v3.26.1
Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2026
Apr. 30, 2025
Net revenue:        
Mountain and Lodging services and other $ 1,043,884 $ 1,115,031 $ 2,160,491 $ 2,259,172
Mountain and Lodging retail and dining 161,209 180,412 399,441 433,537
Resort net revenue 1,205,093 1,295,443 2,559,932 2,692,709
Real Estate Revenue 82 115 204 349
Total net revenue 1,205,175 1,295,558 2,560,136 2,693,058
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 459,875 483,161 1,214,221 1,245,010
Mountain and Lodging retail and dining cost of products sold 56,701 59,206 143,471 156,164
General and administrative 102,559 106,011 334,601 327,408
Resort operating expense 619,135 648,378 1,692,293 1,728,582
Real Estate operating expense 1,475 1,662 4,768 4,911
Total Segment Operating Expense 620,610 650,040 1,697,061 1,733,493
Other operating (expense) income:        
Depreciation and amortization (77,219) (76,067) (224,686) (221,963)
Gain on sale of real property 400 7,898 11,458 24,404
Change in estimated fair value of contingent consideration (Note 7) (13,500) (1,900) (14,439) (4,079)
(Loss) gain on disposal of fixed assets and other, net (118) 2,323 (6,053) 1,087
Income from operations 494,128 577,772 629,355 759,014
Mountain equity investment income, net 458 666 389 3,562
Investment income and other, net 2,620 3,154 9,168 8,668
Foreign currency (loss) gain on intercompany loans (34) 1,702 84 53
Interest expense, net (51,318) (41,905) (152,081) (127,372)
Income before provision for income taxes 445,854 541,389 486,915 643,925
Provision for income taxes (105,631) (130,073) (117,303) (157,645)
Net income 340,223 411,316 369,612 486,280
Net income attributable to noncontrolling interests (25,788) (21,576) (31,922) (25,419)
Net income attributable to Vail Resorts, Inc. $ 314,435 $ 389,740 $ 337,690 $ 460,861
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 8.82 $ 10.47 $ 9.44 $ 12.33
Diluted net income per share attributable to Vail Resorts, Inc. 8.81 10.46 9.43 12.32
Cash dividends declared per share $ 2.22 $ 2.22 $ 6.66 $ 6.66