Every 10-Q that MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VAC filings page.
Marriott Vacations Worldwide generated Q2 2026 revenue of $1,320 million, up from $1,246 million, driven mainly by higher vacation ownership product sales and rental revenue. Net income attributable to common stockholders rose to $77 million, with diluted EPS of $2.12, as lower modernization and litigation costs offset higher marketing, sales, and interest expenses and a higher tax rate.
For the first half of 2026, revenue increased to $2,577 million but net income attributable to common stockholders declined to $99 million and diluted EPS to $2.82, reflecting lower other income and a higher effective tax rate. Segment Adjusted EBITDA was $268 million for Q2 and $480 million year‑to‑date, modestly above the prior‑year quarter but below the prior‑year first half.
Cash, cash equivalents and restricted cash totaled $513 million at June 30, 2026, and total debt, net, was $3,100 million, down from $3,534 million at year‑end, including $2,353 million of non‑recourse securitized debt. Vacation ownership notes receivable, net, were $2,587 million with a weighted‑average borrower FICO score of 731, and the company completed a $470 million securitization and settled its 2026 convertible notes in cash while continuing dividends of $0.80 per share.
Marriott Vacations Worldwide reported first-quarter 2026 revenue of $1,257 million, up from $1,200 million a year earlier, driven by higher cost reimbursements and steady performance in management, rental, and financing activities. Vacation Ownership contributed $1,193 million and Exchange & Third-Party Management $57 million.
Despite revenue growth, profitability weakened. Net income attributable to common stockholders fell to $22 million from $56 million, and diluted earnings per share declined to $0.64 from $1.46. Total expenses rose to $1,169 million, reflecting higher marketing, rental, financing, and modernization costs, plus restructuring and litigation charges.
Operating cash flow was slightly negative at $(4) million, while total cash, cash equivalents and restricted cash decreased to $596 million. Debt, net, stood at $3,265 million and securitized debt at $2,304 million, including usage of a $500 million Warehouse Credit Facility. The company monetized a Cancun hotel for $50 million, recording a $2 million foreign currency translation gain, and continues to securitize vacation ownership notes and invest in modernization initiatives.
Marriott Vacations Worldwide (VAC) reported Q3 2025 results. Total revenues were $1.263 billion and the company posted a net loss of $2 million, or diluted EPS of $(0.07). Results reflected elevated one-time costs, including $53 million of modernization expense and a $31 million impairment, alongside $43 million of interest expense.
By line item, sale of vacation ownership products was $358 million, management and exchange $214 million, rental $150 million, and financing $90 million. Year to date, revenues reached $3.709 billion with net income attributable to common stockholders of $123 million (diluted EPS $3.27). The balance sheet showed cash and cash equivalents of $474 million, debt (net) of $3.533 billion, and securitized debt (net) of $2.107 billion. The company acquired 48 completed units at Marriott Vacation Club, Waikiki for $82 million in Q3 and 52 units in Khao Lak, Thailand for $50 million in Q2. Cash from operations was $22 million for the first nine months, and the quarterly dividend was $0.79 per share. Shares outstanding were 34,613,991 as of October 31, 2025.