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Marriott Vacations Worldwide (VAC) guidance and outlook
Marriott Vacations Worldwide (VAC) raised some and lowered other parts of its guidance on Nov 4, 2026: EBITDA $2.1B for FY2026; EPS $8.65–$9.15 for FY2026; Interest expense $174M–$176M for FY2026; Depreciation & amortization $133M–$135M for FY2026. Marriott Vacations Worldwide's 10-Q filed Nov 4, 2026 makes 29 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2026 | $2.1B | raised |
| EPS | FY2026 | $8.65–$9.15 | raised |
| Interest expense | FY2026 | $174M–$176M | lowered |
| Depreciation & amortization | FY2026 | $133M–$135M | lowered |
| Net income | FY2026 | +29% to +30% | lowered |
| Revenue | FY2026 | $411M | reaffirmed |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- There may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows.
- • During the first three quarters of 2026, we enhanced key leadership talent and capabilities and made targeted investments in our workforce.
- We will regularly evaluate our talent needs and organizational structure to help maintain the capabilities we believe are necessary to support long-term growth and value creation.
- We plan to continue to focus on creating more personalized, engaging and experience-driven vacations for our owners to elevate the owner experience.
- • We expect the enhanced owner experience, new owner benefits and Inner Circle platforms to continue to increase owner engagement and retention which we anticipate will generate increased referrals of potential new customers to support contract sales growth and higher VPG.
- We expect the financial benefits of these actions to grow in the fourth quarter of 2026 and continue into 2027 as we continue to build an owner Tour pipeline that reflects these changes.
- We expect marketing and sales expenses to continue to decline as a percentage of Development revenue during the fourth quarter of 2026.
- • We intend to continue to advance this priority through focused expense control, operational efficiencies, and disciplined management of working capital and capital expenditures.
- • While we continue to evaluate opportunities to monetize non-core assets as part of our capital allocation framework, recent increases in contract sales volume and improved sales trends have increased our inventory requirements to support anticipated future sales.
- As a result, we expect to retain certain assets for operational use that we previously identified for potential disposition, reducing our near term estimated proceeds from non-core asset monetization but supporting future revenue generation and long-term value creation.
- • Following the decision to retain certain assets for operational use, we expect that we will generate approximately $200 million of gross cash proceeds from the disposition of non-core assets by the end of 2027.
- • We realized proceeds of $50 million in the first quarter of 2026 from the disposition of an entity that owned and operated a hotel in Cancun, Mexico and we expect to realize an additional $11 million of gross proceeds from dispositions during the fourth quarter of 2026.
Marriott Vacations Worldwide's latest quarter
Marriott Vacations Worldwide, Q3 2026: revenue $1.4B (+8% year over year), operating margin 11.2%, net earnings $82.0M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
Questions
Did Marriott Vacations Worldwide raise or lower its guidance?
Marriott Vacations Worldwide (VAC) raised some and lowered other parts of its guidance on Nov 4, 2026: EBITDA $2.1B for FY2026; EPS $8.65–$9.15 for FY2026; Interest expense $174M–$176M for FY2026; Depreciation & amortization $133M–$135M for FY2026.
What does Marriott Vacations Worldwide expect?
There may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows. • During the first three quarters of 2026, we enhanced key leadership talent and capabilities and made targeted investments in our workforce. We will regularly evaluate our talent needs and organizational structure to help maintain the capabilities we believe are necessary to support long-term growth and value creation.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.