---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-25-000103"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:30:01.465554+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts reports FY2025 net income $280M, EPS $7.53; FY2026 guidance below expectations

## Summary
- Net income $280.0M ($7.53 diluted EPS) up from $231.1M ($6.09) prior year; revenue $2.96B (+2.7%).
- Resort Reported EBITDA $844.1M, up 2.3% YoY; includes $15.2M transformation plan and $8.1M CEO transition costs.
- Pass product sales for 2025/26 season: units -3%, sales dollars +1% vs prior year period (FX-adjusted).
- FY2026 guidance: net income $201M-$276M, Resort EBITDA $842M-$898M (midpoint below FY2025 actual of $844M).
- Quarterly dividend $2.22/share payable Oct 27, 2025; repurchased $270M in shares during FY2025.

## SEC filing metadata
- accession: 0000812011-25-000103
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201125000103/0000812011-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201125000103/mtn-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-25-000103
- JSON: https://secwatch.observer/filing/0000812011-25-000103.json
- Plain text: https://secwatch.observer/filing/0000812011-25-000103.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.