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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5. Income Taxes
| 5. | INCOME TAXES |
Our effective tax rate was 27.8% and 537.8% for the three months ended September 30, 2026 and September 30, 2025, respectively, and 33.4% and 37.0% for the nine months ended September 30, 2026 and September 30, 2025, respectively.
The effective tax rate for the three months ended September 30, 2026 differed from the blended U.S. federal and state statutory tax rate primarily due to changes in uncertain tax positions and the cumulative effect of a decrease in our estimated annual effective tax rate, primarily due to a change in position to utilize foreign tax credits.
The effective tax rate for the nine months ended September 30, 2026 differed from the blended U.S. federal and state statutory tax rate primarily due to projected losses in certain foreign jurisdictions for which no tax benefit was recognized as a result of valuation allowances, as well as discrete income tax adjustments.
The effective tax rates for the three and nine months ended September 30, 2025 differed from the blended U.S. federal and state statutory tax rate primarily due to changes in valuation allowances, partially offset by tax benefits arising from restructuring activities and other deferred tax adjustments.
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