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Marriott Vacations Worldwide VAC Management Service — Revenue from contracts with customers

Other product segments

Sale of vacation ownership products
$430M+16.2%
Rental
$173M+8.1%
Exchange and other services revenues
$92M+5.7%
Ancillary revenues
$75M-1.3%

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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
Sale of vacation ownership products$430$430
Ancillary revenues74175
Management fee revenues56258
Exchange and other services revenues36391792
Management and exchange1664217225
Rental1658173
Cost reimbursements4074(11)400
Revenue from contracts with customers1,1685461,228

Item 1. Financial Statements

FAQ

What is Marriott Vacations Worldwide's management service — revenue from contracts with customers?
Marriott Vacations Worldwide (VAC) reported management service — revenue from contracts with customers of $58M in Q2 2026.
How has Marriott Vacations Worldwide's management service — revenue from contracts with customers changed year-over-year?
Marriott Vacations Worldwide's management service — revenue from contracts with customers increased by 3.6% year-over-year, from $56M to $58M.
What is the long-term trend for Marriott Vacations Worldwide's management service — revenue from contracts with customers?
Over 4 years (2021 to 2025), Marriott Vacations Worldwide's management service — revenue from contracts with customers has grown at a 7.2% compound annual growth rate (CAGR), from $171M to $226M.
What does management service — revenue from contracts with customers mean?
This metric represents the total revenue generated from providing professional management and operational services to vacation ownership properties and resort associations. It reflects the fees earned for overseeing day-to-day resort operations, maintenance, and administrative functions on behalf of property owners. This revenue stream is a key indicator of the company's recurring service-based income and its ability to maintain long-term management contracts within its portfolio.

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