The Filings Report

Gaming and Leisure Properties, Inc.

GLPINasdaqCIK 1575965Real Estate / REITsfiscal year ends December59 quarters since 2012

Revenue, Q3 FY2026
$435M
+9.5% on Q3 FY2025
Net income
$208M
−13.9% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.71
−16.5% on Q3 FY2025
Revenue, TTM
$1.7B
trailing four quarters
Net margin, TTM
55.2%
net income $935M
Free cash flow, TTM
—
Cash and equivalents
—
long-term debt $8.1B, Sep 30, 2026
Shares, 12-month change
+2.8%
291M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$919M
8.0% of market value
Market value
$11.4B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 29, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Gaming and Leisure Properties, Inc. reported revenue of $435M, +9.5% on Q3 FY2025, and net income of $208M (−13.9%). Operating margin was 71.2%. Diluted earnings per share were $0.71.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 29, 2026.

Revenue and net incomeRevenueNet income
−$1.5B−$1.0B−$500M$0$500MQ4'22, Revenue: −$975MQ4'22, Net income: $194MQ4'22Q1'23, Revenue: $355MQ1'23, Net income: $183MQ1'23Q2'23, Revenue: $357MQ2'23, Net income: $156MQ2'23Q3'23, Revenue: $360MQ3'23, Net income: $184MQ3'23Q4'23, Revenue: −$1.1BQ4'23, Net income: $211MQ4'23Q1'24, Revenue: $376MQ1'24, Net income: $174MQ1'24Q2'24, Revenue: $381MQ2'24, Net income: $208MQ2'24Q3'24, Revenue: $385MQ3'24, Net income: $185MQ3'24Q4'24, Revenue: $390MQ4'24, Net income: $217MQ4'24Q1'25, Revenue: $395MQ1'25, Net income: $165MQ1'25Q2'25, Revenue: $395MQ2'25, Net income: $151MQ2'25Q3'25, Revenue: $398MQ3'25, Net income: $241MQ3'25Q4'25, Revenue: $407MQ4'25, Net income: $267MQ4'25Q1'26, Revenue: $420MQ1'26, Net income: $232MQ1'26Q2'26, Revenue: $431MQ2'26, Net income: $228MQ2'26Q3'26, Revenue: $435MQ3'26, Net income: $208MQ3'26−$1.5B−$1.0B−$500M$0$500MQ4'22, Revenue: −$975MQ4'22, Net income: $194MQ1'23, Revenue: $355MQ1'23, Net income: $183MQ1'23Q2'23, Revenue: $357MQ2'23, Net income: $156MQ3'23, Revenue: $360MQ3'23, Net income: $184MQ3'23Q4'23, Revenue: −$1.1BQ4'23, Net income: $211MQ1'24, Revenue: $376MQ1'24, Net income: $174MQ1'24Q2'24, Revenue: $381MQ2'24, Net income: $208MQ3'24, Revenue: $385MQ3'24, Net income: $185MQ3'24Q4'24, Revenue: $390MQ4'24, Net income: $217MQ1'25, Revenue: $395MQ1'25, Net income: $165MQ1'25Q2'25, Revenue: $395MQ2'25, Net income: $151MQ3'25, Revenue: $398MQ3'25, Net income: $241MQ3'25Q4'25, Revenue: $407MQ4'25, Net income: $267MQ1'26, Revenue: $420MQ1'26, Net income: $232MQ1'26Q2'26, Revenue: $431MQ2'26, Net income: $228MQ3'26, Revenue: $435MQ3'26, Net income: $208MQ3'26

Net income losses drawn in red.

Free cash flow
$0$100M$200M$300MQ4'22Q1'23, Free cash flow: $231MQ1'23Q2'23, Free cash flow: $235MQ2'23Q3'23, Free cash flow: $241MQ3'23Q4'23Q1'24, Free cash flow: $258MQ1'24Q2'24, Free cash flow: $245MQ2'24Q3'24, Free cash flow: $262MQ3'24Q4'24Q1'25, Free cash flow: $240MQ1'25Q2'25, Free cash flow: $272MQ2'25Q3'25Q4'25Q1'26, Free cash flow: $159MQ1'26Q2'26Q3'26$0$100M$200M$300MQ1'23, Free cash flow: $231MQ1'23Q2'23, Free cash flow: $235MQ3'23, Free cash flow: $241MQ3'23Q1'24, Free cash flow: $258MQ1'24Q2'24, Free cash flow: $245MQ3'24, Free cash flow: $262MQ3'24Q1'25, Free cash flow: $240MQ1'25Q2'25, Free cash flow: $272MQ3'25Q1'26, Free cash flow: $159MQ1'26Q3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$3B$5B$8B$10BQ4'22, Long-term debt: $6.1BQ4'22Q1'23, Long-term debt: $6.3BQ1'23Q2'23, Long-term debt: $6.2BQ2'23Q3'23, Long-term debt: $6.2BQ3'23Q4'23, Long-term debt: $6.6BQ4'23Q1'24, Long-term debt: $6.6BQ1'24Q2'24, Long-term debt: $6.6BQ2'24Q3'24, Long-term debt: $7.4BQ3'24Q4'24, Long-term debt: $7.7BQ4'24Q1'25, Long-term debt: $6.9BQ1'25Q2'25, Long-term debt: $6.9BQ2'25Q3'25, Long-term debt: $7.2BQ3'25Q4'25, Long-term debt: $7.2BQ4'25Q1'26, Long-term debt: $8.1BQ1'26Q2'26, Long-term debt: $8.1BQ2'26Q3'26, Long-term debt: $8.1BQ3'26$0$3B$5B$8B$10BQ4'22, Long-term debt: $6.1BQ1'23, Long-term debt: $6.3BQ1'23Q2'23, Long-term debt: $6.2BQ3'23, Long-term debt: $6.2BQ3'23Q4'23, Long-term debt: $6.6BQ1'24, Long-term debt: $6.6BQ1'24Q2'24, Long-term debt: $6.6BQ3'24, Long-term debt: $7.4BQ3'24Q4'24, Long-term debt: $7.7BQ1'25, Long-term debt: $6.9BQ1'25Q2'25, Long-term debt: $6.9BQ3'25, Long-term debt: $7.2BQ3'25Q4'25, Long-term debt: $7.2BQ1'26, Long-term debt: $8.1BQ1'26Q2'26, Long-term debt: $8.1BQ3'26, Long-term debt: $8.1BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Gaming and Leisure Properties, Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 23, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 24, 2025Q1 FY2025ended Mar 31, 2025filed Apr 24, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue435431420407398395395390+9.5%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative1313181217161914−22.2%
Operating income310332333363337242259308−8.1%
Other income (expense)(96)(97)(93)(87)(88)(85)(88)(84)−8.5%
Pretax income214236240276249157171224−13.9%
Income tax11111111−4.6%
Net income208228232267241151165217−13.9%
Diluted EPS ($)0.710.800.82—0.850.540.60—−16.5%
Diluted shares (millions)291286284—284278275——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Gaming and Leisure Properties, Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 23, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 24, 2025Q1 FY2025ended Mar 31, 2025filed Apr 24, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents—————————
Short-term investments———0000561—
Total current assets—————————
Total assets14,09614,15513,76512,91012,78712,49212,13313,076+10.2%
Total current liabilities—————————
Long-term debt8,0818,0788,0757,2047,2016,8926,8897,736+12.2%
Total liabilities8,7428,7748,7297,9017,8317,5597,5388,430+11.6%
Stockholders’ equity4,9554,9834,6354,6264,5764,5554,2154,269+8.3%
Shares outstanding (millions)291291283283283283275275—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Gaming and Leisure Properties, Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 23, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 24, 2025Q1 FY2025ended Mar 31, 2025filed Apr 24, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow280350270343240293252292+16.4%
Capital expenditures——111——2113——
Free cash flow (CFO − capex)——159——272240——
Depreciation and amortization7471696872746968+2.5%
Share repurchases—————————
Dividends paid239238221221221221209209+8.1%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 19, 2026.

Income statement

Gaming and Leisure Properties, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 19, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 16, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 22, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Mar 25, 2014FY2012ended Dec 31, 2012filed Mar 25, 2014FY2011ended Dec 31, 2011filed Mar 25, 2014
Revenue1,5951,532001101031281,056971828575591235211232
Cost of revenue——00535775————————
Gross profit———————————————
Research and development———————————————
Selling, general and administrative636056516169657163718381432525
Operating income1,2011,1311,0691,030842809717594606481257259544453
Other income (expense)(349)(321)(311)(310)(279)(300)(322)(249)(215)(184)(122)(115)(23)(6)(7)
Pretax income853810757720562510396344390297136144303746
Income tax222172845510875161419
Net income825785734685534506391340381289128139152327
Diluted EPS ($)2.952.872.772.702.262.301.811.581.791.601.081.180.130.200.23
Diluted shares (millions)280274265254236220216215213181118118116116116

Balance sheet

Gaming and Leisure Properties, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 19, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 16, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 22, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Mar 25, 2014FY2012ended Dec 31, 2012filed Mar 25, 2014FY2011ended Dec 31, 2011filed Mar 25, 2014
Cash and equivalents——————2726293742362851517
Short-term investments05610————————————
Total current assets———————————————
Total assets12,91013,07611,80710,93010,6909,0348,4348,5777,2477,3692,4482,5252,609267—
Total current liabilities———————————————
Long-term debt7,2047,7366,6286,1286,5525,755—5,8534,4434,6652,5102,5702,350——
Total liabilities7,9018,4307,2986,8127,3006,3596,3606,3124,7894,9352,7022,7022,47231—
Stockholders’ equity4,6264,2694,1574,1183,3902,6752,0742,2662,4582,434(254)(176)137236220
Shares outstanding (millions)283275272262248233215215213208117114112——

Cash flow statement

Gaming and Leisure Properties, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 27, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 24, 2022FY2020ended Dec 31, 2020filed Feb 19, 2021FY2019ended Dec 31, 2019filed Feb 21, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 16, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 22, 2016FY2014ended Dec 31, 2014filed Feb 27, 2015FY2013ended Dec 31, 2013filed Mar 25, 2014FY2012ended Dec 31, 2012filed Mar 25, 2014FY2011ended Dec 31, 2011filed Mar 25, 2014
Operating cash flow1,1291,0731,009920804428750654599514—————
Capital expenditures————1400000161391225
Free cash flow (CFO − capex)————790428750654599514—————
Depreciation and amortization283273276255252243259148124116110107———
Share repurchases———————————————
Dividends paid87283183477163423158955052942825249400—

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$422K
1 purchases by 1 insider; officers and directors $422K
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$422K
1 purchases by 1 insider; officers and directors $422K
Sold, twelve months
$4M
11 sales by 4 insiders; officers and directors $4M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 18, 2026Shanks Earl CDirectoropen-market buy10,000$42.24$422K107,259Aug 19, 2026
Jun 10, 2026Urdang E ScottDirectoropen-market sale3,000$48.32$145K127,429Jun 11, 2026
Feb 27, 2026Burke Desiree A.CFO and Treasureropen-market sale10b5-19,804$49.02$481K128,352Feb 27, 2026
Feb 24, 2026Moore Brandon JohnPresident, COO, and Secretaryopen-market sale10b5-116,884$48.05$811K257,874Feb 24, 2026
Feb 23, 2026Moore Brandon JohnPresident, COO, and Secretaryopen-market sale10b5-1114$48.01$5K274,758Feb 24, 2026
Feb 23, 2026Urdang E ScottDirectoropen-market sale4,000$47.37$189K130,429Feb 24, 2026
Feb 20, 2026Moore Brandon JohnPresident, COO, and Secretaryopen-market sale10b5-11,376$48.05$66K274,872Feb 24, 2026
Jan 7, 2026Ladany StevenSVP Chief Development Officeropen-market sale10b5-113,409$45.04$604K57,886Jan 7, 2026
Jan 5, 2026Ladany StevenSVP Chief Development Officeropen-market sale10b5-12,825$44.30$125K71,295Jan 5, 2026
Jan 3, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding3,190$44.42$142K276,248Jan 5, 2026
Jan 3, 2026Carlino Peter MChairman and CEO, Directortax withholding7,974$44.42$354K6MJan 5, 2026
Jan 3, 2026Burke Desiree A.CFO and Treasurertax withholding2,610$44.42$116K138,156Jan 5, 2026
Jan 3, 2026Ladany StevenSVP Chief Development Officertax withholding2,175$44.42$97K74,120Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding3,770$44.69$168K279,438Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretaryaward34,804$0.00—297,633Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding1,627$44.69$73K286,584Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretaryaward3,741$0.00—288,211Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding3,376$44.69$151K283,208Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding15,137$44.69$676K282,496Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretaryaward3,494$0.00—285,990Jan 5, 2026
Jan 2, 2026Moore Brandon JohnPresident, COO, and Secretarytax withholding1,520$44.69$68K284,470Jan 5, 2026
Jan 2, 2026Carlino Peter MChairman and CEO, Directoraward8,735$0.00—6MJan 5, 2026
Jan 2, 2026Carlino Peter MChairman and CEO, Directortax withholding3,799$44.69$170K6MJan 5, 2026
Jan 2, 2026Carlino Peter MChairman and CEO, Directortax withholding4,068$44.69$182K6MJan 5, 2026
Jan 2, 2026Carlino Peter MChairman and CEO, Directortax withholding8,107$44.69$362K6MJan 5, 2026

Full insider history for Gaming and Leisure Properties, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held GLPI in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded GLPI by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$82M2M0.12%held −0.1%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Gaming and Leisure Properties, Inc., CIK 1575965 on EDGAR
Extract generated
November 4, 2026
Withheld
5 line-years whose four quarters do not sum to the filed year: net income FY2018, net income FY2019, dividends FY2020, dividends FY2022, dividends FY2023
Repaired
2 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: revenue FY2019, revenue FY2020
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: ShortTermInvestments
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt, LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets, PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/GLPI.json