Key Highlights

  • Vail Resorts' $2.22 quarterly Dividend trades ex-dividend October 8, 2026, with payment on October 27 to shareholders of record.
  • Fiscal 2026 net Revenue was $2.838 billion, compared with $2.964 billion, and Net Income attributable was $147.5 million.
  • Resort Reported EBITDA (non-GAAP) was $745.7 million, compared with $844.1 million, and skier visits were down 13.4%.
  • The company reported fiscal 2027 guidance for Resort Reported EBITDA (non-GAAP) of $805 million to $865 million.

Vail Resorts, Inc. (NYSE:MTN) declared a quarterly dividend of $2.22 per share, a Yield of 6.12%, payable October 27 to shareholders of record on October 8, 2026. Fiscal 2026 net income attributable was $147.5 million, compared with $280.0 million, and total Reported EBITDA (non-GAAP) was $753.0 million. The company operates 42 destination mountain resorts and regional ski areas.

Dividend Program and Shareholder Returns

Vail Resorts' board approved the $2.22 per share dividend on September 24, 2026, payable October 27 to holders of record on October 8. The shares trade ex-dividend on October 8.

The company reported total Debt of $3.2 billion at July 31, 2026, with net debt of $2.918 billion, and net debt to Total Reported EBITDA (non-GAAP) of 3.9x. Operating Cash Flow for fiscal 2026 was $479.626 million. Each dividend remains subject to board approval.

About the Company

Vail Resorts, Inc. operates 42 destination mountain resorts and regional ski areas. In its fiscal fourth-quarter release, the company reported fiscal 2026 net revenue of $2.838 billion and a Liquidity position of about $0.8 billion. It reported a calendar 2026 Capital plan of $229 million to $234 million.

Fiscal 2026 Net Revenue, Net Income and Reported EBITDA

Vail Resorts reported fiscal 2026 net revenue of $2.838 billion, compared with $2.964 billion. Net income attributable was $147.5 million, compared with $280.0 million. Resort Reported EBITDA, a non-GAAP measure, was $745.7 million, compared with $844.1 million, a decline of 11.7%, and total Reported EBITDA (non-GAAP) was $753.0 million, compared with $862.8 million.

Skier visits were down 13.4%. Resort net revenue decreased $131.9 million, or 4.5%, with lift revenue down 3.5% and pass revenue up 3.9%. The company reported pass sales through September 18 down about 12% in units, about 10% in days and about 6% in dollars.

Fiscal 2027 Guidance and Cost Program

Vail Resorts reported fiscal 2027 guidance for net income attributable of $158 million to $233 million and Resort Reported EBITDA (non-GAAP) of $805 million to $865 million. The company stated that its Resource Efficiency Transformation includes about $25 million of incremental fiscal 2027 savings and about $110 million of total annualized savings by the end of fiscal 2027. It reported calendar 2026 capital expenditures of $229 million to $234 million.

Outlook

Vail Resorts' $2.22 quarterly dividend is payable October 27 to shareholders of record on October 8, 2026. Season pass sales relative to the fiscal 2027 guidance ranges, net debt to Total Reported EBITDA (non-GAAP) of 3.9x, and progress on the Resource Efficiency Transformation are the relevant considerations.