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
DateValue
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%