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MARRIOTT VACATIONS WORLDWIDE Corp

For the period ended Mar 31, 2026. Filed May 5, 2026.

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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, 2026 · Filed May 5, 2026

VAC$110.42+3.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-35219

Marriott Vacations Worldwide Corp oration

(Exact name of registrant as specified in its charter)

Delaware45-2598330
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
7812 Palm ParkwayOrlandoFL32836
(Address of principal executive offices)(Zip Code)

(407)206-6000 (Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 Par ValueVACNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒

The number of shares outstanding of the issuer’s common stock, par value $0.01 per share, as of April 30, 2026 was 34,343,064.

FORM 10-Q TABLE OF CONTENTS

Page
Part I.FINANCIAL INFORMATION1
Item 1.Financial Statements1
Interim Consolidated Statements of Income1
Interim Consolidated Statements of Comprehensive Income2
Interim Consolidated Balance Sheets3
Interim Consolidated Statements of Cash Flows4
Interim Consolidated Statements of Stockholders’ Equity6
Interim Condensed Notes to Consolidated Financial Statements7
1. Basis of Presentation7
2. Significant Accounting Policies and Recent Accounting Standards8
3. Dispositions9
4. Revenue and Receivables9
5. Income Taxes11
6. Vacation Ownership Notes Receivable12
7. Financial Instruments15
8. Earnings Per Share17
9. Inventory18
10. Contingencies and Commitments18
11. Securitized Debt19
12. Debt21
13. Stockholders’ Equity23
14. Share-Based Compensation24
15. Variable Interest Entities25
16. Business Segments27
17. Modernization29
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 3.Quantitative and Qualitative Disclosures About Market Risk49
Item 4.Controls and Procedures50
Part II.OTHER INFORMATION50
Item 1.Legal Proceedings50
Item 1A.Risk Factors50
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50
Item 5.Other Information51
Item 6.Exhibits51
SIGNATURES53

Throughout this report, we refer to Marriott Vacations Worldwide Corporation, together with its consolidated subsidiaries, as “Marriott Vacations Worldwide,” “MVW,” “we,” “us,” or the “Company.” We also refer to brands that we own, as well as those brands that we license, as our brands. All brand names, trademarks, trade names, and service marks cited in this report are the property of their respective owners, including those of other companies and organizations. Solely for convenience, trademarks, trade names, and service marks referred to in this report may appear without the®or TM symbols, however, such references are not intended to indicate in any way that MVW or the owner, as applicable, will not assert, to the fullest extent under applicable law, all rights to such trademarks, trade names, and service marks.

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