Published
# Marriott International (MAR) — Recent Events ## Filings that contain financial statements - **Form 8-K filed August 3, 2026** (accession 0001048286-26-000033), Exhibit 99 — second-quarter 2026 results press release, furnishing the consolidated statement of income for the quarter ended June 30, 2026 and comparable prior-year period, along with balance-sheet and share-repurchase data. - **Form 8-K filed May 6, 2026** (accession 0001048286-26-000012), Exhibit 99 — first-quarter 2026 results press release, furnishing the consolidated statement of income for the quarter ended March 31, 2026 and comparable prior-year period. - **Form 8-K filed February 10, 2026** (accession 0001048286-26-000005), Exhibit 99 — fourth-quarter and full-year 2025 results press release, furnishing the consolidated statement of income for the quarter and year ended December 31, 2025, with full-year 2024 and 2025 comparisons. - **Form 8-K filed November 4, 2025** (accession 0001048286-25-000011), Exhibit 99 — third-quarter 2025 results press release, furnishing the consolidated statement of income for the quarter ended September 30, 2025. - **Form 8-K filed August 5, 2025** (accession 0001628280-25-037592), Exhibit 99 — second-quarter 2025 results press release, furnishing the consolidated statement of income for the quarter ended June 30, 2025. ## Earnings and operating results **Second quarter 2026 (reported August 3, 2026; accession 0001048286-26-000033).** Worldwide RevPAR rose 3.4 percent, with 5.0 percent growth in the U.S. & Canada and a 0.5 percent decline internationally. Reported diluted EPS was $2.90 and Adjusted diluted EPS was $3.19; reported net income was $766 million and Adjusted net income was $844 million; Adjusted EBITDA totaled $1,592 million. The company raised its full-year 2026 outlook to 3.0–3.5 percent worldwide RevPAR growth, citing second-quarter outperformance and strong, broad-based demand it expects to continue, even as the conflict in the Middle East drove the international decline. The quarter included a $68 million impairment charge on the sale of a U.S. & Canada hotel and a $27 million property-related litigation accrual. Marriott repurchased 3.0 million shares for $1.1 billion in the quarter. **First quarter 2026 (reported May 6, 2026; accession 0001048286-26-000012).** Worldwide RevPAR increased 4.2 percent, with 4.0 percent growth in the U.S. & Canada and 4.6 percent growth internationally. Reported diluted EPS was $2.43 and Adjusted diluted EPS was $2.72; reported net income was $648 million, a 3 percent decrease from the year-ago quarter (which had benefited from an $86 million tax-reserve release). Adjusted EBITDA totaled $1,398 million. **Fourth quarter and full-year 2025 (reported February 10, 2026; accession 0001048286-26-000005).** Fourth-quarter worldwide RevPAR rose 1.9 percent, with international markets up 6.1 percent and the U.S. & Canada down 0.1 percent, reflecting the impact of an extended government shutdown on business travel. Fourth-quarter reported diluted EPS was $1.65; full-year reported diluted EPS was $9.51 and full-year reported net income was $2,601 million. Full-year Adjusted EBITDA was $5,383 million. The company said it completed the integration of the citizenM hotel portfolio (37 hotels, nearly 8,800 rooms) during the quarter, and returned more than $4.0 billion to shareholders for the year through dividends and buybacks. **Third quarter 2025 (reported November 4, 2025; accession 0001048286-25-000011).** Worldwide RevPAR increased 0.5 percent, with a 0.4 percent decline in the U.S. & Canada reflecting reduced government travel and 2.6 percent international growth. Reported diluted EPS was $2.67 (up from $2.07 a year earlier), aided by a $40 million benefit from insurance recoveries tied to the 2018 Starwood guest-reservations database security incident. Reported net income was $728 million. **Second quarter 2025 (reported August 5, 2025; accession 0001628280-25-037592).** Worldwide RevPAR rose 1.5 percent, with international markets up 5.3 percent and U.S. & Canada RevPAR flat. Reported diluted EPS was $2.78 and reported net income was $763 million. The release noted the company had "recently completed the acquisition" of the lifestyle brand citizenM and launched a new regional collection brand, Series by Marriott, with a founding affiliation of the Fern portfolio of hotels in India. ## Capital markets and financing - **September 23, 2026** (8-K, accession 0001193125-26-401051): Marriott entered a Seventh Amended and Restated Credit Agreement with Bank of America as administrative agent, increasing its multicurrency revolving credit facility from $4.50 billion to $5.00 billion (with the option to increase further to $5.50 billion) and extending the maturity from December 2027 to September 2031. - **August 11–13, 2026** (8-K, accession 0001193125-26-349395): Marriott priced and issued $250 million of 4.875% Series NN Notes due 2029 and $1.0 billion of 5.650% Series YY Notes due 2036, for net proceeds of approximately $1.233 billion, to be used for general corporate purposes. - **February 18–20, 2026** (8-K, accession 0001193125-26-061350): Marriott priced and issued $600 million of 4.500% Series WW Notes due 2033 and $850 million of 5.100% Series XX Notes due 2038, for net proceeds of approximately $1.425 billion. - **August 18–20, 2025** (8-K, accession 0001193125-25-184082): Marriott priced and issued $400 million of 4.200% Series TT Notes due 2027, $500 million of 4.500% Series UU Notes due 2031, and $600 million of 5.250% Series VV Notes due 2035, for net proceeds of approximately $1.477 billion. Across these offerings Marriott has added roughly $4.1 billion of new senior notes to its balance sheet since mid-2025 alongside the expanded revolving credit facility, while continuing substantial share repurchases (total debt rose from $14.4 billion at year-end 2024 to $16.9 billion at the end of the second quarter of 2026). ## Leadership changes - **January 2026** (8-K, accession 0001193125-26-008335; press release dated January 9, 2026): Marriott announced a realignment of continent leadership — Satya Anand becomes Group President, U.S., Canada and CALA (unifying those markets under one structure); Neal Jones becomes President, EMEA; Federico "Fede" Greppi becomes President, CALA, with Anand, Jones and Greppi assuming their new roles effective March 28, 2026 — alongside the planned retirements of long-tenured leaders Liam Brown (Group President, U.S. and Canada) and Brian King (President, Enterprise Transformation & CALA), who step down from their roles at the end of March 2026 and remain with the company in advisory roles through June 2026 before retiring. - **July 2025** (8-K, accession 0001193125-25-158742; press release dated July 14, 2025): Marriott announced that Chief Financial Officer and EVP, Development Kathleen "Leeny" Oberg will retire effective March 31, 2026, stepping down as CFO immediately after the company files its fiscal 2025 Form 10-K. Jen Mason, previously Global Officer, Treasurer and Risk Management, was named her successor as EVP and CFO, a role she will assume once Oberg steps down from it; Shawn Hill was named EVP and Chief Development Officer, effective January 1, 2026. - **February 2026** (8-K, accession 0001193125-26-041097): Board member Debra L. Lee, chair of the Inclusion and Social Impact Committee, informed Marriott she would not stand for re-election at the 2026 annual meeting; the filing states this was not due to any disagreement with the company. ## Not reflected as a standalone item Marriott's recently renegotiated U.S. co-branded credit card agreements with JPMorgan Chase and American Express are referenced in the company's second-quarter 2026 earnings release (accession 0001048286-26-000033) as having been executed. Marriott has not filed a separate Form 8-K describing the terms of those agreements.