Vail Resorts (MTN) Revenue & Revenue Breakdown

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Vail Resorts Revenue Highlights

Latest Revenue (Y)

$2.96B

Latest Revenue (Q)

$1.08B

Main Segment (Y)

Lodging revenue (excluding payroll cost reimbursements)

Main Geography (Y)

CANADA

Vail Resorts Revenue by Period

Vail Resorts Revenue by Year

Date	Revenue	Change
2025-07-31	$2.96B	2.73%
2024-07-31	$2.89B	-0.14%
2023-07-31	$2.89B	14.39%
2022-07-31	$2.53B	32.27%
2021-07-31	$1.91B	-2.75%
2020-07-31	$1.96B	-13.55%
2019-07-31	$2.27B	12.93%
2018-07-31	$2.01B	5.47%
2017-07-31	$1.91B	19.11%
2016-07-31	$1.60B	14.38%
2015-07-31	$1.40B	11.58%
2014-07-31	$1.25B	11.94%
2013-07-31	$1.12B	9.41%
2012-07-31	$1.02B	-12.22%
2011-07-31	$1.17B	34.35%
2010-07-31	$868.63M	-11.09%
2009-07-31	$976.99M	-15.20%
2008-07-31	$1.15B	22.50%
2007-07-31	$940.54M	12.12%
2006-07-31	$838.85M	3.56%
2005-07-31	$809.99M	12.20%
2004-07-31	$721.89M	1.62%
2003-07-31	$710.40M	15.46%
2002-07-31	$615.26M	13.15%
2001-07-31	$543.78M	-1.68%
2000-07-31	$553.06M	16.26%
1999-07-31	$475.70M	43.93%
1998-07-31	$330.50M	74.96%
1996-09-30	$188.90M	-
1996-06-30	$188.90M	-

Vail Resorts generated $2.96B in revenue during NA 2025, up 2.73% compared to the previous quarter, and up 150.93% compared to the same period a year ago.

Vail Resorts Revenue by Quarter

Date	Revenue	Change
2026-01-31	$1.08B	299.92%
2025-10-31	$271.03M	-0.10%
2025-07-31	$271.29M	-79.06%
2025-04-30	$1.30B	13.92%
2025-01-31	$1.14B	336.93%
2024-10-31	$260.27M	-1.93%
2024-07-31	$265.39M	-79.32%
2024-04-30	$1.28B	19.05%
2024-01-31	$1.08B	316.90%
2023-10-31	$258.56M	-4.15%
2023-07-31	$269.77M	-78.22%
2023-04-30	$1.24B	12.41%
2023-01-31	$1.10B	294.25%
2022-10-31	$279.45M	4.61%
2022-07-31	$267.14M	-77.30%
2022-04-30	$1.18B	29.80%
2022-01-31	$906.53M	416.32%
2021-10-31	$175.58M	-14.02%
2021-07-31	$204.20M	-77.03%
2021-04-30	$889.08M	29.86%
2021-01-31	$684.64M	419.51%
2020-10-31	$131.79M	70.69%
2020-07-31	$77.21M	-88.88%
2020-04-30	$694.09M	-24.93%
2020-01-31	$924.64M	245.31%
2019-10-31	$267.77M	9.74%
2019-07-31	$244.01M	-74.53%
2019-04-30	$957.99M	12.76%
2019-01-31	$849.58M	286.16%
2018-10-31	$220.00M	3.95%
2018-07-31	$211.64M	-74.94%
2018-04-30	$844.49M	14.96%
2018-01-31	$734.58M	232.61%
2017-10-31	$220.85M	5.61%
2017-07-31	$209.12M	-73.68%
2017-04-30	$794.63M	9.57%
2017-01-31	$725.20M	306.81%
2016-10-31	$178.26M	-0.90%
2016-07-31	$179.88M	-72.22%
2016-04-30	$647.47M	8.03%
2016-01-31	$599.36M	243.34%
2015-10-31	$174.57M	7.70%
2015-07-31	$162.08M	-72.02%
2015-04-30	$579.34M	9.26%
2015-01-31	$530.24M	313.40%
2014-10-31	$128.26M	-5.33%
2014-07-31	$135.49M	-75.05%
2014-04-30	$543.05M	19.95%
2014-01-31	$452.72M	266.90%
2013-10-31	$123.39M	9.87%
2013-07-31	$112.31M	-76.09%
2013-04-30	$469.69M	11.18%
2013-01-31	$422.45M	263.09%
2012-10-31	$116.35M	2.47%
2012-07-31	$113.54M	-73.04%
2012-04-30	$421.14M	12.81%
2012-01-31	$373.33M	220.81%
2011-10-31	$116.37M	-10.49%
2011-07-31	$130.01M	-68.63%
2011-04-30	$414.47M	6.78%
2011-01-31	$388.14M	65.58%
2010-10-31	$234.42M	71.00%
2010-07-31	$137.09M	-60.86%
2010-04-30	$350.25M	16.55%
2010-01-31	$300.52M	272.10%
2009-10-31	$80.76M	-20.76%
2009-07-31	$101.93M	-69.44%
2009-04-30	$333.48M	-14.23%
2009-01-31	$388.80M	154.48%
2008-10-31	$152.78M	-43.51%
2008-07-31	$270.46M	-36.18%
2008-04-30	$423.79M	17.71%
2008-01-31	$360.02M	-

Vail Resorts generated $1.08B in revenue during Q2 2026, up 299.92% compared to the previous quarter, and up 416.44% compared to the same period a year ago.

Vail Resorts Revenue Breakdown

Vail Resorts Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Jul 25	Jul 24	Jul 23	Jul 22	Jul 21
Owned Hotel Revenue	$88.18M	$83.98M	$80.12M	$80.58M	$47.51M
Other Lodging Revenue	$52.80M	$56.37M	$55.82M	$46.50M	$43.01M
Managed condominium rooms	$81.53M	$86.20M	$96.78M	$97.70M	$72.22M
Lodging revenue (excluding payroll cost reimbursements)	$319.75M	$319.83M	$323.14M	$300.35M	$211.51M
Golf	$16.01M	$13.72M	$12.74M	$10.97M	$20.44M
Dining	$66.37M	$63.26M	$62.45M	$48.57M	$19.07M
Payroll cost reimbursements	$14.29M	$16.29M	$17.25M	$11.74M	$6.55M
Transportation	$14.85M	$16.31M	$15.24M	$16.02M	$9.27M

Vail Resorts's latest annual revenue breakdown by segment (product or service), as of Jul 25: Lodging revenue (excluding payroll cost reimbursements) (48.91%), Owned Hotel Revenue (13.49%), Managed condominium rooms (12.47%), Dining (10.15%), Other Lodging Revenue (8.08%), Golf (2.45%), Transportation (2.27%), and Payroll cost reimbursements (2.19%).

Quarterly Revenue by Product

Product/Service	Jan 26	Oct 25	Jul 25	Apr 25	Jan 25	Oct 24	Jul 24	Apr 24	Jan 24	Oct 23	Jul 23	Apr 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21
Retail Rental	$126.01M	$30.79M	$113.68M	$135.16M	$29.53M	$123.26M	$136.16M	$33.47M	$135.01M	$159.93M	$40.34M	$126.50M	$126.83M	$28.38M	-	-	-	-	-	-
Ski School	$120.63M	$7.89M	$160.24M	$133.01M	$6.84M	$161.25M	$126.63M	$7.18M	$145.13M	$123.45M	$8.93M	$120.90M	$92.07M	$1.47M	-	-	-	-	-	-
Other Mountain Revenue	$55.12M	$77.13M	$57.40M	$59.10M	$75.88M	$56.40M	$51.68M	$68.34M	$52.85M	$51.63M	$73.46M	$42.71M	$39.84M	$52.60M	-	-	-	-	-	-
Lift Tickets	$625.93M	$49.64M	$770.26M	$644.92M	$40.42M	$745.68M	$603.46M	$45.39M	$710.05M	$592.60M	$59.54M	$714.71M	$521.58M	$14.33M	-	-	-	-	-	-
Transportation	$4.80M	$2.60M	$6.74M	$5.51M	$2.75M	$7.15M	$6.41M	$2.43M	$6.92M	$5.89M	$1.60M	$6.86M	$5.77M	$1.66M	$4.66M	-	-	-	-	-
Payroll cost reimbursements	$4.37M	$3.84M	$3.15M	$4.24M	$3.77M	$3.13M	$3.51M	$4.83M	$4.50M	$3.46M	$3.26M	$5.32M	$4.99M	$3.68M	$3.46M	$4.68M	$1.86M	$1.74M	$1.38M	$1.95M
Owned Hotel Revenue	$12.74M	$28.45M	$31.57M	$15.10M	$13.44M	$28.07M	$30.24M	$14.98M	$13.58M	$25.18M	$27.98M	$15.09M	$13.48M	$23.57M	$27.22M	$18.30M	$13.58M	$21.48M	$23.18M	$10.25M
Other Lodging Revenue	$10.20M	$16.58M	$16.58M	$9.31M	$10.41M	$16.50M	$18.00M	$10.23M	$11.42M	$16.72M	$16.94M	$12.38M	$11.70M	$14.80M	$14.86M	$9.93M	$9.27M	$14.27M	$17.17M	$8.65M
Managed condominium rooms	$26.09M	$9.69M	$10.11M	$32.63M	$27.07M	$11.71M	$10.50M	$35.39M	$28.31M	$12.00M	$14.18M	$38.41M	$31.34M	$12.86M	$14.00M	$37.49M	$33.13M	$13.08M	$13.83M	$28.73M
Lodging revenue (excluding payroll cost reimbursements)	$67.22M	$81.87M	$87.12M	$78.66M	$70.19M	$83.78M	$85.92M	$82.23M	$73.32M	$78.36M	$85.39M	$88.23M	$75.59M	$73.94M	$78.79M	$87.22M	$70.12M	$64.22M	$77.90M	$57.14M
Dining	$84.63M	$19.79M	-	$110.97M	$90.91M	$20.63M	-	$109.47M	$82.06M	$18.08M	-	$85.83M	$19.44M	$15.27M	$79.83M	$54.05M	$12.52M	$10.26M	$4.85M	-
Golf	-	$7.77M	$8.46M	$7.55M	$7.35M	-	-	$6.38M	$6.85M	-	-	$5.89M	$5.84M	-	-	$5.11M	$11.79M	-	-	-

Vail Resorts's latest quarterly revenue breakdown by segment (product or service), as of Jan 26: Lift Tickets (55.02%), Retail Rental (11.08%), Ski School (10.60%), Dining (7.44%), Lodging revenue (excluding payroll cost reimbursements) (5.91%), Other Mountain Revenue (4.84%), Managed condominium rooms (2.29%), Owned Hotel Revenue (1.12%), Other Lodging Revenue (0.90%), Transportation (0.42%), and Payroll cost reimbursements (0.38%).

Vail Resorts Revenue Breakdown by Country

Annual Revenue by Country

Country	Jul 25	Jul 24	Jul 23	Jul 22	Jul 21
CANADA	$335.30M	$326.20M	$321.70M	-	-
Other Lodging Revenue	-	-	-	$46.50M	$43.01M
Owned Hotel Revenue	-	-	-	$80.58M	$47.51M
Payroll cost reimbursements	-	-	-	$11.74M	$6.55M
Transportation	-	-	-	$16.02M	$9.27M
Golf	-	-	-	$10.97M	$20.44M
Dining	-	-	-	$48.57M	$19.07M
Lodging revenue (excluding payroll cost reimbursements)	-	-	-	$300.35M	$211.51M
Managed condominium rooms	-	-	-	$97.70M	$72.22M

Vail Resorts's latest annual revenue breakdown by geography, as of Jul 25: CANADA (100.00%).

Quarterly Revenue by Country

Country	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20	Apr 20	Jan 20	Oct 19	Jul 19	Apr 19	Jan 19	Oct 18	Jul 18	Apr 18
Golf	-	$5.89M	$5.84M	-	-	$5.11M	$11.79M	-	-	$8.45M	$6.81M	-	-	$10.22M	$10.02M	-	-	$9.15M	-	-
Lift Tickets	$592.60M	$59.54M	$714.71M	$521.58M	$14.33M	$20.19M	$452.72M	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned Hotel Revenue	$13.48M	$23.57M	$27.22M	$18.30M	$13.58M	$21.48M	$23.18M	$10.25M	$6.71M	$7.37M	$5.67M	$8.13M	$11.25M	$19.95M	$21.33M	$12.35M	$11.55M	$19.60M	-	-
Payroll cost reimbursements	$4.99M	$3.68M	$3.46M	$4.68M	$1.86M	$1.74M	$1.38M	$1.95M	$2.02M	$1.20M	$944.00K	$2.97M	$3.44M	$3.19M	$3.15M	$3.90M	$3.62M	$3.65M	-	-
Ski School	$123.45M	$8.93M	$120.90M	$92.07M	$1.47M	$4.14M	$101.21M	-	-	-	-	-	-	-	-	-	-	-	-	-
Retail Rental	$159.93M	$40.34M	$126.50M	$126.83M	$28.38M	$31.45M	$104.16M	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Mountain Revenue	$51.63M	$73.46M	$42.71M	$39.84M	$52.60M	$57.08M	$43.75M	-	-	-	-	-	-	-	-	-	-	-	-	-
Dining	$85.83M	$19.44M	$15.27M	$79.83M	$54.05M	$12.52M	$10.26M	$4.85M	$2.87M	$1.09M	$899.00K	$8.10M	$11.11M	$18.14M	$16.34M	$11.07M	$10.19M	$16.13M	$18.51M	$70.68M
Other Lodging Revenue	$11.70M	$14.80M	$14.86M	$9.93M	$9.27M	$14.27M	$17.17M	$8.65M	$8.00M	$9.37M	$7.52M	$9.78M	$13.86M	$14.17M	$16.92M	$13.28M	$12.12M	$12.78M	-	-
Managed condominium rooms	$31.34M	$12.86M	$14.00M	$37.49M	$33.13M	$13.08M	$13.83M	$28.73M	$20.34M	$9.33M	$6.50M	$23.74M	$31.50M	$14.74M	$16.40M	$30.67M	$28.05M	$11.12M	-	-
Lodging revenue (excluding payroll cost reimbursements)	$75.59M	$73.94M	$78.79M	$87.22M	$70.12M	$64.22M	$77.90M	$57.14M	$40.86M	$35.62M	$27.44M	$55.42M	$75.44M	$79.57M	$83.51M	$75.95M	$69.63M	$71.25M	-	-
Transportation	$5.89M	$1.60M	$6.86M	$5.77M	$1.66M	$4.66M	$2.95M	-	$48.00K	$5.67M	$7.72M	$2.35M	$2.50M	$8.58M	$7.72M	$2.47M	-	-	-	-

Vail Resorts's latest quarterly revenue breakdown by geography, as of Jan 23: Lift Tickets (51.24%), Retail Rental (13.83%), Ski School (10.68%), Dining (7.42%), Lodging revenue (excluding payroll cost reimbursements) (6.54%), Other Mountain Revenue (4.46%), Managed condominium rooms (2.71%), Owned Hotel Revenue (1.17%), Other Lodging Revenue (1.01%), Transportation (0.51%), and Payroll cost reimbursements (0.43%).

Vail Resorts Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
LEA	Lear	$23.26B	$5.68B
THO	Thor Industries	$9.58B	$2.13B
URBN	Urban Outfitters	$5.55B	$1.53B
BYD	Boyd Gaming	$4.09B	$1.00B
REYN	Reynolds Consumer Products	$3.70B	$931.00M
LNW	Light & Wonder	$3.31B	$841.00M
LTH	Life Time Group	$3.00B	$782.65M
MTN	Vail Resorts	$2.96B	$1.08B
SGHC	Super Group (SGHC)	$1.44B	$379.25M
WH	Wyndham Hotels & Resorts	$1.43B	$382.00M
CHDN	Churchill Downs	-	$683.00M

MTN Revenue FAQ

What is Vail Resorts’s yearly revenue?

Vail Resorts's yearly revenue for 2025 was $2.96B, representing an increase of 2.73% compared to 2024. The company's yearly revenue for 2024 was $2.89B, representing a decrease of -0.14% compared to 2023. MTN's yearly revenue for 2023 was $2.89B, representing an increase of 14.39% compared to 2022.

What is Vail Resorts’s quarterly revenue?

Vail Resorts's quarterly revenue for Q2 2026 was $1.08B, a 299.92% increase from the previous quarter (Q1 2026), and a -4.69% decrease year-over-year (Q2 2025). The company's quarterly revenue for Q1 2026 was $271.03M, a -0.10% decrease from the previous quarter (Q4 2025), and a 4.13% increase year-over-year (Q1 2025). MTN's quarterly revenue for Q4 2025 was $271.29M, a -79.06% decrease from the previous quarter (Q3 2025), and a 2.22% increase year-over-year (Q4 2024).

What is Vail Resorts’s revenue growth rate?

Vail Resorts's revenue growth rate for the last 3 years (2023-2025) was 2.58%, and for the last 5 years (2021-2025) was 55.20%.

What are Vail Resorts’s revenue streams?

Vail Resorts's revenue streams in l 25 are Owned Hotel Revenue, Other Lodging Revenue, Managed condominium rooms, Lodging revenue (excluding payroll cost reimbursements), Golf, Dining, Payroll cost reimbursements, and Transportation. Owned Hotel Revenue generated $88.18M in revenue, accounting 13.49% of the company's total revenue, up 5.01% year-over-year. Other Lodging Revenue generated $52.8M in revenue, accounting 8.08% of the company's total revenue, down -6.32% year-over-year. Managed condominium rooms generated $81.52M in revenue, accounting 12.47% of the company's total revenue, down -5.42% year-over-year. Lodging revenue (excluding payroll cost reimbursements) generated $319.75M in revenue, accounting 48.91% of the company's total revenue, down -0.03% year-over-year. Golf generated $16.01M in revenue, accounting 2.45% of the company's total revenue, up 16.66% year-over-year. Dining generated $66.37M in revenue, accounting 10.15% of the company's total revenue, up 4.93% year-over-year. Payroll cost reimbursements generated $14.29M in revenue, accounting 2.19% of the company's total revenue, down -12.26% year-over-year. Transportation generated $14.85M in revenue, accounting 2.27% of the company's total revenue, down -8.93% year-over-year.

What is Vail Resorts’s main source of revenue?

For the fiscal year ending Jul 25, the largest source of revenue of Vail Resorts was Lodging revenue (excluding payroll cost reimbursements). This segment made a revenue of $319.75M, representing 48.91% of the company's total revenue.