Vail Resorts' Revenue Plummets 47%, Pass Sales Drop 12% In Latest Earnings Report

Vail Resorts reported quarterly earnings on Monday, September 28, 2026, and we now know just how hard last season’s warm weather and lack of snow hit the ski resort giant.
The company reported $147.5 million in net income for fiscal 2026 (which ended on July 31, 2026), down 47% from $280.0 million in net income the previous year.Pass sales have plummeted, too. Vail Resorts is reporting a 12% decrease in total pass sales through September 18, 2026.
“This past winter was one of the mos