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Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 8th:

HP (HPQ - Free Report) : This company, which is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small and medium businesses (SMBs) and large enterprises, including customers in the government, health and education sectors, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.7%, compared with the industry average of 0.5%.

Eni (E - Free Report) : This integrated energy company, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.5% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.2%, compared with the industry average of 1.3%.

MARRIOTT VAC WW (VAC - Free Report) : This leading global vacation company, that offers vacation ownership, exchange, rental, resort and property management services, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3%, compared with the industry average of 0.0%.

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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.80 per share of common stock. The dividend is payable on or around September 30, 2026, to stockholders of record as of the close of business on September 16, 2026.About Marriott Vacations Worldwide CorporationMarriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rent.

Bank of New York Mellon Corp acquired a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 176,432 shares of the company’s stock, valued at approximately $17,975,000. Bank of New York Mellon Corp owned approximately 0.51% of Marriott Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC lifted its position in Marriott Vacations Worldwide by 5.9% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 4,987 shares of the company’s stock valued at $325,000 after purchasing an additional 276 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of Marriott Vacations Worldwide by 4.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 7,274 shares of the company’s stock valued at $474,000 after purchasing an additional 296 shares during the last quarter. Blue Trust Inc. grew its position in shares of Marriott Vacations Worldwide by 55.2% during the 1st quarter. Blue Trust Inc. now owns 956 shares of the company’s stock worth $62,000 after buying an additional 340 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Marriott Vacations Worldwide by 51.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,085 shares of the company’s stock worth $63,000 after buying an additional 367 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $27,000. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Stock Performance Shares of VAC stock opened at $104.03 on Tuesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. The company has a market capitalization of $3.58 billion, a P/E ratio of -10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.23. The company’s 50 day moving average price is $104.93 and its two-hundred day moving average price is $84.26. Marriott Vacations Worldwide Corporation has a 52 week low of $44.58 and a 52 week high of $131.34.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.34. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth A number of research firms have commented on VAC. Wells Fargo & Company lifted their target price on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Barclays increased their price target on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $132.00 price objective on shares of Marriott Vacations Worldwide in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.45.

Read Our Latest Stock Analysis on Marriott Vacations Worldwide

Insider Transactions at Marriott Vacations Worldwide In related news, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total value of $83,617,500.00. Following the sale, the director owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. This trade represents a 18.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the sale, the insider owned 10,821 shares in the company, valued at $1,298,520. The trade was a 18.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.30% of the stock is currently owned by corporate insiders.

(Free Report)

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.

See Also Five stocks we like better than Marriott Vacations Worldwide Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report).

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Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 31:                     

Provident Financial Holdings, Inc. (PROV - Free Report) : This bank holding company witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.3% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.1%, compared with the industry average of 2.2%.

Marriott Vacations Worldwide Corporation (VAC - Free Report) : This vacation company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.9% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 0.0%.

Target Corporation (TGT - Free Report) : This retail company has witnessed the Zacks Consensus Estimate for its next year earnings increasing 24.9% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.8%, compared with the industry average of 0.7%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.

A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

Marriott Vacations Worldwide (VAC - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:

A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 19.2%, the stock of this timeshare company is certainly well-positioned in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. VAC meets this criterion too, as the stock gained 32.6% over the past 12 weeks.

Moreover, the momentum for VAC is fast paced, as the stock currently has a beta of 1.23. This indicates that the stock moves 23% higher than the market in either direction.

Given this price performance, it is no surprise that VAC has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped VAC earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, VAC is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. VAC is currently trading at 0.75 times its sales. In other words, investors need to pay only 75 cents for each dollar of sales.

So, VAC appears to have plenty of room to run, and that too at a fast pace.

In addition to VAC, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

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15 best consumer discretionary stocks for the rest of 2023Marriott Vacations Worldwide NYSE: VAC reported second-quarter results that exceeded the high end of its guidance for contract sales and adjusted EBITDA, citing higher sales productivity, stronger owner engagement and new commercial programs.

Chief Executive Officer Matt Avril said contract sales rose 22% from a year earlier, supported by vacation ownership sales productivity, or volume per guest (VPG), of $4,477. Owner contract sales increased 41%, while owner VPG rose 33%.

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Airline and hotel stocks soar as Thanksgiving travel sets recordsAdjusted EBITDA increased 6% year over year to $215 million, or $12 million above the prior-year quarter and $20 million above the midpoint of the company’s guidance. Adjusted free cash flow totaled $87 million in the quarter and $201 million in the first half, compared with $22 million during the first six months of 2025.

Sales initiatives drive growth President and Chief Operating Officer Michael Flaskey said the company completed implementation of a five-part commercial strategy during the quarter. May and June were the two highest sales months in the company’s history, he said.

Three (3) Top-Rated Dividend Payers Worth Your Attention The strategy includes a program called Connections, which focuses on engaging owners during their vacations and throughout their ownership experience. Marriott Vacations said its owner arrival-to-tour ratio, which it now calls Connections, improved 600 basis points year over year during the second quarter.

The company also introduced a data-driven “tour logistics” system in April that uses customer propensity data to match guests with sales executives. Flaskey said the initiative helped lift VPG through higher average transaction sizes. North American tours rose 3% in the quarter and were up 1% year to date through the end of the period.

Other initiatives included revamped owner loyalty tiers, called Reserve and Pinnacle; a Premier Vacations point-of-sale incentive introduced June 9; and the Inner Circle presented by Aflac events platform, which launched June 22 with country artist Lee Brice. The company held an additional five events during the second quarter.

Flaskey said VPG associated with Inner Circle events was above the company average and exceeded expectations. Marriott Vacations plans to hold about 50 events in 2026. For 2027, Flaskey said the company’s goal is a couple hundred headline events and roughly 1,000 total events, including smaller regional programs.

During the question-and-answer session, Flaskey said tour logistics and refreshed owner benefit levels were the principal drivers of second-quarter sales gains. Premier Vacations and Inner Circle, which were introduced later in the quarter, showed early results that were ahead of expectations, he said.

Margins, debt and inventory Chief Financial Officer Jason Marino said contract sales reached $545 million in the quarter. North American contract sales increased 27%, principally due to higher average transaction size, while development profit rose $14 million year over year to $106 million.

Marino said the company’s reported development profit was reduced by $15 million because revenue from contracts sold in the final 10 days of the quarter was not recognized while those sales remained in their rescission period. Most related sales and marketing costs were recognized during the period.

Marketing and sales expense as a percentage of contract sales declined 150 basis points from a year earlier and improved 700 basis points sequentially from the first quarter. The company expects development margins to improve during the second half.

Its sales reserve was 13.4% of contract sales. Marino said the company increased the reserve rate because of the sharp growth in contract sales and expects a similar reserve rate in the second half. He said delinquencies in the sub-120-day category declined 54 basis points from the first quarter to the second quarter.

Marriott Vacations ended the quarter with $3.1 billion in net corporate debt and leverage of about four times, down from 4.2 times at the end of the first quarter. Debt outstanding has declined by about $100 million since June of the prior year, according to Marino.

The company said it has approximately $900 million of inventory at cost, representing about 1.7 years of inventory based on its updated sales outlook. It is considering adding its New York City property to its inventory trust to support sales rather than selling the asset. The property had previously been included among planned non-core dispositions.

Raised outlook and capital priorities Marriott Vacations raised its full-year outlook for contract sales growth to 18% to 20%, implying growth of 25% to 29% in the second half. Marino said July’s sales trend was largely consistent with the strong performance recorded in May and June.

Adjusted EBITDA guidance was raised to $805 million to $830 million, a $50 million increase from the prior range. Adjusted free cash flow guidance was raised to $410 million to $460 million, up $35 million at the midpoint. The company expects free-cash-flow conversion in the mid-50% range for the year. Marriott Vacations expects to sell $50 million of non-core assets in the second half and now expects total non-core asset-sale proceeds of $200 million by the end of 2027. Marino said future capital deployment will emphasize debt repayment, dividends and opportunistic share repurchases. He said the company expects leverage to be in the upper-three-times range by year-end and may become more opportunistic on buybacks as leverage falls below four times.

Avril said the company plans to provide an update on its strategies and longer-term growth plans at an investor day scheduled for Dec. 9 in New York City.

About Marriott Vacations Worldwide (NYSE:VAC)Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company's core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Marriott Vacations rallied 40% over the past year, driven by robust VOI sales and resilient recurring revenue streams. Q2 results exceeded expectations, with adjusted EBITDA up 6% and contract sales rising 22%, supported by effective marketing and stable credit quality. VAC increased full-year EBITDA and EPS guidance, reflecting stronger-than-anticipated VOI demand and improved profitability outlook.

Marriott Vacations Worldwide Corporation (VAC) Q2 2026 Earnings Call August 6, 2026 8:30 AM EDT

Company Participants

Neal Goldner - Vice President of Investor Relations
Matthew Avril - CEO & Director
Michael Flaskey - President & COO
Jason Marino - Executive VP & CFO

Conference Call Participants

Benjamin Chaiken - Mizuho Securities USA LLC, Research Division
Elizabeth Dove - Goldman Sachs Group, Inc., Research Division
Charles Scholes - Truist Securities, Inc., Research Division
David Katz - Jefferies LLC, Research Division
Stephen Grambling - Morgan Stanley, Research Division
Nicholas Weichel - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Marriott Vacations Worldwide Second Quarter 2026 Earnings Call.

[Operator Instructions] I would now like to turn the conference call over to Neal Goldner, Vice President, Investor Relations. Please go ahead.

Neal Goldner
Vice President of Investor Relations

Thank you, and welcome to the Marriott Vacations Worldwide Second Quarter Earnings Conference Call. I'm joined today by Matt Avril, our Chief Executive Officer; Mike Flaskey, our President and Chief Operating Officer; and Jason Marino, our Executive Vice President and Chief Financial Officer.

I need to remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties, which could cause future results to differ materially from those expressed in or implied by our comments.

Forward-looking statements in the press release as well as comments on this call are effective only when made and will not be updated as actual events unfold. Throughout the call, we will make references to non-GAAP financial information. You can find a reconciliation of non-GAAP financial measures in the schedules attached to our press release and on our website.

With that, it's now my pleasure to turn the call over

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported financial results for the second quarter of 2026.

Second Quarter 2026 Highlights

Contract sales increased 22% year over year to $545 million in the quarter. Net income attributable to common stockholders was $77 million compared to $69 million in the prior year and diluted earnings per share was $2.12 compared to $1.77 in the prior year. Adjusted net income attributable to common stockholders increased 9% to $84 million and adjusted diluted earnings per share increased 18% to $2.31. Adjusted EBITDA increased to $215 million compared to $203 million in the prior year. The Company raises its full-year Contract Sales, Adjusted EBITDA and Adjusted Free Cash Flow guidance. “Our second quarter results demonstrate the strong progress we have made this year, with VPG improving 23% year over year and contract sales growing 22%. This was driven by the power of our brands, our strategy, and the execution by our associates,” said Matt Avril, Chief Executive Officer. “Our raised guidance reflects our focus on driving continued contract sales growth and increasing Adjusted EBITDA. We also remain committed to delivering best-in-class hospitality experiences for our owners, members, and guests.”

In the tables that follow “*” denotes Non-GAAP Financial Measures. Please see page A-17 for additional information about our reasons for providing these alternative financial measures and limitations on their use. Additionally, in the tables below “†” denotes prior year amounts that have been reclassified to conform with our current year presentation and “NM” means not meaningful.

Vacation Ownership

Three Months Ended

Change

(In millions, except volume per guest (“VPG”) and tours)

June 30, 2026

June 30, 2025

Revenues excluding cost reimbursements

$

853

$

775

10

%

Contract sales

$

545

$

445

22

%

VPG

$

4,477

$

3,631

23

%

Tours

112,721

114,402

(1

%)

Segment financial results attributable to common stockholders†

$

219

$

197

12

%

Segment margin†

25.7%

25.4%

30 bps

Segment Adjusted EBITDA*

$

246

$

231

7

%

Segment Adjusted EBITDA margin*

28.9%

29.8%

(90 bps)

Contract sales increased 22% compared to the prior year. VPG increased 23% year over year driven by higher average transaction size from product and operational enhancements. Tours in North America increased 3% year over year. The 1% decline in reported tours was attributable to the Company’s purposeful actions to prioritize higher profitability and cash flow in the Asia‑Pacific region.

Segment Adjusted EBITDA increased primarily due to higher contract sales. Segment Adjusted EBITDA margin declined primarily due to higher marketing and sales costs and higher unsold maintenance fee expense, partially offset by lower product cost as a percentage of sale of vacation ownership products.

Exchange & Third-Party Management

(In millions, except total active Interval International members and average revenue per member)

Three Months Ended

Change

June 30, 2026

June 30, 2025

Revenues excluding cost reimbursements

$

50

$

51

(2

%)

Total active Interval International members (000's)(1)

1,475

1,507

(2

%)

Average revenue per Interval International member

$

36.83

$

37.40

(2

%)

Segment financial results attributable to common stockholders

$

17

$

16

2

%

Segment margin†

33.1%

32.0%

110 bps

Segment Adjusted EBITDA*

$

22

$

23

(7

%)

Segment Adjusted EBITDA margin*

43.3%

45.9%

(260 bps)

(1) Includes members at the end of each period.

Corporate and Other
General and administrative costs increased $1 million in the second quarter compared to the prior year due to higher variable compensation, partly offset by other operational savings.

Balance Sheet and Liquidity
The Company ended the quarter with $928 million in liquidity, including $211 million of cash and cash equivalents and $650 million of available capacity under its revolving corporate credit facility. The Company had $3.1 billion of corporate debt and $2.4 billion of non-recourse debt related to its securitized vacation ownership notes receivable at the end of the second quarter.

The Company’s net corporate leverage ratio declined to 4.0 times in the second quarter compared to 4.2 times at the end of the first quarter.

The Company also had $902 million of inventory at the end of the quarter, including $229 million classified as a component of Property and equipment.

Full Year 2026 Outlook
During the first quarter of 2026, the Company began including interest expense associated with its warehouse credit facility borrowings as a component of consumer financing interest expense. In the second quarter of 2026, interest expense on warehouse credit facility borrowings was $2 million.

The Company provides full year 2026 guidance as reflected in the chart below.

(in millions, except per share amounts)

Current
2026 Guidance

Previous
2026 Guidance

Contract sales

$2,080

to

$2,115

$1,815

to

$1,885

Adjusted EBITDA*

$805

to

$830

$755

to

$780

Adjusted net income attributable to common stockholders*

$300

to

$330

$255

to

$285

Adjusted earnings per share - diluted*

$8.25

to

$9.05

$7.05

to

$7.80

Adjusted free cash flow*

$410

to

$460

$375

to

$425

The guidance provided above excludes impacts from certain asset sales, foreign currency changes, restructuring costs, litigation charges, modernization costs, transaction and integration costs, and impairments, each of which the Company cannot forecast with sufficient accuracy to factor them into the guidance provided above and without unreasonable efforts, and which may be significant. As a result, the full year 2026 outlook is presented only on a non-GAAP basis and is not reconciled to the most comparable GAAP measures. Where one or more of the currently unavailable items is applicable, some items could be material, individually or in the aggregate, to GAAP reported results.

The Company’s 2026 guidance is based on the following supplemental estimates:

($ in millions)

Current
2026 Guidance

Previous
2026 Guidance

Interest expense, net

$178

to

$174

$184

to

$179

Depreciation and amortization

$140

to

$138

$150

to

$148

Tax rate used to calculate adjusted net income attributable to common stockholders

31%

to

29%

31%

to

29%

Non-GAAP Financial Information
Non-GAAP Financial Measures are reconciled and adjustments are shown and described in further detail in the Financial Schedules that follow. Please see page A-17 for additional information about our reasons for providing these alternative financial measures and limitations on their use. In addition to the foregoing Non-GAAP Financial Measures, we present certain key metrics as performance measures which are further described in our most recent Annual Report on Form 10-K, and which may be updated in our periodic filings with the U.S. Securities and Exchange Commission.

Second Quarter 2026 Financial Results Conference Call
The Company will hold a conference call on August 6, 2026, at 8:30 a.m. ET to discuss these financial results and provide an update on business conditions. Participants may access the call by dialing (888) 396-8049 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's website at ir.mvwc.com. An audio replay of the conference call will be available for 30 days on the Company’s website.

About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

The Company routinely posts important information, including news releases, announcements and other statements about its business and results of operations, that may be deemed material to investors on the Investor Relations section of the Company’s website, www.marriottvacationsworldwide.com. The Company uses its website as a means of disclosing material, nonpublic information and for complying with the Company’s disclosure obligations under Regulation FD. Investors should monitor the Investor Relations section of the Company’s website in addition to following the Company’s press releases, filings with the SEC, public conference calls and webcasts.

Note on forward-looking statements
This press release and accompanying schedules contain “forward-looking statements” within the meaning of federal securities laws, including statements about expectations, plans, objectives, outlook and prospects for future performance and growth; expected asset dispositions; and its full year 2026 outlook and guidance for contract sales, results of operations and cash flows.

Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “might,” “should,” “could” or the negative of these terms or similar expressions. The Company cautions you that these statements are not guarantees of future performance and are subject to numerous and evolving risks and uncertainties that we may not be able to predict or assess, such as: uncertainty in the current global macroeconomic environment created by rapid governmental policy and regulatory changes, including those affecting international trade or travel; future health crises and related governmental responses and their potential adverse effects; variations in demand for vacation ownership and exchange products and services; failure of vendors and other third parties to timely comply with their contractual obligations; worker absenteeism; our ability to attract and retain our global workforce; price inflation; difficulties associated with implementing new or maintaining existing technologies; the ability to integrate artificial intelligence (“AI”) technologies successfully while managing and mitigating related operational, legal, intellectual property, data security and reputational risks; changes in privacy and other laws and regulations affecting our business; instability, disruptions, or distress in the banking system or financial institutions; impacts of severe weather events, climate conditions or natural or man-made disasters; delinquency and default rates in our financing business; global supply chain disruptions; volatility in the international and national economies and credit markets; the impacts of ongoing global conflicts and related sanctions or geopolitical measures; competitive conditions; the availability of capital to finance growth; the impact of changes in interest rates; the effects of steps we have taken and may continue to take to reduce operating costs and accelerate growth and profitability; political or social strife; and other matters referred to under the heading “Risk Factors” in our most recent Annual Report on Form 10-K, and which may be updated in our future periodic filings with the U.S. Securities and Exchange Commission.

All forward-looking statements in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. There may be other risks and uncertainties that we cannot predict at this time or that we currently do not expect will have a material adverse effect on our financial position, results of operations or cash flows. Any such risks could cause our results to differ materially from those we express in forward-looking statements.

Financial Schedules Follow

MARRIOTT VACATIONS WORLDWIDE CORPORATION
FINANCIAL SCHEDULES
QUARTER 2, 2026

TABLE OF CONTENTS

Summary Financial Information and Adjusted EBITDA by Segment

A-1

Interim Consolidated Statements of Income

A-2

Adjusted Net Income Attributable to Common Stockholders

Adjusted Earnings Per Share - Diluted

A-3

Adjusted EBITDA

A-4

Segment Adjusted EBITDA

Vacation Ownership

 A-5

Exchange & Third-Party Management

  Contract Sales to Development Profit

A-6

Supplemental Information

A-7

to

A-10

Interim Consolidated Balance Sheets

A-11

Interim Consolidated Statements of Cash Flows

A-12

Free Cash Flow and Adjusted Free Cash Flow

A-14

2026 Outlook - Adjusted Free Cash Flow

A-15

Quarterly Operating Metrics

A-16

Non-GAAP Financial Measures

A-17

A-1

MARRIOTT VACATIONS WORLDWIDE CORPORATION

SUMMARY FINANCIAL INFORMATION

(In millions, except per share amounts)

(Unaudited)

Three Months Ended

Change %

Six Months Ended

Change %

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

GAAP Measures

Revenues

$

1,320

$

1,246

6%

$

2,577

$

2,446

5%

Revenues excluding cost reimbursements

$

920

$

839

10%

$

1,747

$

1,666

5%

Income before income taxes and noncontrolling interests

$

114

$

94

21%

$

159

$

196

(19%)

Net income attributable to common stockholders

$

77

$

69

11%

$

99

$

125

(21%)

Diluted shares

38.2

41.7

(8%)

38.0

41.9

(9%)

Earnings per share - diluted

$

2.12

$

1.77

20%

$

2.82

$

3.23

(13%)

Non-GAAP Measures*

Adjusted EBITDA

$

215

$

203

6%

$

376

$

395

(5%)

Adjusted pretax income

$

126

$

110

14%

$

198

$

216

(9%)

Adjusted net income attributable to common stockholders

$

84

$

77

9%

$

127

$

142

(10%)

Adjusted earnings per share - diluted

$

2.31

$

1.96

18%

$

3.56

$

3.62

(2%)

* Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

A-2

MARRIOTT VACATIONS WORLDWIDE CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share amounts)

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

REVENUES

Sale of vacation ownership products

$

430

$

370

$

773

$

725

Management and exchange

225

219

441

434

Rental

173

160

349

329

Financing

92

90

184

178

Cost reimbursements

400

407

830

780

TOTAL REVENUES

1,320

1,246

2,577

2,446

EXPENSES

Cost of vacation ownership products

43

41

89

83

Marketing and sales

281

237

523

471

Management and exchange

121

121

241

238

Rental

140

125

280

248

Financing

42

37

83

73

Royalty fee

29

28

57

56

General and administrative

62

61

126

122

Depreciation and amortization

32

38

66

76

Litigation charges

(1

)

5

1

12

Modernization†

10

34

26

44

Restructuring†

—

—

6

—

Impairment†

—

—

—

2

Cost reimbursements

400

407

830

780

TOTAL EXPENSES

1,159

1,134

2,328

2,205

(Losses) gains and other (expense) income, net

(4

)

24

(2

)

37

Interest expense, net

(43

)

(42

)

(87

)

(82

)

Other

—

—

(1

)

—

INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS

114

94

159

196

Provision for income taxes

(37

)

(25

)

(60

)

(70

)

NET INCOME

77

69

99

126

Net income attributable to noncontrolling interests

—

—

—

(1

)

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

$

77

$

69

$

99

$

125

EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Basic shares

34.8

34.9

34.7

35.0

Basic

$

2.21

$

1.98

$

2.86

$

3.59

Diluted shares

38.2

41.7

38.0

41.9

Diluted

$

2.12

$

1.77

$

2.82

$

3.23

† Prior year amounts have been reclassified to conform with our current year presentation. Please see “Non-GAAP Financial Measures” for additional information.

A-3

MARRIOTT VACATIONS WORLDWIDE CORPORATION

ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS AND

ADJUSTED EARNINGS PER SHARE - DILUTED

(In millions, except per share amounts)

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income attributable to common stockholders

$

77

$

69

$

99

$

125

Provision for income taxes

37

25

60

70

Income before income taxes attributable to common stockholders

114

94

159

195

Certain items:

Loss (gain) on disposition of hotel, land, and other

1

—

(2

)

—

Foreign currency

2

(18

)

5

(21

)

Insurance proceeds

—

(1

)

—

(8

)

Change in indemnification asset

2

(3

)

5

(3

)

Change in estimates relating to pre-acquisition contingencies

—

—

(4

)

(2

)

Other

(1

)

(2

)

(2

)

(3

)

Losses (gains) and other expense (income), net

4

(24

)

2

(37

)

Litigation charges

(1

)

5

1

12

Modernization†

10

34

26

44

Restructuring†

—

—

6

—

Impairment†

—

—

—

2

Other

(1

)

1

4

—

Adjusted pretax income*

126

110

198

216

Provision for income taxes

(42

)

(33

)

(71

)

(74

)

Adjusted net income attributable to common stockholders*

$

84

$

77

$

127

$

142

Diluted shares

38.2

41.7

38.0

41.9

Adjusted earnings per share - Diluted*

$

2.31

$

1.96

$

3.56

$

3.62

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

† Prior year amounts have been reclassified to conform with our current year presentation. Please see “Non-GAAP Financial Measures” for additional information.

A-4

MARRIOTT VACATIONS WORLDWIDE CORPORATION

ADJUSTED EBITDA

(In millions)

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income attributable to common stockholders

$

77

$

69

$

99

$

125

Interest expense, net

43

42

87

82

Provision for income taxes

37

25

60

70

Depreciation and amortization

32

38

66

76

Share-based compensation

12

12

22

19

Amortization of cloud computing software implementation costs

2

1

3

2

Certain items:

Loss (gain) on disposition of hotel, land, and other

1

—

(2

)

—

Foreign currency

2

(18

)

5

(21

)

Insurance proceeds

—

(1

)

—

(8

)

Change in indemnification asset

2

(3

)

5

(3

)

Change in estimates relating to pre-acquisition contingencies

—

—

(4

)

(2

)

Other

(1

)

(2

)

(2

)

(3

)

Losses (gains) and other expense (income), net

4

(24

)

2

(37

)

Litigation charges

(1

)

5

1

12

Modernization†

10

34

26

44

Restructuring†

—

—

6

—

Impairment†

—

—

—

2

Other

(1

)

1

4

—

Adjusted EBITDA*

$

215

$

203

$

376

$

395

Adjusted EBITDA Margin*

23.4%

24.3%

21.5%

23.7%

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

  † Prior year amounts have been reclassified to conform with our current year presentation. Please see “Non-GAAP Financial Measures” for additional information.

A-5

MARRIOTT VACATIONS WORLDWIDE CORPORATION

(In millions)

(Unaudited)

VACATION OWNERSHIP SEGMENT ADJUSTED EBITDA

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Segment financial results attributable to common stockholders†

$

219

$

197

$

386

$

395

Depreciation and amortization

22

28

46

54

Share-based compensation

2

3

4

4

Amortization of cloud computing software implementation costs

2

1

3

2

Certain items:

Loss (gain) on disposition of hotel, land, and other

1

—

(2

)

—

Insurance proceeds

—

—

—

(7

)

Change in estimates relating to pre-acquisition contingencies

—

—

(4

)

(2

)

Other

—

(1

)

—

(1

)

Losses (gains) and other expense (income), net

1

(1

)

(6

)

(10

)

Litigation charges

—

3

1

7

Segment Adjusted EBITDA*

$

246

$

231

$

434

$

452

Segment Adjusted EBITDA Margin*

28.9%

29.8%

27.0%

29.5%

EXCHANGE & THIRD-PARTY MANAGEMENT SEGMENT ADJUSTED EBITDA

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Segment financial results attributable to common stockholders

$

17

$

16

$

36

$

34

Depreciation and amortization

5

7

10

14

Share-based compensation

—

—

1

1

Certain items:

Impairment†

—

—

—

2

Other

—

—

(1

)

—

Segment Adjusted EBITDA*

$

22

$

23

$

46

$

51

Segment Adjusted EBITDA Margin*

43.3%

45.9%

44.1%

47.5%

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

  † Prior year amounts have been reclassified to conform with our current year presentation. Please see “Non-GAAP Financial Measures” for additional information.

A-6

MARRIOTT VACATIONS WORLDWIDE CORPORATION

CONTRACT SALES TO DEVELOPMENT PROFIT

(In millions)

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Contract sales

$

545

$

445

$

956

$

865

Less resales contract sales

(10

)

(7

)

(16

)

(16

)

Contract sales, net of resales

535

438

940

849

Plus:

Settlement revenue

12

11

22

20

Resales revenue

4

5

6

9

Revenue recognition adjustments:

Reportability

(20

)

2

(22

)

7

Sales reserve

(72

)

(58

)

(122

)

(108

)

Other(1)

(29

)

(28

)

(51

)

(52

)

Sale of vacation ownership products

430

370

773

725

Less:

Cost of vacation ownership products

(43

)

(41

)

(89

)

(83

)

Marketing and sales

(281

)

(237

)

(523

)

(471

)

Development Profit

$

106

$

92

161

171

Development Profit Margin

24.6%

24.7%

20.8%

23.5%

  (1) Adjustment for sales incentives that will not be recognized as Sale of vacation ownership products revenue and other adjustments to Sale of vacation ownership products revenue.

A-7

MARRIOTT VACATIONS WORLDWIDE CORPORATION

SUPPLEMENTAL INFORMATION

(In millions and Unaudited)

Three Months Ended

June 30, 2026

June 30, 2025

Change

DEVELOPMENT PROFIT

Sale of vacation ownership products revenue

$

430

$

370

16%

Cost of vacation ownership products expense

(43

)

(41

)

(2%)

Marketing and sales expense

(281

)

(237

)

(19%)

Development Profit

106

92

16%

Development Profit Margin

24.6%

24.7%

(10 bps)

MANAGEMENT AND EXCHANGE PROFIT

Vacation Ownership Segment

166

165

1%

Exchange & Third-Party Management Segment

42

41

2%

Corporate and Other(1)

17

13

31%

Management and Exchange Revenue

225

219

3%

Vacation Ownership Segment

(73

)

(76

)

3%

Exchange & Third-Party Management Segment

(28

)

(29

)

1%

Corporate and Other(1)

(20

)

(16

)

(21%)

Management and Exchange Expense

(121

)

(121

)

(1%)

Management and Exchange Profit

104

98

6%

Management and Exchange Profit Margin

46.1%

44.9%

120 bps

RENTAL PROFIT

Vacation Ownership Segment

165

150

9%

Exchange & Third-Party Management Segment

8

10

(16%)

Corporate and Other(1)

—

—

NM

Rental Revenue

173

160

7%

Vacation Ownership Segment

(143

)

(129

)

(11%)

Exchange & Third-Party Management Segment

—

—

NM

Corporate and Other(1)

3

4

(19%)

Rental Expense

(140

)

(125

)

(11%)

Rental Profit

33

35

(7%)

Rental Profit Margin

19.4%

22.3%

(290 bps)

FINANCING PROFIT

Financing Revenue

92

90

3%

Financing Expense

(42

)

(37

)

(14%)

Financing Profit

50

53

(5%)

Financing Profit Margin

54.3%

58.8%

(450 bps)

OTHER

General and administrative

(62

)

(61

)

(3%)

Royalty fee

(29

)

(28

)

—%

Other(2)

13

14

(14%)

ADJUSTED EBITDA*

$

215

$

203

6%

Adjusted EBITDA Margin

23.4%

24.3%

(90 bps)

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

(1) Amounts included in Corporate and other represent the impact of the consolidation of certain owners’ associations under the Financial Accounting Standards Board Accounting Standard Codification Topic 810, “Consolidation,” and represents the portion attributable to individual or third-party vacation ownership interest owners.

(2) Includes share-based compensation, amortization of cloud computing software implementation costs, net income or loss attributable to noncontrolling interests, and other.

NM = Not meaningful

A-8

MARRIOTT VACATIONS WORLDWIDE CORPORATION

SUPPLEMENTAL INFORMATION

(In millions and Unaudited)

Six Months Ended

June 30, 2026

June 30, 2025

Change

DEVELOPMENT PROFIT

Sale of vacation ownership products revenue

$

773

$

725

7%

Cost of vacation ownership products expense

(89

)

(83

)

(6%)

Marketing and sales expense

(523

)

(471

)

(11%)

Development Profit

161

171

(5%)

Development Profit Margin

20.8%

23.5%

(270 bps)

MANAGEMENT AND EXCHANGE PROFIT

Vacation Ownership Segment

322

320

1%

Exchange & Third-Party Management Segment

86

87

(2%)

Corporate and Other(1)

33

27

20%

Management and Exchange Revenue

441

434

1%

Vacation Ownership Segment

(145

)

(148

)

2%

Exchange & Third-Party Management Segment

(58

)

(58

)

—%

Corporate and Other(1)

(38

)

(32

)

(18%)

Management and Exchange Expense

(241

)

(238

)

(1%)

Management and Exchange Profit

200

196

2%

Management and Exchange Profit Margin

45.4%

45.3%

10 bps

RENTAL PROFIT

Vacation Ownership Segment

332

309

7%

Exchange & Third-Party Management Segment

17

20

(14%)

Corporate and Other(1)

—

—

NM

Rental Revenue

349

329

6%

Vacation Ownership Segment

(286

)

(255

)

(12%)

Exchange & Third-Party Management Segment

—

—

NM

Corporate and Other(1)

6

7

(14%)

Rental Expense

(280

)

(248

)

(13%)

Rental Profit

69

81

(15%)

Rental Profit Margin

19.8%

24.7%

(490 bps)

FINANCING PROFIT

Financing Revenue

184

178

4%

Financing Expense

(83

)

(73

)

(14%)

Financing Profit

101

105

(3%)

Financing Profit Margin

55.0%

59.0%

(400 bps)

OTHER

General and administrative

(126

)

(122

)

(4%)

Royalty fee

(57

)

(56

)

(1%)

Other(2)

28

20

37%

ADJUSTED EBITDA*

$

376

$

395

(5%)

Adjusted EBITDA Margin

21.5%

23.7%

(220 bps)

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

(1) Amounts included in Corporate and other represent the impact of the consolidation of certain owners’ associations under the Financial Accounting Standards Board Accounting Standard Codification Topic 810, “Consolidation,” and represents the portion attributable to individual or third-party vacation ownership interest owners.

(2) Includes share-based compensation, amortization of cloud computing software implementation costs, net income or loss attributable to noncontrolling interests, and other.

NM = Not meaningful

A-9

MARRIOTT VACATIONS WORLDWIDE CORPORATION

SUPPLEMENTAL INFORMATION - MANAGEMENT AND EXCHANGE REVENUE

(In millions and Unaudited)

Three Months Ended

June 30, 2026

June 30, 2025

Change

ANCILLARY REVENUE

Vacation Ownership Segment

$

74

$

75

(2%)

Exchange & Third-Party Management Segment

1

1

16%

Corporate and Other(1)

—

—

NM

Ancillary Revenue

75

76

(1%)

MANAGEMENT FEE REVENUE

Vacation Ownership Segment

56

55

1%

Exchange & Third-Party Management Segment

2

1

84%

Corporate and Other(1)

—

—

NM

Management Fee Revenue

58

56

3%

EXCHANGE AND OTHER SERVICES REVENUE

Vacation Ownership Segment

36

35

5%

Exchange & Third-Party Management Segment

39

39

(1%)

Corporate and Other(1)

17

13

29%

Exchange and Other Services Revenue

92

87

6%

TOTAL MANAGEMENT AND EXCHANGE REVENUE

$

225

$

219

3%

  (1) Amounts included in Corporate and other represent the impact of the consolidation of certain owners’ associations under the Financial Accounting Standards Board Accounting Standard Codification Topic 810, “Consolidation,” and represents the portion attributable to individual or third-party vacation ownership interest owners.

A-10

MARRIOTT VACATIONS WORLDWIDE CORPORATION

SUPPLEMENTAL INFORMATION - MANAGEMENT AND EXCHANGE REVENUE

(In millions and Unaudited)

Six Months Ended

June 30, 2026

June 30, 2025

Change

ANCILLARY REVENUE

Vacation Ownership Segment

$

139

$

140

(1%)

Exchange & Third-Party Management Segment

2

2

8%

Corporate and Other(1)

—

—

NM

Ancillary Revenue

141

142

(1%)

MANAGEMENT FEE REVENUE

Vacation Ownership Segment

112

110

1%

Exchange & Third-Party Management Segment

4

4

(9%)

Corporate and Other(1)

(1

)

(1

)

(1%)

Management Fee Revenue

115

113

1%

EXCHANGE AND OTHER SERVICES REVENUE

Vacation Ownership Segment

71

70

3%

Exchange & Third-Party Management Segment

80

81

(2%)

Corporate and Other(1)

34

28

19%

Exchange and Other Services Revenue

185

179

4%

TOTAL MANAGEMENT AND EXCHANGE REVENUE

$

441

$

434

1%

  (1) Amounts included in Corporate and other represent the impact of the consolidation of certain owners’ associations under the Financial Accounting Standards Board Accounting Standard Codification Topic 810, “Consolidation,” and represents the portion attributable to individual or third-party vacation ownership interest owners.

A-11

MARRIOTT VACATIONS WORLDWIDE CORPORATION

INTERIM CONSOLIDATED BALANCE SHEETS

(In millions, except share and per share data)

Unaudited
June 30, 2026

December 31,
2025

ASSETS

Cash and cash equivalents

$

211

$

406

Restricted cash (including $87 and $81 from VIEs, respectively)

302

327

Accounts and contracts receivable, net (including $17 and $15 from VIEs, respectively)

428

428

Vacation ownership notes receivable, net (including $2,082 and $1,900 from VIEs, respectively)

2,587

2,565

Inventory

673

692

Property and equipment, net(1)

940

950

Goodwill

2,958

2,958

Intangibles, net

681

711

Other (including $188 and $168 from VIEs, respectively)

699

720

TOTAL ASSETS

$

9,479

$

9,757

LIABILITIES AND EQUITY

Accounts payable

$

227

$

358

Advance deposits

166

163

Accrued liabilities (including $4 and $4 from VIEs, respectively)

372

376

Deferred revenue and other

416

371

Payroll and benefits liability

215

218

Deferred compensation liability

240

225

Securitized debt, net (including $2,381 and $2,173 from VIEs, respectively)

2,353

2,146

Debt, net

3,100

3,534

Other

119

142

Deferred taxes

214

231

TOTAL LIABILITIES

7,422

7,764

Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding

—

—

Common stock — $0.01 par value; 100,000,000 shares authorized; 75,919,908 and 75,891,531 shares issued, respectively

1

1

Treasury stock — at cost; 41,525,622 and 41,767,498 shares, respectively

(2,413

)

(2,427

)

Additional paid-in capital

4,001

3,996

Accumulated other comprehensive loss

(10

)

(11

)

Retained earnings

478

434

TOTAL MVW STOCKHOLDERS' EQUITY

2,057

1,993

Noncontrolling interests

—

—

TOTAL EQUITY

2,057

1,993

TOTAL LIABILITIES AND EQUITY

$

9,479

$

9,757

The abbreviation VIEs above means Variable Interest Entities.

  (1) Includes $229 million and $224 million at June 30, 2026, and December 31, 2025, respectively, of completed vacation ownership units which are classified as a component of Property and equipment, net until the time at which they are available and legally registered for sale as vacation ownership products.

A-12

MARRIOTT VACATIONS WORLDWIDE CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions and unaudited)

Three Months Ended

June 30, 2026

June 30, 2025

OPERATING ACTIVITIES

Net income

$

99

$

126

Adjustments to reconcile net income to net cash, cash equivalents and restricted cash provided by (used in) operating activities:

Depreciation and amortization of intangibles

66

76

Amortization of debt discount and issuance costs

11

12

Vacation ownership notes and contracts receivable reserve

122

108

Share-based compensation

22

19

Impairment

—

2

Foreign currency remeasurement loss (gain)

5

(21

)

Deferred income taxes

(16

)

(4

)

Net change in assets and liabilities:

Accounts and contracts receivable

(3

)

8

Vacation ownership notes receivable originations

(512

)

(488

)

Vacation ownership notes receivable collections

371

341

Inventory

16

(1

)

Other assets

(17

)

(49

)

Accounts payable, advance deposits and accrued liabilities

(102

)

(108

)

Deferred revenue and other

46

42

Payroll and benefit liabilities

(3

)

(46

)

Deferred compensation liability

(5

)

(1

)

Other liabilities

(20

)

(7

)

Purchase and development of property for future transfer to inventory

—

(49

)

Other, net

(4

)

—

Net cash, cash equivalents and restricted cash provided by (used in) operating activities

76

(40

)

INVESTING ACTIVITIES

Proceeds from disposition of entity

50

—

Capital expenditures for property and equipment (excluding inventory)

(22

)

(34

)

Purchase of company owned life insurance

—

(10

)

Other dispositions, net

—

1

Net cash, cash equivalents and restricted cash provided by (used in) investing activities

28

(43

)

A-13

MARRIOTT VACATIONS WORLDWIDE CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(In millions and unaudited)

Six Months Ended

June 30, 2026

June 30, 2025

FINANCING ACTIVITIES

Borrowings from securitization transactions

982

814

Repayment of debt related to securitization transactions

(774

)

(761

)

Proceeds from debt

1,410

805

Repayments of debt

(1,844

)

(699

)

Finance lease payment

(3

)

(3

)

Payment of debt and securitized debt issuance costs

(6

)

(12

)

Repurchase of common stock

—

(36

)

Payment of dividends

(82

)

(83

)

Payment of withholding taxes on vesting of restricted stock units

(6

)

(6

)

Net cash, cash equivalents and restricted cash (used in) provided by financing activities

(323

)

19

Effect of changes in exchange rates on cash, cash equivalents and restricted cash

(1

)

4

Change in cash, cash equivalents and restricted cash

(220

)

(60

)

Cash, cash equivalents and restricted cash, beginning of period

733

528

Cash, cash equivalents and restricted cash, end of period

$

513

$

468

A-14

MARRIOTT VACATIONS WORLDWIDE CORPORATION

FREE CASH FLOW AND ADJUSTED FREE CASH FLOW

(In millions and unaudited)

Six Months Ended

CASH FLOW

June 30, 2026

June 30, 2025

Cash, cash equivalents, and restricted cash provided by (used in) operating activities

$

76

$

(40

)

Capital expenditures for property and equipment (excluding inventory)

(22

)

(34

)

Borrowings from securitizations, net of repayments

208

53

Securitized debt issuance costs

(6

)

(7

)

Free cash flow*

256

(28

)

Adjustments:

Proceeds from Cancun disposition

50

—

Net change in borrowings available from the securitization of eligible vacation ownership notes receivable(1)

(160

)

(48

)

Other(2)

55

98

Adjusted free cash flow*

$

201

$

22

  * Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use.

(1) Represents the net change in borrowings available from the securitization of eligible vacation ownership notes receivable compared to the prior year end.

(2) Includes the after-tax impact of Modernization costs, restructuring costs, and other, as well as the changes in restricted cash.

A-15

MARRIOTT VACATIONS WORLDWIDE CORPORATION

2026 ADJUSTED FREE CASH FLOW OUTLOOK

(In millions)

Current
Fiscal Year 2026 Guidance

Previous
Fiscal Year 2026 Guidance

Low

High

Low

High

Adjusted EBITDA*

$

805

$

830

$

755

$

780

Cash interest

(170

)

(165

)

(170

)

(165

)

Cash taxes

(150

)

(160

)

(115

)

(120

)

Corporate capital expenditures

(60

)

(70

)

(65

)

(80

)

Inventory

20

30

—

15

Financing activity and other

(35

)

(5

)

(30

)

(5

)

Adjusted free cash flow*

$

410

$

460

$

375

$

425

  The guidance provided above excludes impacts from certain asset sales, foreign currency changes, restructuring costs, litigation charges, modernization costs, transaction and integration costs, and impairments, each of which the Company cannot forecast with sufficient accuracy to factor them into the guidance provided above and without unreasonable efforts, and which may be significant. As a result, the full year 2026 adjusted free cash flow outlook is presented only on a non-GAAP basis and is not reconciled to the most comparable GAAP measures. Where one or more of the currently unavailable items is applicable, some items could be material, individually or in the aggregate, to GAAP reported results.

* Denotes non-GAAP financial measures. Please see “Non-GAAP Financial Measures” for additional information about our reasons for providing these alternative financial measures and limitations on their use. A-16

MARRIOTT VACATIONS WORLDWIDE CORPORATION

QUARTERLY OPERATING METRICS

(Contract sales in millions)

Year

Quarter Ended

Full Year

March 31

June 30

September 30

December 31

Vacation Ownership

Contract sales

2026

$

411

$

545

2025

$

420

$

445

$

439

$

458

$

1,762

2024

$

428

$

449

$

459

$

477

$

1,813

VPG

2026

$

4,016

$

4,477

2025

$

3,979

$

3,631

$

3,700

$

3,894

$

3,794

2024

$

4,129

$

3,741

$

3,888

$

3,916

$

3,911

Tours

2026

95,250

112,721

2025

97,998

114,402

109,609

109,965

431,974

2024

96,579

111,752

110,557

113,828

432,716

Exchange & Third-Party Management

Total active Interval International members(1)

2026

1,507,043

1,474,816

2025

1,537,561

1,507,051

1,499,208

1,507,345

1,507,345

2024

1,565,558

1,530,490

1,544,835

1,545,638

1,545,638

Average revenue per Interval International member

2026

$

39.13

$

36.83

2025

$

39.94

$

37.40

$

37.91

$

35.30

$

150.51

2024

$

41.74

$

38.30

$

38.93

$

35.36

$

154.34

  (1) Includes members at the end of each period.

MARRIOTT VACATIONS WORLDWIDE CORPORATION
NON-GAAP FINANCIAL MEASURES

In our press release and schedules, and on the related conference call, we report certain financial measures that are not prescribed by GAAP. We discuss our reasons for reporting these non-GAAP financial measures below, and the financial schedules included herein reconcile the most directly comparable GAAP financial measure to each non-GAAP financial measure that we report (identified by an asterisk (“*”) on the preceding pages). Although we evaluate and present these non-GAAP financial measures for the reasons described below, please be aware that these non-GAAP financial measures have limitations and should not be considered in isolation or as a substitute for revenues, net income or loss attributable to common stockholders, earnings or loss per share or any other comparable operating measure prescribed by GAAP. In addition, other companies in our industry may calculate these non-GAAP financial measures differently than we do or may not calculate them at all, limiting their usefulness as comparative measures.

Reclassifications
Beginning in the third quarter of 2025, we began separately presenting Modernization expense in our Income Statements. As a result, prior year amounts for the three and six months ended June 30, 2025, were reclassified from Restructuring expense to conform with our current year presentation. Additionally, for the six months ended June 30, 2025, we reclassified $2 million related to the impairment of an operating lease and related assets from Restructuring expense to Impairment expense to conform with our current year presentation.

Certain Items Excluded from Non-GAAP Financial Measures
We evaluate non-GAAP financial measures, including those identified by an asterisk (“*”) on the preceding pages, that exclude certain items as further described in the financial schedules included herein, and believe these measures provide useful information to investors because these non-GAAP financial measures allow for period-over-period comparisons of our ongoing core operations before the impact of these items. These non-GAAP financial measures also facilitate the comparison of results from our ongoing core operations before these items with results from other companies.

Adjusted Development Profit and Adjusted Development Profit Margin
We evaluate Adjusted development profit (Adjusted sale of vacation ownership products, net of expenses) and Adjusted development profit margin as indicators of operating performance. Adjusted development profit margin is calculated by dividing Adjusted development profit by revenues from the Sale of vacation ownership products. Adjusted development profit and Adjusted development profit margin adjust Sale of vacation ownership products revenues for the impact of revenue reportability, include corresponding adjustments to Cost of vacation ownership products associated with the change in revenues from the Sale of vacation ownership products, and may include adjustments for certain items as necessary. We evaluate Adjusted development profit and Adjusted development profit margin and believe they provide useful information to investors because they allow for period-over-period comparisons of our ongoing core operations before the impact of revenue reportability and certain items to our Development profit and Development profit margin.

Earnings Before Interest Expense, Taxes, Depreciation and Amortization (“EBITDA”) and Adjusted EBITDA
EBITDA, a financial measure that is not prescribed by GAAP, is defined as earnings, or net income or loss attributable to common stockholders, before interest expense, net (excluding consumer financing interest expense), income taxes, depreciation and amortization. Adjusted EBITDA reflects additional adjustments for certain items and excludes share-based compensation expense and amortization of cloud computing software implementation costs. Share-based compensation expense is excluded to address considerable variability among companies in recording compensation expense because companies use share-based payment awards differently, both in the type and quantity of awards granted. Amortization of cloud computing software implementation costs, which are not included in depreciation and amortization expense, are excluded from Adjusted EBITDA for comparability purposes to address the considerable variability among companies in the utilization of productive assets.

For purposes of our EBITDA and Adjusted EBITDA calculations, we do not adjust for consumer financing interest expense because we consider it to be an operating expense of our business. We consider Adjusted EBITDA to be an indicator of operating performance, which we use to measure our ability to service debt, fund capital expenditures, expand our business, and return cash to stockholders.

We also use Adjusted EBITDA, as do analysts, lenders, investors and others, because this measure excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company’s capital structure, debt levels and credit ratings. Accordingly, the impact of interest expense on earnings can vary significantly among companies. The tax positions of companies can also vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. As a result, effective tax rates and provisions for income taxes can vary considerably among companies. Adjusted EBITDA also excludes depreciation and amortization, as well as amortization of cloud computing software implementation costs because companies utilize productive assets of different ages and use different methods of both acquiring and depreciating or amortizing productive assets. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies. We believe Adjusted EBITDA is useful as an indicator of operating performance because it allows for period-over-period comparisons of our ongoing core operations before the impact of the excluded items. Adjusted EBITDA also facilitates comparison by us, analysts, investors, and others, of results from our ongoing core operations before the impact of these items with results from other companies.

Commencing in the first quarter of 2026, interest expense associated with our Warehouse Credit Facility is included as a component of Consumer financing interest expense within Financing expense. For the three and six months ended June 30, 2025, interest expense associated with our Warehouse Credit Facility is included as a component of Interest expense, net. Interest expense on our Warehouse Credit Facility was $2 million and $5 million for the three and six months ended June 30, 2026, respectively, and $3 million and $7 million for the three and six months ended June 30, 2025, respectively.

Adjusted EBITDA Margin and Segment Adjusted EBITDA Margin
We evaluate Adjusted EBITDA margin and Segment Adjusted EBITDA margin as indicators of operating profitability. Adjusted EBITDA margin represents Adjusted EBITDA divided by the Company’s total revenues less cost reimbursement revenues. Segment Adjusted EBITDA margin represents Segment Adjusted EBITDA divided by the applicable segment’s total revenues less cost reimbursement revenues. We evaluate Adjusted EBITDA margin and Segment Adjusted EBITDA margin and believe it provides useful information to investors because it allows for period-over-period comparisons of our ongoing core operations before the impact of excluded items.

Adjusted Pretax Income, Adjusted Net Income Attributable to Common Stockholders, and Adjusted Earnings per Share - Diluted
We evaluate Adjusted pretax income, Adjusted net income attributable to common stockholders, and Adjusted earnings per share - diluted as indicators of operating performance. Adjusted pretax income is calculated as Adjusted EBITDA less depreciation and amortization, interest expense, net of interest income, share-based compensation expense and amortization of cloud computing software implementation costs. Adjusted net income attributable to common stockholders is calculated as Adjusted pretax income less provision for income tax adjusted for certain items and Adjusted earnings per share - diluted equals adjusted net income attributable to common stockholders divided by diluted shares. We evaluate these measures because we believe they provide useful information to investors because they allow for period-over-period comparisons of our ongoing core operations before the impact of certain non-recurring items such as impacts from asset sales, foreign currency changes, restructuring costs, litigation charges, modernization costs, transaction and integration costs, and impairments, and also facilitate the comparison of results from our ongoing core operations before these items with results from other companies.

Free Cash Flow and Adjusted Free Cash Flow
We evaluate Free Cash Flow and Adjusted Free Cash Flow as liquidity measures that provide useful information to management and investors about the amount of cash provided by operating activities after capital expenditures for property and equipment and the borrowing and repayment activity related to our term securitizations, which cash can be used for, among other purposes, strategic opportunities, including acquisitions and strengthening the balance sheet. Adjusted Free Cash Flow, which reflects additional adjustments to Free Cash Flow for the impact of transaction, integration, restructuring, and modernization costs, litigation charges, insurance proceeds, impact of borrowings available from the securitization of eligible vacation ownership notes receivable, and changes in restricted cash and other items, allows for period-over-period comparisons of the cash generated by our business before the impact of these items. Analysis of Free Cash Flow and Adjusted Free Cash Flow also facilitates management’s comparison of our results with our competitors’ results.

Net Corporate Leverage
Net corporate leverage ratio represents gross corporate debt, less cash and cash equivalents, divided by Adjusted EBITDA realized over the last twelve months. The Company's corporate debt is composed of its corporate credit facility, senior unsecured notes, convertible notes, and finance leases. Management uses this measure to evaluate balance sheet strength, financial flexibility, and progress toward its leverage objectives. We believe net corporate leverage is an important measure of financial strength because it provides insight into our ability to invest in growth and return capital to shareholders.

Marriott Vacations Worldwide (VAC - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis timeshare company is expected to post quarterly earnings of $1.98 per share in its upcoming report, which represents a year-over-year change of +1%.

Revenues are expected to be $1.28 billion, up 2.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Marriott Vacations Worldwide?For Marriott Vacations Worldwide, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +5.26%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Marriott Vacations Worldwide will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Marriott Vacations Worldwide would post earnings of $1.6 per share when it actually produced earnings of $1.24, delivering a surprise of -22.50%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Marriott Vacations Worldwide appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsExpedia (EXPE - Free Report) , another stock in the Zacks Leisure and Recreation Services industry, is expected to report earnings per share of $5.45 for the quarter ended June 2026. This estimate points to a year-over-year change of +28.5%. Revenues for the quarter are expected to be $4.18 billion, up 10.5% from the year-ago quarter.

The consensus EPS estimate for Expedia has been revised 0.6% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.52%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Expedia will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

On July 23, 2026, Marriott Vacations Worldwide Corp (VAC) shares fell 3.3% to a current price of $93.82. The stock is trading within a 52-week range of $44.58 t

ORLANDO, Fla.--(BUSINESS WIRE)--The Marriott Vacation Clubs™, a portfolio of premium vacation ownership brands operated by Marriott Vacations Worldwide, today launched Inner Circle presented by Aflac, a new owner-exclusive experiences platform offering access to private concerts, culinary programming, sporting events and curated travel moments across sought-after destinations. As travelers increasingly prioritize experiences and meaningful access, Inner Circle reflects growing demand for entert.

Ross Bhappu, Energy Fuels CEO, joins 'Power Lunch' to discuss the company's latest acquisition, the products the company helps with and much more.

-

ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the first quarter 2026 on Tuesday, May 5th and host a conference call 8:30 a.m. ET that morning to discuss the Company’s results.

Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company’s website at ir.mvwc.com.

An audio replay of the conference call will be available at ir.mvwc.com for 30 days. To access the replay, dial (877) 660-6853 or (201) 612-7415 for international callers. The conference ID for the recording is 13759388.

About Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit http://www.marriottvacationsworldwide.com.

More News From Marriott Vacations Worldwide Corporation

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The market expects Marriott Vacations Worldwide (VAC - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis timeshare company is expected to post quarterly earnings of $1.57 per share in its upcoming report, which represents a year-over-year change of -5.4%.

Revenues are expected to be $1.2 billion, down 0.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.61% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Marriott Vacations Worldwide?For Marriott Vacations Worldwide, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.88%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Marriott Vacations Worldwide will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Marriott Vacations Worldwide would post earnings of $1.72 per share when it actually produced earnings of $1.86, delivering a surprise of +8.14%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Marriott Vacations Worldwide appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Leisure and Recreation Services industry, Royal Caribbean (RCL - Free Report) , is soon expected to post earnings of $3.2 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +18.1%. This quarter's revenue is expected to be $4.45 billion, up 11.2% from the year-ago quarter.

The consensus EPS estimate for Royal Caribbean has been revised 7.2% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.41%.

When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Royal Caribbean will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when Expedia (EXPE - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis online travel company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of +252.5%.

Revenues are expected to be $3.34 billion, up 11.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.33% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Expedia?For Expedia, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +10.04%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Expedia will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Expedia would post earnings of $3.46 per share when it actually produced earnings of $3.78, delivering a surprise of +9.25%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Expedia appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Leisure and Recreation Services industry, Marriott Vacations Worldwide (VAC - Free Report) , is soon expected to post earnings of $1.57 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -5.4%. This quarter's revenue is expected to be $1.2 billion, down 0.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Marriott Vacations Worldwide has been revised 6.6% up to the current level. Nevertheless, the company now has an Earnings ESP of +2.88%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Marriott Vacations Worldwide will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.