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Marriott Vacations Worldwide VAC Exchange & Third-Party Management — Revenue from contracts with customers

Other segment segments

Vacation Ownership
$1.26B+6.1%

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Other financials

Income statement

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Revenue$1.3B+5.9%
Net income$77.0M+11.6%
EPS (diluted)$2.12+19.8%

Balance sheet

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Cash & equivalents$513.0M+9.6%
Total debt$3.9B-2.5%
Total equity$2.1B-17.2%
Total assets$9.5B-4.1%

Cash flow

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Operating cash flow$80.0M+267%
CapEx$14.0M-30.0%
Free cash flow$66.0M+197%

Valuation

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Market cap$4.28B+71.9%
Enterprise value$7.65B+27.5%
P/S0.8×+0.3×

Profitability

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Net margin-6.5%-11.6pp
FCF margin1.4%-1.9pp

Returns & leverage

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Return on equity-14.7%-25.4pp
Debt / equity1.9×+0.3×

Where this comes from

Reported directly by Marriott Vacations Worldwide in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Marriott Vacations Worldwide’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 9:24 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001524358-26-000037
($ in millions)Vacation OwnershipExchange & Third-Party ManagementCorporate and OtherTotal
Management fee revenues56258
Exchange and other services revenues36391792
Management and exchange1664217225
Rental1658173
Cost reimbursements4074(11)400
Revenue from contracts with customers1,1685461,228
Financing9292
Total Revenues$1,260$54$6$1,320

Item 1. Financial Statements

FAQ

What is Marriott Vacations Worldwide's exchange & third-party management — revenue from contracts with customers?
Marriott Vacations Worldwide (VAC) reported exchange & third-party management — revenue from contracts with customers of $54M in Q2 2026.
How has Marriott Vacations Worldwide's exchange & third-party management — revenue from contracts with customers changed year-over-year?
Marriott Vacations Worldwide's exchange & third-party management — revenue from contracts with customers increased by 1.9% year-over-year, from $53M to $54M.
What is the long-term trend for Marriott Vacations Worldwide's exchange & third-party management — revenue from contracts with customers?
Over 4 years (2021 to 2025), Marriott Vacations Worldwide's exchange & third-party management — revenue from contracts with customers has grown at a -9.7% compound annual growth rate (CAGR), from $320M to $213M.
What does exchange & third-party management — revenue from contracts with customers mean?
Captures the total revenue generated from providing management, exchange, and related services to third-party property owners and vacation club members. This metric serves as a primary indicator of the segment's market demand and the effectiveness of its service-based business model. It reflects the core top-line performance of the management and exchange operations.

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