---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-26-000013"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:25:58.254225+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q2 net income falls to $210M; cuts FY2026 guidance on historic Rockies drought

## Summary
- Q2 net income $210.0M vs $244.4M YoY; Resort EBITDA $421.3M vs $459.7M.
- FY2026 guidance cut: net income $144M-$190M, Resort EBITDA $745M-$775M; cites historic Rockies drought.
- Season-to-date skier visits down 11.9%; lift revenue down 3.6% despite 3% pass sales growth.
- Quarterly dividend $2.22/share payable Apr 9, record Mar 26; FYTD share repurchases $45M at ~$139/share.
- CEO: most challenging Rockies winter in >30 yrs with lowest snowfall; cost management partially offset.

## SEC filing metadata
- accession: 0000812011-26-000013
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/0000812011-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/mtn-20260309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-26-000013
- JSON: https://secwatch.observer/filing/0000812011-26-000013.json
- Plain text: https://secwatch.observer/filing/0000812011-26-000013.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported the second quarter of fiscal 2026 ended January 31, 2026 results: net income $210.0 million.
  - Period: the second quarter of fiscal 2026 ended January 31, 2026
  - Net income: $210.0 million
  - Result: reported results
  source text: • Q2 fiscal 2026 net income attributable to Vail Resorts, Inc. was $210.0 million compared to $244.4 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/0000812011-26-000013-index.htm
- Earnings Releases
  VAIL RESORTS INC reported fiscal 2026 results: net income $144 million to $190 million. Guidance lowered.
  - Period: fiscal 2026
  - Net income: $144 million to $190 million
  - Guidance: lowered
  - Result: guidance update
  source text: The Company reduced its fiscal 2026 guidance and is now expecting net income attributable to Vail Resorts, Inc. of $144 million to $190 million and Resort Reported EBITDA of $745 million to $775 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/0000812011-26-000013-index.htm

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