Marriott Vacations Worldwide (NYSE:VAC) Releases Earnings Results, Beats Estimates By $0.34 EPS

Posted by Francis Steltz on Aug 7th, 2026

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) posted its earnings results on Thursday. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.34, FiscalAI reports. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. Marriott Vacations Worldwide’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $1.96 earnings per share. Marriott Vacations Worldwide updated its FY 2026 guidance to 8.250-9.050 EPS.

Here are the key takeaways from Marriott Vacations Worldwide’s conference call:

Q2 contract sales rose 22% year over year to $545 million, while VPG increased 23% to $4,477 and adjusted EBITDA grew 6% to $215 million.
Management raised full-year adjusted EBITDA guidance by $50 million to $805 million–$830 million and increased adjusted free cash flow guidance to $410 million–$460 million, citing strong sales momentum and expected second-half margin improvement.
New commercial initiatives—including tour logistics, enhanced owner loyalty tiers, Premier Vacations, and Inner Circle events—are improving owner engagement, transaction sizes, and tour flow; management expects these programs to support growth into 2027 and beyond.
Net corporate debt ended the quarter at $3.1 billion, or approximately 4.0 times leverage. The company plans to prioritize debt reduction while retaining flexibility for dividends and opportunistic share repurchases, and expects to generate $200 million from non-core asset sales by the end of 2027.
The sales reserve increased to 13.4% of contract sales, reflecting higher financed purchase volume, while $15 million of development profit was deferred because strong late-quarter sales remained within the rescission period.

Marriott Vacations Worldwide Trading Up 23.1%

Marriott Vacations Worldwide stock traded up $23.47 during midday trading on Thursday, reaching $125.21. The stock had a trading volume of 1,819,457 shares, compared to its average volume of 387,857. The company has a quick ratio of 2.77, a current ratio of 3.30 and a debt-to-equity ratio of 2.80. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. Marriott Vacations Worldwide has a 52-week low of $44.58 and a 52-week high of $128.01. The company has a fifty day moving average of $96.91 and a 200 day moving average of $77.19.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, May 27th. Marriott Vacations Worldwide’s dividend payout ratio is presently -31.71%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $27,000. IFP Advisors Inc raised its position in Marriott Vacations Worldwide by 1,828.0% in the third quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 457 shares during the period. Captrust Financial Advisors lifted its stake in Marriott Vacations Worldwide by 17.4% during the fourth quarter. Captrust Financial Advisors now owns 3,834 shares of the company’s stock worth $221,000 after purchasing an additional 568 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $37,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Marriott Vacations Worldwide by 194.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,035 shares of the company’s stock worth $69,000 after buying an additional 683 shares during the period. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research lowered Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Mizuho set a $103.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Marriott Vacations Worldwide from $92.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their target price on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marriott Vacations Worldwide in a report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.70.

View Our Latest Research Report on VAC

Key Marriott Vacations Worldwide News

Here are the key news stories impacting Marriott Vacations Worldwide this week:

Positive Sentiment: Quarterly results exceeded expectations. Marriott Vacations Worldwide reported adjusted earnings of $2.31 per share versus the $1.97-$1.98 analyst consensus, while revenue reached $1.32 billion, ahead of the approximately $1.30 billion estimate. Earnings increased from $1.96 per share a year earlier, and revenue rose 5.9% year over year. Marriott Vacations Worldwide Q2 Earnings and Revenues Top Estimates
Positive Sentiment: Sales momentum was particularly strong. Second-quarter contract sales increased 22% year over year to $545 million. Net income attributable to common stockholders rose to $77 million from $69 million, while reported diluted EPS increased to $2.12 from $1.77. The results suggest continued demand for the company’s vacation-ownership products. Marriott Vacations Worldwide Reports Second Quarter 2026 Financial Results
Positive Sentiment: Management raised its full-year outlook. VAC now expects fiscal 2026 EPS of $8.25 to $9.05, above the roughly $7.49 consensus cited in the guidance update and the $7.32 estimate referenced in company coverage. The upgrade reinforces the market’s view that operating performance is improving. Marriott Vacations Raises 2026 Outlook on Strong Q2
Neutral Sentiment: Management commentary and investor analysis focused on sustained sales activity. The earnings call and related coverage highlighted the strength of recent sales, supporting the rally but leaving investors focused on whether that pace can continue. Marriott Vacations Worldwide Q2 2026 Earnings Call Transcript
Negative Sentiment: Valuation is a near-term risk. One analyst downgraded VAC after its recent rally, suggesting that much of the improved sales outlook may already be reflected in the stock price. The company also carries elevated leverage, with a debt-to-equity ratio of 2.80. Marriott Vacations Stellar Sales Activity Supports the Recent Rally Downgrade

About Marriott Vacations Worldwide

(Get Free Report)

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.