MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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 September 30, 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)
| Delaware | 45-2598330 | |||
|---|---|---|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) | |||
| 7812 Palm Parkway | Orlando | FL | 32836 | |
| (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 class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 Par Value | VAC | New 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 October 29, 2026 was 34,418,958.
FORM 10-Q TABLE OF CONTENTS
| Page | ||
|---|---|---|
| Part I. | FINANCIAL INFORMATION | 1 |
| Item 1. | Financial Statements | 1 |
| Interim Consolidated Statements of Income | 1 | |
| Interim Consolidated Statements of Comprehensive Income | 2 | |
| Interim Consolidated Balance Sheets | 3 | |
| Interim Consolidated Statements of Cash Flows | 4 | |
| Interim Consolidated Statements of Stockholders’ Equity | 6 | |
| Interim Condensed Notes to Consolidated Financial Statements | 8 | |
| 1. Basis of Presentation | 8 | |
| 2. Significant Accounting Policies and Recent Accounting Standards | 9 | |
| 3. Acquisitions and Dispositions | 10 | |
| 4. Revenue and Receivables | 10 | |
| 5. Income Taxes | 13 | |
| 6. Vacation Ownership Notes Receivable | 14 | |
| 7. Financial Instruments | 17 | |
| 8. Earnings Per Share | 19 | |
| 9. Inventory | 20 | |
| 10. Contingencies and Commitments | 20 | |
| 11. Securitized Debt | 21 | |
| 12. Debt | 23 | |
| 13. Stockholders’ Equity | 25 | |
| 14. Share-Based Compensation | 26 | |
| 15. Variable Interest Entities | 28 | |
| 16. Business Segments | 29 | |
| 17. Modernization | 31 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 32 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 55 |
| Item 4. | Controls and Procedures | 56 |
| Part II. | OTHER INFORMATION | 56 |
| Item 1. | Legal Proceedings | 56 |
| Item 1A. | Risk Factors | 56 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 56 |
| Item 5. | Other Information | 57 |
| Item 6. | Exhibits | 57 |
| SIGNATURES | 59 | |
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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