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Marriott Vacations Worldwide VAC Cost reimbursements — Revenue from contracts with customers

Other product segments

Sale of vacation ownership products
$343M-3.4%
Management and exchange
$216M+0.5%
Rental
$176M+4.1%
Exchange and other services revenues
$93M+1.1%
Ancillary revenues
$66M0.0%
Management Service
$57M0.0%

Similar metrics at other companies

Hilton Grand Vacations logo
HGVCost reimbursements — Revenue
$149M+12.0%
Hilton Grand Vacations logo
HGVCost reimbursements — Expenses
$149M+12.0%
Marriott International logo
MARCost reimbursement revenue — Total Revenue
$4.84B+4.1%
Hilton Worldwide logo
HLTReimbursement Revenue — Revenue
$1.76B+7.7%
Travel + Leisure logo
TNLReimbursement Revenue — Revenue from Contract with Customer, Excluding Assessed Tax
$107M-1.8%
Travel + Leisure logo
TNLReimbursable revenues — Net revenues
$107M-1.8%

Other financials

Income statement

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Revenue$1.3B+4.8%
Net income$22.0M-60.7%
EPS (diluted)$0.64-56.2%

Balance sheet

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Cash & equivalents$596.0M+22.4%
Total debt$4.0B+2.9%
Total equity$2.0B-18.2%
Total assets$9.6B-2.5%

Cash flow

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Operating cash flow-$4.0M-150%
CapEx$8.0M-42.9%
Free cash flow-$12.0M-100%

Valuation

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Market cap$3.36B+0.6%
Enterprise value$6.81B+0.3%
P/S0.7×0.0×

Profitability

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Net margin-6.7%-11.3pp
FCF margin1.4%-1.9pp

Returns & leverage

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Return on equity-15.5%-24.9pp
Debt / equity+0.4×

Where this comes from

Reported directly by Marriott Vacations Worldwide in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Marriott Vacations Worldwide’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott Vacations Worldwide's cost reimbursements — revenue from contracts with customers?
Marriott Vacations Worldwide (VAC) reported cost reimbursements — revenue from contracts with customers of $430M in Q1 2026.
What does cost reimbursements — revenue from contracts with customers mean?
This metric represents the revenue recognized from the reimbursement of costs incurred by the company while managing properties or providing services on behalf of third-party owners or associations. It reflects the pass-through nature of operational expenses where the company is contractually entitled to recover these costs from the managed entities. This figure is critical for understanding the scale of the company's management operations and its role as an agent in property administration.