Brandt Montour

Chris Woronka

David Katz

Jeffrey Stantial

Shaun Kelley

Benjamin Chaiken

Laurent Vasilescu

Arpine Kocharyan

Matthew Boss

Megan Alexander

Arpine Kocharian

Ben Chaiken

Charles Scholes

C. Patrick Scholes

Megan Christine Alexander

Megan Clapp

Patrick Scholes

Paul Golding

Xian Siew

- Vail Resorts reported **net income attributable to Vail Resorts, Inc. of $280.0 million** and **Resort Reported EBITDA of $844.1 million** for fiscal year 2025.  **[812011_0000812011-25-000103_a20250731pressrelease.htm:0]** 
- For fiscal year 2026, the company expects net income attributable to Vail Resorts, Inc. to be between **$201 million and $276 million**, and Resort Reported EBITDA to be between **$842 million and $898 million**.  **[812011_0000812011-25-000103_a20250731pressrelease.htm:0]** 
- Pass product sales for the upcoming 2025/2026 North American ski season, through September 19, 2025, **decreased approximately 3% in units** but **increased approximately 1% in sales dollars** compared to the prior year period.  **[812011_0000812011-25-000103_a20250731pressrelease.htm:0]** 
- The company declared a quarterly cash dividend of **$2.22 per share** and repurchased approximately **1.29 million shares for $200 million** during the quarter, contributing to a total of **1.69 million shares repurchased for $270 million** for the full fiscal year.  **[812011_0000812011-25-000103_a20250731pressrelease.htm:0]** 
- Management stated that fiscal 2025 results were "below expectations" and pass sales growth was "limited," but expressed confidence in returning to "higher growth in fiscal year 2027 and beyond" through strategic adjustments.  **[812011_0000812011-25-000103_a20250731pressrelease.htm:3]**

Vail Resorts Reports Fiscal 2025 Results, Provides Fiscal 2026 Outlook, and Updates on Pass Sales

- Vail Resorts reported **net income attributable to Vail Resorts, Inc.** of **$280.0 million** and **Resort Reported EBITDA** of **$844.1 million** for fiscal year 2025.  **[812011_20250929CL86062:0]** 
- For fiscal year 2026, the company provided guidance expecting **net income attributable to Vail Resorts, Inc.** to be between **$201 million and $276 million** and **Resort Reported EBITDA** between **$842 million and $898 million**.  **[812011_20250929CL86062:0]** **[812011_20250929CL86062:6]** 
- Pass product sales for the upcoming 2025/2026 North American ski season, through September 19, 2025, decreased approximately **3% in units** but increased approximately **1% in sales dollars** compared to the prior year period.  **[812011_20250929CL86062:0]** **[812011_20250929CL86062:5]** 
- The company declared a quarterly cash dividend of **$2.22 per share** payable on October 27, 2025, and repurchased approximately **1.29 million shares** for **$200 million** during the quarter, contributing to a total of **$270 million** in repurchases for the full fiscal year.  **[812011_20250929CL86062:0]** **[812011_20250929CL86062:8]** 
- Vail Resorts completed an offering of **$500 million** aggregate principal amount of **5.625% Senior Notes due 2030** on July 2, 2025.  **[812011_20250929CL86062:0]** **[812011_20250929CL86062:8]**

Vail Resorts Reports Fiscal 2025 Results and Provides Fiscal 2026 Outlook

VAIL RESORTS (MTN)