Vail Resorts (MTN) Operating Expenses (2009 - 2025)
Vail Resorts' Operating Expenses came in at $301.8 million for FY2026 (year ended Jul 31, 2026), up 3.3% from $292.2 million in FY2025.
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Analysis
Vail Resorts (MTN) Operating Expenses (2009 - 2025) Analysis & Trends
Going back to FY2009, Vail Resorts' Operating Expenses data covers 18 fiscal years.
- Operating Expenses carries a five-year compound annual growth rate of -26.2% (FY2021 to FY2026).
- The five-year range for annual Operating Expenses is $292.2 million (FY2025) to $2.07 billion (FY2024).
- Per Business Quant, earlier fiscal years put Operating Expenses at $292.2 million in FY2025 (-85.9%), $2.07 billion in FY2024 (+0.4%), $2.06 billion in FY2023 (+21.3%) and $1.7 billion in FY2022 (+23.3%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.06 Bn | 9.65 Bn | 1.47 Bn | 2.60 Bn |
| 2 | Flutter Entertainment | 13.71 Bn | 7.08 Bn | 1.71 Bn | 845.00 Mn |
| 3 | DraftKings | 10.31 Bn | 5.97 Bn | 551.45 Mn | 297.09 Mn |
| 4 | Life Time Group Holdings | 9.84 Bn | 9.08 Bn | 412.26 Mn | 716.29 Mn |
| 5 | Madison Square Garden Sports | 9.26 Bn | 8.86 Bn | 119.21 Mn | 86.28 Mn |
| 6 | Wynn Resorts | 7.43 Bn | 1.72 Bn | 758.95 Mn | 1.56 Bn |
| 7 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 325.00 Mn |
| 8 | MGM Resorts International | 7.11 Bn | -1.93 Bn | 1.98 Bn | 3.97 Bn |
| 9 | Caesars Entertainment | 5.88 Bn | 2.33 Bn | 1.50 Bn | 2.48 Bn |
| 10 | Vail Resorts | 5.39 Bn | 3.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 31, 2025 | 413.35 Mn |
| Apr 30, 2025 | 650.04 Mn |
| Jan 31, 2025 | 679.89 Mn |
| Oct 31, 2024 | 403.56 Mn |
| Jul 31, 2024 | 380.95 Mn |
| Apr 30, 2024 | 631.09 Mn |
| Jan 31, 2024 | 653.85 Mn |
| Oct 31, 2023 | 400.08 Mn |
| Jul 31, 2023 | 357.85 Mn |
| Apr 30, 2023 | 616.73 Mn |
| Jan 31, 2023 | 705.57 Mn |
| Oct 31, 2022 | 377.55 Mn |
| Jul 31, 2022 | 331.33 Mn |
| Apr 30, 2022 | 567.97 Mn |
| Jan 31, 2022 | 510.82 Mn |
| Oct 31, 2021 | 286.66 Mn |
| Jul 31, 2021 | 304.75 Mn |
| Apr 30, 2021 | 429.09 Mn |
| Jan 31, 2021 | 411.07 Mn |
| Oct 31, 2020 | 231.75 Mn |
API Access
Vail Resorts Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MTN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();