Vail Resorts (MTN) Net Margin (2009 - 2026)

Vail Resorts has reported Net Margin for 18 years, with the latest figure at 20.84% in Q1 2026.

• For the quarter ending Q1 2026, Net Margin fell 176.0% year-over-year to 20.84%; the trailing twelve-month figure through Jan 2026 stood at 8.58% (down 76.0% YoY), and the FY2025 full-year result was 10.05%, up 149.0% from the prior year.
• Net Margin for Q1 2026 stood at 20.84%, up from 72.49% in the prior quarter.
• The five-year high for Net Margin was 32.85% in Q2 2022, with the low at 72.49% in Q4 2025.
• Historically, Net Margin has averaged 15.47% across 5 years, with a median of 19.98% in 2023.
• Annual changes were most pronounced in 2022 — Net Margin soared 2993 bps — and 2023, when it plunged 1942 bps.
• Vail Resorts' Net Margin stood at 51.37% in 2022, then sank by 38 bps to 70.79% in 2023, then gained by 1 bps to 69.91% in 2024, then retreated by 4 bps to 72.49% in 2025, then jumped by 129 bps to 20.84% in 2026.
• The last three Net Margin figures came in at 20.84% (Q1 2026), 72.49% (Q4 2025), and 71.11% (Q3 2025), per Business Quant data.