VAC MARRIOTT VACATIONS WORLDWIDE Corp
Price Chart
Executive Summary
Marriott Vacations Worldwide reported Q1 2026 results with GAAP EPS of $0.64 (down 56% YoY) and adjusted EPS of $1.24 (down 25% YoY), missing consensus estimates of $1.71. Contract sales declined 2% YoY to $411M and Adjusted EBITDA fell 16% to $161M. The company reiterated its full-year 2026 guidance, including Adjusted EBITDA of $755M-$780M, and raised its contract sales guidance range to $1.815B-$1.885B from $1.745B-$1.815B.
Key Financial Metrics
Actionable Insight
The significant EPS miss and broad earnings decline outweigh the raised contract sales guidance. Watch for Q2 2025 results to validate management's expectation of 4%-8% contract sales growth and $187M-$202M Adjusted EBITDA. The stock is likely to trade down sharply on the earnings miss and deteriorating profitability trends.
Key Facts
- GAAP diluted EPS of $0.64 vs $1.46 in prior year, a 56% decline
- Adjusted diluted EPS of $1.24 vs $1.66 in prior year, a 25% decline, missing consensus of $1.71
- Adjusted EBITDA fell 16% to $161M from $192M in prior year
- Contract sales declined 2% YoY to $411M
- Full-year 2026 Adjusted EBITDA guidance reiterated at $755M-$780M
- Full-year 2026 contract sales guidance raised to $1.815B-$1.885B from $1.745B-$1.815B
- Net income attributable to common stockholders fell 61% to $22M from $56M
- Segment Adjusted EBITDA margin in Vacation Ownership declined 440 bps to 24.8%
- Development profit margin declined 610 bps to 16.1%
- Company expects Q2 2026 contract sales to increase 4%-8% and Adjusted EBITDA of $187M-$202M
Financial Impact
Adjusted EPS of $1.24 missed consensus of $1.71 by 27.5%; Adjusted EBITDA down 16% YoY; GAAP net income down 61%
Risk Factors
- Continued decline in contract sales and tours
- Further margin compression in Vacation Ownership segment
- High leverage with $3.3B corporate debt and $2.3B non-recourse debt
- Execution risk on asset disposition strategy targeting $200M-$250M by 2027
- Restructuring and modernization costs may continue to pressure earnings
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001524358-26-000020 |
| Document: vac-20260505.htm | 0001524358-26-000020 |
| Document: 0001524358-26-000020-index-headers.html | 0001524358-26-000020 |
| Document: 0001524358-26-000020-index.html | 0001524358-26-000020 |
| Document: 0001524358-26-000020.txt | 0001524358-26-000020 |
| 8-K Data (Synthetic) | 0001524358-26-000020 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 18, 2026
22d ago
|
8-K
| $69.56 $84.12 | ▲ +20.94% | ▲ +18.64% | $89.51 (+28.69%) |
|
May 5, 2026
5w ago
|
8-K
| $73.72 $72.42 | ▲ +1.76% | ▲ +3.75% | $89.51 (−21.42%) |
|
Feb 25, 2026
14w ago
|
8-K
| $66.86 $71.97 | ▼ −7.64% | ▼ −8.76% | $89.51 (−33.87%) |
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