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-66.7% | $2M— | $1M-50.0% | $1M-50.0% | |
| Vacation Ownership | $433M+15.2% | $476M+5.3% | $458M-4.4% | $409M+6.8% | $376M-5.5% | |
| Revenue from contracts with customers by Business | ||||||
| Exchange & Third-Party Management | $57M-1.7% | $49M-5.8% | $53M-5.4% | $53M-8.6% | $58M-10.8% | |
| Vacation Ownership | $1.19B+5.1% | $1.27B0.0% | $1.21B-3.2% | $1.19B+10.2% | $1.14B+0.4% | |
| Adjusted Earnings Before Income Taxes Depreciation And Amortization by Business | ||||||
| Exchange & Third-Party Management | $24M-14.3% | $19M-13.6% | $21M-8.7% | $23M-8.0% | $28M-12.5% | |
| Vacation Ownership | $188M-14.9% | $221M-0.5% | $195M-15.9% | $231M+27.6% | $221M+3.8% | |
| Financing by Business | ||||||
| Exchange & Third-Party Management | $0— | $0— | $0— | $0— | $0— | |
| Vacation Ownership | $41M+13.9% | -$261M-3.6% | $38M+2.7% | $37M+5.7% | $36M+206% | |
| Cost reimbursements by Business | ||||||
| Exchange & Third-Party Management | $4M+100% | —— | —— | —— | $2M-11.1% | |
| Vacation Ownership | $435M+15.1% | —— | —— | —— | $378M-12.2% | |
| Revenue from contracts with customers by Product | ||||||
| Ancillary revenues | $66M0.0% | $64M0.0% | $70M+4.5% | $76M+4.1% | $66M0.0% | |
| Exchange and other services revenues | $93M+1.1% | $92M-2.1% | $87M+1.2% | $87M-3.3% | $92M+3.4% | |
| Management and exchange | $216M+0.5% | $212M+1.0% | $214M+3.4% | $219M+1.9% | $215M+1.9% | |
| Management Service | $57M0.0% | $56M+7.7% | $57M+5.6% | $56M+7.7% | $57M+1.8% | |
| Rental | $176M+4.1% | $171M-6.6% | $150M-0.7% | $160M+4.6% | $169M+7.0% | |
| Sale of vacation ownership products | $343M-3.4% | $381M-4.8% | $358M-7.5% | $370M+19.7% | $355M+0.9% | |
| Interest Income by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $78M+5.4% | $72M-1.4% | $74M+2.8% | $73M+1.4% | $74M+4.2% | |
| Non-securitized | $12M0.0% | $17M+41.7% | $14M+27.3% | $13M+30.0% | $12M+20.0% | |
| Expenses by Product | ||||||
| Management and exchange | $120M+2.6% | $120M-3.2% | $118M-4.1% | $121M+1.7% | $117M+0.9% | |
| Rental | $140M+13.8% | $146M-2.7% | $129M+14.2% | $125M+12.6% | $123M+15.0% | |
| Sale of vacation ownership products | $46M+9.5% | $49M-10.9% | $52M-3.7% | $41M+7.9% | $42M-20.8% | |
| Vacation ownership notes receivable by Product | ||||||
| Hyatt Vacation Ownership | $323M+13.3% | $328M+13.1% | $289M+2.8% | $289M+6.3% | $285M+7.1% | |
| Interest income - securitized vacation ownership notes receivable | $2.38B+6.4% | $2.19B-0.4% | $2.18B-0.3% | $2.25B+3.7% | $2.24B+3.1% | |
| Marriott Vacation Ownership | $2.79B+7.7% | $2.77B+7.9% | $2.68B+7.2% | $2.64B+8.8% | $2.59B+9.0% | |
| Non-securitized | $725M-1.2% | $912M+17.1% | $875M+19.9% | $774M+14.2% | $734M+16.7% | |
| 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+6.7% | $1.98B-0.3% | $1.96B-0.3% | $2.03B+3.8% | $2.02B+1.3% | |
| Non-securitized | $501M+2.5% | $670M+27.1% | $631M+30.1% | $523M+28.8% | $489M+15.3% | |
| Vacation ownership notes receivable, net of reserves by Product | ||||||
| Eligible for securitization | $93M+57.6% | $152M+61.7% | $145M+146% | $47M-21.7% | $59M+11.3% | |
| Interest income - securitized vacation ownership notes receivable | $2.07B+5.7% | $1.9B-0.9% | $1.9B-0.5% | $1.96B+3.0% | $1.96B+2.4% | |
| Non-securitized | $497M+2.1% | $665M+27.2% | $626M+29.9% | $522M+29.9% | $487M+15.4% | |
| Not eligible for securitization | $404M-5.6% | $513M+19.6% | $481M+13.7% | $475M+38.9% | $428M+16.0% | |
| Investment in notes receivable on non-accrual status by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $24M0.0% | $20M-16.7% | $19M-5.0% | $17M-22.7% | $24M-11.1% | |
| Non-securitized | $174M+5.5% | $165M-3.5% | $164M+3.8% | $183M+7.0% | $165M+7.8% | |
| Securitizations by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $56M+60.0% | $69M+97.1% | $17M-76.4% | $87M+278% | $35M-44.4% | |
| Non-securitized | -$56M-60.0% | -$69M-97.1% | -$17M+76.4% | -$87M-278% | -$35M+44.4% | |
| Time sharing transactions reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $308M+11.6% | $285M+3.6% | $277M+1.8% | $283M+10.1% | $276M+10.0% | |
| Non-securitized | $226M-7.4% | $242M-4.0% | $247M+1.2% | $249M-8.1% | $244M+21.4% | |
| Defaulted vacation ownership notes receivable repurchase activity by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | -$36M+12.2% | -$33M+8.3% | -$38M+9.5% | -$38M+5.0% | -$41M-24.2% | |
| Non-securitized | $36M-12.2% | $33M-8.3% | $38M-9.5% | $38M-5.0% | $41M+24.2% | |
| Increase in vacation ownership notes receivable reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $3M-57.1% | $13M+30.0% | $15M-40.0% | $16M-30.4% | $7M+240% | |
| Non-securitized | $50M+19.0% | $43M-4.4% | $44M+51.7% | $39M-59.8% | $42M-10.6% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Product | ||||||
| Hyatt Vacation Ownership | $10M-9.1% | $9M0.0% | $10M0.0% | $6M-25.0% | $11M+83.3% | |
| Marriott Vacation Ownership | $38M-15.6% | $44M+25.7% | $57M+1.8% | $37M+2.8% | $45M+15.4% | |
| Write-offs by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $0— | $0— | $0— | $0— | $0— | |
| Non-securitized | $46M-17.9% | $53M+20.5% | $67M+1.5% | $43M-2.3% | $56M+24.4% | |
| 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% | 168— | 168— | 168— | |
| Puerto Vallarta, Mexico | 64— | 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.