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Other product segments

Sale of vacation ownership products
$43M+4.9%

Similar metrics at other companies

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HGVRental expense — Expenses
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HGVRental and ancillary services — Expenses
$216M+4.9%
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HGVMarketing expense — Expenses
$239M+3.9%
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HGVSelling expense — Expenses
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HGVClub expense — Expenses
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HGVLicense fee expense — Expenses
$53M+8.2%

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:CostOfGoodsAndServicesSold.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Cost of vacation ownership products43418983
Marketing and sales281237523471
Management and exchange121121241238
Rental140125280248
Financing42378373
Royalty fee29285756
General and administrative6261126122
Depreciation and amortization32386676

Item 1. Financial Statements

FAQ

What is Marriott Vacations Worldwide's rental — expenses?
Marriott Vacations Worldwide (VAC) reported rental — expenses of $140M in Q2 2026.
How has Marriott Vacations Worldwide's rental — expenses changed year-over-year?
Marriott Vacations Worldwide's rental — expenses increased by 12.0% year-over-year, from $125M to $140M.
What is the long-term trend for Marriott Vacations Worldwide's rental — expenses?
Over 4 years (2021 to 2025), Marriott Vacations Worldwide's rental — expenses has grown at a 11.0% compound annual growth rate (CAGR), from $344M to $523M.
What does rental — expenses mean?
This metric captures the total operating costs directly attributable to the rental segment, including property management, maintenance, housekeeping, and guest services. It serves as a measure of the cost structure required to maintain and operate vacation properties for transient rental purposes. Monitoring these expenses is essential for evaluating the profitability and operational efficiency of the company's rental business model.

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