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Marriott Vacations Worldwide (VAC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Marriott Vacations Worldwide (VAC) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $1.4B · 6¢ of every $1 of revenue kept as net profit · operating margin 11.2%

Marriott Vacations Worldwide made $1.4B in Q3 2026 (+8% Y/Y): Sale of vacation ownership products $459M, Cost reimbursements $446M, Management and exchange $212M. Operating margin 11.2%, net earnings $82.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$1.4B

Year over year+8%

Operating margin11.2%

Net earnings$82.0M

Operating cash flow$128M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.4B in Q3 2026, up 8% year over year and up 4% from the previous quarter. Sale of vacation ownership products was the largest line at 34% of revenue. Sale of vacation ownership products added $0.10B year over year (up 28%), 97% of the total change. Ancillary revenues declined 3%.

Operating profit was $0.15B, a 11.2% margin (up 8.6 points year over year). Of the extra revenue versus Q3 2025, 115% reached operating profit, above the 3% margin then. Total costs fell 1% while revenue rose 8%. The fastest-growing cost line was General & admin (+34%). Net earnings were $0.08B. The effective tax rate was 27.4%.

Operating cash flow was $0.13B (up 106% year over year), 156% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.01B left free cash flow of $0.12B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 4, 2026	$1.4B	+8%	11.2%	$82.0M	$128M
Q2 2026	10-Q	Aug 6, 2026	$1.3B	+6%	12.2%	$77.0M	$80.0M
Q1 2026	10-Q	May 5, 2026	$1.3B	+5%	7.0%	$22.0M	−$4.0M
Q4 2025	10-K	Mar 2, 2026	$1.3B	-0.3%	-34.1%	−$431M	$6.0M
Q3 2025	10-Q	Nov 6, 2025	$1.3B	-3%	2.6%	−$2.0M	$62.0M
Q2 2025	10-Q	Aug 6, 2025	$1.2B	+9%	9.0%	$69.0M	−$48.0M
Q1 2025	10-Q	May 8, 2025	$1.2B	+0.4%	10.8%	$57.0M	$8.0M

Charts

Latest (Q3 2026): Y/Y +8%, Q/Q +4%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $82.0M, Operating cash flow $128M.

-15.5% since FY2020: buybacks shrank the count.

Cash $406M, short-term investments —, long-term debt — at 2025-12-31.

Real Estate Agents & Managers (For Others); dot size is quarterly revenue; dashed lines are the industry's medians.