# Vail Resorts Inc: overview

MTN · NYSE · CIK 812011 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Jul 31

Pages: [Overview](/companies/mtn.md) · [Financials](/companies/mtn/financials.md) · [Filings](/companies/mtn/filings.md) · [Insiders](/companies/mtn/insiders.md)

Latest reported revenue: [$278.1m](/filings/0000812011-26-000049.md) for Q4 FY2026, three months to 2026-07-31, from the 10-K filed Sep 28, 2026 (XBRL us-gaap:Revenues, accession 0000812011-26-000049).

## Last eight quarters

| Line item | Unit | Q1 FY2025 (2024-10-31) | Q2 FY2025 (2025-01-31) | Q3 FY2025 (2025-04-30) | Q4 FY2025 (2025-07-31) | Q1 FY2026 (2025-10-31) | Q2 FY2026 (2026-01-31) | Q3 FY2026 (2026-04-30) | Q4 FY2026 (2026-07-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [260](/filings/0000812011-25-000241.md) | [1,137](/filings/0000812011-26-000014.md) | [1,296](/filings/0000812011-26-000026.md) | [271 d](/filings/0000812011-26-000049.md) | [271](/filings/0000812011-25-000241.md) | [1,084](/filings/0000812011-26-000014.md) | [1,205](/filings/0000812011-26-000026.md) | [278 d](/filings/0000812011-26-000049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(77.6%)](/filings/0000812011-25-000241.md) | [33.7%](/filings/0000812011-26-000014.md) | [44.6%](/filings/0000812011-26-000026.md) | [(73.4%) d](/filings/0000812011-26-000049.md) | [(77.4%)](/filings/0000812011-25-000241.md) | [31.8%](/filings/0000812011-26-000014.md) | [41.0%](/filings/0000812011-26-000026.md) | [(75.1%) d](/filings/0000812011-26-000049.md) |
| Net margin | % | [(66.6%)](/filings/0000812011-25-000241.md) | [21.5%](/filings/0000812011-26-000014.md) | [30.1%](/filings/0000812011-26-000026.md) | [(66.7%) d](/filings/0000812011-26-000049.md) | [(68.9%)](/filings/0000812011-25-000241.md) | [19.4%](/filings/0000812011-26-000014.md) | [26.1%](/filings/0000812011-26-000026.md) | [(68.4%) d](/filings/0000812011-26-000049.md) |
| Diluted EPS | $ per share | [(4.62)](/filings/0000812011-25-000241.md) | [6.53](/filings/0000812011-26-000014.md) | [10.46](/filings/0000812011-26-000026.md) | not reported | [(5.20)](/filings/0000812011-25-000241.md) | [5.87](/filings/0000812011-26-000014.md) | [8.81](/filings/0000812011-26-000026.md) | not reported |
| Free cash flow | $m | [212](/filings/0000812011-25-000241.md) | [251 d](/filings/0000812011-26-000014.md) | [82.2 d](/filings/0000812011-26-000026.md) | [(226) d](/filings/0000812011-26-000049.md) | [244](/filings/0000812011-25-000241.md) | [185 d](/filings/0000812011-26-000014.md) | [(28.2) d](/filings/0000812011-26-000026.md) | [(153) d](/filings/0000812011-26-000049.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-07-31) | FY2023 (2023-07-31) | FY2024 (2024-07-31) | FY2025 (2025-07-31) | FY2026 (2026-07-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,526](/filings/0000812011-24-000091.md) | [2,889](/filings/0000812011-25-000104.md) | [2,885](/filings/0000812011-26-000049.md) | [2,964](/filings/0000812011-26-000049.md) | [2,838](/filings/0000812011-26-000049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [23.8%](/filings/0000812011-24-000091.md) | [17.5%](/filings/0000812011-25-000104.md) | [16.9%](/filings/0000812011-26-000049.md) | [18.9%](/filings/0000812011-26-000049.md) | [14.8%](/filings/0000812011-26-000049.md) |
| Net margin | % | [13.8%](/filings/0000812011-24-000091.md) | [9.2%](/filings/0000812011-25-000104.md) | [8.0%](/filings/0000812011-26-000049.md) | [9.4%](/filings/0000812011-26-000049.md) | [5.2%](/filings/0000812011-26-000049.md) |
| Diluted EPS | $ per share | [8.55](/filings/0000812011-24-000091.md) | [6.69](/filings/0000812011-25-000104.md) | [6.09](/filings/0000812011-26-000049.md) | [7.53](/filings/0000812011-26-000049.md) | [4.12](/filings/0000812011-26-000049.md) |
| Free cash flow | $m | [518](/filings/0000812011-24-000091.md) | [323](/filings/0000812011-25-000104.md) | [378](/filings/0000812011-26-000049.md) | [320](/filings/0000812011-26-000049.md) | [248](/filings/0000812011-26-000049.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mtn/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BAMCO INC /NY/](/funds/1017918.md) | 2026-06-30 | $890.0m | 6,536,697 |  | Added +1,493,164 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $593.1m | 4,355,882 |  | Reduced −70,247 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $520.1m | 3,820,106 |  | Reduced −192,996 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $464.7m | 3,413,234 |  | Added +36,803 |
| [Oasis Management Co Ltd.](/funds/1317904.md) | 2026-06-30 | $317.1m | 2,329,018 |  | Added +240,622 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $236.1m | 1,731,537 |  | Added +44,536 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $231.4m | 1,699,568 |  | Added +8,395 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $218.3m | 1,603,278 |  | Reduced −2,093 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $205.1m | 1,506,153 |  | Added +784,875 |
| [First Pacific Advisors, LP](/funds/1377581.md) | 2026-06-30 | $177.7m | 1,304,959 |  | Added +128,609 |

## Recent filings

[All 1,210 filings](/companies/mtn/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 16:16 ET | [8-K](/filings/0000812011-26-000147.md) | 1.01 Entry into a material agreement | 0000812011-26-000147 |
| 2026-09-29 | 09:03 ET | [SCHEDULE 13D/A](/filings/0000902664-26-003970.md) | Ownership report, active investor, amended | 0000902664-26-003970 |
| 2026-09-28 | 16:08 ET | [10-K](/filings/0000812011-26-000049.md) | Annual report, period 2026-07-31 | 0000812011-26-000049 |
| 2026-09-28 | 16:06 ET | [8-K](/filings/0000812011-26-000048.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000812011-26-000048 |
| 2026-09-22 | 07:30 ET | [SCHEDULE 13D/A](/filings/0000902664-26-003894.md) | Ownership report, active investor, amended | 0000902664-26-003894 |
| 2026-09-16 | 08:56 ET | [SCHEDULE 13D](/filings/0000902664-26-003832.md) | Ownership report, active investor | 0000902664-26-003832 |
| 2026-09-02 | 16:09 ET | [8-K](/filings/0000812011-26-000035.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000812011-26-000035 |
| 2026-07-30 | 16:25 ET | [8-K](/filings/0000812011-26-000032.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000812011-26-000032 |
| 2026-06-24 | 18:18 ET | [8-K](/filings/0000812011-26-000029.md) | 7.01 Regulation FD disclosure | 0000812011-26-000029 |
| 2026-06-08 | 16:07 ET | [10-Q](/filings/0000812011-26-000026.md) | Quarterly report, period 2026-04-30 | 0000812011-26-000026 |

## Latest annual report

[Form 10-K for the fiscal year ended Jul 31, 2026](/filings/0000812011-26-000049.md), filed Sep 28, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 812011
- Tickers: MTN
- Exchange: NYSE
- SIC code: 7990 Services-Miscellaneous Amusement & Recreation
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 17:35 ET. No prices; not investment advice.