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StubHub Holdings vs Vail Resorts: STUB and MTN compared
StubHub Holdings is the larger company: $573M of revenue in its latest quarter (Q2 2026) against $278M for Vail Resorts (Q4 FY26). StubHub Holdings is growing faster (+33% against +2% a year earlier). StubHub Holdings is more profitable, with an operating margin of 3.4% against -75.1%.
Where the money goes: STUB and MTN
StubHub Holdings (STUB) · Q2 2026
StubHub Holdings, Q2 2026: revenue $573M (+33% year over year), operating margin 3.4%, net earnings $14.6M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
Vail Resorts (MTN) · Q4 FY26
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.
| StubHub Holdings (STUB) | Vail Resorts (MTN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $573M | $278M |
| Revenue growth, Y/Y | +33% | +2% |
| Operating margin | 3.4% | -75.1% |
| Net earnings | $14.6M | −$199M |
| Net margin | 2.5% | -71.5% |
| Operating cash flow | $322M | −$103M |
| Free cash flow | $310M | — |
| Market value | $2.3B | $5.4B |
| P/E | — | 36.5× |
| Analysts’ mean target | $10.29 | $148.36 |
Where the revenue comes from
StubHub Holdings
- Transaction fees: $562M (98%)
- Other revenue: $10.9M (2%)
Questions
Which is bigger, StubHub Holdings or Vail Resorts?
StubHub Holdings is the larger company: $573M of revenue in its latest quarter (Q2 2026) against $278M for Vail Resorts (Q4 FY26).
Is StubHub Holdings or Vail Resorts growing faster?
StubHub Holdings is growing faster (+33% against +2% a year earlier).
Which is more profitable, StubHub Holdings or Vail Resorts?
StubHub Holdings is more profitable, with an operating margin of 3.4% against -75.1%.
More: StubHub Holdings earnings · how StubHub Holdings makes money · Vail Resorts earnings · how Vail Resorts makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-K filed Sep 28, 2026). Fiscal quarters can end on different dates. Not investment advice.