Filing Flows › Marriott Vacations Worldwide (VAC) › Q2 2026 › vs Q2 2025
Marriott Vacations Worldwide (VAC) Q2 2026 vs Q2 2025 (year over year)
Marriott Vacations Worldwide's revenue rose $74.0M (+6%) from $1.2B in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Sale of vacation ownership products +$60.0M (+16%); Rental +$13.0M (+8%); Cost reimbursements −$7.0M (-2%). Operating margin 12.2% against 9.0% (+3.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.2% | 9.0% | +3.2 pts |
| Net margin | 5.8% | 5.5% | +0.3 pts |
| Free cash flow margin | 5.0% | -5.5% | +10.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Sale of vacation ownership products | $430M | $370M | $60.0M | +16% |
| Cost reimbursements | $400M | $407M | −$7.0M | -2% |
| Management and exchange | $225M | $219M | $6.0M | +3% |
| Rental | $173M | $160M | $13.0M | +8% |
| Exchange and other services revenues | $92.0M | $87.0M | $5.0M | +6% |
| Revenue | $1.3B | $1.2B | $74.0M | +6% |
| Operating profit | $161M | $112M | $49.0M | +44% |
| Costs & expenses | $1.2B | $1.1B | $25.0M | +2% |
| Pre-tax earnings | $114M | $94.0M | $20.0M | +21% |
| Other expense, net | $47.0M | $18.0M | $29.0M | +161% |
| Sales & marketing | $281M | $237M | $44.0M | +19% |
| General & admin | $62.0M | $61.0M | $1.0M | +2% |
| Other operating costs | $816M | $836M | −$20.0M | -2% |
| Net earnings | $77.0M | $69.0M | $8.0M | +12% |
| Income tax | $37.0M | $25.0M | $12.0M | +48% |
| Depreciation & amortization | $32.0M | $38.0M | −$6.0M | -16% |
| Share-based compensation | $12.0M | $12.0M | $0 | 0% |
| Working capital & other | $41.0M | $167M | −$126M | -75% |
| Operating cash flow | $80.0M | −$48.0M | $128M | — |
| Free cash flow (OCF − capex) | $66.0M | −$68.0M | $134M | — |
| Capital expenditures | $14.0M | $20.0M | −$6.0M | -30% |
Questions
How much did Marriott Vacations Worldwide's revenue grow year over year in Q2 2026?
Marriott Vacations Worldwide's revenue rose $74.0M (+6%) from $1.2B in Q2 2025 to $1.3B in Q2 2026.
What drove Marriott Vacations Worldwide's revenue change in Q2 2026?
Sale of vacation ownership products +$60.0M (+16%); Rental +$13.0M (+8%); Cost reimbursements −$7.0M (-2%).