Vail Resorts MTN Business Segments
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Reported EBITDA by Business | ||||||
| Lodging | $12.93M-29.8% | $18.42M-13.7% | $21.34M-6.4% | $22.8M+6.2% | $21.46M-14.0% | |
| Real Estate | $6.89M-51.6% | $14.24M-12.3% | $16.24M-18.2% | $19.84M— | —— | |
| Other Expenses by Business | ||||||
| Lodging Operating Expense | $102.48M+1.0% | $101.45M+2.4% | $99.05M+0.5% | $98.6M+7.5% | $91.7M-4.7% | |
| Mountain Operating Expense | $460.75M-1.5% | $467.56M-1.5% | $474.82M+0.4% | $472.78M-6.2% | $503.97M+7.1% | |
| Real Estate Operating Expense | $6.07M-3.0% | $6.26M-1.4% | $6.35M+2.1% | $6.21M-2.7% | $6.39M+3.0% | |
| General and Administrative Expense by Business | ||||||
| Lodging Operating Expense | $56.81M-3.6% | $58.92M-1.7% | $59.95M-0.6% | $60.31M-0.5% | $60.63M+0.9% | |
| Mountain Operating Expense | $384.09M-0.3% | $385.44M+2.1% | $377.33M+1.1% | $373.4M+1.1% | $369.29M+0.8% | |
| Labor and Related Expense by Business | ||||||
| Lodging Operating Expense | $134.18M-1.4% | $136.08M-1.0% | $137.49M-0.4% | $138.04M+1.6% | $135.81M-2.7% | |
| Mountain Operating Expense | $735.7M-2.4% | $753.7M-1.4% | $764.5M+0.5% | $760.96M-7.4% | $822.15M+9.8% | |
| Goodwill by Business | ||||||
| Lodging | $180.02M— | —— | —— | —— | —— | |
| Mountain | $6.56B— | —— | —— | —— | —— | |
| Lodging Revenue Net by Product | ||||||
| Dining | $64.38M-1.6% | $65.43M-0.6% | $65.8M-0.9% | $66.37M+1.1% | $65.66M+0.6% | |
| Golf | $15.65M0.0% | $15.65M0.0% | $15.65M+1.4% | $15.43M+4.7% | $14.73M0.0% | |
| Lodging revenue (excluding payroll cost reimbursements) | $306.41M-2.7% | $314.87M-0.9% | $317.84M-0.6% | $319.75M+0.4% | $318.55M-1.1% | |
| Managed condominium rooms | $74.24M-5.5% | $78.53M-1.2% | $79.51M-2.5% | $81.53M-0.5% | $81.91M-3.3% | |
| Other | $55.46M+1.2% | $54.79M-0.4% | $55M+0.1% | $54.92M-1.7% | $55.89M-1.6% | |
| Owned hotel rooms | $85.62M-2.6% | $87.86M-0.8% | $88.56M+0.4% | $88.18M+1.5% | $86.86M+0.1% | |
| Payroll cost reimbursements | $16.47M+5.6% | $15.59M+4.0% | $14.99M+4.9% | $14.29M-2.4% | $14.65M-3.9% | |
| Mountain Revenue Net by Product | ||||||
| Dining | $221.95M-5.1% | $233.78M-2.6% | $240.06M-0.3% | $240.9M+0.2% | $240.47M+0.6% | |
| Lift | $1.45B-2.7% | $1.49B-1.3% | $1.51B+0.6% | $1.5B0.0% | $1.5B+1.7% | |
| Other | $268.63M-0.8% | $270.74M-1.5% | $274.73M+0.5% | $273.47M+2.0% | $268.24M+0.4% | |
| Retail/Rental | $285.1M-3.2% | $294.57M-3.0% | $303.72M+0.4% | $302.45M-0.1% | $302.67M-3.1% | |
| Ski School | $280.04M-6.2% | $298.53M-4.0% | $310.91M+0.3% | $309.86M+0.1% | $309.58M-0.3% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Vail Resorts break its business down?
- Vail Resorts (MTN) reports total reported ebitda by business across 3 parts — Lodging, Mountain and Real Estate. Each is extracted from the segment footnotes and tracked over time.
- Where does Vail Resorts's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Vail Resorts's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.