Vail Resorts Inc (MTN) stock
MTNNYSEServices-Miscellaneous Amusement & RecreationFiscal year ends July 31
Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 28, 2026Score 9/308% above fair value
$151.17−3.26 (-2.11%)
Close on Nov 12, 2026Market cap $5.39BP/E 36.7Yield 5.87%
Vail Resorts operating margin
Operating margin is operating income as a percentage of revenue.
Vail Resorts's operating margin for the twelve months ending Jul 31, 2026 was 14.8%. For fiscal 2026 it was 14.8%, against 18.9% the year before. The highest annual figure on record is 23.8% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jul 31, 2026 | 14.8% | −4.1 |
| FY2025 | Jul 31, 2025 | 18.9% | +1.9 |
| FY2024 | Jul 31, 2024 | 16.9% | −0.5 |
| FY2023 | Jul 31, 2023 | 17.5% | −6.4 |
| FY2022 | Jul 31, 2022 | 23.8% | +10.2 |
| FY2021 | Jul 31, 2021 | 13.7% | +2.3 |
| FY2020 | Jul 31, 2020 | 11.4% | −9.6 |
| FY2019 | Jul 31, 2019 | 21.0% | +0.6 |
| FY2018 | Jul 31, 2018 | 20.3% | +0.4 |
| FY2017 | Jul 31, 2017 | 19.9% | +2.2 |
| FY2016 | Jul 31, 2016 | 17.7% | +2.6 |
| FY2015 | Jul 31, 2015 | 15.0% | +5.7 |
| FY2014 | Jul 31, 2014 | 9.3% | +0.7 |
| FY2013 | Jul 31, 2013 | 8.7% | +2.9 |
| FY2012 | Jul 31, 2012 | 5.8% | −2.3 |
| FY2011 | Jul 31, 2011 | 8.1% | +0.3 |
| FY2010 | Jul 31, 2010 | 7.7% | −2.8 |
| FY2009 | Jul 31, 2009 | 10.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q4 FY2026CQ2 2026 | Jul 31, 2026 | -75.1% | −1.7 |
| Q3 FY2026CQ1 2026 | Apr 30, 2026 | 41.0% | −3.6 |
| Q2 FY2026CQ4 2025 | Jan 31, 2026 | 31.8% | −1.9 |
| Q1 FY2026CQ3 2025 | Oct 31, 2025 | -77.4% | +0.2 |
| Q4 FY2025CQ2 2025 | Jul 31, 2025 | -73.4% | +2.5 |
| Q3 FY2025CQ1 2025 | Apr 30, 2025 | 44.6% | +2.0 |
| Q2 FY2025CQ4 2024 | Jan 31, 2025 | 33.7% | +1.2 |
| Q1 FY2025CQ3 2024 | Oct 31, 2024 | -77.6% | +2.5 |
| Q4 FY2024CQ2 2024 | Jul 31, 2024 | -75.8% | −16.2 |
| Q3 FY2024CQ1 2024 | Apr 30, 2024 | 42.6% | +2.2 |
| Q2 FY2024CQ4 2023 | Jan 31, 2024 | 32.5% | +2.7 |
| Q1 FY2024CQ3 2023 | Oct 31, 2023 | -80.1% | −21.6 |
| Q4 FY2023CQ2 2023 | Jul 31, 2023 | -59.6% | −22.9 |
| Q3 FY2023CQ1 2023 | Apr 30, 2023 | 40.4% | −5.5 |
| Q2 FY2023CQ4 2022 | Jan 31, 2023 | 29.8% | −6.1 |
| Q1 FY2023CQ3 2022 | Oct 31, 2022 | -58.5% | +35.9 |
| Q4 FY2022CQ2 2022 | Jul 31, 2022 | -36.7% | +46.7 |
| Q3 FY2022CQ1 2022 | Apr 30, 2022 | 45.9% | +2.3 |
| Q2 FY2022CQ4 2021 | Jan 31, 2022 | 35.9% | +5.5 |
| Q1 FY2022CQ3 2021 | Oct 31, 2021 | -94.4% | +30.1 |
| Q4 FY2021CQ2 2021 | Jul 31, 2021 | -83.5% | +136.8 |
| Q3 FY2021CQ1 2021 | Apr 30, 2021 | 43.6% | +12.2 |
| Q2 FY2021CQ4 2020 | Jan 31, 2021 | 30.3% | −3.3 |
| Q1 FY2021CQ3 2020 | Oct 31, 2020 | -124.4% | −73.8 |
| Q4 FY2020CQ2 2020 | Jul 31, 2020 | -220.2% | −170.8 |
| Q3 FY2020CQ1 2020 | Apr 30, 2020 | 31.4% | −12.7 |
| Q2 FY2020CQ4 2019 | Jan 31, 2020 | 33.6% | −1.9 |
| Q1 FY2020CQ3 2019 | Oct 31, 2019 | -50.6% | +7.4 |
| Q4 FY2019CQ2 2019 | Jul 31, 2019 | -49.4% | +4.0 |
| Q3 FY2019CQ1 2019 | Apr 30, 2019 | 44.1% | +0.5 |
| Q2 FY2019CQ4 2018 | Jan 31, 2019 | 35.5% | +0.5 |
| Q1 FY2019CQ3 2018 | Oct 31, 2018 | -58.0% | −11.0 |
| Q4 FY2018CQ2 2018 | Jul 31, 2018 | -53.4% | −4.3 |
| Q3 FY2018CQ1 2018 | Apr 30, 2018 | 43.6% | +3.3 |
| Q2 FY2018CQ4 2017 | Jan 31, 2018 | 35.1% | +0.3 |
| Q1 FY2018CQ3 2017 | Oct 31, 2017 | -47.0% | +3.8 |
| Q4 FY2017CQ2 2017 | Jul 31, 2017 | -49.1% | – |
| Q3 FY2017CQ1 2017 | Apr 30, 2017 | 40.3% | – |
| Q2 FY2017CQ4 2016 | Jan 31, 2017 | 34.8% | – |
| Q1 FY2017CQ3 2016 | Oct 31, 2016 | -50.8% | – |
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