Vail Resorts (MTN) Financial Statements & Analysis

Vail Resorts Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Vail Resorts, Inc. income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jul 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017
Revenue & Gross Profit
Revenue	2.84	2.96	2.89	2.89	2.53	1.91	1.96	2.27	2.01	1.91
Cost of Revenue	1.65	1.65	1.66	1.67	1.35	1.08	1.19	1.30	1.14	1.09
Gross Profit	1.19	2.78	1.23	1.22	1.18	0.83	0.78	0.97	0.87	0.82
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.43	0.47	0.41	0.39	0.35	0.30	0.28	0.27	0.25	0.24
Operating Expenses	0.76	2.22	0.69	0.72	0.60	0.57	0.55	0.50	0.46	0.44
Operating Income	0.42	0.56	0.54	0.50	0.58	0.26	0.22	0.48	0.41	0.38
Other Income/Expense
Interest Income	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.21	-0.17	0.16	0.16	0.15	0.15	0.11	0.08	0.06	0.05
Other Income/Expense	-0.19	-0.16	-0.04	-0.13	0.03	-0.14	-0.11	-0.08	-0.07	-0.03
Income
Income Before Tax	0.23	0.40	0.34	0.37	0.46	0.13	0.12	0.40	0.34	0.35
Income Tax Expense	0.06	0.10	0.09	0.09	0.09	0.00	0.01	0.08	-0.06	0.12
Net Income	0.15	0.28	0.23	0.27	0.35	0.13	0.10	0.30	0.38	0.21
Net Income - Continuous Operations	0.15	0.30	0.25	0.27	0.37	0.13	0.10	0.30	0.38	0.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	0.43	0.84	0.78	0.80	0.86	0.53	0.47	0.70	0.61	0.59
EBIT	0.43	0.54	0.50	0.56	0.61	0.28	-	-	-	-
Depreciation & Amortization	0.00	0.30	0.28	0.27	0.25	0.25	0.25	0.22	0.20	0.19
Earnings Per Share
Basic EPS	4.00	8.00	6.00	7.00	9.00	3.00	2.00	7.00	9.00	5.00
Diluted EPS	4.00	8.00	6.00	7.00	9.00	3.00	2.00	7.00	9.00	5.00
Basic Shares Outstanding	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Diluted Shares Outstanding	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Vail Resorts Financial Statements

What was Vail Resorts's revenue in fiscal 2026?

Vail Resorts reported revenue of $2.84B in fiscal 2026 (fiscal year ended Jul 31, 2026). That was down 4.3% from $2.96B a year earlier.

Is Vail Resorts profitable?

Yes. Vail Resorts earned net income of $147.53M in fiscal 2026, a net margin of 5.2%. In fiscal 2025 it earned $280.00M.

What is Vail Resorts's operating margin?

Vail Resorts's operating income was $420.54M on revenue of $2.84B in fiscal 2026, an operating margin of 14.8%, compared with 18.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition