VAIL RESORTS INC (MTN) Form 10-K — Sep 28, 2026
Vail Resorts filed its Fiscal 2026 annual report (fiscal year ended July 31, 2026), covering its network of 42 destination mountain resorts and regional ski areas across North America, Australia and Switzerland. The Mountain segment represented approximately 88% of net revenue, with Lodging at 12% and Real Estate near 0%. The 2025/2026 North American ski season was challenged by record low snowfall and historically warm temperatures in the western U.S., which decreased skier visitation and led to earlier resort closures, particularly impacting the Rockies and Tahoe regions.
Key figures
- Shares Outstanding
- 35635298
- Owned hotel adr
- $324.58
- Resorts operated
- 42
- Owned hotel revpar
- $169.04
- Skier visits fy2026
- approximately 13.1 million (~17.9% of North American visits)
- Year round employees
- approximately 6,500
- Owned hotel occupancy
- 52.1%
- Share price reference
- $133.07 (Jan 30, 2026)
- Ret run rate efficiencies
- more than $100 million annualized
- Seasonal employees fy2026
- approximately 44,400
- Lift investment since 2016
- over $560 million
- Market value non affiliates
- $4,694,414,924 as of January 30, 2026
- Pass product share visitation
- approximately 73% (excluding complimentary access)
- Pass product share lift revenue
- approximately 70%
- Snowmaking investment since 2016
- over $105 million
- North american skier visits total
- approximately 72.9 million
AI analysis
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