Inferra AI / Company / MTN
Vail Resorts Inc.
MTN · Industrials
Last earnings Sep 28, 2026
Key results
Net incomequarter
$280.0 million
was $280.0 million for fiscal 2025 compared to net income attributable to Vail Resorts, Inc.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Revenuefull-year
3%
For the full year, Resort net revenue increased 3% driven by a 4% increase in season pass revenue and increased ancillary spend per guest across our ski school and dining businesses.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Revenuequarter
4%
For the full year, Resort net revenue increased 3% driven by a 4% increase in season pass revenue and increased ancillary spend per guest across our ski school and dining businesses.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
revenue increased 4.2% compared to the prior year as a result of an increase in non-pass effective ticket price ( ETP ) (excluding Crans-Montana) of 5.1% and incremental non-pass revenue from Crans-Montana of $15.4 million, partially offset by a reduction in non-pass visitation (excluding Crans-Montana).
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Lodging Segment Lodging segment net revenue (excluding payroll cost reimbursements) was $319.7 million or approximately flat compared to the prior year, primarily due to increased summer visitation and demand for summer lodging at our North American resort properties, including the Grand Teton Lodge Company, offset by lower revenue during winter at our managed condominium rooms due to lower ADR during the peak holiday period and a net reduction in our inventory of available managed condominium rooms proximate to our mountain resorts.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Resort - Combination of Mountain and Lodging Segments Resort net revenue was $2,963.9 million, an increase of $83.4 million as compared to Resort net revenue of $2,880.5 million in the prior year.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
was $280.0 million, or $7.53 per diluted share compared to net income attributable to Vail Resorts, Inc.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
AI analysis
Q3 2025 · reported Sep 29, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $280.0 million | — | — |
| Revenue | 4% | — | — |
Guidance · company-stated
“Compared to fiscal 2025, fiscal 2026 guidance assumes growth from price increases and ancillary capture, as well as the assumed benefit of approximately $38 million in incremental efficiencies related to the resource efficiency transformation plan and $9 million of Resort Reported EBITDA growth related to the assumed return to normal weather conditions in Australia in the first quarter of fiscal 2026, partially offset by lower pass unit sales, which are expected to have a negative impact on skier visits relative to the prior year, and cost inflation.”
“Guidance The Company is providing its initial guidance for the year ending July 31, 2026 and expects net income attributable to Vail Resorts, Inc.”
Primary outlook statements conflict; no label forced — evidence preserved.
Capital allocation
Vail Resorts also provided its outlook for the fiscal year ending July 31, 2026, declared a dividend payable in October 2025, and announced the share repurchases completed during the quarter.
Event summary
Vail Resorts also provided its outlook for the fiscal year ending July 31, 2026, declared a dividend payable in October 2025, and announced the share repurchases completed during the quarter
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Compared to fiscal 2025, fiscal 2026 guidance assumes growth from price increases and ancillary capture, as well as the assumed benefit of approximately $38 million in incremental efficiencies related to the resource efficiency transformation plan and $9 million of Resort Reported EBITDA growth related to the assumed return to normal weather conditions in Australia in the first quarter of fiscal 2026, partially offset by lower pass unit sales, which are expected to have a negative impact on skier visits relative to the prior year, and cost inflation.”
Company outlook — Initiated (“initial”)
“Guidance The Company is providing its initial guidance for the year ending July 31, 2026 and expects net income attributable to Vail Resorts, Inc.”
Revenue — Raised (“increases”)
“Compared to fiscal 2025, fiscal 2026 guidance assumes growth from price increases and ancillary capture, as well as the assumed benefit of approximately $38 million in incremental efficiencies related to the resource efficiency transformation plan and $9 million of Resort Reported EBITDA growth related to the assumed return to normal weather conditions in Australia in the first quarter of fiscal 2026, partially offset by lower pass unit sales, which are expected to have a negative impact on skier visits relative to the prior year, and cost inflation.”
Primary outlook statements conflict; no label forced — evidence preserved.
Capital allocation
Vail Resorts also provided its outlook for the fiscal year ending July 31, 2026, declared a dividend payable in October 2025, and announced the share repurchases completed during the quarter.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
The Company s Board of Directors declared a quarterly cash dividend of $2.22 per share of Vail Resorts common stock that will be payable on October 27, 2025 to shareholders of record as of October 9, 2025.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
In addition, the Company repurchased approximately 1.29 million shares during the quarter at an average price of approximately $156 per share for a total of $200 million.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
For the full fiscal year, the Company repurchased approximately 1.69 million shares, or 4.5% of shares outstanding as of the beginning of fiscal 2025, at an average price of approximately $163 per share for a total of $270 million.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
On July 2, 2025, the Company completed an offering of $500 million aggregate principal amount of 5.625% Senior Notes due 2030.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
The Company used a portion of the proceeds from the offering to repay borrowings under its revolving credit facility incurred to fund the repurchase of $200 million of its outstanding shares of common stock completed in June 2025 and to fund off-season liquidity.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Strategy & priorities
We are fully committed to executing a multi-year strategy that unlocks the full potential of our business.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
This strategy is rooted in leveraging our strong competitive advantages to drive sustained, profitable growth.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
This enables us to optimize marketing, product, and pricing strategies across lift tickets and passes, and to invest in the highest return opportunities across our network.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Our immediate priority is increasing guest visitation to our resorts, which is essential to driving growth in revenue and free cash flow.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Consistent with our long-standing focus on delivering exceptional guest experiences, we will continue to invest in our resorts and our employees.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Risks & headwinds
dollar related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland, and does not include any potential impacts related to future fluctuations in foreign currency exchange rates, which may be impacted by tariffs, trade disputes, or other factors.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.
SEC original ↗Vail Resorts Inc. — Earnings release (8-K exhibit)EX-99Sep 29, 2025
Legal Proceedings 42 Item 1A.
SEC original ↗Vail Resorts Inc. — 10-Q Quarterly report10-QJun 8, 2026
Legal The Company is a party to various lawsuits arising in the ordinary course of business.
SEC original ↗Vail Resorts Inc. — 10-Q Quarterly report10-QJun 8, 2026
The Company will assess the probability of an unfavorable outcome of any material litigation, claims or assessments to determine whether a liability had been incurred and whether it is probable that one or more future events will occur confirming the fact of the loss.
SEC original ↗Vail Resorts Inc. — 10-Q Quarterly report10-QJun 8, 2026
In the event that an unfavorable outcome is determined to be probable and the amount of the loss can be reasonably estimated, the Company will establish an accrual for the litigation, claim or assessment.
SEC original ↗Vail Resorts Inc. — 10-Q Quarterly report10-QJun 8, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KMTN
Oct 19, 2026
- Q2 2026
- 8-KMTN
Sep 28, 2026
- 10-KMTN
Sep 28, 2026
- 8-KMTN
Sep 2, 2026
- 8-KMTN
Jul 30, 2026
- Q1 2026
- 8-KMTN
Jun 24, 2026
- 8-KMTN
Jun 8, 2026
- 10-QMTN
Jun 8, 2026
- 8-KMTN
Apr 23, 2026
- Q4 2025
- 8-KMTN
Mar 17, 2026
- 8-KMTN
Mar 9, 2026
- 10-QMTN
Mar 9, 2026
- 8-KMTN
Feb 12, 2026
- 8-KMTN
Jan 15, 2026
- Q3 2025
- 8-KMTN
Dec 10, 2025
- 10-QMTN
Dec 10, 2025
- 8-KMTN
Dec 10, 2025
- 8-KMTN
Nov 21, 2025
- Q2 2025
- 8-KMTN
Sep 29, 2025
- 10-KMTN
Sep 29, 2025
- 8-K/AMTN
Sep 29, 2025
- 8-KMTN
Sep 29, 2025
- 8-KMTN
Jul 2, 2025
- Q1 2025
- 8-KMTN
Jun 30, 2025
- 8-KMTN
Jun 30, 2025
- 8-KMTN
Jun 5, 2025
- 10-QMTN
Jun 5, 2025
- 8-K/AMTN
Jun 5, 2025
- 8-KMTN
May 27, 2025
- 8-KMTN
May 7, 2025
Earnings releases
8 documentsPresentations
0 documentsNo presentations for Vail Resorts Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Vail Resorts Inc. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.