Marriott Vacations Worldwide Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Marriott Vacations Worldwide Corp. reported revenue of $5.0B (+1.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue from contracts with customers | $4.7B | $4.6B | $4.4B | $4.4B |
| Financing | $360.0M | $342.0M | $322.0M | $293.0M |
| TOTAL REVENUES | $5.0B | $5.0B | $4.7B | $4.7B |
| Expenses | $1.2B | $1.2B | $1.1B | $1.1B |
| Marketing and sales | $943.0M | $919.0M | $823.0M | $807.0M |
| Financing | $150.0M | $146.0M | $113.0M | $75.0M |
| Royalty fee | $113.0M | $114.0M | $117.0M | $114.0M |
| General and administrative | $242.0M | $243.0M | $273.0M | $249.0M |
| Depreciation and amortization | $149.0M | $146.0M | $135.0M | $132.0M |
| Litigation charges | $17.0M | $17.0M | $13.0M | $11.0M |
| Modernization | $122.0M | — | — | — |
| Restructuring | $15.0M | $10.0M | $6.0M | $0 |
| Impairment | $577.0M | $30.0M | $32.0M | $2.0M |
| Cost reimbursements | $1.7B | $1.7B | $1.6B | $1.4B |
| TOTAL EXPENSES | $5.2B | $4.5B | $4.2B | $3.9B |
| Gains (losses) and other income (expense), net | $47.0M | ($1.0M) | $47.0M | $40.0M |
| Interest expense, net | ($169.0M) | ($162.0M) | ($145.0M) | ($118.0M) |
| Transaction and integration costs | $0 | ($18.0M) | ($37.0M) | ($125.0M) |
| Other | $0 | ($3.0M) | ($3.0M) | $1.0M |
| (LOSS) INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS | ($299.0M) | $306.0M | $398.0M | $582.0M |
| Provision for income taxes | ($8.0M) | ($89.0M) | ($146.0M) | ($191.0M) |
| NET (LOSS) INCOME | ($307.0M) | $217.0M | $252.0M | $391.0M |
| Net (income) loss attributable to noncontrolling interests | ($1.0M) | $1.0M | $2.0M | $0 |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | ($308.0M) | $218.0M | $254.0M | $391.0M |
| Basic (in usd per share) | -$8.84 | $6.16 | $6.96 | $9.69 |
| Diluted (in usd per share) | -$8.84 | $5.61 | $6.28 | $8.77 |
| CASH DIVIDENDS DECLARED PER SHARE (in usd per share) | $3.17 | $3.07 | $2.92 | $2.58 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue from contracts with customers | $1.2B | $1.2B | $1.2B | $1.2B |
| Financing | $92.0M | $92.0M | $90.0M | $90.0M |
| TOTAL REVENUES | $1.3B | $1.3B | $1.3B | $1.2B |
| Expenses | $304.0M | $306.0M | $299.0M | $287.0M |
| Marketing and sales | $281.0M | $242.0M | $234.0M | $237.0M |
| Financing | $42.0M | $41.0M | $38.0M | $37.0M |
| Royalty fee | $29.0M | $28.0M | $29.0M | $28.0M |
| General and administrative | $62.0M | $64.0M | $53.0M | $61.0M |
| Depreciation and amortization | $32.0M | $34.0M | $38.0M | $38.0M |
| Litigation charges | ($1.0M) | $2.0M | $4.0M | $5.0M |
| Modernization | $10.0M | $16.0M | $53.0M | — |
| Restructuring | $0 | $6.0M | $0 | $34.0M |
| Impairment | $0 | $0 | $31.0M | $0 |
| Cost reimbursements | $400.0M | $430.0M | $451.0M | $407.0M |
| TOTAL EXPENSES | $1.2B | $1.2B | $1.2B | $1.1B |
| (Losses) gains and other (expense) income, net | ($4.0M) | $2.0M | $11.0M | $24.0M |
| Interest expense, net | ($43.0M) | ($44.0M) | ($43.0M) | ($42.0M) |
| Other | $0 | ($1.0M) | $0 | $0 |
| INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS | $114.0M | $45.0M | $1.0M | $94.0M |
| Provision for income taxes | ($37.0M) | ($23.0M) | ($3.0M) | ($25.0M) |
| NET INCOME | $77.0M | $22.0M | ($2.0M) | $69.0M |
| Net income attributable to noncontrolling interests | $0 | $0 | $0 | $0 |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $77.0M | $22.0M | ($2.0M) | $69.0M |
| Basic (in usd per share) | $2.21 | $0.64 | -$0.07 | $1.98 |
| Diluted (in usd per share) | $2.12 | $0.64 | -$0.07 | $1.77 |
| CASH DIVIDENDS DECLARED PER SHARE (in usd per share) | $0.80 | $0.80 | $0.79 | $0.79 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $406.0M | $197.0M | $248.0M | $524.0M |
| Restricted cash (including $81 and $82 from VIEs, respectively) | $327.0M | — | — | $330.0M |
| Accounts and contracts receivable, net (including $15 and $16 from VIEs, respectively) | $428.0M | $387.0M | $385.0M | $292.0M |
| Vacation ownership notes receivable, net (including $1,900 and $1,917 from VIEs, respectively) | $2.6B | $2.4B | $2.3B | $2.2B |
| Inventory | $692.0M | $735.0M | $634.0M | $660.0M |
| Property and equipment, net | $950.0M | $1.2B | $1.3B | $1.1B |
| Goodwill | $3.0B | $3.1B | $3.1B | $3.1B |
| Intangibles, net | $711.0M | $790.0M | $854.0M | $911.0M |
| Other (including $168 and $131 from VIEs, respectively) | $720.0M | $641.0M | $513.0M | $468.0M |
| TOTAL ASSETS | $9.8B | $9.8B | $9.7B | $9.6B |
| Accounts payable | $358.0M | $343.0M | $362.0M | $356.0M |
| Advance deposits | $163.0M | $162.0M | $164.0M | $158.0M |
| Accrued liabilities (including $4 and $4 from VIEs, respectively) | $376.0M | $384.0M | $343.0M | $369.0M |
| Deferred revenue and other | $371.0M | — | — | — |
| Payroll and benefits liability | $218.0M | $220.0M | $205.0M | $251.0M |
| Deferred compensation liability | $225.0M | $195.0M | $168.0M | $139.0M |
| Securitized debt, net (including $2,173 and $2,163 from VIEs, respectively) | $2.1B | $2.1B | $2.1B | $1.9B |
| Debt, net | $3.5B | $3.1B | $3.0B | $3.1B |
| Other | $142.0M | $139.0M | $249.0M | $167.0M |
| Deferred taxes | $231.0M | $345.0M | $280.0M | $331.0M |
| TOTAL LIABILITIES | $7.8B | $7.4B | $7.3B | $7.1B |
| Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock — $0.01 par value; 100,000,000 shares authorized; 75,891,531 and 75,852,678 shares issued, respectively | 1.0M | 1.0M | 1.0M | 1.0M |
| Treasury stock — at cost; 41,767,498 and 40,974,753 shares, respectively | -2.4B | -2.4B | -2.3B | — |
| Additional paid-in capital | $4.0B | $4.0B | $4.0B | $3.9B |
| Accumulated other comprehensive income | ($11.0M) | ($8.0M) | $16.0M | $15.0M |
| Retained earnings | $434.0M | $852.0M | $742.0M | $593.0M |
| TOTAL MVW STOCKHOLDERS' EQUITY | $2.0B | $2.4B | $2.4B | $2.5B |
| Noncontrolling interests | $0 | ($1.0M) | $0 | $2.0M |
| TOTAL EQUITY | $2.0B | $2.4B | $2.4B | $2.5B |
| TOTAL LIABILITIES AND EQUITY | $9.8B | $9.8B | $9.7B | $9.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $211.0M | $268.0M | $474.0M | $205.0M |
| Restricted cash (including $87 and $81 from VIEs, respectively) | $302.0M | $328.0M | $259.0M | $263.0M |
| Accounts and contracts receivable, net (including $17 and $15 from VIEs, respectively) | $428.0M | $416.0M | $402.0M | $378.0M |
| Vacation ownership notes receivable, net (including $2,082 and $1,900 from VIEs, respectively) | $2.6B | $2.6B | $2.5B | $2.5B |
| Inventory | $673.0M | $680.0M | $727.0M | $744.0M |
| Property and equipment, net | $940.0M | $944.0M | $1.3B | $1.3B |
| Goodwill | $3.0B | $3.0B | $3.1B | $3.1B |
| Intangibles, net | $681.0M | $696.0M | $747.0M | $762.0M |
| Other (including $188 and $168 from VIEs, respectively) | $699.0M | $779.0M | $576.0M | $649.0M |
| TOTAL ASSETS | $9.5B | $9.6B | $10.1B | $9.9B |
| Accounts payable | $227.0M | $270.0M | $250.0M | $225.0M |
| Advance deposits | $166.0M | $172.0M | $166.0M | $164.0M |
| Accrued liabilities (including $4 and $4 from VIEs, respectively) | $372.0M | $383.0M | $374.0M | $363.0M |
| Deferred revenue and other | $416.0M | $466.0M | — | — |
| Payroll and benefits liability | $215.0M | $221.0M | $203.0M | $176.0M |
| Deferred compensation liability | $240.0M | $214.0M | $217.0M | $203.0M |
| Securitized debt, net (including $2,381 and $2,173 from VIEs, respectively) | $2.4B | $2.3B | $2.1B | $2.2B |
| Debt, net | $3.1B | $3.3B | $3.5B | $3.2B |
| Other | $119.0M | $120.0M | $133.0M | $132.0M |
| Deferred taxes | $214.0M | $229.0M | $357.0M | $358.0M |
| TOTAL LIABILITIES | $7.4B | $7.6B | $7.7B | $7.4B |
| Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock — $0.01 par value; 100,000,000 shares authorized; 75,919,908 and 75,891,531 shares issued, respectively | 1.0M | 1.0M | 1.0M | 1.0M |
| Treasury stock — at cost; 41,525,622 and 41,767,498 shares, respectively | -2.4B | -2.4B | -2.4B | -2.4B |
| Additional paid-in capital | $4.0B | $4.0B | $4.0B | $4.0B |
| Accumulated other comprehensive loss | ($10.0M) | ($12.0M) | ($14.0M) | ($14.0M) |
| Retained earnings | $478.0M | $429.0M | $893.0M | $922.0M |
| TOTAL MVW STOCKHOLDERS' EQUITY | $2.1B | $2.0B | $2.5B | $2.5B |
| Noncontrolling interests | $0 | $0 | $0 | $0 |
| TOTAL EQUITY | $2.1B | $2.0B | $2.5B | $2.5B |
| TOTAL LIABILITIES AND EQUITY | $9.5B | $9.6B | $10.1B | $9.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | ($307.0M) | $217.0M | $252.0M | $391.0M |
| Depreciation and amortization of intangibles | $149.0M | $146.0M | $135.0M | $132.0M |
| Amortization of debt discount and issuance costs | $24.0M | $26.0M | $23.0M | $25.0M |
| Vacation ownership notes receivable reserve | $222.0M | $279.0M | $230.0M | $150.0M |
| Share-based compensation | $38.0M | $33.0M | $31.0M | $39.0M |
| Impairment | $577.0M | $30.0M | $30.0M | — |
| Gains and other income, net | $0 | ($5.0M) | ($6.0M) | ($48.0M) |
| Foreign currency remeasurement (gain) loss | ($22.0M) | — | — | — |
| Deferred income taxes | ($103.0M) | $38.0M | ($64.0M) | $87.0M |
| Accounts and contracts receivable | ($40.0M) | ($16.0M) | ($105.0M) | ($45.0M) |
| Vacation ownership notes receivable originations | ($1.0B) | ($1.0B) | ($987.0M) | ($980.0M) |
| Vacation ownership notes receivable collections | $679.0M | $632.0M | $596.0M | $642.0M |
| Inventory | $27.0M | ($33.0M) | $87.0M | $104.0M |
| Other assets | ($56.0M) | ($23.0M) | ($44.0M) | ($49.0M) |
| Accounts payable, advance deposits and accrued liabilities | ($5.0M) | $9.0M | $1.0M | $112.0M |
| Deferred revenue and other | $15.0M | ($27.0M) | $34.0M | ($9.0M) |
| Payroll and benefit liabilities | ($2.0M) | $16.0M | ($46.0M) | $53.0M |
| Deferred compensation liability | $7.0M | $11.0M | $15.0M | $13.0M |
| Other liabilities | ($3.0M) | ($109.0M) | $78.0M | ($38.0M) |
| Purchase and development of property for future transfer to inventory | ($140.0M) | ($10.0M) | — | — |
| Other, net | ($2.0M) | $6.0M | ($1.0M) | $3.0M |
| Net cash, cash equivalents, and restricted cash provided by operating activities | $28.0M | $205.0M | $232.0M | $522.0M |
| Capital expenditures for property and equipment (excluding inventory) | ($57.0M) | ($57.0M) | ($118.0M) | ($65.0M) |
| Purchase of company owned life insurance | ($16.0M) | ($16.0M) | ($10.0M) | ($18.0M) |
| Purchase and development of property for future sale | $0 | ($50.0M) | — | — |
| Dispositions, net | $3.0M | $8.0M | $16.0M | $3.0M |
| Net cash, cash equivalents, and restricted cash used in investing activities | ($70.0M) | ($115.0M) | ($112.0M) | $16.0M |
| Borrowings from securitization transactions | $1.4B | $1.3B | $1.5B | $1.0B |
| Repayment of debt related to securitization transactions | ($1.4B) | ($1.3B) | ($1.3B) | ($945.0M) |
| Proceeds from debt | $1.7B | $2.1B | $1.1B | $1.3B |
| Repayments of debt | ($1.3B) | ($2.1B) | ($1.2B) | ($935.0M) |
| Finance lease incentive | $0 | $0 | $10.0M | — |
| Finance lease payment | ($7.0M) | ($6.0M) | ($5.0M) | ($4.0M) |
| Payment of debt and securitized debt issuance costs | ($26.0M) | ($25.0M) | ($12.0M) | ($15.0M) |
| Repurchase of common stock | ($61.0M) | ($56.0M) | ($286.0M) | ($701.0M) |
| Payment of dividends | ($110.0M) | ($107.0M) | ($106.0M) | ($99.0M) |
| Payment of withholding taxes on vesting of restricted stock units | -7.0M | -8.0M | -12.0M | -23.0M |
| Net cash, cash equivalents, and restricted cash provided by (used in) financing activities | $241.0M | ($132.0M) | ($401.0M) | ($486.0M) |
| Effect of changes in exchange rates on cash, cash equivalents, and restricted cash | $6.0M | ($4.0M) | $1.0M | ($1.0M) |
| Change in cash, cash equivalents, and restricted cash | $205.0M | ($46.0M) | ($280.0M) | $51.0M |
| Cash, cash equivalents, and restricted cash, beginning of year | $528.0M | $574.0M | $854.0M | $803.0M |
| Cash, cash equivalents, and restricted cash, end of year | $733.0M | $528.0M | $574.0M | $854.0M |
| Non-cash transfer from inventory to property and equipment | $1.0M | $21.0M | $12.0M | $47.0M |
| Non-cash transfer from property and equipment to inventory | $19.0M | $93.0M | $57.0M | $13.0M |
| Non-cash transfer from property and equipment to other assets | $54.0M | $52.0M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $99.0M | $22.0M | $124.0M | $126.0M |
| Depreciation and amortization of intangibles | $66.0M | $34.0M | $114.0M | $76.0M |
| Amortization of debt discount and issuance costs | $11.0M | $5.0M | $18.0M | $12.0M |
| Vacation ownership notes and contracts receivable reserve | $122.0M | $50.0M | $165.0M | $108.0M |
| Share-based compensation | $22.0M | $10.0M | $28.0M | $19.0M |
| Impairment | $0 | $0 | — | — |
| Foreign currency remeasurement loss (gain) | $5.0M | $3.0M | ($20.0M) | ($17.0M) |
| Deferred income taxes | ($16.0M) | ($1.0M) | $15.0M | ($4.0M) |
| Accounts and contracts receivable | ($3.0M) | $15.0M | ($13.0M) | $8.0M |
| Vacation ownership notes receivable originations | ($512.0M) | ($241.0M) | ($766.0M) | ($488.0M) |
| Vacation ownership notes receivable collections | $371.0M | $185.0M | $519.0M | $341.0M |
| Inventory | $16.0M | $11.0M | $22.0M | ($1.0M) |
| Other assets | ($17.0M) | ($122.0M) | $27.0M | ($49.0M) |
| Accounts payable, advance deposits and accrued liabilities | ($102.0M) | ($47.0M) | ($72.0M) | ($108.0M) |
| Deferred revenue and other | $46.0M | $95.0M | ($12.0M) | $42.0M |
| Payroll and benefit liabilities | ($3.0M) | $4.0M | ($19.0M) | ($46.0M) |
| Deferred compensation liability | ($5.0M) | ($8.0M) | $3.0M | ($1.0M) |
| Other liabilities | ($20.0M) | ($15.0M) | ($6.0M) | ($7.0M) |
| Purchase and development of property for future transfer to inventory | $0 | $0 | ($134.0M) | ($49.0M) |
| Other, net | ($4.0M) | ($4.0M) | ($2.0M) | ($2.0M) |
| Net cash, cash equivalents and restricted cash provided by (used in) operating activities | $76.0M | ($4.0M) | $22.0M | ($40.0M) |
| Proceeds from disposition of entity | $50.0M | $50.0M | — | — |
| Capital expenditures for property and equipment (excluding inventory) | ($22.0M) | ($8.0M) | ($45.0M) | ($34.0M) |
| Purchase of company owned life insurance | $0 | $0 | ($14.0M) | ($10.0M) |
| Other dispositions, net | $0 | — | — | $1.0M |
| Net cash, cash equivalents and restricted cash provided by (used in) investing activities | $28.0M | $42.0M | ($57.0M) | ($43.0M) |
| Borrowings from securitization transactions | $982.0M | $354.0M | $927.0M | $814.0M |
| Repayment of debt related to securitization transactions | ($774.0M) | ($198.0M) | ($958.0M) | ($761.0M) |
| Proceeds from debt | $1.4B | $885.0M | $1.7B | $805.0M |
| Repayments of debt | ($1.8B) | ($1.2B) | ($1.3B) | ($699.0M) |
| Finance lease payment | ($3.0M) | ($2.0M) | ($5.0M) | ($3.0M) |
| Payment of debt and securitized debt issuance costs | ($6.0M) | $0 | ($20.0M) | ($12.0M) |
| Repurchase of common stock | $0 | $0 | ($36.0M) | ($36.0M) |
| Payment of dividends | ($82.0M) | ($55.0M) | ($110.0M) | ($83.0M) |
| Payment of withholding taxes on vesting of restricted stock units | -6.0M | -6.0M | -6.0M | -6.0M |
| Net cash, cash equivalents and restricted cash (used in) provided by financing activities | ($323.0M) | ($174.0M) | $236.0M | $19.0M |
| Effect of changes in exchange rates on cash, cash equivalents and restricted cash | ($1.0M) | ($1.0M) | $4.0M | $4.0M |
| Change in cash, cash equivalents and restricted cash | ($220.0M) | ($137.0M) | $205.0M | ($60.0M) |
| Cash, cash equivalents and restricted cash, beginning of period | $733.0M | $733.0M | $528.0M | $528.0M |
| Cash, cash equivalents and restricted cash, end of period | $513.0M | $596.0M | $733.0M | $468.0M |
| Non-cash issuance of treasury stock for employee stock purchase plan | $3.0M | $1.0M | $5.0M | $4.0M |
| Non-cash transfer from inventory to property and equipment | $1.0M | — | $8.0M | $1.0M |
| Non-cash transfer from property and equipment to inventory | $0 | — | $10.0M | $1.0M |
| Non-cash transfer from other assets to property and equipment | $0 | — | $59.0M | $59.0M |
| Interest paid, net of amounts capitalized | $140.0M | $53.0M | $176.0M | $121.0M |
Marriott Vacations Worldwide Corp. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.