Marriott Vacations Worldwide (VAC) Q2 FY2026 earnings: revenue $1.3 billion, up 5.9% on the year

Marriott Vacations Worldwide Corp. (VAC) reported revenue of $1.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.9% on the same quarter a year earlier. Net income was $77 million, up 11.6% on the year, and diluted earnings per share $2.12. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$1.3 billionup 5.9%

Net income$77 millionup 11.6%

Diluted EPS$2.12

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	1,320	1,257	1,246	+5.9%
Operating income	161	88.0	112	+43.8%
Operating margin	12.2%	7.0%	9.0%
Income tax	37.0	23.0	25.0	+48.0%
Net income	77.0	22.0	69.0	+11.6%
Net margin	5.8%	1.8%	5.5%
Diluted EPS	$2.12	$0.64	$1.77	+19.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	80.0	-4.0	-48.0	n/a
Capital expenditure	14.0	8.0	20.0	-30.0%
Free cash flow	66.0	-12.0	-68.0	n/a
Free cash flow margin	5.0%	-1.0%	-5.5%
Cash from investing	-14.0	42.0	-25.0	n/a
Cash from financing	-149	-174	51.0	n/a
Depreciation and amortisation	32.0	34.0	38.0	-15.8%
Share-based compensation	12.0	10.0	12.0	+0.0%
Buybacks	0.0	0.0	0.0	n/a
Dividends paid	27.0	55.0	28.0	-3.6%
Dividend per share	$0.80	$0.80	$0.79	+1.3%
Diluted shares, weighted	38m	35m	42m	-8.4%
Shares outstanding at period end	34m	34m	35m	-0.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	2,057	1,992	2,484	-17.2%
Non-controlling interest	0.0	0.0	0.0	n/a
Debt	2,929	3,096	3,027	-3.2%
Other liabilities	4,493	4,548	4,376	+2.7%
Total liabilities and equity	9,479	9,636	9,887	-4.1%
Goodwill	2,958	2,958	3,117	-5.1%
Intangible assets	681	696	762	-10.6%
Cash and equivalents	211	268	205	+2.9%
Other assets	5,629	5,714	5,803	-3.0%
Total assets	9,479	9,636	9,887	-4.1%

Questions

What was Marriott Vacations Worldwide's revenue in Q2 FY2026?

Marriott Vacations Worldwide (VAC) reported revenue of $1.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.9% on the same quarter a year earlier.

How much did Marriott Vacations Worldwide earn in Q2 FY2026?

Net income for Q2 FY2026 was $77 million, up 11.6% on the year, and diluted earnings per share $2.12.

When did Marriott Vacations Worldwide report Q2 FY2026 results?

Marriott Vacations Worldwide filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 6 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,186	1,194	1,195	1,140	1,305	1,327	1,200	1,246	1,263	1,323	1,257	1,320
Operating income	105	102	137	102	148	103	129	112	33.0	-451	88.0	161
Operating margin	9%	9%	11%	9%	11%	8%	11%	9%	3%	-34%	7%	12%
Net income	42.0	35.0	47.0	37.0	84.0	50.0	56.0	69.0	-2.0	-431	22.0	77.0
Net margin	4%	3%	4%	3%	6%	4%	5%	6%	-0%	-33%	2%	6%
Diluted EPS	$1.09	$0.96	$1.22	$0.98	$2.12	$1.29	$1.46	$1.77	-$0.07	n/a	$0.64	$2.12
Operating cash flow	122	83.0	3.0	30.0	72.0	100	8.0	-48.0	62.0	6.0	-4.0	80.0
Capital expenditure	29.0	26.0	16.0	13.0	14.0	14.0	14.0	20.0	11.0	12.0	8.0	14.0
Free cash flow	93.0	57.0	-13.0	17.0	58.0	86.0	-6.0	-68.0	51.0	-6.0	-12.0	66.0
Buybacks	86.0	38.0	24.0	12.0	9.0	11.0	36.0	0.0	0.0	25.0	0.0	0.0
Dividends paid	0.0	26.0	54.0	27.0	0.0	26.0	55.0	28.0	27.0	0.0	55.0	27.0
Shares outstanding	36m	35m	35m	35m	35m	35m	35m	35m	35m	34m	34m	34m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 6 August 2026, accession 0001524358-26-000037: the filing on EDGAR. All of Marriott Vacations Worldwide Corp.'s filings: EDGAR company page.

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