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+16.7% | $5M-28.6% | $7M-6.7% | $5M-54.5% | $6M-52.0% | |
| Vacation Ownership | $1.78B+5.1% | $1.72B+0.4% | $1.7B+2.5% | $1.72B+9.5% | $1.69B+7.2% | |
| Revenue from contracts with customers by Business | ||||||
| Exchange & Third-Party Management | $212M-5.4% | $213M-7.8% | $216M-10.4% | $219M-12.0% | $224M-12.5% | |
| Vacation Ownership | $4.86B+2.7% | $4.81B+1.6% | $4.81B+4.7% | $4.85B+8.5% | $4.74B+5.2% | |
| Adjusted Earnings Before Income Taxes Depreciation And Amortization by Business | ||||||
| Exchange & Third-Party Management | $87M-11.2% | $91M-10.8% | $94M-15.3% | $96M-18.6% | $98M-21.6% | |
| Vacation Ownership | $835M-2.5% | $868M+2.4% | $869M+0.8% | $906M+12.8% | $856M-1.3% | |
| Financing by Business | ||||||
| Exchange & Third-Party Management | $0— | $0— | $0— | $0— | $0— | |
| Vacation Ownership | -$145M-0.7% | -$150M+29.9% | -$141M+55.1% | -$142M+47.4% | -$144M+36.0% | |
| Revenue from contracts with customers by Product | ||||||
| Ancillary revenues | $276M+2.2% | $276M+2.2% | $276M+3.4% | $273M+3.8% | $270M+3.4% | |
| Exchange and other services revenues | $359M-0.8% | $358M-0.3% | $360M+1.4% | $359M-0.8% | $362M+1.1% | |
| Management and exchange | $861M+1.7% | $860M+2.0% | $858M+2.8% | $851M+2.2% | $847M+2.8% | |
| Management Service | $226M+5.1% | $226M+5.6% | $222M+4.2% | $219M+5.3% | $215M+4.9% | |
| Rental | $657M+0.2% | $650M+0.8% | $662M+10.7% | $663M+13.3% | $656M+13.5% | |
| Sale of vacation ownership products | $1.45B+0.1% | $1.46B+1.1% | $1.48B+4.2% | $1.51B+11.6% | $1.45B+1.0% | |
| Interest Income by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $297M+2.1% | $293M+1.7% | $294M+2.8% | $292M+2.8% | $291M+3.9% | |
| Non-securitized | $56M+24.4% | $56M+30.2% | $51M+24.4% | $48M+23.1% | $45M+21.6% | |
| Expenses by Product | ||||||
| Management and exchange | $479M-0.8% | $476M-1.2% | $480M+2.6% | $485M+5.4% | $483M+7.1% | |
| Rental | $540M+8.7% | $523M+8.7% | $527M+20.0% | $511M+14.8% | $497M+11.4% | |
| Sale of vacation ownership products | $188M-0.5% | $184M-8.0% | $190M-2.6% | $192M+0.5% | $189M-13.7% | |
| Vacation ownership notes receivable by Product | ||||||
| Hyatt Vacation Ownership | $1.23B+9.0% | $1.19B+7.4% | $1.15B+6.6% | $1.15B— | $1.13B— | |
| Interest income - securitized vacation ownership notes receivable | $9B+2.4% | $8.86B+1.5% | $8.86B+1.8% | $8.87B+2.4% | $8.79B+2.2% | |
| Marriott Vacation Ownership | $10.88B+7.9% | $10.68B+8.2% | $10.48B+8.4% | $10.3B— | $10.09B— | |
| Non-securitized | $3.29B+12.5% | $3.3B+17.0% | $3.16B+18.5% | $3.02B+17.5% | $2.92B+18.9% | |
| 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+2.5% | $7.99B+1.1% | $7.99B+1.0% | $8B+1.4% | $7.92B+0.8% | |
| Non-securitized | $2.33B+21.9% | $2.31B+25.6% | $2.17B+24.1% | $2.02B+21.1% | $1.91B+13.9% | |
| Vacation ownership notes receivable, net of reserves by Product | ||||||
| Eligible for securitization | $437M+60.7% | $403M+51.5% | $345M+54.0% | $259M+15.1% | $272M+25.3% | |
| Interest income - securitized vacation ownership notes receivable | $7.83B+1.8% | $7.72B+1.0% | $7.74B+1.3% | $7.74B+1.7% | $7.69B+1.5% | |
| Non-securitized | $2.31B+22.0% | $2.3B+25.8% | $2.16B+24.2% | $2.01B+21.3% | $1.89B+13.5% | |
| Not eligible for securitization | $1.87B+15.5% | $1.9B+21.4% | $1.81B+19.8% | $1.76B+22.2% | $1.62B+11.8% | |
| Investment in notes receivable on non-accrual status by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $80M-11.1% | $80M-14.0% | $84M-12.5% | $85M-15.8% | $90M-10.9% | |
| Non-securitized | $686M+3.2% | $677M+3.7% | $683M+9.6% | $677M+11.2% | $665M+16.3% | |
| Securitizations by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $229M+38.8% | $208M+7.8% | $174M-28.4% | $229M+15.7% | $165M-34.3% | |
| Non-securitized | -$229M-38.8% | -$208M-7.8% | -$174M+28.4% | -$229M-15.7% | -$165M+34.3% | |
| Time sharing transactions reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $1.15B+6.8% | $1.12B+6.3% | $1.11B+6.8% | $1.11B+9.6% | $1.08B+9.8% | |
| Non-securitized | $964M-4.6% | $982M+1.4% | $992M+8.9% | $989M+12.0% | $1.01B+32.7% | |
| Defaulted vacation ownership notes receivable repurchase activity by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | -$145M+8.8% | -$150M+0.7% | -$153M-6.3% | -$157M-20.8% | -$159M-38.3% | |
| Non-securitized | $145M-8.8% | $150M-0.7% | $153M+6.3% | $157M+20.8% | $159M+38.3% | |
| Increase in vacation ownership notes receivable reserve by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $47M-27.7% | $51M-3.8% | $48M-22.6% | $58M+23.4% | $65M+150% | |
| Non-securitized | $176M-17.4% | $168M-22.9% | $170M-14.6% | $155M-40.8% | $213M+3.4% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Product | ||||||
| Hyatt Vacation Ownership | $35M-7.9% | $36M+9.1% | $36M— | $36M— | $38M— | |
| Marriott Vacation Ownership | $176M+2.3% | $183M+10.2% | $174M— | $173M— | $172M— | |
| Write-offs by Product | ||||||
| Interest income - securitized vacation ownership notes receivable | $0— | $0— | $0— | $0— | $0— | |
| Non-securitized | $209M-0.5% | $219M+10.1% | $210M+4.0% | $209M+28.2% | $210M+39.1% | |
| Number of vacation ownership units, acquisition pending by Geography | ||||||
| Bali, Indonesia | 1280.0% | 1280.0% | 128— | 128— | 128— | |
| Nashville, Tennessee | 672— | 672— | 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.