Vail Resorts (MTN) Operating Income (2009 - 2026)
Vail Resorts (MTN) reported Operating Income of $494.13 million for fiscal Q3 2026 (quarter ended Apr 30, 2026), down 14.5% from $577.77 million a year earlier but up 43.2% from the prior quarter.
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Analysis
Vail Resorts (MTN) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Apr 30, 2026, Vail Resorts' Operating Income came in at $430.3 million, down 22.8% year-over-year; for FY2025 (ended Jul 31, 2025), it was $559.96 million, up 14.5% from FY2024.
- Operating Income has a five-year compound annual growth rate of 20.2% (FY2020 to FY2025).
- By fiscal year, Operating Income came in at $488.85 million in FY2024 (-3.1%), $504.42 million in FY2023 (-16.2%), $601.73 million in FY2022 (+130.5%) and $261.02 million in FY2021 (+16.8%).
- Five-year quarterly Operating Income spans a low of -$209.82 million in fiscal Q1 2026 and a high of $577.77 million in fiscal Q3 2025.
- Year over year, Operating Income gained in two of the last four quarters, with an average decline of 2.4%.
- The high point for year-over-year Operating Income in five years was fiscal Q2 2022 (growth of 56.5%); the low point was fiscal Q3 2026 (a decline of 14.5%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $345.05 million (Q2 2026), -$209.82 million (Q1 2026) and -$199.05 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 618.00 Mn |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | -68.17 Mn |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | -144.00 Mn |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 32.15 Mn |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 149.71 Mn |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 297.59 Mn |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 503.64 Mn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 513.00 Mn |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Vail Resorts | 4.92 Bn | 3.51 Bn | - | 494.13 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Vail Resorts Operating Income 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-income&ticker=MTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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-income&ticker=MTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();