Vail Resorts has announced its third-quarter fiscal 2026 results, revealing a net income of $314.4 million, down from $389.7 million the previous year. The company also updated its fiscal 2026 guidance, now expecting net income between $128 million and $162 million, alongside a Resort Reported EBITDA of $735 million to $755 million. This adjustment follows challenging weather conditions that significantly affected visitation and revenue, particularly at destination resorts in the Rockies.

The third quarter saw a 7% decrease in resort net revenue, primarily due to unfavourable weather impacting both local and destination guests. Despite a 15% drop in visitation, total lift revenue only declined by 5%, thanks to a 3% increase in North American Pass Sales for the 2025–2026 season. CEO Rob Katz noted, "Weather conditions remained extremely unfavourable in the third quarter, adding to what had already been one of the most challenging winters in history across the western US."

Early season pass sales for the upcoming 2026–2027 North American ski season also showed a decline, with units sold down by approximately 10% and sales dollars decreasing by 5% compared to the previous year. However, Katz highlighted positive responses to new Young Adult pass products and Unlimited pass products, which are outperforming other categories.

Looking forward, Vail Resorts plans to enhance the guest experience through continued investments in lifts, snowmaking, and technology. The company aims to leverage its integrated network to drive future visitation growth and long-term value creation

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