Marriott Vacations Worldwide annual operating margin
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Marriott Vacations Worldwide Operating Margin Growth & History (VAC)
Marriott Vacations Worldwide's operating margin was −11.49% for fiscal 2025.
View full Marriott Vacations Worldwide company overviewMarriott Vacations Worldwide annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −11.49% | −14.69 pp |
| 2024 | 2024-12-31 | 3.20% | −1.66 pp |
| 2023 | 2023-12-31 | 4.86% | −6.40 pp |
| 2022 | 2022-12-31 | 11.25% | +6.23 pp |
| 2021 | 2021-12-31 | 5.02% | +18.96 pp |
| 2020 | 2020-12-31 | −13.94% | −18.53 pp |
| 2019 | 2019-12-31 | 4.59% | +1.58 pp |
| 2018 | 2018-12-31 | 3.02% | −2.40 pp |
| 2017 | 2017-12-31 | 5.42% | +1.52 pp |
| 2016 | 2016-12-30 | 3.90% | −8.14 pp |
| 2015 | 2016-01-01 | 12.04% | +2.92 pp |
| 2014 | 2015-01-02 | 9.12% | +0.89 pp |
| 2013 | 2014-01-03 | 8.23% | +6.03 pp |
| 2012 | 2012-12-28 | 2.20% | +15.93 pp |
| 2011 · Dec 30 | 2011-12-30 | −13.73% | −19.29 pp |
| 2010 | 2010-12-31 | 5.56% | +44.09 pp |
| 2009 | 2010-01-01 | −38.53% | — |
Marriott Vacations Worldwide quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.62% | +3.72 pp |
| Q1 2026 | 2026-03-31 | −0.34% | −4.03 pp |
| Q4 2025 | 2025-12-31 | −44.11% | −45.40 pp |
| Q3 2025 | 2025-09-30 | −4.86% | −9.87 pp |
| Q2 2025 | 2025-06-30 | 1.90% | +0.29 pp |
| Q1 2025 | 2025-03-31 | 3.69% | −1.17 pp |
| Q4 2024 | 2024-12-31 | 1.29% | −0.42 pp |
| Q3 2024 | 2024-09-30 | 5.01% | +2.84 pp |
| Q2 2024 | 2024-06-30 | 1.61% | −7.04 pp |
| Q1 2024 | 2024-03-31 | 4.86% | −2.11 pp |
| Q4 2023 | 2023-12-31 | 1.71% | −9.08 pp |
| Q3 2023 | 2023-09-30 | 2.17% | −11.92 pp |
| Q2 2023 | 2023-06-30 | 8.65% | −3.71 pp |
| Q1 2023 | 2023-03-31 | 6.97% | −0.17 pp |
| Q4 2022 | 2022-12-31 | 10.79% | +1.74 pp |
| Q3 2022 | 2022-09-30 | 14.09% | +5.24 pp |
| Q2 2022 | 2022-06-30 | 12.36% | +7.86 pp |
| Q1 2022 | 2022-03-31 | 7.14% | +12.71 pp |
| Q4 2021 | 2021-12-31 | 9.05% | +6.77 pp |
| Q3 2021 | 2021-09-30 | 8.85% | +23.89 pp |
| Q2 2021 | 2021-06-30 | 4.50% | +31.57 pp |
| Q1 2021 | 2021-03-31 | −5.57% | +7.43 pp |
| Q4 2020 | 2020-12-31 | 2.28% | −11.52 pp |
| Q3 2020 | 2020-09-30 | −15.04% | −14.84 pp |
| Q2 2020 | 2020-06-30 | −27.07% | −34.67 pp |
| Q1 2020 | 2020-03-31 | −13.01% | −15.39 pp |
| Q4 2019 | 2019-12-31 | 13.80% | +3.06 pp |
| Q3 2019 | 2019-09-30 | −0.20% | −0.77 pp |
| Q2 2019 | 2019-06-30 | 7.60% | +5.27 pp |
| Q1 2019 | 2019-03-31 | 2.38% | −0.98 pp |
| Q4 2018 | 2018-12-31 | 10.74% | −1.54 pp |
| Q3 2018 | 2018-09-30 | 0.57% | −4.27 pp |
| Q2 2018 | 2018-06-30 | 2.33% | −5.39 pp |
| Q1 2018 | 2018-03-31 | 3.36% | +0.70 pp |
| Q4 2017 | 2017-12-31 | 12.28% | +23.23 pp |
| Q3 2017 | 2017-09-30 | 4.84% | −5.80 pp |
| Q2 2017 | 2017-06-30 | 7.72% | −5.16 pp |
| Q1 2017 | 2017-03-31 | 2.66% | −8.00 pp |
| Q4 2016 | 2016-12-30 | −10.96% | −22.21 pp |
| Q3 2016 | 2016-09-09 | 10.64% | −0.30 pp |
| Q2 2016 | 2016-06-17 | 12.88% | +0.23 pp |
| Q1 2016 | 2016-03-25 | 10.66% | −2.55 pp |
| Q4 2015 | 2016-01-01 | 11.26% | +7.54 pp |
| Q3 2015 | 2015-09-11 | 10.94% | −0.24 pp |
| Q2 2015 | 2015-06-19 | 12.65% | −1.44 pp |
| Q1 2015 | 2015-03-27 | 13.21% | +4.51 pp |
| Q4 2014 | 2015-01-02 | 3.72% | −0.46 pp |
| Q3 2014 | 2014-09-12 | 11.17% | +0.98 pp |
| Q2 2014 | 2014-06-20 | 14.09% | +2.69 pp |
| Q1 2014 | 2014-03-28 | 8.69% | +0.49 pp |
| Q4 2013 | 2014-01-03 | 4.17% | +5.98 pp |
| Q3 2013 | 2013-09-06 | 10.19% | +4.71 pp |
| Q2 2013 | 2013-06-14 | 11.40% | +9.57 pp |
| Q1 2013 | 2013-03-22 | 8.21% | +3.68 pp |
| Q4 2012 | 2012-12-28 | −1.80% | −6.35 pp |
| Q3 2012 | 2012-09-07 | 5.48% | +86.44 pp |
| Q2 2012 | 2012-06-15 | 1.83% | −5.54 pp |
| Q1 2012 | 2012-03-23 | 4.52% | −4.37 pp |
| Q4 2011 | 2011-12-30 | 4.55% | — |
| Q3 2011 | 2011-09-09 | −80.95% | −89.84 pp |
| Q2 2011 | 2011-06-17 | 7.37% | — |
| Q1 2011 | 2011-03-25 | 8.89% | — |
| Q3 2010 | 2010-09-10 | 8.89% | — |
Marriott Vacations Worldwide operating margin trends
Over the last five fiscal years, Marriott Vacations Worldwide's operating margin increased from −13.94% to −11.49%, a change of +2.44 percentage points. The latest reported quarter, Q2 2026, shows 5.62%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Marriott Vacations Worldwide source filings ↗