Presented below is basic and diluted EPS for the years ended July 31, 2026, 2025 and 2024 (in thousands, except per share amounts):


	Year Ended July 31,
	2026				2025				2024
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income per share:
Net income attributable to Vail Resorts	$	147,535	$	147,535	$	280,004	$	280,004	$	231,105	$	231,105
Weighted-average Vail Shares outstanding	35,733		35,733		37,155		37,155		37,868		37,868

Total Weighted-average shares outstanding	35,733		35,733		37,155		37,155		37,868		37,868
Effect of dilutive securities	—		59		—		49		—		89
Total shares	35,733		35,792		37,155		37,204		37,868		37,957
Net income per share attributable to Vail Resorts, Inc.	$	4.13	$	4.12	$	7.54	$	7.53	$	6.10	$	6.09