Marriott Vacations Worldwide's second quarter contract sales surged 22%, leading to an EPS beat and raised FY2026 guidance.

Marriott Vacations Worldwide reported second quarter 2026 revenue of $1.32 billion and diluted EPS of $2.12, beating analyst estimates of $1.29 billion and $2.00, respectively. The company also raised its full-year 2026 guidance for contract sales, Adjusted EBITDA, and Adjusted Free Cash Flow.

Key Highlights

• Consolidated contract sales significantly exceeded expectations, growing 22% year-over-year to $545 million, compared to an estimate of $445 million.
• The increase in sales was primarily driven by a 23% year-over-year improvement in Volume Per Guest (VPG) to $4,477, resulting from a higher average transaction size.
• Adjusted EBITDA increased 6% to $215 million from $203 million in the prior-year quarter.
• The company raised its full-year 2026 contract sales guidance to a range of $2.08 billion to $2.115 billion, up from the previous range of $1.815 billion to $1.885 billion.