What does exchange & third-party management — financing mean?

Represents the income or expenses associated with providing financing services to customers for the purchase of vacation ownership interests. This metric highlights the company's role as a lender and the associated credit risk or interest income generated from its portfolio. It is a key indicator of the segment's ability to facilitate sales through internal credit offerings.

Marriott Vacations Worldwide VAC Exchange & Third-Party Management — Financing

Other segment segments

Vacation Ownership

$41M+13.9%

Similar metrics at other companies

TNLFinancing Interest Expense

$33M-2.9%

HGVFinancing — Revenue

$138M+10.4%

TNLConsumer financing — Net revenues

$113M+0.9%

TNLExchange-related revenue — Managed property owner's association

0.30.0%

TNLTravel and Membership — Consumer financing interest

$0—

HGVReal Estate Sales and Financing Segment — Revenue

$754M+16.9%

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$3.35B+0.6%

Profitability

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Net margin-6.7%-11.3pp

FCF margin1.4%-1.9pp

Returns & leverage

See full

Return on equity-15.5%-24.9pp

Debt / equity2×+0.4×

Where this comes from

Reported directly by Marriott Vacations Worldwide in its filing.

Tagged under the XBRL concept vac:FinancingRevenueNotFromContractWithCustomer.

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 exchange & third-party management — financing?: Marriott Vacations Worldwide (VAC) reported exchange & third-party management — financing of $0 in Q1 2026.
What does exchange & third-party management — financing mean?: Represents the income or expenses associated with providing financing services to customers for the purchase of vacation ownership interests. This metric highlights the company's role as a lender and the associated credit risk or interest income generated from its portfolio. It is a key indicator of the segment's ability to facilitate sales through internal credit offerings.