Vail Resorts (MTN) Cost of Revenue (2009 - 2025)

Vail Resorts has reported Cost of Revenue for 17 years, with the latest figure at $413.4 million in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue rose 2.43% year-over-year to $413.4 million; the trailing twelve-month figure through Oct 2025 stood at $2.1 billion (up 3.74% YoY), and the FY2024 full-year result was $2.1 billion, changed 0.4% from the prior year.
• Cost of Revenue for Q4 2025 stood at $413.4 million, down from $650.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $705.6 million in Q1 2023, with the low at $286.7 million in Q4 2021.
• Historically, Cost of Revenue has averaged $479.6 million across 5 years, with a median of $413.4 million in 2025.
• The largest YoY upside for Cost of Revenue was 67.97% in 2021 against a maximum downside of 24.96% in 2021.
• Vail Resorts' Cost of Revenue stood at $286.7 million in 2021, then surged by 31.71% to $377.6 million in 2022, then increased by 5.97% to $400.1 million in 2023, then increased by 0.87% to $403.6 million in 2024, then grew by 2.43% to $413.4 million in 2025.
• The last three Cost of Revenue figures came in at $413.4 million (Q4 2025), $650.0 million (Q2 2025), and $679.9 million (Q1 2025), per Business Quant data.