Marriott Vacations Worldwide Corporation (VAC)

VAC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,003	2,936	2,844	2,996	2,494	1,577
Other Revenue	355	342	322	293	268	267
Revenue	3,358	3,278	3,166	3,289	2,762	1,844
Revenue Growth (YoY)	5.13%	3.54%	-3.74%	19.08%	49.78%	-41.48%
Cost of Revenue	1,436	1,305	1,235	1,229	1,221	1,041
Gross Profit	1,771	1,827	1,818	1,985	1,453	696
Selling, General & Admin	1,187	1,162	1,096	1,056	844	540
Operating Expenses	1,338	1,308	1,231	1,188	990	663
Operating Income	433	519	587	797	463	33
Interest Expense	-164	-162	-145	-118	-164	-150
Currency Exchange Gain (Loss)	10	-13	6	-	-	-
Other Non Operating Income (Expenses)	4	-8	31	41	-49	-27
EBT Excluding Unusual Items	283	336	479	720	250	-144
Merger & Restructuring Charges	-8	-28	-43	-125	-110	-91
Impairment of Goodwill	-	-	-	-	-	-73
Gain (Loss) on Sale of Investments	-	-	-8	-	-3	-
Gain (Loss) on Sale of Assets	6	8	8	-	-	1
Asset Writedown	-31	-2	-24	-2	-	-27
Legal Settlements	-17	-17	-13	-11	-10	-6
Other Unusual Items	2	4	-10	-	-	-
Pretax Income	256	306	398	582	127	-340
Income Tax Expense	83	89	146	191	74	-84
Earnings From Continuing Operations	173	217	252	391	53	-256
Minority Interest in Earnings	-	1	2	-	-4	-19
Net Income	173	218	254	391	49	-275
Net Income to Common	173	218	254	391	49	-275
Net Income Growth	-14.78%	-14.17%	-35.04%	697.96%	-	-
Shares Outstanding (Basic)	35	35	37	40	43	41
Shares Outstanding (Diluted)	42	42	44	45	43	41
Shares Change (YoY)	-0.65%	-3.22%	-3.76%	4.39%	4.84%	-7.19%
EPS (Basic)	4.93	6.16	6.96	9.68	1.15	-6.66
EPS (Diluted)	4.58	5.63	6.28	8.76	1.13	-6.66
EPS Growth	-12.95%	-10.30%	-28.37%	674.19%	-	-
Free Cash Flow	63	98	114	457	296	258
Free Cash Flow Per Share	1.50	2.33	2.62	10.11	6.84	6.25
Dividend Per Share	3.160	3.070	2.920	2.580	1.080	0.540
Dividend Growth	3.95%	5.14%	13.18%	138.89%	100.00%	-71.43%
Gross Margin	52.74%	55.73%	57.42%	60.35%	52.61%	37.74%
Operating Margin	12.90%	15.83%	18.54%	24.23%	16.76%	1.79%
Profit Margin	5.15%	6.65%	8.02%	11.89%	1.77%	-14.91%
Free Cash Flow Margin	1.88%	2.99%	3.60%	13.89%	10.72%	13.99%
EBITDA	584	665	722	929	609	156
EBITDA Margin	17.39%	20.29%	22.80%	28.25%	22.05%	8.46%
D&A For EBITDA	151	146	135	132	146	123
EBIT	433	519	587	797	463	33
EBIT Margin	12.90%	15.83%	18.54%	24.23%	16.76%	1.79%
Effective Tax Rate	32.42%	29.09%	36.68%	32.82%	58.27%	-
Revenue as Reported	5,036	4,967	4,727	4,656	3,890	2,886

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q