NYSE$VAC

Marriott Vacations Worldwide Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Marriott Vacations Worldwide reported Q2 2025 revenue of $1.25B, net income of $69.0M, diluted EPS of $1.77.

For Q2 2025, Marriott Vacations Worldwide reported Revenue was $1.25B, net income was $69.0M, diluted EPS was $1.77. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $1.25B for Q2 2025.
  • Net income $69.0M.
  • Diluted EPS $1.77.

Headline financials

Total Revenue

$1.25B

Previous: $1.14B+9.3%
EPS (adj)

$1.77

Previous: $0.98+80.6%
Contract Sales

$445M

No prior period
VPG

$3.63K

Previous: $3.74K-2.9%
Tours

114.4K

Previous: 111.8K+2.4%
Adjusted EBITDA

$203M

Previous: $158M+28.5%
Adjusted EBITDA Margin

24.3%

Previous: 20.7%+17.4%
VO Adjusted EBITDA

$231M

Previous: $181M+27.6%
Exchange Adjusted EBITDA

$23M

Previous: $25M-8.0%
Active Interval Members

1.5M

No prior period
Avg Revenue per Member

$37.40

No prior period
Development Profit

$92M

Previous: $45M+104.4%
Development Profit Margin

24.7%

Previous: 14.7%+68.0%
Capital Expenditures

-$34M

Previous: -$29M-17.2%
Net Income

$69M

Previous: $37M+86.5%
Operating Income

$94M

Previous: $632M-85.1%

Revenue & EPS history

Marriott Vacations · Revenue · Quarterly

$1.25B

Q2 2025+9.3%vs Q2 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Marriott Vacations · $1.32B total across 5 segments · Q4 2025

  • Cost Reimbursements
    $467M
  • Sale of VO Products
    $381M
  • Management and Exchange
    $212M
  • Rental
    $171M
  • Financing
    $92M

Forward guidance

Lodging and REIT outlook ties to RevPAR, occupancy, financing costs, and capital recycling.

Tailwinds

  • Fee and rental cash flows benefit from travel demand.
  • Development and renovation pipelines support growth.

Headwinds

  • Interest rates and macro travel trends.
  • Labor costs and impairment risk in select assets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.1%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-0.8%

Avg return

30 days after

51%

32 / 63 earnings

Positive

+21.0%

Q3 2024

Best reaction

-26.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.1%+10.0%+23.7%
Q3 2025-26.8%-30.5%-18.1%
Q2 2025-2.0%-4.7%+6.0%
Q1 2025+10.5%+24.3%+13.5%
Q4 2024-9.3%-16.8%-22.5%
Q4 2025+0.1%-14.0%-22.4%
Q3 2024+21.0%+18.7%+22.0%
Q2 2024-10.7%-17.5%-15.2%
Q1 2024+2.0%+2.4%-9.5%
Q4 2023+11.7%+10.2%+15.1%
Q3 2023-8.2%-12.1%-13.7%
Q2 2023-11.9%-11.1%-12.5%
Q1 2023-4.2%-5.2%-4.8%
Q4 2022-1.7%-1.5%-18.1%
Q3 2022-0.9%-5.7%+1.3%
Q2 2022+3.4%+7.8%+1.8%
Q1 2022-4.1%-5.7%-0.7%
Q4 2021-3.0%-3.4%-6.4%
Q3 2021-0.5%-1.3%-5.0%
Q2 2021-5.8%-9.4%-1.8%
Q1 2021-2.6%-2.6%-3.5%
Q4 2020+0.0%+6.3%+4.1%
Q3 2020+9.2%+23.0%+38.8%
Q2 2020-0.7%-5.9%+11.8%
Q1 2020+3.0%+1.6%+30.5%
Q4 2019-5.6%-2.7%-41.3%
Q3 2019+3.2%+4.8%+9.7%
Q2 2019-5.7%-17.6%-3.9%
Q1 2019-3.6%-7.1%-14.3%
Q4 2018+3.3%+1.2%-4.2%
Q3 2018-9.2%-21.2%-24.5%
Q2 2018+2.4%+3.4%+1.8%
Q1 2018-4.6%-3.0%-1.0%
Q4 2017-1.4%+2.5%-6.5%
Q3 2017+8.1%+7.2%+1.3%
Q2 2017+0.9%-1.4%+3.2%
Q1 2017+1.4%-0.5%+5.0%
Q4 2016+10.1%+4.6%+8.1%
Q3 2016-7.0%-4.2%+6.0%
Q2 2016+11.6%+16.1%+13.0%
Q1 2016-7.6%
Q4 2015+12.5%
Q3 2015-16.8%
Q2 2015-7.8%
Q1 2015+7.5%
Q4 2014-1.3%
Q3 2014+7.1%
Q2 2014+0.5%
Q1 2014+3.4%
Q4 2013+4.1%
Q3 2013+9.2%
Q2 2013-5.6%
Q1 2013+5.6%
Q4 2012-12.7%
Q3 2012+0.1%
Q2 2012+8.3%
Q1 2011+0.5%
Q1 2012+8.6%
Q2 2011+1.1%
Q4 2011+3.4%
Q3 2011-0.7%
Q1 2010-0.7%
Q4 2010-0.7%
Q3 2010
Q2 2010

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