Marriott Vacations Worldwide Corp (VAC) financials
Marriott Vacations Worldwide revenue and earnings by year
Marriott Vacations Worldwide's revenue was $5.03 billion in the fiscal year to December 31, 2025, up 1.3% from the year before. Net income was -$308 million, -6.1% of revenue. Since the fiscal year to December 30, 2016, revenue has grown 10.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.03 | 4.97 | 4.73 | 4.66 | 3.89 | 2.89 | 4.26 | 2.97 | 2.18 | 2.00 |
| Revenue growth | 1.3% | 5.1% | 1.5% | 19.7% | 34.8% | -32.2% | 43.5% | 36.0% | 9.1% | — |
| Gross profit | 2.00 | 1.97 | 1.94 | 2.10 | 1.56 | 0.79 | 1.81 | 1.18 | 0.83 | 0.72 |
| Gross margin | 39.8% | 39.6% | 40.9% | 45.1% | 40.1% | 27.4% | 42.4% | 39.7% | 37.9% | 35.8% |
| Operating income | -0.18 | 0.47 | 0.50 | 0.66 | 0.34 | -0.16 | 0.34 | 0.14 | 0.25 | 0.20 |
| Operating margin | -3.5% | 9.5% | 10.6% | 14.2% | 8.7% | -5.7% | 8.0% | 4.7% | 11.2% | 10.0% |
| Net income | -0.31 | 0.22 | 0.25 | 0.39 | 0.05 | -0.28 | 0.14 | 0.06 | 0.24 | 0.12 |
| Net margin | -6.1% | 4.4% | 5.4% | 8.4% | 1.3% | -9.5% | 3.2% | 1.9% | 10.8% | 6.1% |
| Diluted EPS | -$8.84 | $5.61 | $6.28 | $8.77 | $1.13 | -$6.63 | $3.11 | $1.54 | $8.52 | $4.29 |
| Free cash flow | -0.03 | 0.10 | 0.11 | 0.46 | 0.30 | 0.26 | 0.34 | 0.06 | 0.12 | 0.11 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VAC in Markets.
How Marriott Vacations Worldwide makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Time Share | $430M | 35.0% |
| Cost Reimbursements | $400M | 32.6% |
| Rental | $173M | 14.1% |
| Services & Other | $92.0M | 7.5% |
| Ancillary Revenues | $75.0M | 6.1% |
| Management Service | $58.0M | 4.7% |
See also: VAC valuation and P/E history · VAC returns
No forecast, no recommendation. This page describes Marriott Vacations Worldwide Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.