Marriott Vacations Worldwide (VAC) Financial Statements & Analysis

Marriott Vacations Worldwide (VAC) Income Statement

Marriott Vacations Worldwide reported revenue of $3.33B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 32.9% from $4.97B a year earlier. Marriott Vacations Worldwide posted a net loss of $308.00M, compared with net income of $218.00M a year earlier. Gross margin was 145.4% and operating margin 45.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.32B, up 5.9% from the same quarter a year earlier.

Marriott Vacations Worldwide Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Marriott Vacations Worldwide Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	3.33	4.97	3.17	3.29	2.76	2.89	4.26	2.97	2.18
Cost of Revenue	1.40	3.11	1.24	1.23	1.22	2.19	2.59	1.87	1.42
Gross Profit	4.85	1.86	4.50	4.37	3.64	0.70	1.67	1.10	0.77
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	1.19	1.16	1.10	1.06	0.84	0.54	1.00	0.73	0.49
Operating Expenses	3.33	1.31	2.41	2.22	2.06	0.70	1.20	1.10	0.51
Operating Income	1.52	0.55	2.10	2.15	1.58	0.00	0.56	0.31	0.26
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.17	0.16	-0.15	-0.12	-0.16	0.15	0.13	0.05	0.01
Other Income/Expense	-0.12	-0.24	-0.14	-0.20	-0.32	-0.34	-0.34	-0.21	-0.02
Income
Income Before Tax	-0.30	0.31	0.40	0.58	0.13	-0.34	0.23	0.10	0.24
Income Tax Expense	0.01	0.09	0.15	0.19	0.07	-0.08	0.08	0.05	0.01
Net Income	-0.31	0.22	0.25	0.39	0.05	-0.28	0.14	0.06	0.24
Net Income - Continuous Operations	-0.31	0.22	0.25	0.39	0.05	-0.28	0.14	0.06	0.24
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	0.60	0.61	0.72	0.93	0.61	-0.07	0.50	0.38	0.27
EBIT	0.45	0.53	0.59	0.80	0.46	0.03	-	-	-
Depreciation & Amortization	0.15	0.15	0.14	0.13	0.15	0.12	0.14	0.06	0.02
Earnings Per Share
Basic EPS	-9.00	6.00	7.00	10.00	1.00	-7.00	3.00	2.00	9.00
Diluted EPS	-9.00	6.00	6.00	9.00	1.00	-7.00	3.00	2.00	8.00
Basic Shares Outstanding	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03
Diluted Shares Outstanding	0.03	0.04	0.04	0.05	0.04	0.04	0.04	0.03	0.03

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Marriott Vacations Worldwide Financial Statements

What was Marriott Vacations Worldwide's revenue in fiscal 2025?

Marriott Vacations Worldwide reported revenue of $3.33B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 32.9% from $4.97B a year earlier.

Is Marriott Vacations Worldwide profitable?

No. Marriott Vacations Worldwide reported a net loss of $308.00M in fiscal 2025. In fiscal 2024 it earned $218.00M.

What is Marriott Vacations Worldwide's operating margin?

Marriott Vacations Worldwide's operating income was $1.52B on revenue of $3.33B in fiscal 2025, an operating margin of 45.6%, compared with 11.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition