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

Vail Resorts' Net Margin history runs 18 years deep, the most recent figure standing at 28.23% for Q2 2026.

• On a quarterly basis, Net Margin fell 352.0% year-over-year to 28.23% in Q2 2026; TTM through Apr 2026 was 6.4%, a 391.0% decrease from a year earlier, with the FY2025 full-year figure at 10.05%, up 149.0% from the prior year.
• Net Margin was 28.23% for Q2 2026 at Vail Resorts, up from 20.84% in the prior quarter.
• Over the last five years, Net Margin for MTN reached as high as 32.85% in Q2 2022 and fell as low as 72.49% in Q4 2025.
• A 5-year average of 12.96% and a median of 20.41% in 2023 frame the typical range for Net Margin.
• The widest annual swing landed in 2022, when Net Margin surged 2993 bps; it then slumped 1942 bps in 2023.
• Tracing MTN's Net Margin over 5 years: stood at 51.37% in 2022, then slumped by 38 bps to 70.79% in 2023, then rose by 1 bps to 69.91% in 2024, then fell by 4 bps to 72.49% in 2025, then jumped by 139 bps to 28.23% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 28.23%, 20.84%, and 72.49% for Q2 2026, Q1 2026, and Q4 2025 respectively.