Vail Resorts Financial Statements
NYSE: MTNConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 146.03 -0.08%
Vail Resorts revenue and earnings
In fiscal 2026, Vail Resorts generated $2.84 billion in revenue, down 4.3% from fiscal 2025, its first annual decline since 2024. Net income was $147.5 million (-47.3% year over year), for a net margin of 5.2% versus a median of 9.2% in the prior 5 years. Operating margin was 14.8%.
Diluted earnings per share came in at $4.12, down from $7.53. Over the last 5 fiscal years, MTN's revenue has grown at a 8.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Vail Resorts income statement (annual)
| Fiscal year (USD) | FY 20262026-07-31 | FY 20252025-07-31 | FY 20242024-07-31 | FY 20232023-07-31 | FY 20222022-07-31 | FY 20212021-07-31 | FY 20202020-07-31 | FY 20192019-07-31 | FY 20182018-07-31 | FY 20172017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.84B | 2.96B | 2.89B | 2.89B | 2.53B | 1.91B | 1.96B | 2.27B | 2.01B | 1.91B |
| Revenue growth (YoY) | -4.26% | +2.74% | -0.14% | +14.39% | +32.27% | -2.75% | -13.55% | +12.93% | +5.47% | +19.11% |
| Operating Income | 420.54M | 559.96M | 488.85M | 504.42M | 601.73M | 261.02M | 223.39M | 476.27M | 408.82M | 379.26M |
| Interest Expense | 205.62M | 171.63M | 164.60M | 155.45M | 148.18M | 151.40M | 106.72M | 79.50M | 63.23M | 54.09M |
| Pretax Income | 226.96M | 402.40M | 339.75M | 370.42M | 457.16M | 125.18M | 116.43M | 398.96M | 340.09M | 348.45M |
| Income Tax | 56.21M | 104.42M | 92.78M | 87.64M | 88.82M | 726.00K | 7.38M | 75.47M | -61.14M | 116.73M |
| Net Income | 147.53M | 280.00M | 231.10M | 265.82M | 347.92M | 127.85M | 98.83M | 301.16M | 379.90M | 210.55M |
| Net Income growth (YoY) | -47.31% | +21.16% | -13.06% | -23.60% | +172.13% | +29.36% | -67.18% | -20.73% | +80.43% | +40.60% |
| EPS (Basic) | 4.13 | 7.54 | 6.10 | 6.70 | 8.60 | 3.17 | 2.45 | 7.46 | 9.40 | 5.36 |
| EPS (Diluted) | 4.12 | 7.53 | 6.09 | 6.69 | 8.55 | 3.13 | 2.42 | 7.32 | 9.13 | 5.22 |
| Shares Outstanding (Basic) | 35.73M | 37.16M | 37.87M | 39.65M | 40.47M | 40.30M | 40.27M | 40.35M | 40.40M | 39.25M |
| Shares Outstanding (Diluted) | 35.79M | 37.20M | 37.96M | 39.76M | 40.69M | 40.83M | 40.84M | 41.16M | 41.62M | 40.37M |
| EBITDA | 726.15M | 856.40M | 767.92M | 773.60M | 854.12M | 513.60M | 472.96M | 694.39M | 613.28M | 568.41M |
| Operating Margin | 14.82% | 18.89% | 16.94% | 17.46% | 23.82% | 13.67% | 11.38% | 20.97% | 20.32% | 19.89% |
| Net Margin | 5.20% | 9.45% | 8.01% | 9.20% | 13.77% | 6.69% | 5.03% | 13.26% | 18.89% | 11.04% |
This table shows 10 annual periods of Vail Resorts's income statement, from FY 2026 back to FY 2017, across 14 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MTN's reporting calendar. What is a income statement?