Marriott Vacations Worldwide (VAC) Operating Margin (2011 - 2026)
Marriott Vacations Worldwide (VAC) posted quarterly Operating Margin of 2.75% for Q1 2026, down 392.0% year-over-year from 0.94% in Q1 2025, and up 94.08% quarter-over-quarter from 46.39% in Q4 2025.
Marriott Vacations Worldwide (VAC) Operating Margin (2011 - 2026) Analysis & Trends
Marriott Vacations Worldwide's Operating Margin history runs 16 years deep, the most recent figure standing at 2.75% for Q1 2026.
- In Q1 2026, Operating Margin fell 392.0% year-over-year to 2.75%; the TTM figure through Mar 2026 stood at 14.71% (down 1516.0% YoY), while the FY2025 annual figure was 13.91%, down 1465.0% from the prior year.
- Operating Margin for Q1 2026 stood at 2.75%, up from 46.39% in the prior quarter.
- The five-year high for Operating Margin was 13.97% in Q4 2022, with the low at 46.39% in Q4 2025.
- The 5-year median for Operating Margin is 4.31% (2023), against an average of 1.34%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin soared 2972 bps in 2022, then plunged 4534 bps in 2025.
- Marriott Vacations Worldwide's Operating Margin stood at 13.97% in 2022, then tumbled by 56 bps to 6.11% in 2023, then plunged by 117 bps to 1.05% in 2024, then sank by 4324 bps to 46.39% in 2025, then surged by 94 bps to 2.75% in 2026.
- Business Quant data shows VAC's Operating Margin at 2.75% in Q1 2026, 46.39% in Q4 2025, and 7.33% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 16.03% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 19.40% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 17.14% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | 41.00% |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 10.00% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | -56.55% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 26.65% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 7.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.00% |
| Mar 31, 2026 | -2.75% |
| Dec 31, 2025 | -46.39% |
| Sep 30, 2025 | -7.33% |
| Jun 30, 2025 | -0.52% |
| Mar 31, 2025 | 1.17% |
| Dec 31, 2024 | -1.05% |
| Sep 30, 2024 | 2.71% |
| Jun 30, 2024 | -1.14% |
| Mar 31, 2024 | 9.12% |
| Dec 31, 2023 | 6.11% |
| Sep 30, 2023 | 6.32% |
| Jun 30, 2023 | 6.01% |
| Mar 31, 2023 | 4.31% |
| Dec 31, 2022 | 13.97% |
| Sep 30, 2022 | 11.71% |
| Jun 30, 2022 | 9.71% |
| Mar 31, 2022 | 10.84% |
| Dec 31, 2021 | -15.75% |
| Sep 30, 2021 | 6.21% |