Marriott Vacations Worldwide VAC Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Exchange & Third-Party Management | $3M+200% | $1M-50.0% | $2M+100% | $1M0.0% | $1M-66.7% | |
| Vacation Ownership | $433M-9.0% | $476M+3.9% | $458M+12.0% | $409M+8.8% | $376M-16.8% | |
| Revenue from contracts with customers by Business | ||||||
| Exchange & Third-Party Management | $57M+16.3% | $49M-7.5% | $53M0.0% | $53M-8.6% | $58M+11.5% | |
| Vacation Ownership | $1.19B-6.2% | $1.27B+5.1% | $1.21B+1.9% | $1.19B+4.7% | $1.14B-10.8% | |
| Adjusted Earnings Before Income Taxes Depreciation And Amortization by Business | ||||||
| Exchange & Third-Party Management | $24M+26.3% | $19M-9.5% | $21M-8.7% | $23M-17.9% | $28M+27.3% | |
| Vacation Ownership | $188M-14.9% | $221M+13.3% | $195M-15.6% | $231M+4.5% | $221M-0.5% | |
| Financing by Business | ||||||
| Exchange & Third-Party Management | $0— | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $41M+116% | -$261M-787% | $38M+2.7% | $37M+2.8% | $36M+114% | |
| Cost reimbursements by Business | ||||||
| Exchange & Third-Party Management | $4M— | —— | —— | —— | $2M-11.1% | |
| Vacation Ownership | $435M— | —— | —— | —— | $378M-12.2% | |
| Revenue from contracts with customers by Product | ||||||
| Ancillary revenues | $66M+3.1% | $64M-8.6% | $70M-7.9% | $76M+15.2% | $66M+3.1% | |
| Exchange and other services revenues | $93M+1.1% | $92M+5.7% | $87M0.0% | $87M-5.4% | $92M-2.1% | |
| Management and exchange | $216M+1.9% | $212M-0.9% | $214M-2.3% | $219M+1.9% | $215M+2.4% | |
| Management Service | $57M+1.8% | $56M-1.8% | $57M+1.8% | $56M-1.8% | $57M+9.6% | |
| Rental | $176M+2.9% | $171M+14.0% | $150M-6.3% | $160M-5.3% | $169M-7.7% | |
| Sale of vacation ownership products | $343M-10.0% | $381M+6.4% | $358M-3.2% | $370M+4.2% | $355M-11.3% | |
| Interest Income by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $78M+8.3% | $72M-2.7% | $74M+1.4% | $73M-1.4% | $74M+1.4% | |
| Non-securitized | $12M-29.4% | $17M+21.4% | $14M+7.7% | $13M+8.3% | $12M0.0% | |
| Expenses by Product | ||||||
| Management and exchange | $120M0.0% | $120M+1.7% | $118M-2.5% | $121M+3.4% | $117M-5.6% | |
| Rental | $140M-4.1% | $146M+13.2% | $129M+3.2% | $125M+1.6% | $123M-18.0% | |
| Sale of vacation ownership products | $46M-6.1% | $49M-5.8% | $52M+26.8% | $41M-2.4% | $42M-23.6% | |
| Vacation ownership notes receivable by Product | ||||||
| Hyatt Vacation Ownership | $323M-1.5% | $328M+13.5% | $289M0.0% | $289M+1.4% | $285M-1.7% | |
| Interest income - securitized vacation ownership notes receivable | $2.38B+8.9% | $2.19B+0.5% | $2.18B-3.2% | $2.25B+0.4% | $2.24B+2.0% | |
| Marriott Vacation Ownership | $2.79B+0.5% | $2.77B+3.3% | $2.68B+1.5% | $2.64B+2.2% | $2.59B+0.6% | |
| Non-securitized | $725M-20.5% | $912M+4.2% | $875M+13.0% | $774M+5.4% | $734M-5.8% | |
| Range of stated interest rates by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | |
| Non-securitized | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | 21.9%0.0pp | |
| Vacation ownership notes receivable, net by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $2.16B+9.2% | $1.98B+0.7% | $1.96B-3.3% | $2.03B+0.3% | $2.02B+2.0% | |
| Non-securitized | $501M-25.2% | $670M+6.2% | $631M+20.7% | $523M+7.0% | $489M-7.2% | |
| Vacation ownership notes receivable, net of reserves by Product | ||||||
| Eligible for securitization | $93M-38.8% | $152M+4.8% | $145M+209% | $47M-20.3% | $59M-37.2% | |
| Interest income - securitized vacation ownership notes receivable | $2.07B+8.9% | $1.9B+0.2% | $1.9B-3.4% | $1.96B+0.2% | $1.96B+2.2% | |
| Non-securitized | $497M-25.3% | $665M+6.2% | $626M+19.9% | $522M+7.2% | $487M-6.9% | |
| Not eligible for securitization | $404M-21.2% | $513M+6.7% | $481M+1.3% | $475M+11.0% | $428M-0.2% | |
| Investment in notes receivable on non-accrual status by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $24M+20.0% | $20M+5.3% | $19M+11.8% | $17M-29.2% | $24M0.0% | |
| Non-securitized | $174M+5.5% | $165M+0.6% | $164M-10.4% | $183M+10.9% | $165M-3.5% | |
| Securitizations by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $56M-18.8% | $69M+306% | $17M-80.5% | $87M+149% | $35M0.0% | |
| Non-securitized | -$56M+18.8% | -$69M-306% | -$17M+80.5% | -$87M-149% | -$35M0.0% | |
| Time sharing transactions reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $308M+8.1% | $285M+2.9% | $277M-2.1% | $283M+2.5% | $276M+0.4% | |
| Non-securitized | $226M-6.6% | $242M-2.0% | $247M-0.8% | $249M+2.0% | $244M-3.2% | |
| Defaulted vacation ownership notes receivable repurchase activity by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | -$36M-9.1% | -$33M+13.2% | -$38M0.0% | -$38M+7.3% | -$41M-13.9% | |
| Non-securitized | $36M+9.1% | $33M-13.2% | $38M0.0% | $38M-7.3% | $41M+13.9% | |
| Increase in vacation ownership notes receivable reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $3M-76.9% | $13M-13.3% | $15M-6.3% | $16M+129% | $7M-30.0% | |
| Non-securitized | $50M+16.3% | $43M-2.3% | $44M+12.8% | $39M-7.1% | $42M-6.7% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Product | ||||||
| Hyatt Vacation Ownership | $10M+11.1% | $9M-10.0% | $10M+66.7% | $6M-45.5% | $11M+22.2% | |
| Marriott Vacation Ownership | $38M-13.6% | $44M-22.8% | $57M+54.1% | $37M-17.8% | $45M+28.6% | |
| Write-offs by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $0— | $0— | $0— | $0— | $0— | |
| Non-securitized | $46M-13.2% | $53M-20.9% | $67M+55.8% | $43M-23.2% | $56M+27.3% | |
| Number of vacation ownership units, acquisition pending by Geography | ||||||
| Bali, Indonesia | 320.0% | 320.0% | 320.0% | 320.0% | 320.0% | |
| Nashville, Tennessee | 1680.0% | 1680.0% | 1680.0% | 1680.0% | 1680.0% | |
| Puerto Vallarta, Mexico | 640.0% | 64— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Marriott Vacations Worldwide break its business down?
- Marriott Vacations Worldwide (VAC) reports segment reporting, other segment item, amount by business across 2 parts — Exchange & Third-Party Management and Vacation Ownership. Each is extracted from the segment footnotes and tracked over time.
- Where does Marriott Vacations Worldwide's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Marriott Vacations Worldwide's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.