Vail Resorts (MTN) Operating Leases (2019 - 2026)

Vail Resorts has reported Operating Leases for 8 years, with the latest figure at $211.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases fell 8.06% year-over-year to $211.9 million; the trailing twelve-month figure through Jan 2026 stood at $211.9 million (down 8.06% YoY), and the FY2025 full-year result was $215.1 million, down 8.52% from the prior year.
• Operating Leases for Q1 2026 stood at $211.9 million, roughly flat from $211.2 million in the prior quarter.
• The five-year high for Operating Leases was $235.1 million in Q3 2024, with the low at $154.9 million in Q2 2024.
• Historically, Operating Leases has averaged $193.6 million across 5 years, with a median of $184.3 million in 2023.
• Annual changes were most pronounced in 2024 — Operating Leases slipped 11.17% — and 2025, when it surged 42.24%.
• Vail Resorts' Operating Leases stood at $176.6 million in 2022, then declined by 6.3% to $165.5 million in 2023, then surged by 41.98% to $234.9 million in 2024, then slipped by 10.1% to $211.2 million in 2025, then grew by 0.33% to $211.9 million in 2026.
• The last three Operating Leases figures came in at $211.9 million (Q1 2026), $211.2 million (Q4 2025), and $215.1 million (Q3 2025), per Business Quant data.