Filing Flows › Vail Resorts (MTN) › Guidance history
Vail Resorts (MTN) guidance history: what it guided and what it reported
Vail Resorts gave guidance in 12 earnings releases on file since Dec 7, 2023. Its releases raised guidance twice and lowered it 4 times.
Operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $14.0M (Sep 26, 2024) → lowered $8.0M (Sep 29, 2025) | — | — | — |
| FY25 | $15.0M (Sep 26, 2024) | — | — | — |
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $158M–$233M (Sep 28, 2026) | — | to be reported | — |
| FY26 | $201M–$276M (Sep 29, 2025) → reaffirmed $201M–$276M (Dec 10, 2025) → lowered $144M–$190M (Mar 9, 2026) → lowered $128M–$162M (Jun 8, 2026) | — | — | — |
| FY25 | $224M–$300M (Sep 26, 2024) → raised $240M–$316M (Dec 9, 2024) → raised $257M–$309M (Mar 10, 2025) → lowered $264M–$298M (Jun 5, 2025) | — | — | — |
| FY24 | $270M–$325M (Mar 11, 2024) → lowered $224M–$256M (Jun 6, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $426K (Sep 28, 2026) | — | to be reported | — |
| FY26 | $12.0M (Sep 26, 2024) → lowered $425K (Sep 29, 2025) → raised $215M–$220M (Mar 9, 2026) → reaffirmed $215M–$220M (Jun 8, 2026) | $232M (GAAP) | not judged | — |
| FY25 | $6.0M (Sep 26, 2024) | $235M (GAAP) | not judged | — |
| FY24 | $3.0M (Dec 7, 2023) → raised $189M–$194M (Mar 11, 2024) → lowered $3.0M (Jun 6, 2024) | — | — | — |
EBITDA margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 26.9% (Sep 28, 2026) | — | to be reported | — |
| FY26 | 28.8% (Sep 29, 2025) → lowered 26.4% (Mar 9, 2026) | — | — | — |
| FY25 | 28.6% (Sep 26, 2024) → raised 28.8% (Mar 10, 2025) → lowered 28.4% (Jun 5, 2025) | — | — | — |
| FY24 | 29.6% (Mar 11, 2024) → lowered 28.9% (Jun 6, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $311M (Sep 28, 2026) | — | to be reported | — |
| FY26 | $307M (Sep 29, 2025) → lowered $302M (Mar 9, 2026) → raised $303M (Jun 8, 2026) | — | — | — |
| FY25 | $295M (Sep 26, 2024) → reaffirmed $295M (Dec 9, 2024) → lowered $294M (Mar 10, 2025) → lowered $293M (Jun 5, 2025) | — | — | — |
| FY24 | $274M (Mar 11, 2024) → raised $277M (Jun 6, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $212M (Sep 28, 2026) | — | to be reported | — |
| FY26 | $210M (Sep 29, 2025) → lowered $207M (Mar 9, 2026) → reaffirmed $207M (Jun 8, 2026) | — | — | — |
| FY25 | $176M (Sep 26, 2024) → lowered $2.0M (Dec 9, 2024) → raised $172M (Mar 10, 2025) → lowered $171M (Jun 5, 2025) | — | — | — |
| FY24 | $164M (Mar 11, 2024) → reaffirmed $164M (Jun 6, 2024) | — | — | — |
The latest quarter
Vail Resorts, Q4 FY26: revenue $278M (+2% year over year), operating margin -75.1%, net loss $199M, operating cash flow −$103M. The chart follows the revenue to costs, profit and cash.
Questions
Does Vail Resorts beat its guidance?
Vail Resorts gave guidance in 12 earnings releases on file since Dec 7, 2023. Its releases raised guidance twice and lowered it 4 times.
How often does Vail Resorts raise guidance?
Its earnings releases raised guidance twice and lowered it 4 times since Dec 7, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.