Vail Resorts (MTN) Shares Outstanding (Diluted) (2009 - 2026)
Vail Resorts' Shares Outstanding (Diluted) came in at 35.69 million for fiscal Q3 2026 (quarter ended Apr 30, 2026), down 4.3% from 37.28 million a year earlier and down 0.3% from the prior quarter.
Powered by 
Analysis
Vail Resorts (MTN) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025 (ended Jul 31, 2025), Vail Resorts' Shares Outstanding (Diluted) was 37.2 million, down 2.0% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last four fiscal years, with a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- Going back by fiscal year, Shares Outstanding (Diluted) was 37.96 million in FY2024 (-4.5%), 39.76 million in FY2023 (-2.3%), 40.69 million in FY2022 (-0.3%) and 40.83 million in FY2021 (unchanged).
- The fiscal Q3 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q1 2010.
- Year-over-year, Shares Outstanding (Diluted) has declined for 17 consecutive quarters, with an average decline of 3.1% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in fiscal Q1 2022 (growth of 0.5%), and the weakest in fiscal Q2 2024 (a decline of 5.9%).
- Business Quant data shows MTN's Shares Outstanding (Diluted) at 35.78 million (Q2 2026), 35.91 million (Q1 2026) and 37.2 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 656.00 Mn |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 496.09 Mn |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 175.00 Mn |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 24.25 Mn |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 227.34 Mn |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 102.98 Mn |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 257.76 Mn |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 204.00 Mn |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | 507.84 Mn |
| 10 | Vail Resorts | 4.89 Bn | 3.60 Bn | - | 35.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 35.79 Mn |
| Apr 30, 2026 | 35.69 Mn |
| Jan 31, 2026 | 35.78 Mn |
| Oct 31, 2025 | 35.91 Mn |
| Jul 31, 2025 | 37.20 Mn |
| Apr 30, 2025 | 37.28 Mn |
| Jan 31, 2025 | 37.43 Mn |
| Oct 31, 2024 | 37.47 Mn |
| Jul 31, 2024 | 37.96 Mn |
| Apr 30, 2024 | 37.94 Mn |
| Jan 31, 2024 | 38.05 Mn |
| Oct 31, 2023 | 38.12 Mn |
| Jul 31, 2023 | 39.76 Mn |
| Apr 30, 2023 | 39.72 Mn |
| Jan 31, 2023 | 40.43 Mn |
| Oct 31, 2022 | 40.30 Mn |
| Jul 31, 2022 | 40.69 Mn |
| Apr 30, 2022 | 40.68 Mn |
| Jan 31, 2022 | 40.82 Mn |
| Oct 31, 2021 | 40.45 Mn |
API Access
Vail Resorts Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=MTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();