VAIL RESORTS INCMTNEarnings & Financial Report
Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.
MTN Q1 2026 Key Financial Metrics
Revenue
$271.0M
Gross Profit
N/A
Operating Profit
$-209.8M
Net Profit
$-186.8M
Gross Margin
N/A
Operating Margin
-77.4%
Net Margin
-68.9%
YoY Growth
4.1%
EPS
$-5.20
Financial Flow
VAIL RESORTS INC Q1 2026 Financial Summary
VAIL RESORTS INC reported revenue of $271.0M (up 4.1% YoY) for Q1 2026, with a net profit of $-186.8M (down 8.1% YoY) (-68.9% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $271.0M |
|---|---|
| Net Profit | $-186.8M |
| Gross Margin | N/A |
| Operating Margin | -77.4% |
| Report Period | Q1 2026 |
Revenue Breakdown
VAIL RESORTS INC Q1 2026 revenue of $271.0M breaks down across 9 segments, led by Dining at $84.6M (31.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Dining | $84.6M | 31.2% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 24.8% |
| Other Mountain Revenue | $55.1M | 20.3% |
| Managedcondominiumrooms | $26.1M | 9.6% |
| Owned Hotel Revenue | $12.7M | 4.7% |
| Other Lodging Revenue | $10.2M | 3.8% |
| Other | $5.9M | 2.2% |
| Transportation | $4.8M | 1.8% |
| Payrollcostreimbursements | $4.4M | 1.6% |
VAIL RESORTS INC Revenue by Segment — Quarterly Trend
VAIL RESORTS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Dining and Lodgingrevenueexcludingpayrollcostreimbursements) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Dining | $84.6M | $18.4M | $111.0M | $90.9M |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | $87.1M | $78.7M | $70.2M |
| Other Mountain Revenue | $55.1M | $81.1M | $57.4M | $59.1M |
| Managedcondominiumrooms | $26.1M | $10.1M | $32.6M | $27.1M |
| Owned Hotel Revenue | $12.7M | $31.6M | $15.1M | $13.4M |
VAIL RESORTS INC Annual Revenue by Year
VAIL RESORTS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.0B). Click any linked year to see what changed vs the prior annual report.
VAIL RESORTS INC Quarterly Revenue & Net Profit History
VAIL RESORTS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $271.0M | +4.1% | $-186.8M | -68.9% |
| Q4 2025 | $271.3M | +2.2% | $-185.5M | -68.4% |
| Q3 2025 | $1.3B | +1.0% | $392.8M | 30.3% |
| Q2 2025 | $1.1B | +5.5% | $245.5M | 21.6% |
| Q1 2025 | $260.3M | +0.7% | $-172.8M | -66.4% |
| Q4 2024 | $265.4M | -1.6% | $-175.4M | -66.1% |
| Q3 2024 | $1.3B | +3.6% | $362.0M | 28.2% |
| Q2 2024 | $1.1B | -2.2% | $219.3M | 20.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.28B | $265.4M | $260.3M | $1.14B | $1.30B | $271.3M | $271.0M |
| YoY Growth | -2.2% | 3.6% | -1.6% | 0.7% | 5.5% | 1.0% | 2.2% | 4.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.85B | $5.81B | $5.70B | $5.64B | $5.53B | $5.76B | $5.78B | $5.76B |
| Liabilities | $4.70B | $4.49B | $4.66B | $4.90B | $4.72B | $4.53B | $5.02B | $5.30B |
| Equity | $829.9M | $1.00B | $723.5M | $444.1M | $530.7M | $895.4M | $424.5M | $156.5M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $242.7M | $109.9M | $-94.2M | $282.4M | $326.3M | $117.7M | $-171.6M | $315.9M |