# Vail Resorts, Inc. (MTN) FY2026 Annual P&L / Income Statement

- Company: Vail Resorts, Inc. (MTN)
- Period: 2025-08-01 to 2026-07-31
- Filing: FY2026 10-K, filed 2026-09-28, accession number 0000812011-26-000049
- Page: https://plicit.ai/financials/mtn/fy2026-annual-income-statement
- Chart image: https://plicit.ai/charts/mtn-fy2026-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-08-01 through 2026-07-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 2,838,204,000 US dollars
- **Operating costs, net of other operating items (calculated)**: 2,417,663,000 US dollars
- **Income from operations**: 420,541,000 US dollars
- **Other income (expense), net (calculated)**: negative 193,585,000 US dollars
- **Income before provision for income taxes**: 226,956,000 US dollars
- **Provision for income taxes (Note 10)**: 56,212,000 US dollars
- **Net income**: 170,744,000 US dollars
- **Mountain and Lodging retail and dining**: 464,790,000 US dollars
- **Mountain and Lodging services and other**: 2,367,221,000 US dollars
- **Real Estate**: 6,193,000 US dollars
- **Total segment operating expense**: 2,099,154,000 US dollars
- **Depreciation and amortization**: 305,610,000 US dollars
- **Change in estimated fair value of contingent consideration (Note 9)**: 19,239,000 US dollars
- **(Loss) gain on disposal of fixed assets and other, net**: 6,823,000 US dollars
- **Gain on sale of real property, net**: negative 13,163,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Vail Resorts, Inc.: $147.54 M; to noncontrolling interests: $23.21 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/mtn/fy2026-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/mtn-fy2026-annual-revenue-by-geography-sankey.png

Income statement for 2025-08-01 through 2026-07-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 2,838,204,000 US dollars
- **Operating costs, net of other operating items (calculated)**: 2,417,663,000 US dollars
- **Income from operations**: 420,541,000 US dollars
- **Other income (expense), net (calculated)**: negative 193,585,000 US dollars
- **Income before provision for income taxes**: 226,956,000 US dollars
- **Provision for income taxes (Note 10)**: 56,212,000 US dollars
- **Net income**: 170,744,000 US dollars
- **Geographic Distribution, Foreign**: 599,955,000 US dollars
- **Geographic Distribution, Domestic**: 2,238,249,000 US dollars
- **Total segment operating expense**: 2,099,154,000 US dollars
- **Depreciation and amortization**: 305,610,000 US dollars
- **Change in estimated fair value of contingent consideration (Note 9)**: 19,239,000 US dollars
- **(Loss) gain on disposal of fixed assets and other, net**: 6,823,000 US dollars
- **Gain on sale of real property, net**: negative 13,163,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to Vail Resorts, Inc.: $147.54 M; to noncontrolling interests: $23.21 M.