Marriott Vacations Worldwide VAC Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Exchange & Third-Party Management | $7M+40.0% | $5M-28.6% | $7M+40.0% | $5M-16.7% | $6M-14.3% | |
| Vacation Ownership | $1.78B+3.3% | $1.72B+1.4% | $1.7B-1.2% | $1.72B+1.5% | $1.69B-1.3% | |
| Revenue from contracts with customers by Business | ||||||
| Exchange & Third-Party Management | $212M-0.5% | $213M-1.4% | $216M-1.4% | $219M-2.2% | $224M-3.0% | |
| Vacation Ownership | $4.86B+1.2% | $4.81B0.0% | $4.81B-0.8% | $4.85B+2.3% | $4.74B+0.1% | |
| Adjusted Earnings Before Income Taxes Depreciation And Amortization by Business | ||||||
| Exchange & Third-Party Management | $87M-4.4% | $91M-3.2% | $94M-2.1% | $96M-2.0% | $98M-3.9% | |
| Vacation Ownership | $835M-3.8% | $868M-0.1% | $869M-4.1% | $906M+5.8% | $856M+0.9% | |
| Financing by Business | ||||||
| Exchange & Third-Party Management | $0— | $0— | $0— | $0— | $0— | |
| Vacation Ownership | -$145M+3.3% | -$150M-6.4% | -$141M+0.7% | -$142M+1.4% | -$144M+32.7% | |
| Revenue from contracts with customers by Product | ||||||
| Ancillary revenues | $276M0.0% | $276M0.0% | $276M+1.1% | $273M+1.1% | $270M0.0% | |
| Exchange and other services revenues | $359M+0.3% | $358M-0.6% | $360M+0.3% | $359M-0.8% | $362M+0.8% | |
| Management and exchange | $861M+0.1% | $860M+0.2% | $858M+0.8% | $851M+0.5% | $847M+0.5% | |
| Management Service | $226M0.0% | $226M+1.8% | $222M+1.4% | $219M+1.9% | $215M+0.5% | |
| Rental | $657M+1.1% | $650M-1.8% | $662M-0.2% | $663M+1.1% | $656M+1.7% | |
| Sale of vacation ownership products | $1.45B-0.8% | $1.46B-1.3% | $1.48B-1.9% | $1.51B+4.2% | $1.45B+0.2% | |
| Interest Income by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $297M+1.4% | $293M-0.3% | $294M+0.7% | $292M+0.3% | $291M+1.0% | |
| Non-securitized | $56M0.0% | $56M+9.8% | $51M+6.3% | $48M+6.7% | $45M+4.7% | |
| Expenses by Product | ||||||
| Management and exchange | $479M+0.6% | $476M-0.8% | $480M-1.0% | $485M+0.4% | $483M+0.2% | |
| Rental | $540M+3.3% | $523M-0.8% | $527M+3.1% | $511M+2.8% | $497M+3.3% | |
| Sale of vacation ownership products | $188M+2.2% | $184M-3.2% | $190M-1.0% | $192M+1.6% | $189M-5.5% | |
| Vacation ownership notes receivable by Product | ||||||
| Hyatt Vacation Ownership | $1.23B+3.2% | $1.19B+3.3% | $1.15B+0.7% | $1.15B+1.5% | $1.13B+1.7% | |
| Interest income - securitized vacation ownership notes receivable | $9B+1.6% | $8.86B-0.1% | $8.86B-0.1% | $8.87B+0.9% | $8.79B+0.8% | |
| Marriott Vacation Ownership | $10.88B+1.9% | $10.68B+1.9% | $10.48B+1.8% | $10.3B+2.1% | $10.09B+2.2% | |
| Non-securitized | $3.29B-0.3% | $3.3B+4.2% | $3.16B+4.8% | $3.02B+3.3% | $2.92B+3.7% | |
| Range of stated interest rates by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | |
| Non-securitized | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | 87.6%0.0pp | |
| Vacation ownership notes receivable, net by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $8.12B+1.7% | $7.99B-0.1% | $7.99B-0.1% | $8B+0.9% | $7.92B+0.3% | |
| Non-securitized | $2.33B+0.5% | $2.31B+6.6% | $2.17B+7.2% | $2.02B+6.1% | $1.91B+3.5% | |
| Vacation ownership notes receivable, net of reserves by Product | ||||||
| Eligible for securitization | $437M+8.4% | $403M+16.8% | $345M+33.2% | $259M-4.8% | $272M+2.3% | |
| Interest income - securitized vacation ownership notes receivable | $7.83B+1.4% | $7.72B-0.2% | $7.74B-0.1% | $7.74B+0.7% | $7.69B+0.6% | |
| Non-securitized | $2.31B+0.4% | $2.3B+6.6% | $2.16B+7.1% | $2.01B+6.3% | $1.89B+3.6% | |
| Not eligible for securitization | $1.87B-1.3% | $1.9B+4.6% | $1.81B+3.3% | $1.76B+8.2% | $1.62B+3.8% | |
| Investment in notes receivable on non-accrual status by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $80M0.0% | $80M-4.8% | $84M-1.2% | $85M-5.6% | $90M-3.2% | |
| Non-securitized | $686M+1.3% | $677M-0.9% | $683M+0.9% | $677M+1.8% | $665M+1.8% | |
| Securitizations by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $229M+10.1% | $208M+19.5% | $174M-24.0% | $229M+38.8% | $165M-14.5% | |
| Non-securitized | -$229M-10.1% | -$208M-19.5% | -$174M+24.0% | -$229M-38.8% | -$165M+14.5% | |
| Time sharing transactions reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $1.15B+2.9% | $1.12B+0.9% | $1.11B+0.5% | $1.11B+2.4% | $1.08B+2.4% | |
| Non-securitized | $964M-1.8% | $982M-1.0% | $992M+0.3% | $989M-2.2% | $1.01B+4.4% | |
| Defaulted vacation ownership notes receivable repurchase activity by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | -$145M+3.3% | -$150M+2.0% | -$153M+2.5% | -$157M+1.3% | -$159M-5.3% | |
| Non-securitized | $145M-3.3% | $150M-2.0% | $153M-2.5% | $157M-1.3% | $159M+5.3% | |
| Increase in vacation ownership notes receivable reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $47M-7.8% | $51M+6.3% | $48M-17.2% | $58M-10.8% | $65M+22.6% | |
| Non-securitized | $176M+4.8% | $168M-1.2% | $170M+9.7% | $155M-27.2% | $213M-2.3% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Product | ||||||
| Hyatt Vacation Ownership | $35M-2.8% | $36M0.0% | $36M0.0% | $36M-5.3% | $38M+15.2% | |
| Marriott Vacation Ownership | $176M-3.8% | $183M+5.2% | $174M+0.6% | $173M+0.6% | $172M+3.6% | |
| Write-offs by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $0— | $0— | $0— | $0— | $0— | |
| Non-securitized | $209M-4.6% | $219M+4.3% | $210M+0.5% | $209M-0.5% | $210M+5.5% | |
| Number of vacation ownership units, acquisition pending by Geography | ||||||
| Bali, Indonesia | 1280.0% | 1280.0% | 1280.0% | 1280.0% | 1280.0% | |
| Nashville, Tennessee | 6720.0% | 6720.0% | 672— | —— | —— |
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.