Welcome to our dedicated page for Vail Resorts SEC filings (Ticker: MTN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vail Resorts SEC filings document operating results, ski-season metrics and material events for a NYSE-listed mountain resort operator with common stock traded under MTN. The company’s 8-K disclosures include quarterly results, guidance updates, Regulation FD materials, season-to-date skier visits and lift revenue metrics for its North American resorts and regional ski areas.
Filings also cover capital-structure matters, including credit agreement amendments, dividend declarations, governance items from annual meeting votes, auditor ratification and advisory compensation votes. These records describe the company’s resort economics, financing arrangements, shareholder voting outcomes and formal public-company reporting obligations.
Vail Resorts reported lower results for the quarter ended April 30, 2026, as weak Western U.S. snowfall hurt visitation. Total net revenue was $1.21 billion versus $1.30 billion a year earlier. Net income attributable to Vail Resorts declined to $314.4 million, with diluted EPS of $8.81 versus $10.46.
Resort Reported EBITDA fell to $586.4 million from $647.7 million, as skier visits dropped 15.5%. This was partly offset by a $25.1 million increase in North American pass revenue and tight cost control, including lower labor and variable expenses. For the nine months, net income attributable to Vail Resorts was $337.7 million versus $460.9 million.
The company ended the quarter with $371.4 million of cash and cash equivalents and $5.69 billion of total assets. It repaid $525.0 million of 0.0% Convertible Notes using a new $1.275 billion term loan and cash, and generated $582.7 million of operating cash flow year-to-date. Quarterly dividends were $2.22 per share, and pass sales for the 2026/2027 season were down in units but only modestly lower in dollars.
Vail Resorts reported weaker third-quarter fiscal 2026 results and cut its full-year outlook after a historically poor snow season in the western U.S. Q3 net income attributable to Vail Resorts was $314.4 million, down from $389.7 million, as Resort net revenue fell 7% to $1.21 billion.
Resort Reported EBITDA declined to $586.4 million from $647.7 million, with total skier visits down 15.5% while ticket pricing (ETP) rose 12%. Lodging performance was soft, with Lodging Reported EBITDA nearly halved. Management cited unfavorable weather and lower destination visitation, partly offset by cost controls.
The company reduced fiscal 2026 guidance and now expects net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million. North American pass units for 2026/2027 are down about 10%, but Epic Australia Pass sales rose more than 25%. Net debt is $2.65 billion, or 3.5x trailing Total Reported EBITDA. The board declared a $2.22 per share quarterly dividend and reaffirmed a 2026 capital plan of roughly $234 million to $239 million.
Vail Resorts CEO Robert A. Katz reported routine equity compensation activity. He exercised 2,048 Restricted Share Units (RSUs) into common stock, then had 589 shares withheld to cover tax obligations at $134.40 per share. After these non-market transactions, he directly holds 286,771 shares of Vail Resorts common stock.
Vail Resorts Inc. Schedule 13G/A reports that Oasis Management Co. Ltd. and Seth Fischer beneficially hold 2,808,396 shares of Common Stock, representing 7.9% of the class based on 35,633,051 shares outstanding as of March 4, 2026. The disclosure states the total includes 800,000 shares issuable upon exercise of call options. The filing attributes shared voting and dispositive power to the Reporting Persons and clarifies the statement is not an admission of beneficial ownership under Section 13.
Vail Resorts, Inc. Schedule 13G/A discloses that Baron Capital Group and affiliated entities report beneficial ownership of 5,043,533 shares of common stock, representing 14.15% of the class. The filing attributes shared voting power of 4,972,490 shares and shared dispositive power of 5,043,533, and states the holdings are held by BAMCO, Baron Capital Management, Baron Growth Fund and Baron Partners Fund.
The filing clarifies organizational relationships: BAMCO and BCM are subsidiaries of Baron Capital Group, BGF and BPF are advisory clients of BAMCO, and Ronald Baron controls BCG. The schedule states advisory clients have rights to dividends or sale proceeds in their accounts but that no third party is known to hold over 5% on that basis.
Vail Resorts, Inc. filing an amendment to a Schedule 13G/A reporting that Capital International Investors is the beneficial owner of 4,066,810 shares, representing 11.4% of the 35,633,051 shares believed outstanding.
The amendment states CII holds 4,017,889 shares with sole voting power and 4,066,810 shares with sole dispositive power. The filing is signed by a CII representative on 05/13/2026.
Vail Resorts executive Julie A. DeCecco had restricted share units vest and be settled in common stock. On May 1, 2026, 73 RSUs converted into 73 shares of common stock. Of these, 21 shares were withheld to cover tax obligations, leaving her with 1,776 common shares held directly and 73 RSUs outstanding.
Vanguard Capital Management files a Schedule 13G reporting beneficial ownership of Vail Resorts Inc common stock. The filing shows 1,879,275 shares held, representing 5.27% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 1,879,275 shares and sole voting power over 273,904 shares. The signature block is dated 04/30/2026 and is signed by Ashley Grim, Head of Global Fund Administration.
Vail Resorts, Inc. reported challenging ski season trends for its North American destination resorts and regional ski areas for the season-to-date period through April 19, 2026, compared with the prior year period through April 20, 2025.
Season-to-date total skier visits were down 14.9%, while total lift revenue, including allocated season pass revenue, declined 5.6%. Ski school revenue fell 12.0%, dining revenue declined 11.7%, and retail/rental revenue at North American resort and ski area locations decreased 6.6%.
Management cited record low snowfall and unusually warm temperatures across the western U.S., with Rockies visitation down 25%, and now expects Resort Reported EBITDA for fiscal 2026 to be at or around the low end of the guidance range issued on March 9, 2026. Spring pass sales for the 2026/2027 season are showing a moderate decline in units and a slight decline in sales dollars through April 12, 2026.
Vail Resorts Inc: An amendment to a Schedule 13G/A states that The Vanguard Group reports zero beneficial ownership of Vail Resorts common stock following an internal realignment effective January 12, 2026. The filing explains certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538.
The filing lists the issuer address and Vanguard's principal business office and is signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026.