Marriott Vacations Worldwide (VAC) Operating Margin (2017 - 2026)
Marriott Vacations Worldwide (VAC) reported Operating Margin of -10.83% for Q2 2026, up 3.21 percentage points from -14.04% a year earlier and up 6.51 percentage points from the prior quarter.
Marriott Vacations Worldwide (VAC) Operating Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Marriott Vacations Worldwide's Operating Margin came in at -26.98%, down 13.27 percentage points year-over-year; for FY2025, it was -27.03%, down 13.48 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, though with a five-year change of +9.15 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -13.55% in FY2024 (-1.24 pp), -12.31% in FY2023 (-5.20 pp), -7.11% in FY2022 (+9.99 pp) and -17.10% in FY2021 (+19.08 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q2 2023.
- Year over year, Operating Margin gained in three of the last eight quarters, with an average year-over-year change of -6.49 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 22.57 percentage points); the low point was Q4 2025 (a drop of 40.87 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -17.34% (Q1 2026), -57.90% (Q4 2025) and -21.06% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 25.68% |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 27.05% |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 29.40% |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 26.32% |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | - |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | -9.36% |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | -71.84% |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 31.05% |
| 10 | Marriott Vacations Worldwide | 3.60 Bn | 2.24 Bn | 1.02 Bn | -10.83% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.83% |
| Mar 31, 2026 | -17.34% |
| Dec 31, 2025 | -57.90% |
| Sep 30, 2025 | -21.06% |
| Jun 30, 2025 | -14.04% |
| Mar 31, 2025 | -12.75% |
| Dec 31, 2024 | -17.03% |
| Sep 30, 2024 | -10.88% |
| Jun 30, 2024 | -14.56% |
| Mar 31, 2024 | -11.63% |
| Dec 31, 2023 | -13.90% |
| Sep 30, 2023 | -15.09% |
| Jun 30, 2023 | -9.59% |
| Mar 31, 2023 | -10.61% |
| Dec 31, 2022 | -6.65% |
| Sep 30, 2022 | -5.03% |
| Jun 30, 2022 | -5.33% |
| Mar 31, 2022 | -12.07% |
| Dec 31, 2021 | -13.09% |
| Sep 30, 2021 | -13.02% |
Marriott Vacations Worldwide Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=VAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "VAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=VAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();