---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-26-000025"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2026-06-08T20:06:01+00:00"
generated_at: "2026-06-08T20:07:48.578474+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q3 net income falls 19.3% to $314.4M; cuts FY 2026 guidance

## Summary
- Net income $314.4M vs $389.7M; Resort EBITDA $586.4M vs $647.7M.
- FY 2026 guidance lowered: net income $128M-$162M; Resort EBITDA $735M-$755M.
- Resort net revenue down 7.0% ($90.4M); lift revenue down 5% on 15% visitation drop.
- Season pass sales for upcoming season down 10% in units, 8% in days, 5% in dollars.
- Dividend $2.22/share declared, payable July 9 to record June 25.

## SEC filing metadata
- accession: 0000812011-26-000025
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2026-06-08T20:06:01+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201126000025/0000812011-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201126000025/mtn-20260608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-26-000025
- JSON: https://secwatch.observer/filing/0000812011-26-000025.json
- Plain text: https://secwatch.observer/filing/0000812011-26-000025.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported fiscal year ending July 31, 2026 results: net income $128 million to $162 million. Guidance lowered.
  - Period: fiscal year ending July 31, 2026
  - Net income: $128 million to $162 million
  - Guidance: lowered
  - Result: guidance update
  source text: The Company now expects fiscal 2026 Net Income and Resort EBITDA as follows: • Net income attributable to Vail Resorts, Inc. of $128 million to $162 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201126000025/0000812011-26-000025-index.htm
- Earnings Releases
  VAIL RESORTS INC reported three and nine months ended April 30, 2026 results: net income $314.4 million.
  - Period: three and nine months ended April 30, 2026
  - Net income: $314.4 million
  - Result: preliminary results
  source text: Q3 fiscal 2026 net income attributable to Vail Resorts, Inc. was $314.4 million compared to $389.7 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201126000025/0000812011-26-000025-index.htm

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