Vail Resorts (MTN) filed its annual report (10-K) for fiscal 2026 on September 28. Compared with the same period a year earlier, revenue fell 4.3% and net income fell 47.3%.
In plain terms
The changes in revenue and net income over the period were very different in size. Such gaps come from core profitability or from items outside the business.
What happened
Vail Resorts (MTN) filed its annual report (10-K) for fiscal 2026 with the SEC on September 28. It covers August 1, 2025 to July 31, 2026.
Compared with the same period a year earlier, revenue fell 4.3% and net income fell 47.3%.
Figures are copied as filed. Ratios we calculated are marked as such, and the working is at the end.
We find the numbers that are in the filing but not in the news, and analyze what they mean, how big they are and what to watch next quarter — with the arithmetic and quarterly metrics. Cancel any time.
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FAQ
Where can I check these figures myself?
On SEC EDGAR, in Vail Resorts' 10-K (accession 0000812011-26-000049). The same values appear on the corresponding lines of the consolidated statements.
Are the ratios figures the company reports?
No. They divide two figures stated in the filing for the same period. The working is in the arithmetic table in the subscriber section.
Are figures from different periods mixed?
No. Income and cash items are divided only by items covering the same length of time, and balances are always stated against the previous fiscal year-end.
Revision history
— Sentences rewritten in plainer language; no figures changed
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Vail Resorts Form 10-K (fiscal 2026, filed 2026-09-28): inline XBRL in the consolidated financial statements, SEC EDGAR accession 0000812011-26-000049 · SEC EDGAR · This article is not investment advice. Disclaimer
Frequently asked questions
Where can I verify the figures in this article?
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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