Vail Resorts, Inc. (MTN)

Vail Resorts Income Statement

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

Fiscal Quarter	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Oct 31, 2025	Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021
Revenue	278.07	1,205	1,084	271.03	271.29	1,296	1,137	260.28	265.39	1,283	1,078	258.57	269.77	1,238	1,102	279.45	267.14	1,177	906.54	175.58
Revenue Growth (YoY)	2.50%	-6.98%	-4.69%	4.13%	2.22%	0.96%	5.50%	0.66%	-1.62%	3.62%	-2.16%	-7.47%	0.98%	5.25%	21.53%	59.16%	30.82%	32.35%	32.41%	33.23%
Cost of Revenue	234.59	518.05	541.48	302.93	242.11	544.03	565.35	296.7	236.07	536.88	541.14	292.05	225.46	527.87	588.96	278.75	193.6	476.21	419.56	209.42
Gross Profit	43.48	687.12	542.45	-31.9	29.18	751.53	571.87	-36.43	29.32	746.4	536.82	-33.49	44.31	710.56	512.76	0.69	73.54	700.46	486.97	-33.85
Selling, General & Admin	167.51	102.56	121.62	110.42	147.51	106.01	114.54	106.86	144.87	94.21	112.71	108.03	132.39	88.86	116.62	98.8	134.93	91.76	91.26	77.23
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.55	-
Operating Expenses	248.43	179.78	195.97	183.54	221.98	182.08	188.89	178.4	219.33	162.7	182.11	174.75	201.19	157.96	182.61	163.41	198.11	157.42	153.88	138.72
Operating Income	-204.95	507.35	346.48	-215.44	-192.8	569.45	382.98	-214.83	-190.02	583.7	354.71	-208.24	-156.88	552.61	330.16	-162.72	-124.57	543.04	333.09	-172.57
Interest Expense	-53.54	-51.32	-49.48	-51.29	-44.26	-41.91	-42.67	-42.8	-43.43	-39.85	-40.59	-40.73	-40.21	-39.14	-38.37	-35.3	-36.14	-35.13	-37.37	-39.55
Interest & Investment Income	1.96	2.62	3.53	3.02	1.46	3.15	3.02	2.49	4.95	5.1	4.86	3.68	6.01	7.74	7.11	2.89	2.74	0.22	0.26	0.5
Earnings From Equity Investments	0.44	0.46	-1.16	1.09	0.36	0.67	0.75	2.15	-0.32	1.09	-0.58	0.86	0.12	0.09	0.04	0.35	-0.12	0.36	0.82	1.51
Currency Exchange Gain (Loss)	-0	-0.03	0.2	-0.08	-0.03	1.7	-1.39	-0.26	0.09	-2.31	3.04	-4.97	2.66	-1.77	2.34	-6.14	0.4	-1.04	-2.87	0.83
EBT Excluding Unusual Items	-256.09	459.07	299.57	-262.69	-235.27	533.07	342.69	-253.25	-228.73	547.73	321.45	-249.39	-188.31	519.54	301.27	-200.92	-157.69	507.46	293.93	-209.27
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.8	-	-	-
Gain (Loss) on Sale of Assets	0.94	0.28	-5.13	10.26	5.85	10.22	0.29	14.98	-6.26	-0.57	-0.76	4.24	-1.02	-6.18	-1.02	-0.01	27.95	0.14	8.83	8.9
Other Unusual Items	-4.8	-13.5	3.7	-4.64	-12.1	-1.9	-0.1	-2.08	-5	-36.5	-3.4	-3.06	-2.2	-45.9	-1.1	-0.64	1.3	-2.8	-16.78	-2
Pretax Income	-259.96	445.85	298.13	-257.07	-241.53	541.39	342.88	-240.35	-239.99	510.66	317.29	-248.21	-191.52	467.46	299.15	-201.57	-131.24	504.79	285.98	-202.37
Income Tax Expense	-61.09	105.63	72.29	-60.62	-53.22	130.07	85.96	-58.38	-58.83	129.28	87.49	-65.16	-56.9	124.29	79.03	-58.01	-21.58	118.21	52.05	-59.85
Earnings From Continuing Operations	-198.87	340.22	225.85	-196.46	-188.3	411.32	256.93	-181.96	-181.16	381.38	229.81	-183.05	-134.62	343.17	220.12	-143.56	-109.66	386.58	233.93	-142.52
Minority Interest in Earnings	8.71	-25.79	-15.84	9.7	7.45	-21.58	-12.55	8.71	6.49	-19.39	-10.51	7.54	6.06	-18.16	-11.44	6.59	0.97	-14.03	-10.54	3.19
Net Income	-190.16	314.44	210.01	-186.75	-180.86	389.74	244.38	-173.26	-174.68	362	219.3	-175.51	-128.57	325.01	208.68	-136.97	-108.69	372.55	223.39	-139.33
Net Income to Common	-190.16	314.44	210.01	-186.75	-180.86	389.74	244.38	-173.26	-174.68	362	219.3	-175.51	-128.57	325.01	208.68	-136.97	-108.69	372.55	223.39	-139.33
Net Income Growth (YoY)	-	-19.32%	-14.06%	-	-	7.66%	11.43%	-	-	11.38%	5.09%	-	-	-12.76%	-6.59%	-	-	35.66%	51.15%	-
Shares Outstanding (Basic)	36	36	36	36	37	37	37	37	38	38	38	38	38	40	40	40	40	41	41	40
Shares Outstanding (Diluted)	36	36	36	36	37	37	37	37	38	38	38	38	38	40	40	40	40	41	41	40
Shares Change (YoY)	-2.44%	-4.27%	-4.39%	-4.17%	-2.73%	-1.74%	-1.63%	-1.69%	-2.14%	-4.50%	-5.91%	-5.41%	-4.80%	-2.34%	-0.95%	-0.37%	-0.17%	-0.53%	0.03%	0.50%
EPS (Basic)	-5.34	8.82	5.87	-5.20	-4.95	10.47	6.54	-4.62	-4.65	9.57	5.78	-4.60	-3.35	8.20	5.17	-3.40	-2.70	9.18	5.51	-3.44
EPS (Diluted)	-5.34	8.81	5.87	-5.20	-4.95	10.46	6.53	-4.62	-4.65	9.54	5.76	-4.60	-3.35	8.18	5.16	-3.40	-2.70	9.16	5.47	-3.44
EPS Growth (YoY)	-	-15.77%	-10.11%	-	-	9.64%	13.37%	-	-	16.63%	11.63%	-	-	-10.70%	-5.67%	-	-	36.31%	51.11%	-

Additional Metrics

Fiscal Quarter	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Period Ending	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Oct 31, 2025	Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021
Free Cash Flow	-153.03	-28.24	185	244.27	-225.67	82.21	251.41	211.73	-148.08	85.03	165.75	275.12	-140.97	66.69	190.05	208.89	-93.46	128.67	183.58	298.89
Free Cash Flow Per Share	-4.29	-0.79	5.17	6.80	-6.18	2.21	6.72	5.65	-3.94	2.24	4.36	7.22	-3.67	1.68	4.70	5.18	-2.32	3.16	4.50	7.39
Dividend Per Share	2.220	2.220	2.220	2.220	2.220	2.220	2.220	2.220	2.220	2.220	2.060	2.060	2.060	2.060	1.910	1.910	1.910	1.910	0.880	0.880
Dividend Growth (YoY)	0%	0%	0%	0%	0%	0%	7.77%	7.77%	7.77%	7.77%	7.85%	7.85%	7.85%	7.85%	117.05%	117.05%	-	-	-	-
Gross Margin	15.64%	57.01%	50.04%	-11.77%	10.76%	58.01%	50.29%	-13.99%	11.05%	58.16%	49.80%	-12.95%	16.42%	57.38%	46.54%	0.25%	27.53%	59.53%	53.72%	-19.28%
Operating Margin	-73.70%	42.10%	31.96%	-79.49%	-71.07%	43.95%	33.68%	-82.54%	-71.60%	45.48%	32.91%	-80.54%	-58.16%	44.62%	29.97%	-58.23%	-46.63%	46.15%	36.74%	-98.29%
Profit Margin	-68.38%	26.09%	19.38%	-68.91%	-66.67%	30.08%	21.49%	-66.57%	-65.82%	28.21%	20.34%	-67.88%	-47.66%	26.24%	18.94%	-49.02%	-40.69%	31.66%	24.64%	-79.36%
Free Cash Flow Margin	-55.03%	-2.34%	17.07%	90.13%	-83.18%	6.35%	22.11%	81.35%	-55.80%	6.63%	15.38%	106.40%	-52.26%	5.38%	17.25%	74.75%	-34.99%	10.94%	20.25%	170.24%
EBITDA	-124.03	584.57	420.83	-142.32	-118.33	645.52	457.33	-143.28	-115.56	652.19	424.11	-141.51	-88.08	621.7	396.15	-98.11	-61.4	608.7	395.16	-111.08
EBITDA Margin	-44.60%	48.50%	38.82%	-52.51%	-43.62%	49.83%	40.22%	-55.05%	-43.54%	50.82%	39.34%	-54.73%	-32.65%	50.20%	35.96%	-35.11%	-22.98%	51.73%	43.59%	-63.27%
D&A For EBITDA	80.92	77.22	74.35	73.12	74.47	76.07	74.35	71.54	74.46	68.49	69.4	66.73	68.8	69.1	65.99	64.61	63.18	65.66	62.07	61.49
EBIT	-204.95	507.35	346.48	-215.44	-192.8	569.45	382.98	-214.83	-190.02	583.7	354.71	-208.24	-156.88	552.61	330.16	-162.72	-124.57	543.04	333.09	-172.57
EBIT Margin	-73.70%	42.10%	31.96%	-79.49%	-71.07%	43.95%	33.68%	-82.54%	-71.60%	45.48%	32.91%	-80.54%	-58.16%	44.62%	29.97%	-58.23%	-46.63%	46.15%	36.74%	-98.29%
Effective Tax Rate	-	23.69%	24.25%	-	-	24.03%	25.07%	-	-	25.32%	27.57%	-	-	26.59%	26.42%	-	-	23.42%	18.20%	-
Revenue as Reported	278.07	1,205	1,084	271.03	271.29	1,296	1,137	260.28	265.39	1,283	1,078	258.57	269.77	1,238	1,102	279.45	267.14	1,177	906.54	175.58

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 11, 2026

Data Sources Report a data error