Vail Resorts (MTN) Operating Income (2009 - 2026)

Vail Resorts has reported Operating Income for 18 years, with the latest figure at $345.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Income fell 9.95% year-over-year to $345.0 million; the trailing twelve-month figure through Jan 2026 stood at $512.8 million (down 2.62% YoY), and the FY2025 full-year result was $560.0 million, up 14.55% from the prior year.
• Operating Income for Q1 2026 stood at $345.0 million, up from -$209.8 million in the prior quarter.
• The five-year high for Operating Income was $581.2 million in Q2 2025, with the low at -$209.8 million in Q4 2025.
• Historically, Operating Income has averaged $144.4 million across 5 years, with a median of $325.1 million in 2022.
• Annual changes were most pronounced in 2022 — Operating Income jumped 56.53% — and 2023, when it plunged 63.86%.
• Vail Resorts' Operating Income stood at -$163.4 million in 2022, then declined by 26.75% to -$207.1 million in 2023, then advanced by 2.48% to -$201.9 million in 2024, then dropped by 3.91% to -$209.8 million in 2025, then jumped by 264.45% to $345.0 million in 2026.
• The last three Operating Income figures came in at $345.0 million (Q1 2026), -$209.8 million (Q4 2025), and -$203.6 million (Q3 2025), per Business Quant data.