Marriott Vacations Worldwide Q1 2026 earnings miss, holds outlook
Key takeaways
- Adjusted net income declined 34% to $43 million, and adjusted diluted earnings per share fell 25% to $1.24.
- The company attributed the weaker results to lower contract sales, higher marketing and sales costs, increased product costs, and greater unsold maintenance fee expenses.
- The decline in tours was tied to the company s planned moves to focus on higher profitability in the Asia-Pacific region and a decision to limit tours to customers with FICO scores below 640.
Marriott Vacations Worldwide Q1 2026 earnings miss, holds outlook Quartz · Nur Photo / Getty Images Colleen Cabili Wed, May 6, 2026 at 10:15 PM GMT+7 2 min read VAC Marriott Vacations Worldwide reported a sharp drop in first-quarter profit, with net income attributable to common stockholders falling to $22 million from $56 million in the same period a year earlier, the company said. Diluted earnings per share came in at $0.64, down from $1.46 a year ago.
Adjusted net income declined 34% to $43 million, and adjusted diluted earnings per share fell 25% to $1.24. Adjusted EBITDA dropped to $161 million from $192 million in the prior year. Contract sales slipped 2% to $411 million.
The company attributed the weaker results to lower contract sales, higher marketing and sales costs, increased product costs, and greater unsold maintenance fee expenses. General and administrative costs also rose $3 million, largely due to severance charges. Revenue at Aqua-Aston also weighed on results.