| Period | MTN | SPY | Delta |
|---|---|---|---|
| 3M | -1.5% | +11.4% | -12.8% |
| 6M | -7.7% | +8.2% | -15.8% |
| 1Y | -13.2% | +22.9% | -36.1% |
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Mountain and Lodging services and other | $2.46B+3.2% | $2.39B+0.7% | $2.37B+12.1% | $2.12B+28.3% | $1.65B |
| Mountain and Lodging retail and dining | $499.0M+1.4% | $492.3M-3.3% | $509.1M+24.6% | $408.7M+58.5% | $257.9M |
| Resort net revenue | $2.96B+2.9% | $2.88B-0.0% | $2.88B+14.1% | $2.53B+32.4% | $1.91B |
| Real Estate | $6.2M-34.7% | $9.5M-10.5% | $10.6M+79.9% | $5.9M-11.5% | $6.7M |
| Total net revenue | $2.96B+2.7% | $2.89B-0.1% | $2.89B+14.4% | $2.53B+32.3% | $1.91B |
| Total segment operating expense | $2.13B+3.1% | $2.07B+0.4% | $2.06B+21.3% | $1.70B+23.3% | $1.38B |
| Mountain and Lodging operating expense | $1.51B+3.4% | $1.46B+0.3% | $1.45B+23.1% | $1.18B+23.0% | $960.5M |
| Mountain and Lodging retail and dining cost of products sold | $182.0M-3.2% | $188.1M-7.5% | $203.3M+25.2% | $162.4M+44.3% | $112.5M |
| General and administrative | $433.7M+5.8% | $410.0M+5.3% | $389.5M+12.1% | $347.5M+17.0% | $297.0M |
| Resort operating expense | $2.12B+3.3% | $2.06B+0.5% | $2.05B+21.1% | $1.69B+23.4% | $1.37B |
| Depreciation and amortization | -$296.4M-6.2% | -$279.1M-3.7% | -$269.2M-6.7% | -$252.4M+0.1% | -$252.6M |
| Gain on sale of real property | $24.4M+288.3% | $6.3M+646.4% | $842K-34.0% | $1.3M+293.8% | $324K |
| Change in estimated fair value of contingent consideration (Note 9) | -$9.4M+80.4% | -$48.0M+3.8% | -$49.8M-145.7% | -$20.3M-40.8% | -$14.4M |
| Gain (loss) on disposal of fixed assets and other, net | $6.9M+172.0% | -$9.6M-6.2% | -$9.1M-120.6% | $44.0M+918.8% | -$5.4M |
| Income from operations | $560.0M+14.5% | $488.8M-3.1% | $504.4M-16.2% | $601.7M+130.5% | $261.0M |
| Interest expense, net | -$171.6M-4.3% | -$164.6M-5.9% | -$155.4M-4.9% | -$148.2M+2.1% | -$151.4M |
| Mountain equity investment income, net | $3.9M+272.2% | $1.1M+74.0% | $605K-76.6% | $2.6M-61.5% | $6.7M |
| Investment income and other, net | $10.1M-45.5% | $18.6M-21.7% | $23.7M+538.6% | $3.7M+534.5% | $586K |
| Foreign currency gain (loss) on intercompany loans (Note 6) | $20K+100.5% | -$4.1M-42.4% | -$2.9M-8.4% | -$2.7M-132.4% | $8.3M |
| Income before provision for income taxes | $402.4M+18.4% | $339.8M-8.3% | $370.4M-19.0% | $457.2M+265.2% | $125.2M |
| Provision for income taxes (Note 10) | -$104.4M-12.6% | -$92.8M-5.9% | -$87.6M+1.3% | -$88.8M-12134.7% | -$726K |
| Net income | $298.0M+20.6% | $247.0M-12.7% | $282.8M-23.2% | $368.3M+196.0% | $124.5M |
| Net income attributable to noncontrolling interests | -$18.0M-13.2% | -$15.9M+6.4% | -$17.0M+16.9% | -$20.4M-701.7% | $3.4M |
| Net income attributable to Vail Resorts, Inc. | $280.0M+21.2% | $231.1M-13.1% | $265.8M-23.6% | $347.9M+172.1% | $127.8M |
| Basic net income per share attributable to Vail Resorts, Inc. | $7.54+23.6% | $6.10-9.0% | $6.70-22.1% | $8.60+171.3% | $3.17 |
| Diluted net income per share attributable to Vail Resorts, Inc. | $7.53+23.6% | $6.09-9.0% | $6.69-21.8% | $8.55+173.2% | $3.13 |
| Cash dividends declared per share | $8.88+3.7% | $8.56+7.8% | $7.94+42.3% | $5.58 | $0.00 |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Vail Resorts reports Q3 fiscal 2026 net income of $314.4M, reduces full-year guidance to $128M-$162M due to unfavorable weather conditions
“Weather conditions remained extremely unfavorable in the third quarter, adding to what had already been one of the most challenging winters in history across the western U.S.”
| Trade Date | Filed | Owner | Role | Type | Shares | Price | Value | Owned After | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-16 | 2026-03-16 | Korch Angela A | EVP & Chief Financial Officer | Purchase | 190 | $131.85 | $25K | 5,539 | View | |
| 2026-03-16 | 2026-03-16 | KATZ ROBERT A | Director & CEO & Chairperson of the Board | Purchase | 37.5K | $131.81 | $4.94M | 285.3K | View |
Informational purposes only, not investment advice.