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

Represents the intangible asset value recorded when the company acquires businesses or management contracts at a premium over their net identifiable assets. It reflects the expected future economic benefits from brand reputation, customer relationships, and market position within the segment. Changes in this value indicate potential shifts in the long-term strategic value of the segment's acquisitions.

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

Other segment segments

Vacation Ownership

$2.77B0.0%

Similar metrics at other companies

VOYAInvestment Management Segment — Goodwill

$286M0.0%

MSAsset Management — Goodwill

$6.09B+0.1%

JLLInvestment Management — Goodwill

$56.8M+0.7%

BKInvestment and Wealth Management — Goodwill

$7.88B+0.5%

JEFAsset Management — Goodwill

$188.63M-35.6%

KKRAsset Management and Strategic Holdings — Goodwill

$681.07M+28.5%

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

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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 us-gaap:Goodwill.

The official record: Marriott Vacations Worldwide’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott Vacations Worldwide's exchange & third-party management — goodwill?: Marriott Vacations Worldwide (VAC) reported exchange & third-party management — goodwill of $188M in Q4 2025.
What does exchange & third-party management — goodwill mean?: Represents the intangible asset value recorded when the company acquires businesses or management contracts at a premium over their net identifiable assets. It reflects the expected future economic benefits from brand reputation, customer relationships, and market position within the segment. Changes in this value indicate potential shifts in the long-term strategic value of the segment's acquisitions.