Vail Resorts › Financials
Vail Resorts financials
MTNTen years from Vail Resorts’ own SEC filings. Fiscal years end in July.
Income statement
| Jul 2017fiscal year | Jul 2018fiscal year | Jul 2019fiscal year | Jul 2020fiscal year | Jul 2021fiscal year | Jul 2022fiscal year | Jul 2023fiscal year | Jul 2024fiscal year | Jul 2025fiscal year | Jul 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.91B | $2.01B | $2.27B | $1.96B | $1.91B | $2.53B | $2.89B | $2.89B | $2.96B | $2.84B |
| Operating income | $379.3M | $408.8M | $476.3M | $223.4M | $261.0M | $601.7M | $504.4M | $488.8M | $560.0M | $420.5M |
| Net income | $210.6M | $379.9M | $301.2M | $98.8M | $127.8M | $347.9M | $265.8M | $231.1M | $280.0M | $147.5M |
| Earnings per share, diluted | $5.22 | $9.13 | $7.32 | $2.42 | $3.13 | $8.55 | $6.69 | $6.09 | $7.53 | $4.12 |
Balance sheet
| Jul 2017fiscal year | Jul 2018fiscal year | Jul 2019fiscal year | Jul 2020fiscal year | Jul 2021fiscal year | Jul 2022fiscal year | Jul 2023fiscal year | Jul 2024fiscal year | Jul 2025fiscal year | Jul 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $117.4M | $178.1M | $108.8M | $391.0M | $1.24B | $1.11B | $563.0M | $322.8M | $440.3M | $231.3M |
| Total assets | $4.11B | $4.06B | $4.43B | $5.24B | $6.25B | $6.32B | $5.95B | $5.70B | $5.78B | $5.53B |
| Debt | $1.28B | $1.28B | $1.58B | $2.44B | $2.95B | $2.81B | $2.83B | $2.79B | $3.19B | $3.18B |
| Total liabilities | $2.31B | $2.25B | $2.70B | $3.71B | $4.42B | $4.47B | $4.61B | $4.66B | $5.02B | $4.97B |
| Shareholders' equity | $1.57B | $1.59B | $1.50B | $1.32B | $1.59B | $1.61B | $1.00B | $723.5M | $424.5M | $240.5M |
Cash flow
| Jul 2017fiscal year | Jul 2018fiscal year | Jul 2019fiscal year | Jul 2020fiscal year | Jul 2021fiscal year | Jul 2022fiscal year | Jul 2023fiscal year | Jul 2024fiscal year | Jul 2025fiscal year | Jul 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $471.0M | $548.5M | $634.2M | $394.9M | $525.2M | $710.5M | $637.9M | $589.0M | $554.9M | $479.6M |
| Capital spending | $144.4M | $140.6M | $192.0M | $172.3M | $115.1M | $192.8M | $314.9M | $211.2M | $235.2M | $231.6M |
| Free cash flow | $326.6M | $407.9M | $442.2M | $222.6M | $410.2M | $517.7M | $322.9M | $377.8M | $319.7M | $248.0M |
| Buybacks | $210K | $25.8M | $85.0M | $46.4M | $0 | $75.0M | $500.0M | $150.0M | $270.0M | $45.0M |
| Dividends | $146.2M | $204.2M | $260.6M | $212.7M | $0 | $225.8M | $314.4M | $323.7M | $328.2M | $317.1M |
| Returned to shareholders | $146.4M | $230.0M | $345.6M | $259.2M | $0 | $300.8M | $814.4M | $473.7M | $598.2M | $362.1M |
| Stock-based pay | $18.3M | $19.0M | $19.9M | $21.0M | $24.4M | $24.9M | $25.4M | $26.8M | $34.0M | $28.2M |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Vail Resorts financials, answered
What is Vail Resorts' market cap?
$5.38B at $151.01 a share, with 35,635,298 shares outstanding as of Sep 23, 2026, from the cover of its latest SEC filing.
How much does Vail Resorts earn?
Revenue of $2.84B and net income of $147.5M in the fiscal 2026.
How much debt does Vail Resorts have?
Vail Resorts reported $3.18B of debt and $231.3M of cash and equivalents on its balance sheet in Jul 2026.
Does Vail Resorts make free cash flow?
Yes. Operating cash flow minus capital spending was $248.0M in the fiscal 2026.
How much cash does Vail Resorts return to shareholders?
$362.1M in buybacks and dividends in fiscal 2026, from the cash flow statement.