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

Vail Resorts' Cost of Revenue history runs 17 years deep, the most recent figure standing at $413.4 million for Q4 2025.

• Quarterly Cost of Revenue rose 2.43% year-over-year to $413.4 million in Q4 2025, while the trailing twelve-month figure through Oct 2025 was $2.1 billion (up 3.74% YoY) and the FY2024 annual result came in at $2.1 billion, changed 0.4% from the prior year.
• Cost of Revenue was $413.4 million for Q4 2025 at Vail Resorts, down from $650.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $705.6 million in Q1 2023 and bottomed at $286.7 million in Q4 2021.
• A 5-year average of $479.6 million and a median of $413.4 million in 2025 frame the typical range for Cost of Revenue.
• Peak annual rise in Cost of Revenue reached 67.97% in 2021, while the deepest fall reached 24.96% in 2021.
• Vail Resorts' Cost of Revenue stood at $286.7 million in 2021, then jumped by 31.71% to $377.6 million in 2022, then gained by 5.97% to $400.1 million in 2023, then gained by 0.87% to $403.6 million in 2024, then rose by 2.43% to $413.4 million in 2025.
• Business Quant data shows MTN's Cost of Revenue at $413.4 million in Q4 2025, $650.0 million in Q2 2025, and $679.9 million in Q1 2025.