Filing Flows › Marriott Vacations Worldwide (VAC) › Q2 2026 › vs Q1 2026
Marriott Vacations Worldwide (VAC) Q2 2026 vs Q1 2026 (quarter over quarter)
Marriott Vacations Worldwide's revenue rose $63.0M (+5%) from $1.3B in Q1 2026 to $1.3B in Q2 2026. The biggest changes: Sale of vacation ownership products +$87.0M (+25%); Cost reimbursements −$30.0M (-7%); Management and exchange +$9.0M (+4%). Operating margin 12.2% against 7.0% (+5.2 pts).
Marriott Vacations Worldwide, Q2 2026: revenue $1.3B (+6% year over year), operating margin 12.2%, net earnings $77.0M, operating cash flow $80.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.2% | 7.0% | +5.2 pts |
| Net margin | 5.8% | 1.8% | +4.1 pts |
| Free cash flow margin | 5.0% | -1.0% | +6.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Sale of vacation ownership products | $430M | $343M | $87.0M | +25% |
| Cost reimbursements | $400M | $430M | −$30.0M | -7% |
| Management and exchange | $225M | $216M | $9.0M | +4% |
| Rental | $173M | $176M | −$3.0M | -2% |
| Exchange and other services revenues | $92.0M | $93.0M | −$1.0M | -1% |
| Revenue | $1.3B | $1.3B | $63.0M | +5% |
| Operating profit | $161M | $88.0M | $73.0M | +83% |
| Costs & expenses | $1.2B | $1.2B | −$10.0M | -0.9% |
| Pre-tax earnings | $114M | $45.0M | $69.0M | +153% |
| Other expense, net | $47.0M | $43.0M | $4.0M | +9% |
| Sales & marketing | $281M | $242M | $39.0M | +16% |
| General & admin | $62.0M | $64.0M | −$2.0M | -3% |
| Other operating costs | $816M | $863M | −$47.0M | -5% |
| Net earnings | $77.0M | $22.0M | $55.0M | +250% |
| Income tax | $37.0M | $23.0M | $14.0M | +61% |
| Depreciation & amortization | $32.0M | $34.0M | −$2.0M | -6% |
| Share-based compensation | $12.0M | $10.0M | $2.0M | +20% |
| Working capital & other | $41.0M | $70.0M | −$29.0M | -41% |
| Operating cash flow | $80.0M | −$4.0M | $84.0M | — |
| Free cash flow (OCF − capex) | $66.0M | −$12.0M | $78.0M | — |
| Capital expenditures | $14.0M | $8.0M | $6.0M | +75% |
Questions
How much did Marriott Vacations Worldwide's revenue grow quarter over quarter in Q2 2026?
Marriott Vacations Worldwide's revenue rose $63.0M (+5%) from $1.3B in Q1 2026 to $1.3B in Q2 2026.
What drove Marriott Vacations Worldwide's revenue change in Q2 2026?
Sale of vacation ownership products +$87.0M (+25%); Cost reimbursements −$30.0M (-7%); Management and exchange +$9.0M (+4%).