Vail Resorts Q2 FY2026 Revenue Down 4.7% YoY to $1.08B, Resorts EBITDA Falls 8.3% to $421.3M.

Vail Resorts reported Q2 FY2026 revenue of $1.08B, missing consensus by 1.9%, due to the worst snowfall season in the Rockies in over 30 years. Skier visits fell 13% YoY, and Resort Reported EBITDA dropped 8.3% to $421.3M. CEO Rob Katz purchased nearly $5M in company stock and maintained the $2.22 quarterly dividend, signaling confidence in long-term cash generation. However, net debt leverage at 3.1x trailing EBITDA and a dividend payout ratio above 100% create structural pressure.