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Net Income Per Common Share (Tables)
9 Months Ended
Apr. 30, 2025
Earnings Per Share Reconciliation [Abstract]  
Summary of Calculation of Basic And Diluted EPS
Presented below is basic and diluted EPS for the three months ended April 30, 2025 and 2024 (in thousands, except per share amounts):
 Three Months Ended April 30,
 20252024
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$392,752 $392,752 $361,995 $361,995 
Weighted-average shares outstanding37,241 37,241 37,839 37,839 
Effect of dilutive securities— 36 — 97 
Total shares37,241 37,277 37,839 37,936 
Net income per share attributable to Vail Resorts$10.55 $10.54 $9.57 $9.54 
The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. The number of shares issuable upon the exercise of share-based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 2,000 and 11,000 for the three months ended April 30, 2025 and 2024, respectively.
Presented below is basic and diluted EPS for the nine months ended April 30, 2025 and 2024 (in thousands, except per share amounts):
 Nine Months Ended April 30,
 20252024
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$465,464 $465,464 $405,782 $405,782 
Weighted-average shares outstanding37,365 37,365 37,974 37,974 
Effect of dilutive securities— 47 — 93 
Total shares37,365 37,412 37,974 38,067 
Net income per share attributable to Vail Resorts$12.46 $12.44 $10.69 $10.66 
The number of shares issuable upon the exercise of share-based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 21,000 and 16,000 for the nine months ended April 30, 2025 and 2024 respectively.