Vail Resorts (MTN) Operating Income (2009 - 2026)
Vail Resorts' (MTN) quarterly Operating Income came in at $494.1 million in Q2 2026, down 14.48% YoY from $577.8 million in Q2 2025, and up 43.21% on a QoQ basis from $345.0 million in Q1 2026.
Vail Resorts (MTN) Operating Income (2009 - 2026) Analysis & Trends
Vail Resorts (MTN) has 18 years of Operating Income data on file, last reported at $494.1 million in Q2 2026.
- Quarterly Operating Income fell 14.48% year-over-year to $494.1 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $430.3 million (down 22.85% YoY) and the FY2025 annual result came in at $560.0 million, up 14.55% from the prior year.
- Operating Income rose to $494.1 million in Q2 2026, from $345.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $577.8 million in Q2 2025 to a low of -$209.8 million in Q4 2025.
- A 5-year average of $163.9 million and a median of $326.6 million in 2022 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2022 — Operating Income jumped 56.53% — and 2023, when it plunged 63.86%.
- Tracing MTN's Operating Income over 5 years: 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 soared by 335.5% to $494.1 million in 2026.
- The last three Operating Income figures came in at $494.1 million (Q2 2026), $345.0 million (Q1 2026), and -$209.8 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 618.00 Mn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 503.64 Mn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 297.59 Mn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 200.70 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 513.00 Mn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | 494.13 Mn |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 132.00 Mn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | -768.00 Mn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 136.00 Mn |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 131.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 494.13 Mn |
| Jan 31, 2026 | 345.05 Mn |
| Oct 31, 2025 | -209.82 Mn |
| Jul 31, 2025 | -199.05 Mn |
| Apr 30, 2025 | 577.77 Mn |
| Jan 31, 2025 | 383.17 Mn |
| Oct 31, 2024 | -201.93 Mn |
| Jul 31, 2024 | -201.28 Mn |
| Apr 30, 2024 | 546.63 Mn |
| Jan 31, 2024 | 350.55 Mn |
| Oct 31, 2023 | -207.06 Mn |
| Jul 31, 2023 | -160.78 Mn |
| Apr 30, 2023 | 500.53 Mn |
| Jan 31, 2023 | 328.03 Mn |
| Oct 31, 2022 | -163.36 Mn |
| Jul 31, 2022 | -98.12 Mn |
| Apr 30, 2022 | 540.38 Mn |
| Jan 31, 2022 | 325.14 Mn |
| Oct 31, 2021 | -165.67 Mn |
| Jul 31, 2021 | -170.44 Mn |