Filing Flows › Marriott Vacations Worldwide (VAC) › Q3 2026
Marriott Vacations Worldwide (VAC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Marriott Vacations Worldwide (VAC) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +4% from the quarter before. Operating margin was 11.2%, net earnings $82.0M (6.0% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +4% | +8% |
| Operating profit | $153M | -5% | +364% |
| Net earnings | $82.0M | +6% | — |
| Operating cash flow | $128M | +60% | +106% |
| Free cash flow | $116M | +76% | +127% |
What changed
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.
Questions
What was Marriott Vacations Worldwide's revenue in the third quarter 2026?
Marriott Vacations Worldwide (VAC) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +4% from the quarter before.
Was Marriott Vacations Worldwide profitable in the third quarter 2026?
Operating profit was $153M (11.2% of revenue) and net earnings $82.0M.