Vail Resorts Income Statement

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	2,922	2,964	2,885	2,889	2,526	1,910
Revenue Growth (YoY)	-0.83%	2.74%	-0.14%	14.39%	32.27%	-2.75%
Cost of Revenue	171.8	181.99	188.05	203.28	162.41	112.54
Gross Profit	2,750	2,782	2,697	2,686	2,363	1,797
Selling, General & Admin	1,945	1,942	1,868	1,844	1,528	1,257
Depreciation & Amortization Expenses	299.16	296.44	279.07	269.18	252.39	252.59
Other Operating Expenses	-6.79	-15.75	60.82	68.7	-19.08	26.13
Total Operating Expenses	2,237	2,222	2,208	2,182	1,762	1,536
Operating Income	512.79	559.96	488.85	504.42	601.73	261.02
Interest Income	12.11	14.05	19.65	24.35	6.3	7.28
Interest Expense	-187.87	-171.63	-164.6	-155.45	-148.18	-151.4
Other Non-Operating Income (Expense)	1.79	0.02	-4.14	-2.91	-2.68	8.28
Total Non-Operating Income (Expense)	-173.97	-157.56	-149.09	-134	-144.57	-135.83
Pretax Income	338.82	402.4	339.76	370.42	457.16	125.18
Provision for Income Taxes	88.01	104.42	92.78	87.64	88.82	0.73
Net Income	230.55	280	231.11	265.83	347.92	127.85
Minority Interest in Earnings	20.26	17.97	15.87	16.96	20.41	-3.39
Net Income to Common	230.55	280	231.11	265.83	347.92	127.85
Net Income Growth	-10.79%	21.16%	-13.06%	-23.60%	172.13%	29.36%
Shares Outstanding (Basic)	36	37	38	40	40	40
Shares Outstanding (Diluted)	36	37	38	40	41	41
Shares Change (YoY)	-3.24%	-1.98%	-4.54%	-2.28%	-0.34%	-0.02%
EPS (Basic)	6.14	7.54	6.10	6.70	8.60	3.17
EPS (Diluted)	6.13	7.53	6.09	6.69	8.55	3.13
EPS Growth	-9.19%	23.64%	-8.97%	-21.75%	173.16%	29.34%
Free Cash Flow	285.81	319.68	377.83	322.94	517.68	410.15
Free Cash Flow Growth	-10.60%	-15.39%	16.99%	-37.62%	26.22%	84.24%
Free Cash Flow Per Share	7.86	8.59	9.95	8.12	12.72	10.05
Dividends Per Share	8.880	8.880	8.560	7.940	5.580	-
Dividend Growth	-	3.74%	7.81%	42.29%	-	-
Gross Margin	94.12%	93.86%	93.48%	92.96%	93.57%	94.11%
Operating Margin	17.55%	18.89%	16.94%	17.46%	23.82%	13.67%
Profit Margin	8.58%	10.05%	8.56%	9.79%	14.58%	6.52%
FCF Margin	9.78%	10.78%	13.10%	11.18%	20.49%	21.48%
EBITDA	810.8	856.4	767.92	773.6	854.12	513.6
EBITDA Margin	27.75%	28.89%	26.62%	26.77%	33.81%	26.89%
EBIT	512.79	559.96	488.85	504.42	601.73	261.02
EBIT Margin	17.55%	18.89%	16.94%	17.46%	23.82%	13.67%
Effective Tax Rate	25.98%	25.95%	27.31%	23.66%	19.43%	0.58%

Updated Mar 9, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q