MARRIOTT VACATIONS WORLDWIDE Corp

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

VAC$115.68+0.5%Stored close · as of Nov 10, 2026

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Contents

Interim Consolidated Statements of Income

(In millions, except per share amounts)

	Three Months Ended
	March 31, 2025	March 31, 2024
REVENUES
Sale of vacation ownership products	$355	$352
Management and exchange	215	211
Rental	169	158
Financing	88	83
Cost reimbursements	373	391
TOTAL REVENUES	1,200	1,195
EXPENSES
Cost of vacation ownership products	42	53
Marketing and sales	234	223
Management and exchange	117	116
Rental	123	107
Financing	36	34
General and administrative	61	63
Depreciation and amortization	38	38
Litigation charges	7	3
Restructuring	12	2
Royalty fee	28	28
Cost reimbursements	373	391
TOTAL EXPENSES	1,071	1,058
Gains and other income, net	13	—
Interest expense, net	(40)	(40)
Transaction and integration costs	—	(15)
Other	—	(1)
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS	102	81
Provision for income taxes	(45)	(35)
NET INCOME	57	46
Net (income) loss attributable to noncontrolling interests	(1)	1
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$56	$47
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Basic	$1.60	$1.32
Diluted	$1.46	$1.22
CASH DIVIDENDS DECLARED PER SHARE	$0.79	$0.76

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.