.20%
2012-12-31	$2.77B	-5.12%
2011-12-31	$2.92B	4.89%
2010-12-31	$2.78B	1.35%
2009-12-31	$2.74B	1.69%
2008-12-31	$2.70B	-9.30%
2007-12-31	$2.97B	9.65%
2006-12-31	$2.71B	6.46%
2005-12-31	$2.55B	49.22%
2004-12-31	$1.71B	13.59%
2003-12-31	$1.50B	4.74%
2002-12-31	$1.44B	46.49%
2001-12-31	$979.67M	21.91%
2000-12-31	$803.61M	21.12%
1999-12-31	$663.50M	46.02%
1998-12-31	$454.40M	124.28%
1997-12-31	$202.60M	72.72%
1996-12-31	$117.30M	14.11%
1995-12-31	$102.80M	16.95%
1994-12-31	$87.90M	83.13%
1993-12-31	$48.00M	-

Vornado Realty Trust generated $1.81B in revenue during NA 2025, up 1.27% compared to the previous quarter, and up 118.49% compared to the same period a year ago.

Vornado Realty Trust Revenue by Quarter

Date	Revenue	Change
2026-03-31	$459.11M	1.19%
2025-12-31	$453.71M	0.00%
2025-09-30	$453.70M	2.78%
2025-06-30	$441.44M	-4.36%
2025-03-31	$461.58M	0.83%
2024-12-31	$457.79M	3.28%
2024-09-30	$443.25M	-1.56%
2024-06-30	$450.27M	3.18%
2024-03-31	$436.38M	-1.25%
2023-12-31	$441.89M	-2.02%
2023-09-30	$451.00M	-4.52%
2023-06-30	$472.36M	5.93%
2023-03-31	$445.92M	-0.23%
2022-12-31	$446.94M	-2.29%
2022-09-30	$457.43M	0.87%
2022-06-30	$453.49M	2.57%
2022-03-31	$442.13M	5.00%
2021-12-31	$421.08M	2.90%
2021-09-30	$409.21M	7.99%
2021-06-30	$378.94M	-0.27%
2021-03-31	$379.98M	0.94%
2020-12-31	$376.43M	3.43%
2020-09-30	$363.96M	6.10%
2020-06-30	$343.03M	-22.83%
2020-03-31	$444.53M	-3.57%
2019-12-31	$460.97M	-1.07%
2019-09-30	$465.96M	0.62%
2019-06-30	$463.10M	-13.38%
2019-03-31	$534.67M	-1.61%
2018-12-31	$543.42M	0.25%
2018-09-30	$542.05M	0.04%
2018-06-30	$541.82M	1.00%
2018-03-31	$536.44M	0.04%
2017-12-31	$536.23M	1.41%
2017-09-30	$528.75M	-15.54%
2017-06-30	$626.04M	0.84%
2017-03-31	$620.85M	-2.73%
2016-12-31	$638.26M	0.80%
2016-09-30	$633.20M	1.85%
2016-06-30	$621.71M	1.41%
2016-03-31	$613.04M	-5.92%
2015-12-31	$651.58M	3.82%
2015-09-30	$627.60M	1.83%
2015-06-30	$616.29M	1.56%
2015-03-31	$606.80M	-4.93%
2014-12-31	$638.24M	-4.87%
2014-09-30	$670.91M	0.65%
2014-06-30	$666.61M	0.91%
2014-03-31	$660.62M	-2.06%
2013-12-31	$674.53M	-1.29%
2013-09-30	$683.38M	-0.36%
2013-06-30	$685.86M	-4.88%
2013-03-31	$721.02M	4.80%
2012-12-31	$687.97M	-3.24%
2012-09-30	$710.98M	1.48%
2012-06-30	$700.59M	-3.69%
2012-03-31	$727.47M	-1.93%
2011-12-31	$741.82M	1.99%
2011-09-30	$727.34M	-0.38%
2011-06-30	$730.15M	-0.94%
2011-03-31	$737.11M	8.36%
2010-12-31	$680.26M	-3.79%
2010-09-30	$707.03M	1.57%
2010-06-30	$696.11M	-0.03%
2010-03-31	$696.33M	-3.15%
2009-12-31	$719.00M	7.12%
2009-09-30	$671.22M	-1.06%
2009-06-30	$678.38M	-0.53%
2009-03-31	$682.01M	-2.05%
2008-12-31	$696.26M	2.82%
2008-09-30	$677.14M	0.41%
2008-06-30	$674.37M	-

Vornado Realty Trust generated $459.11M in revenue during Q1 2026, up 1.19% compared to the previous quarter, and up 100.29% compared to the same period a year ago.

Vornado Realty Trust Revenue Breakdown

Vornado Realty Trust Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Parking Revenue	$20.32M	$19.21M	$20.36M	-	-
Product and Service, Other	$82.93M	$54.98M	$48.70M	-	-
Fee And Other Income	$252.18M	$218.88M	$203.68M	$192.31M	$164.68M
Rental Revenue	$1.56B	$1.57B	$1.61B	$1.61B	$1.42B

Vornado Realty Trust's latest annual revenue breakdown by segment (product or service), as of Dec 25: Rental Revenue (81.43%), Fee And Other Income (13.18%), Product and Service, Other (4.33%), and Parking Revenue (1.06%).

Quarterly Revenue by Product

Product/Service	Mar 26	Dec 25	Jun 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Fee And Other Income	$59.92M	$193.00M	$59.19M	$116.00M	$55.78M	$47.10M	$50.39M	$50.63M	$53.52M	$49.13M	$50.88M	$48.29M	$48.30M	$44.85M	$44.66M	$40.01M	$39.34M	$40.66M	$37.52M	$41.71M
Rental Revenue	$399.18M	$1.18B	$382.25M	$792.06M	$387.47M	$389.28M	$391.49M	$400.37M	$418.83M	$396.79M	$396.06M	$409.14M	$405.19M	$397.28M	$376.42M	$369.20M	$339.60M	$339.32M	$338.91M	$322.25M
Product and Service, Other	$17.86M	$64.11M	$18.83M	$31.10M	$15.17M	$8.71M	$36.76M	$11.94M	-	-	-	-	-	-	-	-	-	-	-	-
Parking Revenue	$5.17M	$15.33M	$4.99M	$9.97M	$4.59M	$4.65M	$15.46M	$4.89M	-	-	-	-	-	-	-	-	-	-	-	-

Vornado Realty Trust's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Rental Revenue (82.80%), Fee And Other Income (12.43%), Product and Service, Other (3.70%), and Parking Revenue (1.07%).

Vornado Realty Trust Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
DLR	Digital Realty Trust	$6.11B	$1.64B
RITM	Rithm Capital	$4.72B	$1.38B
STWD	Starwood Property Trust	$1.84B	$513.13M
VNO	Vornado Realty Trust	$1.81B	$459.11M
BRX	Brixmor Property Group	$1.37B	$354.82M
FRT	Federal Realty Investment Trust	$1.28B	$322.25M
KRC	Kilroy Realty	$1.11B	$270.05M
NNN	NNN REIT	$926.21M	$240.42M
STAG	STAG Industrial	$845.18M	$224.21M
FR	First Industrial Realty Trust	$727.08M	$194.83M
CTRE	CareTrust REIT	$476.39M	$142.78M

VNO Revenue FAQ

What is Vornado Realty Trust’s yearly revenue?

Vornado Realty Trust's yearly revenue for 2025 was $1.81B, representing an increase of 1.27% compared to 2024. The company's yearly revenue for 2024 was $1.79B, representing a decrease of -1.30% compared to 2023. VNO's yearly revenue for 2023 was $1.81B, representing an increase of 0.62% compared to 2022.

What is Vornado Realty Trust’s quarterly revenue?

Vornado Realty Trust's quarterly revenue for Q1 2026 was $459.1M, a 1.19% increase from the previous quarter (Q4 2025), and a -0.54% decrease year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $453.71M, a 0.00% increase from the previous quarter (Q3 2025), and a -0.89% decrease year-over-year (Q4 2024). VNO's quarterly revenue for Q3 2025 was $453.7M, a 2.78% increase from the previous quarter (Q2 2025), and a 2.36% increase year-over-year (Q3 2024).

What is Vornado Realty Trust’s revenue growth rate?

Vornado Realty Trust's revenue growth rate for the last 3 years (2023-2025) was -0.04%, and for the last 5 years (2021-2025) was 13.92%.

What are Vornado Realty Trust’s revenue streams?

Vornado Realty Trust's revenue streams in c 25 are Parking Revenue, Product and Service, Other, Fee And Other Income, and Rental Revenue. Parking Revenue generated $20.32M in revenue, accounting 1.06% of the company's total revenue, up 5.76% year-over-year. Product and Service, Other generated $82.93M in revenue, accounting 4.33% of the company's total revenue, up 50.86% year-over-year. Fee And Other Income generated $252.18M in revenue, accounting 13.18% of the company's total revenue, up 15.22% year-over-year. Rental Revenue generated $1.56B in revenue, accounting 81.43% of the company's total revenue, down -0.67% year-over-year.

What is Vornado Realty Trust’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Vornado Realty Trust was Rental Revenue. This segment made a revenue of $1.56B, representing 81.43% of the company's total revenue.