Marriott Vacations Q2 2026 Results Overview
Marriott Vacations Worldwide Corporation reported adjusted earnings per share of $2.31 for the second quarter, exceeding the analyst consensus of $1.95 by $0.36. Revenue for the quarter reached $1.32 billion, beating the $1.29 billion estimate and representing a 6 % increase from $1.25 billion in the comparable prior‑year period. Contract sales rose 22 % year‑over‑year to $545 million, propelled by a 23 % increase in volume per guest (VPG) to $4,477.
Adjusted EBITDA for the quarter increased 6 % to $215 million from $203 million a year earlier. The Vacation Ownership segment generated $246 million in adjusted EBITDA, a 7 % YoY rise, while segment revenues excluding cost reimbursements grew 10 % to $853 million. The company’s net corporate leverage ratio improved to 4.0 times, better than the 4.2 times reported in the first quarter.
Guidance for the full fiscal year 2026 was raised: adjusted EPS is now projected between $8.25 and $9.05, with a midpoint of $8.65, above the analyst consensus of $7.55. Contract sales outlook was increased to a range of $2,080 million to $2,115 million, up from the prior range of $1,815 million to $1,885 million. Adjusted EBITDA guidance was lifted to $805 million‑$830 million, compared with the earlier $755 million‑$780 million range, and adjusted free cash flow guidance was raised to $410 million‑$460 million.
Chief Executive Officer Matt Avril said the results demonstrate strong progress this year, highlighting the 23 % YoY improvement in VPG and the 22 % growth in contract sales, and affirmed that the raised guidance reflects the company’s focus on continued contract‑sales growth and higher adjusted EBITDA.