Marriott Vacations Worldwide
Sells and manages branded vacation ownership while operating Interval International's exchange network.
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Profile
Sells and finances vacation ownership, then earns recurring fees from resort management, rentals and owner exchanges. Most revenue comes from Vacation Ownership; Interval International and Aqua-Aston add exchange memberships and third-party property management, while Marriott and Hyatt licenses underpin the brand portfolio.
Develops, markets, sells, finances and manages vacation ownership under Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club, Grand Residences by Marriott and The Ritz-Carlton Club. Most sales use flexible points programs. Resorts span the United States, Caribbean, Mexico, Europe, Asia and Australia.
Earns from ownership sales, consumer lending, resort management, rentals and program fees. Interval International provides vacation exchanges and travel services; Aqua-Aston manages hotels and resorts for third parties. Integrated development, marketing, sales, exchange and resort operations support operating efficiencies and recurring fee income.
Relies on long-term Marriott International and Hyatt licenses for core brands and loyalty-program access. Most buyer loans are securitized, tying funding to asset-backed credit markets; sales, lending and resort management also face extensive real-estate, consumer-finance and hospitality regulation.
Company facts
Categories
Key statistics
Year to date +87.0% · Average volume (30d) 499.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 18, 2026 | Morgan Stanley | Reiterate | Underweight | $50 | $65 |
| Aug 18, 2026 | Susquehanna | Initiate | Neutral | $110 | |
| Aug 12, 2026 | Deutsche Bank | Reiterate | Buy | $119 | $134 |
| Aug 7, 2026 | Goldman Sachs | Reiterate | Buy | $100 | $132 |
| Aug 7, 2026 | Barclays | Reiterate | Overweight | $94 | $140 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.97 | $2.31 | +17.3% | $1.30B | $1.32B | +1.9% | +22.62% |
| May 5, 2026Q1 FY26 | $1.67 | $1.24 | −25.7% | $1.20B | $1.26B | +4.9% | +6.16% |
| Feb 25, 2026Q4 FY25 | $1.72 | $1.86 | +8.1% | $1.30B | $1.32B | +1.6% | +16.66% |
| Nov 5, 2025Q3 FY25 | $1.64 | $1.69 | +3.0% | $1.30B | $812.0M | −37.4% | −26.40% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.25B | $812.0M | $1.32B | $1.26B | $1.32B | |
| Gross profit | $481.0M | $487.0M | $393.0M | $194.0M | $170.0M | $229.0M | |
| Operating income | $148.0M | $151.0M | $106.0M | $134.0M | $112.0M | $170.0M | |
| Net income | $56.0M | $69.0M | −$2.0M | −$431.0M | $22.0M | $77.0M | |
| Diluted EPS | $1.45 | $1.77 | −$0.06 | −$12.35 | $0.63 | $2.02 | |
| Gross margin | 40.1% | 39.1% | 48.4% | 14.7% | 13.5% | 17.3% | |
| Operating margin | 12.3% | 12.1% | 13.1% | 10.1% | 8.9% | 12.9% |
Fiscal years (4-quarter sums)FY21 $3.89B · FY22 $3.66B · FY23 $3.56B · FY24 $4.97B · FY25 $4.58B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $211.0M · Total debt $5.45B · Total assets $9.48B · Shareholders' equity $2.06B
Dividends
Raised for 4 straight years — most recently to $0.80 from $0.79 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 27, 2026 | May 27 | Jun 10 | $0.80 | |
| Mar 4, 2026 | Mar 4 | Mar 18 | $0.80 | |
| Dec 24, 2025 | Dec 24 | Jan 7 | $0.80 | raised from $0.79 |
| Sep 17, 2025 | Sep 17 | Oct 1 | $0.79 | |
| May 23, 2025 | May 23 | Jun 6 | $0.79 | |
| Mar 5, 2025 | Mar 5 | Mar 19 | $0.79 | |
| Dec 19, 2024 | Dec 19 | Jan 3 | $0.79 | raised from $0.76 |
| Sep 19, 2024 | Sep 19 | Oct 3 | $0.76 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 34.34M · Float 28.38M · 82.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.30M | 12.53% | 13F | Aug 7, 2026 |
| Impactive Capital LLC | 3.38M | 9.80% | 13D | Aug 20, 2026 |
| Christian Asmar · director, 10 percent owner: | 3.38M | 9.84% | Form 4 | Aug 20, 2026 |
| Vanguard Portfolio Management LLC | 1.90M | 5.54% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.55M | 4.50% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Christian Asmar | director, 10 percent owner: | −750,000 | $111.49 |
| Aug 17, 2026 | Kathleen A. Pighini | officer: See Remarks | −2,500 | $120.00 |
| Mar 10, 2026 | Michael Flaskey | officer: See Remarks | +14,862 | $67.26 |
| Jan 7, 2026 | John D. Fitzgerald | officer: See Remarks | +65 | $61.15 |
| Jan 6, 2026 | John D. Fitzgerald | officer: See Remarks | +44 | $61.06 |
Peers
- Hilton Grand Vacations
Pure-play timeshare giant tied to Hilton Honors, ~724K members, 200+ resorts
- Travel + Leisure
World’s largest timeshare operator by owners; runs RCI exchange network
- Walt Disney
Entertainment giant with 250K-member vacation-club program across 17 resorts
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marriott Vacations Worldwide | $110.30 | +0.23% | $3.78B | — | 11.7 | 0.8 | +5.9% |
| Hilton Grand Vacations | $43.81 | −0.01% | $3.44B | 20.7 | 8.4 | 0.6 | +7.3% |
| Travel + Leisure | $71.21 | −0.04% | $4.36B | 19.5 | 8.6 | 1.1 | +4.4% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Median | 20.7 | 8.6 | 1.1 | +7.1% |