Marriott Vacations Worldwide (VAC) Gross Margin (2011 - 2026)
Marriott Vacations Worldwide's (VAC) quarterly Gross Margin came in at 97.6% in Q1 2026, up 11.0% year-on-year from 87.92% in Q1 2025, and little changed quarter-over-quarter from 97.73% in Q4 2025.
Marriott Vacations Worldwide (VAC) Gross Margin (2011 - 2026) Analysis & Trends
Marriott Vacations Worldwide's Gross Margin history runs 16 years deep, the most recent figure standing at 97.6% for Q1 2026.
- On a quarterly basis, Gross Margin rose 11.0% year-over-year to 97.6% in Q1 2026; TTM through Mar 2026 was 97.61%, a 7.0% increase from a year earlier, with the FY2025 full-year figure at 97.58%, up 5.0% from the prior year.
- Gross Margin was little changed at 97.6% in Q1 2026 per VAC's latest filing, from 97.73% in the prior quarter.
- Across five years, Gross Margin topped out at 97.73% in Q4 2025 and bottomed at 97.25% in Q2 2024.
- The 5-year median for Gross Margin is 97.53% (2025), against an average of 97.52%.
- Across the five-year window, Gross Margin jumped 100 bps in 2022 and decreased 17 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 97.47% in 2022, then rose by 0 bps to 97.57% in 2023, then grew by 0 bps to 97.66% in 2024, then increased by 0 bps to 97.73% in 2025, then decreased by 0 bps to 97.6% in 2026.
- Per Business Quant, the three latest VAC Gross Margin figures stand at 97.6% (Q1 2026), 97.73% (Q4 2025), and 97.53% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 97.43% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 97.02% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 94.08% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 98.68% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 96.69% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 95.41% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 85.38% |
| 10 | Marriott Vacations Worldwide | 3.28 Bn | 3.02 Bn | 1.14 Bn | 97.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.60% |
| Dec 31, 2025 | 97.73% |
| Sep 30, 2025 | 97.53% |
| Jun 30, 2025 | 97.58% |
| Mar 31, 2025 | 97.48% |
| Dec 31, 2024 | 97.66% |
| Sep 30, 2024 | 97.70% |
| Jun 30, 2024 | 97.25% |
| Mar 31, 2024 | 97.66% |
| Dec 31, 2023 | 97.57% |
| Sep 30, 2023 | 97.47% |
| Jun 30, 2023 | 97.36% |
| Mar 31, 2023 | 97.34% |
| Dec 31, 2022 | 97.47% |
| Sep 30, 2022 | 97.62% |
| Jun 30, 2022 | 97.34% |
| Mar 31, 2022 | 97.43% |
| Dec 31, 2021 | 96.63% |
| Sep 30, 2021 | 97.36% |
| Jun 30, 2021 | 97.24% |