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Marriott Vacations Worldwide VAC Vacation Ownership — Royalty fee

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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:RoyaltyExpense.

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
Management and exchange121121241238
Rental140125280248
Financing42378373
Royalty fee29285756
General and administrative6261126122
Depreciation and amortization32386676
Litigation charges(1)5112
Modernization10342644

Item 1. Financial Statements

FAQ

What is Marriott Vacations Worldwide's vacation ownership — royalty fee?
Marriott Vacations Worldwide (VAC) reported vacation ownership — royalty fee of $29M in Q2 2026.
How has Marriott Vacations Worldwide's vacation ownership — royalty fee changed year-over-year?
Marriott Vacations Worldwide's vacation ownership — royalty fee increased by 3.6% year-over-year, from $28M to $29M.
What is the long-term trend for Marriott Vacations Worldwide's vacation ownership — royalty fee?
Over 3 years (2022 to 2025), Marriott Vacations Worldwide's vacation ownership — royalty fee has grown at a -0.3% compound annual growth rate (CAGR), from -$114M to -$113M.
What does vacation ownership — royalty fee mean?
Fees paid to third-party brand licensors for the right to use established hospitality trademarks in the vacation ownership business. This represents a recurring operational cost necessary to maintain brand prestige and access global distribution networks. It is a critical component of the segment's cost structure.

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