Filing Flows › Vail Resorts (MTN) › Operating margin
Vail Resorts (MTN) operating margin by quarter
Vail Resorts' operating margin was 41.0% in Q3 FY26 (third quarter fiscal 2026), +9.2 pts from Q2 FY26. Over the last 4 quarters it ranged from 31.8% (Q2 FY26) to 44.6% (Q3 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 41.0% | +9.2 pts | -3.6 pts |
| Q2 FY26 | 31.8% | -12.8 pts | -1.9 pts |
| Q3 FY25 | 44.6% | +10.9 pts | — |
| Q2 FY25 | 33.7% | — | — |
Q3 FY26 at a glance
Vail Resorts, Q3 FY26: revenue $1.2B (-7% year over year), operating margin 41.0%, net earnings $314M, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
Questions
What is Vail Resorts' operating margin?
Vail Resorts' operating margin was 41.0% in Q3 FY26 (third quarter fiscal 2026), +9.2 pts from Q2 FY26.
How has Vail Resorts' operating margin changed?
Over the last 4 quarters it ranged from 31.8% (Q2 FY26) to 44.6% (Q3 FY25).