Inferra AI / Company / VAC
Marriott Vacations Worldwide Corp
VAC · Real Estate
Last earnings Aug 6, 2026
Key results
Net incomequarter
$22 million
Net income attributable to common stockholders was $22 million compared to $56 million in the prior year and diluted earnings per share was $0.64 compared to $1.46 in the prior year.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Adjusted net incomequarter
34%
Adjusted net income attributable to common stockholders decreased 34% to $43 million and adjusted diluted earnings per share decreased 25% to $1.24.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Adjusted EPSquarter
25%
Adjusted net income attributable to common stockholders decreased 34% to $43 million and adjusted diluted earnings per share decreased 25% to $1.24.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
EPSquarter
34.8
Diluted shares 34.8 42.0
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
AI analysis
Q1 2026 · reported May 5, 2026
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $22 million | — | $56 million |
| Adjusted net income | 34% | — | — |
| Adjusted EPS | 25% | — | — |
| EPS | 34.8 | — | — |
Guidance · company-stated
Direction: Raised
“Note on forward-looking statements This press release and accompanying schedules contain forward-looking statements within the meaning of federal securities laws, including statements about opportunities for growth, enhanced operational efficiencies and cost savings, expected asset sales, expected Adjusted EBITDA and increase in contract sales for the second quarter, and full year 2026 outlook for contract sales, results of operations and cash flow.”
“The Company reiterates its full-year Adjusted EBITDA guidance.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Marriott Vacations Worldwide Reports First Quarter 2026 Financial Results 3 Balance Sheet and Liquidity The Company ended the quarter with $854 million in liquidity, including $268 million of cash and cash equivalents and $478 million of available capacity under its revolving corporate credit facility.
The Company had $3.3 billion of corporate debt and $2.3 billion of non-recourse debt related to its securitized vacation ownership notes receivable at the end of the first quarter.
Event summary
May 5, 2026 Marriott Vacations Worldwide Corporation (NYSE VAC) ( MVW, the Company, we or our ) reported financial results for the first quarter of 2026
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “Note on forward-looking statements This press release and accompanying schedules contain forward-looking statements within the meaning of federal securities laws, including statements about opportunities for growth, enhanced operational efficiencies and cost savings, expected asset sales, expected Adjusted EBITDA and increase in contract sales for the second quarter, and full year 2026 outlook for contract sales, results of operations and cash flow.”
Company outlook — Reiterated (“reiterates”)
“The Company reiterates its full-year Adjusted EBITDA guidance.”
Revenue — Raised (“increase”)
“Note on forward-looking statements This press release and accompanying schedules contain forward-looking statements within the meaning of federal securities laws, including statements about opportunities for growth, enhanced operational efficiencies and cost savings, expected asset sales, expected Adjusted EBITDA and increase in contract sales for the second quarter, and full year 2026 outlook for contract sales, results of operations and cash flow.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Marriott Vacations Worldwide Reports First Quarter 2026 Financial Results 3 Balance Sheet and Liquidity The Company ended the quarter with $854 million in liquidity, including $268 million of cash and cash equivalents and $478 million of available capacity under its revolving corporate credit facility.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
The Company had $3.3 billion of corporate debt and $2.3 billion of non-recourse debt related to its securitized vacation ownership notes receivable at the end of the first quarter.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Full Year 2026 Outlook During the first quarter of 2026, the Company began including interest expense associated with its warehouse credit facility borrowings as a component of consumer financing interest expense.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
In the first quarter of 2026, interest expense on warehouse credit facility borrowings was $3 million.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
(1) Represents the net change in borrowings available from the securitization of eligible vacation ownership notes receivable compared to the prior year end.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
We consider Adjusted EBITDA to be an indicator of operating performance, which we use to measure our ability to service debt, fund capital expenditures, expand our business, and return cash to stockholders.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Strategy & priorities
As we indicated we would, we have taken steps to strengthen our foundation including making significant changes in our executive team and key leadership positions, adding experienced leaders across our sales and marketing disciplines which are already driving improved results, taking incremental cost and overhead actions which will benefit the balance of the year, executing on our disposition strategy by listing assets for sale that are expected to deliver more than $125 million in gross proceeds this year, and we remain on track to generate $200 million to $250 million of gross proceeds by the end of 2027.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
A-17 Free Cash Flow and Adjusted Free Cash Flow We evaluate Free Cash Flow and Adjusted Free Cash Flow as liquidity measures that provide useful information to management and investors about the amount of cash provided by operating activities after capital expenditures for property and equipment and the borrowing and repayment activity related to our term securitizations, which cash can be used for, among other purposes, strategic opportunities, including acquisitions and strengthening the balance sheet.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Risks & headwinds
There Marriott Vacations Worldwide Reports First Quarter 2026 Financial Results 5 may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
We evaluate these measures because we believe they provide useful information to investors because they allow for period-over-period comparisons of our ongoing core operations before the impact of certain non-recurring items such as impacts from asset sales, foreign currency changes, restructuring costs, litigation charges, modernization costs, transaction and integration costs, and impairments, and also facilitate the comparison of results from our ongoing core operations before these items with results from other companies.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Adjusted Free Cash Flow, which reflects additional adjustments to Free Cash Flow for the impact of transaction, integration, restructuring, and modernization costs, litigation charges, insurance proceeds, impact of borrowings available from the securitization of eligible vacation ownership notes receivable, and changes in restricted cash and other items, allows for period-over-period comparisons of the cash generated by our business before the impact of these items.
SEC original ↗Marriott Vacations Worldwide Corp — Earnings release (8-K exhibit)EX-99May 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
8 documentsPresentations
0 documentsNo presentations for Marriott Vacations Worldwide Corp are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Marriott Vacations Worldwide Corp are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Marriott Vacations Worldwide Corp by name or ticker. A mention is counted once per document, from the document text the library holds.
“0 million under the German syndicated revolving credit facility (held at the level of Ara VAC BidCo GmbH) and approximately EUR 6.8 million representing the undrawn… …and cash equivalents is presented separately in the consolidated statement of cash ”
See also the earnings calendar for every tracked company’s next earnings date.