Marriott International, Inc. (MAR) Q2 FY2026 Financial Statements: Revenue $7.07B, Net income $766.00M
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PeriodQ2 FY2026
Published
Marriott International reported $7.07 billion in total revenues for Q2 FY2026, the quarter ended June 30, 2026, up 4.8% from a year earlier, and net income of $766 million, up 0.4%. Net fee revenues, the franchise, management and licensing fees Marriott collects from the third-party owners who run nearly all of the hotels in its system, were $1.55 billion, up 12.8%, but operating income was $1.23 billion, down 0.6%, held back by an impairment charge on a U.S. and Canada hotel sold during the quarter, a property-related litigation accrual and lower net cost reimbursement revenue. Diluted earnings per share were $2.90, up 4.3%, lifted by a share count reduced through buybacks, and worldwide systemwide revenue per available room was $138.74, up 3.4% from a year earlier, with RevPAR higher in every region except the Middle East and Africa, where the conflict produced a sharp decline.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $7,071,000,000 | up 4.8% |
| Net income | $766,000,000 | up 0.4% |
| Diluted EPS | $2.90 | up 4.3% |
| Net fee revenues | $1,547,000,000 | up 12.8% |
| Operating income | $1,229,000,000 | down 0.6% |
| Worldwide systemwide RevPAR | $138.74 | |
| Worldwide systemwide RevPAR growth | 3.4% |
About this file
| Ticker | MAR |
|---|---|
| CIK | 0001048286 |
| Company | Marriott International, Inc. |
| Business type | hospitality |
| Schema template | Asset-light lodging franchisor and manager. The line items follow Marriott's own income statement, which builds revenue up from franchise, base management and incentive management fees to gross fee revenues, then net fee revenues after contract investment amortization, and finally adds owned/leased revenue and the cost reimbursement revenue Marriott bills hotel owners. Cost reimbursement revenue and the matching reimbursed expenses are both reported gross and very nearly offset, so net fee revenues and operating income describe the economics better than the consolidated revenue total does. A gross-profit or cost-of-goods frame does not apply to a fee-based business, so none is reported. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts in actual shares; per-share amounts in dollars |
MAR annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001048286-26-000007 | 0001048286-26-000007 | 0001048286-26-000007 |
| Income statement | |||
| Franchise fees | 3,325,000,000 | 3,113,000,000 | 2,831,000,000 |
| Base management fees | 1,322,000,000 | 1,288,000,000 | 1,238,000,000 |
| Incentive management fees | 791,000,000 | 769,000,000 | 755,000,000 |
| Gross fee revenues | 5,438,000,000 | 5,170,000,000 | 4,824,000,000 |
| Contract investment amortization | -135,000,000 | -103,000,000 | -88,000,000 |
| Net fee revenues | 5,303,000,000 | 5,067,000,000 | 4,736,000,000 |
| Owned leased and other revenue | 1,679,000,000 | 1,551,000,000 | 1,564,000,000 |
| Cost reimbursement revenue | 19,204,000,000 | 18,482,000,000 | 17,413,000,000 |
| Total revenues | 26,186,000,000 | 25,100,000,000 | 23,713,000,000 |
| Owned leased and other expense | 1,461,000,000 | 1,329,000,000 | 1,309,000,000 |
| Depreciation amortization and other | 213,000,000 | 183,000,000 | 189,000,000 |
| General and administrative | 870,000,000 | 945,000,000 | 867,000,000 |
| Restructuring and merger related charges recoveries | -2,000,000 | 77,000,000 | 60,000,000 |
| Reimbursed expenses | 19,503,000,000 | 18,799,000,000 | 17,424,000,000 |
| Total operating costs and expenses | 22,045,000,000 | 21,333,000,000 | 19,849,000,000 |
| Operating income | 4,141,000,000 | 3,767,000,000 | 3,864,000,000 |
| Gains and other income net | 9,000,000 | 31,000,000 | 40,000,000 |
| Interest expense | -809,000,000 | -695,000,000 | -565,000,000 |
| Interest income | 42,000,000 | 40,000,000 | 30,000,000 |
| Equity in earnings | 11,000,000 | 8,000,000 | 9,000,000 |
| Income before income taxes | 3,394,000,000 | 3,151,000,000 | 3,378,000,000 |
| Provision for income taxes | -793,000,000 | -776,000,000 | -295,000,000 |
| Net income | 2,601,000,000 | 2,375,000,000 | 3,083,000,000 |
| Basic EPS | 9.53 | 8.36 | 10.23 |
| Diluted EPS | 9.51 | 8.33 | 10.18 |
| Basic shares | 272,900,000 | 284,200,000 | 301,500,000 |
| Diluted shares | 273,600,000 | 285,200,000 | 302,900,000 |
| Balance sheet | |||
| Cash and equivalents | 358,000,000 | 396,000,000 | |
| Accounts and notes receivable net | 2,909,000,000 | 2,795,000,000 | |
| Total current assets | 3,584,000,000 | 3,485,000,000 | |
| Property and equipment net | 1,954,000,000 | 1,833,000,000 | |
| Brands | 6,207,000,000 | 5,770,000,000 | |
| Contract acquisition costs and other | 4,129,000,000 | 3,718,000,000 | |
| Goodwill | 8,907,000,000 | 8,731,000,000 | |
| Total intangible assets | 19,243,000,000 | 18,219,000,000 | |
| Total assets | 27,540,000,000 | 26,182,000,000 | |
| Current portion of long term debt | 1,209,000,000 | 1,309,000,000 | |
| Liability for guest loyalty program current | 3,497,000,000 | 3,487,000,000 | |
| Total current liabilities | 8,398,000,000 | 8,649,000,000 | |
| Long term debt | 14,995,000,000 | 13,138,000,000 | |
| Liability for guest loyalty program noncurrent | 4,495,000,000 | 4,032,000,000 | |
| Total equity | -3,771,000,000 | -2,992,000,000 | |
| Total debt | 16,204,000,000 | 14,447,000,000 | |
| Total liabilities | 31,311,000,000 | 29,174,000,000 | |
| Cash flow | |||
| Net cash provided by operating activities | 3,212,000,000 | 2,749,000,000 | 3,170,000,000 |
| Capital expenditures | -604,000,000 | -750,000,000 | -452,000,000 |
| Net cash used in investing activities | -948,000,000 | -734,000,000 | -465,000,000 |
| Issuance of long term debt | 3,436,000,000 | 2,948,000,000 | 1,918,000,000 |
| Repayment of long term debt | -1,309,000,000 | -558,000,000 | -684,000,000 |
| Dividends paid | -718,000,000 | -682,000,000 | -587,000,000 |
| Purchase of treasury stock | -3,300,000,000 | -3,762,000,000 | -3,953,000,000 |
| Net cash used in financing activities | -2,318,000,000 | -1,956,000,000 | -2,864,000,000 |
| Free cash flow | 2,608,000,000 | 1,999,000,000 | 2,718,000,000 |
| Segment results | |||
| Basis | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. |
| Reportable segments | |||
| U.S. & Canada | |||
| Net fee revenues | 2,921,000,000 | 2,875,000,000 | 2,734,000,000 |
| Total reportable segment revenue | 19,349,000,000 | 18,612,000,000 | 17,696,000,000 |
| Total reportable segment profit | 2,679,000,000 | 2,640,000,000 | 2,724,000,000 |
| EMEA | |||
| Net fee revenues | 621,000,000 | 575,000,000 | 516,000,000 |
| Total reportable segment revenue | 2,407,000,000 | 2,406,000,000 | 2,268,000,000 |
| Total reportable segment profit | 525,000,000 | 512,000,000 | 441,000,000 |
| Greater China | |||
| Net fee revenues | 260,000,000 | 249,000,000 | 265,000,000 |
| Total reportable segment revenue | 590,000,000 | 582,000,000 | 600,000,000 |
| Total reportable segment profit | 185,000,000 | 186,000,000 | 208,000,000 |
| APEC | |||
| Net fee revenues | 370,000,000 | 340,000,000 | 284,000,000 |
| Total reportable segment revenue | 1,073,000,000 | 976,000,000 | 830,000,000 |
| Total reportable segment profit | 301,000,000 | 280,000,000 | 243,000,000 |
| Total reportable segment revenue | 23,419,000,000 | 22,576,000,000 | 21,394,000,000 |
| Unallocated corporate and other revenue | 2,767,000,000 | 2,524,000,000 | 2,319,000,000 |
| Total reportable segment profit | 3,690,000,000 | 3,618,000,000 | 3,616,000,000 |
| Unallocated corporate and other profit | 471,000,000 | 188,000,000 | 297,000,000 |
| Lodging statistics | |||
| Basis | Worldwide comparable systemwide properties, which include franchised as well as company-operated hotels. RevPAR is revenue per available room and ADR is average daily rate, both in actual dollars; occupancy and the changes are stated as the filing prints them. | ||
| Revpar worldwide systemwide | 128.8 | ||
| Revpar change vs prior year % | 2.0% | ||
| Occupancy worldwide systemwide % | 69.3% | ||
| Occupancy change vs prior year pts | 0.0 | ||
| Average daily rate worldwide systemwide | 185.81 | ||
| Average daily rate change vs prior year % | 2.1% | ||
MAR quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 2 | 2 |
| Label | Q2 2026 | Q2 2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001048286-26-000035 | 0001048286-26-000035 |
| Income statement | ||
| Franchise fees | 1,023,000,000 | 860,000,000 |
| Base management fees | 343,000,000 | 340,000,000 |
| Incentive management fees | 212,000,000 | 200,000,000 |
| Gross fee revenues | 1,578,000,000 | 1,400,000,000 |
| Contract investment amortization | -31,000,000 | -29,000,000 |
| Net fee revenues | 1,547,000,000 | 1,371,000,000 |
| Owned leased and other revenue | 466,000,000 | 441,000,000 |
| Cost reimbursement revenue | 5,058,000,000 | 4,932,000,000 |
| Total revenues | 7,071,000,000 | 6,744,000,000 |
| Owned leased and other expense | 417,000,000 | 363,000,000 |
| Depreciation amortization and other | 115,000,000 | 53,000,000 |
| General and administrative | 220,000,000 | 210,000,000 |
| Restructuring and merger related charges recoveries | -10,000,000 | 8,000,000 |
| Reimbursed expenses | 5,100,000,000 | 4,874,000,000 |
| Total operating costs and expenses | 5,842,000,000 | 5,508,000,000 |
| Operating income | 1,229,000,000 | 1,236,000,000 |
| Gains and other income net | 11,000,000 | 5,000,000 |
| Interest expense | -221,000,000 | -203,000,000 |
| Interest income | 20,000,000 | 12,000,000 |
| Equity in earnings | 5,000,000 | 4,000,000 |
| Income before income taxes | 1,044,000,000 | 1,054,000,000 |
| Provision for income taxes | -278,000,000 | -291,000,000 |
| Net income | 766,000,000 | 763,000,000 |
| Basic EPS | 2.9 | 2.78 |
| Diluted EPS | 2.9 | 2.78 |
| Basic shares | 263,900,000 | 274,200,000 |
| Diluted shares | 264,500,000 | 274,700,000 |
| Balance sheet | ||
| Cash and equivalents | 462,000,000 | |
| Accounts and notes receivable net | 3,338,000,000 | |
| Total current assets | 4,226,000,000 | |
| Property and equipment net | 1,837,000,000 | |
| Brands | 6,182,000,000 | |
| Contract acquisition costs and other | 4,283,000,000 | |
| Goodwill | 8,876,000,000 | |
| Total intangible assets | 19,341,000,000 | |
| Total assets | 28,085,000,000 | |
| Current portion of long term debt | 460,000,000 | |
| Liability for guest loyalty program current | 3,680,000,000 | |
| Total current liabilities | 7,904,000,000 | |
| Long term debt | 16,455,000,000 | |
| Liability for guest loyalty program noncurrent | 4,764,000,000 | |
| Total equity | -4,525,000,000 | |
| Total debt | 16,915,000,000 | |
| Total liabilities | 32,610,000,000 | |
| Segment results | ||
| Basis | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. |
| Reportable segments | ||
| U.S. & Canada | ||
| Net fee revenues | 883,000,000 | 779,000,000 |
| Total reportable segment revenue | 5,263,000,000 | 4,962,000,000 |
| Total reportable segment profit | 770,000,000 | 786,000,000 |
| EMEA | ||
| Net fee revenues | 154,000,000 | 164,000,000 |
| Total reportable segment revenue | 610,000,000 | 655,000,000 |
| Total reportable segment profit | 144,000,000 | 157,000,000 |
| Greater China | ||
| Net fee revenues | 68,000,000 | 64,000,000 |
| Total reportable segment revenue | 164,000,000 | 152,000,000 |
| Total reportable segment profit | 55,000,000 | 53,000,000 |
| APEC | ||
| Net fee revenues | 85,000,000 | 81,000,000 |
| Total reportable segment revenue | 273,000,000 | 256,000,000 |
| Total reportable segment profit | 69,000,000 | 76,000,000 |
| Total reportable segment revenue | 6,310,000,000 | 6,025,000,000 |
| Unallocated corporate and other revenue | 761,000,000 | 719,000,000 |
| Total reportable segment profit | 1,038,000,000 | 1,072,000,000 |
| Unallocated corporate and other profit | 207,000,000 | 173,000,000 |
| Lodging statistics | ||
| Basis | Worldwide comparable systemwide properties, which include franchised as well as company-operated hotels. RevPAR is revenue per available room and ADR is average daily rate, both in actual dollars; occupancy and the changes are stated as the filing prints them. | |
| Revpar worldwide systemwide | 138.74 | |
| Revpar change vs prior year % | 3.4% | |
| Occupancy worldwide systemwide % | 71.6% | |
| Occupancy change vs prior year pts | -0.1 | |
| Average daily rate worldwide systemwide | 193.66 | |
| Average daily rate change vs prior year % | 3.5% | |
MAR year-to-date income statement and cash flow
| First half 2026 | |
|---|---|
| Label | First half 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001048286-26-000035 |
| Income statement | |
| Franchise fees | 1,895,000,000 |
| Base management fees | 682,000,000 |
| Incentive management fees | 434,000,000 |
| Gross fee revenues | 3,011,000,000 |
| Contract investment amortization | -66,000,000 |
| Net fee revenues | 2,945,000,000 |
| Owned leased and other revenue | 878,000,000 |
| Cost reimbursement revenue | 9,902,000,000 |
| Total revenues | 13,725,000,000 |
| Owned leased and other expense | 794,000,000 |
| Depreciation amortization and other | 169,000,000 |
| General and administrative | 439,000,000 |
| Restructuring and merger related charges recoveries | -6,000,000 |
| Reimbursed expenses | 10,036,000,000 |
| Total operating costs and expenses | 11,432,000,000 |
| Operating income | 2,293,000,000 |
| Gains and other income net | 14,000,000 |
| Interest expense | -435,000,000 |
| Interest income | 30,000,000 |
| Equity in earnings | 0 |
| Income before income taxes | 1,902,000,000 |
| Provision for income taxes | -488,000,000 |
| Net income | 1,414,000,000 |
| Basic EPS | 5.34 |
| Diluted EPS | 5.32 |
| Basic shares | 265,000,000 |
| Diluted shares | 265,700,000 |
| Cash flow | |
| Net cash provided by operating activities | 1,806,000,000 |
| Capital expenditures | -282,000,000 |
| Net cash used in investing activities | -178,000,000 |
| Issuance of long term debt | 1,425,000,000 |
| Repayment of long term debt | -755,000,000 |
| Dividends paid | -370,000,000 |
| Purchase of treasury stock | -1,819,000,000 |
| Net cash used in financing activities | -1,527,000,000 |
| Free cash flow | 1,524,000,000 |
| Prior year comparative | |
| Label | First half 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001048286-26-000035 |
| Income statement | |
| Franchise fees | 1,606,000,000 |
| Base management fees | 665,000,000 |
| Incentive management fees | 404,000,000 |
| Gross fee revenues | 2,675,000,000 |
| Contract investment amortization | -57,000,000 |
| Net fee revenues | 2,618,000,000 |
| Owned leased and other revenue | 802,000,000 |
| Cost reimbursement revenue | 9,587,000,000 |
| Total revenues | 13,007,000,000 |
| Owned leased and other expense | 695,000,000 |
| Depreciation amortization and other | 104,000,000 |
| General and administrative | 419,000,000 |
| Restructuring and merger related charges recoveries | 9,000,000 |
| Reimbursed expenses | 9,596,000,000 |
| Total operating costs and expenses | 10,823,000,000 |
| Operating income | 2,184,000,000 |
| Gains and other income net | 3,000,000 |
| Interest expense | -395,000,000 |
| Interest income | 21,000,000 |
| Equity in earnings | 5,000,000 |
| Income before income taxes | 1,818,000,000 |
| Provision for income taxes | -390,000,000 |
| Net income | 1,428,000,000 |
| Basic EPS | 5.18 |
| Diluted EPS | 5.17 |
| Basic shares | 275,500,000 |
| Diluted shares | 276,200,000 |
| Cash flow | |
| Net cash provided by operating activities | 1,290,000,000 |
| Capital expenditures | -290,000,000 |
| Net cash used in investing activities | -286,000,000 |
| Issuance of long term debt | 1,960,000,000 |
| Repayment of long term debt | -954,000,000 |
| Dividends paid | -357,000,000 |
| Purchase of treasury stock | -1,500,000,000 |
| Net cash used in financing activities | -737,000,000 |
| Free cash flow | 1,000,000,000 |
| Segment results | |
| Basis | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. |
| Reportable segments | |
| U.S. & Canada | |
| Net fee revenues | 1,468,000,000 |
| Total reportable segment revenue | 9,660,000,000 |
| Total reportable segment profit | 1,430,000,000 |
| EMEA | |
| Net fee revenues | 278,000,000 |
| Total reportable segment revenue | 1,169,000,000 |
| Total reportable segment profit | 231,000,000 |
| Greater China | |
| Net fee revenues | 124,000,000 |
| Total reportable segment revenue | 288,000,000 |
| Total reportable segment profit | 98,000,000 |
| APEC | |
| Net fee revenues | 178,000,000 |
| Total reportable segment revenue | 519,000,000 |
| Total reportable segment profit | 156,000,000 |
| Total reportable segment revenue | 11,636,000,000 |
| Unallocated corporate and other revenue | 1,371,000,000 |
| Total reportable segment profit | 1,915,000,000 |
| Unallocated corporate and other profit | 277,000,000 |
| Segment results | |
| Basis | Marriott's four reportable segments. Segment profit is the measure its chief operating decision maker uses: segment results before corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America does not meet the threshold for separate disclosure and sits inside "Unallocated corporate and other", along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program. The segments therefore do not sum to the consolidated totals, and the reconciling amounts are given alongside them. |
| Reportable segments | |
| U.S. & Canada | |
| Net fee revenues | 1,635,000,000 |
| Total reportable segment revenue | 10,218,000,000 |
| Total reportable segment profit | 1,416,000,000 |
| EMEA | |
| Net fee revenues | 281,000,000 |
| Total reportable segment revenue | 1,117,000,000 |
| Total reportable segment profit | 216,000,000 |
| Greater China | |
| Net fee revenues | 136,000,000 |
| Total reportable segment revenue | 316,000,000 |
| Total reportable segment profit | 100,000,000 |
| APEC | |
| Net fee revenues | 187,000,000 |
| Total reportable segment revenue | 560,000,000 |
| Total reportable segment profit | 140,000,000 |
| Total reportable segment revenue | 12,211,000,000 |
| Unallocated corporate and other revenue | 1,514,000,000 |
| Total reportable segment profit | 1,872,000,000 |
| Unallocated corporate and other profit | 435,000,000 |
| Lodging statistics | |
| Basis | Worldwide comparable systemwide properties, which include franchised as well as company-operated hotels. RevPAR is revenue per available room and ADR is average daily rate, both in actual dollars; occupancy and the changes are stated as the filing prints them. |
| Revpar worldwide systemwide | 131.14 |
| Revpar change vs prior year % | 3.8% |
| Occupancy worldwide systemwide % | 68.7% |
| Occupancy change vs prior year pts | 0.3 |
| Average daily rate worldwide systemwide | 190.89 |
| Average daily rate change vs prior year % | 3.3% |
MAR trailing twelve month income statement and cash flow
| Twelve months ended June 30, 2026 | |
|---|---|
| Label | Twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0001048286-26-000035 |
| Income statement | |
| Franchise fees | 3,614,000,000 |
| Base management fees | 1,339,000,000 |
| Incentive management fees | 821,000,000 |
| Gross fee revenues | 5,774,000,000 |
| Contract investment amortization | -144,000,000 |
| Net fee revenues | 5,630,000,000 |
| Owned leased and other revenue | 1,755,000,000 |
| Cost reimbursement revenue | 19,519,000,000 |
| Total revenues | 26,904,000,000 |
| Owned leased and other expense | 1,560,000,000 |
| Depreciation amortization and other | 278,000,000 |
| General and administrative | 890,000,000 |
| Restructuring and merger related charges recoveries | -17,000,000 |
| Reimbursed expenses | 19,943,000,000 |
| Total operating costs and expenses | 22,654,000,000 |
| Operating income | 4,250,000,000 |
| Gains and other income net | 20,000,000 |
| Interest expense | -849,000,000 |
| Interest income | 51,000,000 |
| Equity in earnings | 6,000,000 |
| Income before income taxes | 3,478,000,000 |
| Provision for income taxes | -891,000,000 |
| Net income | 2,587,000,000 |
| Basic EPS | 9.69 |
| Diluted EPS | 9.66 |
| Balance sheet | |
| Cash and equivalents | 462,000,000 |
| Accounts and notes receivable net | 3,338,000,000 |
| Total current assets | 4,226,000,000 |
| Property and equipment net | 1,837,000,000 |
| Brands | 6,182,000,000 |
| Contract acquisition costs and other | 4,283,000,000 |
| Goodwill | 8,876,000,000 |
| Total intangible assets | 19,341,000,000 |
| Total assets | 28,085,000,000 |
| Current portion of long term debt | 460,000,000 |
| Liability for guest loyalty program current | 3,680,000,000 |
| Total current liabilities | 7,904,000,000 |
| Long term debt | 16,455,000,000 |
| Liability for guest loyalty program noncurrent | 4,764,000,000 |
| Total equity | -4,525,000,000 |
| Total debt | 16,915,000,000 |
| Total liabilities | 32,610,000,000 |
| Cash flow | |
| Net cash provided by operating activities | 3,728,000,000 |
| Capital expenditures | -596,000,000 |
| Net cash used in investing activities | -840,000,000 |
| Issuance of long term debt | 2,901,000,000 |
| Repayment of long term debt | -1,110,000,000 |
| Dividends paid | -731,000,000 |
| Purchase of treasury stock | -3,619,000,000 |
| Net cash used in financing activities | -3,108,000,000 |
| Free cash flow | 3,132,000,000 |
| Balance sheet as of | 2026-06-30 |
| Balance sheet source accession | 0001048286-26-000035 |
| Derivation | Each income-statement and cash-flow line is fiscal 2025 plus the first half of 2026 less the first half of 2025, from the two filings cited. The per-share amounts are the same three reported figures combined the same way, not a recomputation over a twelve-month average share count. The balance sheet is the one published as of June 30, 2026. |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | n/a |
Notes
- Every figure comes from one of two filings: Marriott's fiscal 2025 Form 10-K (accession 0001048286-26-000007, filed February 10, 2026) and its Form 10-Q for the quarter ended June 30, 2026 (accession 0001048286-26-000035, filed August 3, 2026). Each period below names the filing it was read from.
- The 10-K presents fiscal 2025, 2024 and 2023 on the face of its income statement, cash flow statement and segment note, but only December 31, 2025 and December 31, 2024 on its balance sheet. Fiscal 2023 therefore carries an income statement, a cash flow statement and segment results and no balance sheet, because the filing does not print one for that date.
- The 10-Q prints four income-statement columns: the three months and the six months ended June 30, 2026, each beside the same period a year earlier. The two three-month columns are reported here as the quarters Q2 2026 and Q2 2025; the two six-month columns are reported in the year-to-date block, which carries the first half of 2025 inside it as a comparative. No six-month figure is reported as a quarter.
- The 10-Q's cash flow statement prints only six-month columns. There is consequently no three-month operating cash flow, capital expenditure or free cash flow figure for Q2 2026 or Q2 2025 in these filings, and none is reported for those quarters. The cash flow figures shown are the six-month ones in the year-to-date block and the annual ones in the 10-K.
- Marriott is an asset-light lodging franchisor and manager, so the line items follow its own income statement rather than a manufacturer's. Revenue builds from franchise fees, base management fees and incentive management fees into gross fee revenues, then into net fee revenues after contract investment amortization, and the consolidated total adds owned and leased hotel revenue plus cost reimbursement revenue. Cost reimbursement revenue is what Marriott bills hotel owners for costs it incurs on their behalf; it is reported gross against an almost equal reimbursed expense, so it inflates both the revenue and the expense totals without contributing meaningfully to profit. In fiscal 2025 cost reimbursement revenue of $19.20 billion sat against reimbursed expenses of $19.50 billion out of $26.19 billion of consolidated revenue. Net fee revenues and operating income are the better measures of the business, and no gross profit or cost of revenue is reported because neither applies to a fee-based model.
- Deductions are stored with the sign the filing prints: contract investment amortization, interest expense, the provision for income taxes, capital expenditures, dividends paid and share repurchases are all negative. Marriott's restructuring and merger-related line is negative in fiscal 2025 and in the 2026 periods because it was a net recovery.
- The figure reported as capital expenditures is the line Marriott captions "Capital and technology expenditures" on its cash flow statement. Free cash flow is that line deducted from net cash provided by operating activities; Marriott does not itself publish a free cash flow measure.
- Marriott's balance sheet prints no total liabilities caption, so total liabilities here is the sum of the liability captions it does print: current liabilities, long-term debt, the noncurrent liability for the guest loyalty program, deferred tax liabilities, deferred revenue, operating lease liabilities and other noncurrent liabilities. It was checked against total assets less total stockholders' deficit for each date reported.
- Total debt is the total Marriott's own long-term debt note strikes before splitting out the current portion: $16.92 billion at June 30, 2026, $16.20 billion at December 31, 2025 and $14.45 billion at December 31, 2024. It includes senior notes, commercial paper, finance lease obligations and other borrowings, net of discounts, premiums and issuance costs.
- Marriott reports a stockholders' deficit rather than positive equity, and it has done so throughout these periods: negative $4.53 billion at June 30, 2026, negative $3.77 billion at December 31, 2025 and negative $2.99 billion at December 31, 2024. The cause is cumulative share repurchases carried at cost in treasury stock, which reached negative $29.68 billion at June 30, 2026 against $19.46 billion of retained earnings. It is a consequence of returning cash to shareholders, not of accumulated losses.
- In the fourth quarter of fiscal 2025 Marriott reclassified certain other expenses out of the caption it formerly called "General, administrative, and other" and into "Owned, leased, and other expense". The 10-K presents all three fiscal years on that basis. The 10-Q states that the reclassification moved $35 million for the second quarter of 2025 and $71 million for the first half of 2025, and the 2025 comparative figures reported here are the restated ones the 10-Q prints. Totals, operating income and net income are unaffected; only the split between those two expense captions moved.
- The 10-K also notes that fiscal 2023 cash flows reflect the reclassification of $159 million of depreciation and amortization recorded within reimbursed expenses, moved out of the "Other" operating caption and into "Depreciation, amortization, and other". Net cash provided by operating activities is unchanged by it.
- Segment results are given as the business segments notes present them. Segment profit is the measure Marriott's chief operating decision maker uses, and it excludes corporate expenses, income taxes, indirect general and administrative expenses and restructuring charges. Caribbean & Latin America is not a separately reportable segment and is included in "Unallocated corporate and other" along with credit-card and timeshare licensing fees and the Marriott Bonvoy loyalty program, so the four reportable segments do not sum to the consolidated figures. The reconciling amounts the filings print are reported beside them.
- The lodging statistics are the worldwide comparable systemwide figures, covering franchised as well as company-operated hotels. They are reported only for the periods the filings print an absolute figure for: fiscal 2025, the second quarter of 2026 and the first half of 2026. The 10-Q gives the year-earlier quarter only as a percentage change, not as a RevPAR level, so no Q2 2025 RevPAR is reported.
- The trailing-twelve-month block is derived, not printed in either filing: each income-statement and cash-flow line is fiscal 2025 plus the first half of 2026 less the first half of 2025. Its per-share amounts combine the three reported per-share figures the same way rather than recomputing earnings over a twelve-month average share count, and it carries no share count for that reason. Its balance sheet is the published June 30, 2026 balance sheet.
- Marriott reports in U.S. dollars and has had no stock split in this period, so no currency, split or depositary-ratio adjustment applies. All figures are stated in actual dollars.
Uncertainties
- No operating cash flow, capital expenditure or free cash flow figure is reported for Q2 2026 or Q2 2025 on its own. The 10-Q's cash flow statement prints six-month columns only, and neither it nor the 10-K prints a first-quarter 2026 column that a three-month figure could be derived against, so the quarter is left out rather than estimated. The six-month figures are in the year-to-date block.
- Marriott publishes no balance sheet as of June 30, 2025, so Q2 2025 carries an income statement and segment results only.
- Fiscal 2023 carries no balance sheet. The 10-K's balance sheet shows December 31, 2025 and December 31, 2024 only.
- The trailing-twelve-month per-share amounts are the sum of three reported per-share figures rather than earnings divided by a twelve-month weighted average diluted share count, which Marriott does not publish. Because the share count fell through the period, that sum is close to but not identical to a properly weighted twelve-month figure.
- Total liabilities is not a caption Marriott prints; it is the sum of the liability captions on its balance sheet, and it was verified against total assets less total stockholders' deficit at each date.
- RevPAR, occupancy and average daily rate cover comparable properties only, a population Marriott defines and that changes between periods, so the levels are not strictly comparable across periods even though the percentage changes the filings print are calculated on a consistent basis.
Company details
| Value | |
|---|---|
| Name | Marriott International Inc /Md/ |
| Ticker | MAR |
| CIK | 0001048286 |
| Exchange | Nasdaq |
| State | Maryland |
| Incorporation | Delaware |
| SIC | 7011 |
| Office | Real Estate & Construction |
| Industry | Hotels & Motels |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001048286-26-000035 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-10 | 0001048286-26-000007 | https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/0001048286-26-000007-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-03 | 0001048286-26-000035 | https://www.sec.gov/Archives/edgar/data/1048286/000104828626000035/0001048286-26-000035-index.htm | facts |
FAQ · Marriott International financial statements
How much revenue did Marriott make in Q2 FY2026?
Marriott International reported $7.07 billion in total revenues for Q2 FY2026, the quarter ended June 30, 2026, up 4.8% from $6.74 billion a year earlier. Most of that total is pass-through cost reimbursement revenue from hotels Marriott franchises or manages rather than owns; net fee revenues, the fee income Marriott keeps, were $1.55 billion, up 12.8%.
What was Marriott's net income in Q2 FY2026?
Marriott International reported net income of $766 million for Q2 FY2026, the quarter ended June 30, 2026, up 0.4% from $763 million in the same quarter a year earlier.
What was Marriott's earnings per share in Q2 FY2026?
Marriott International reported diluted earnings per share of $2.90 for Q2 FY2026, the quarter ended June 30, 2026, up 4.3% from $2.78 a year earlier. Earnings per share grew faster than net income because Marriott has kept buying back stock, leaving fewer shares outstanding.
Why did Marriott's operating income fall in Q2 FY2026 when fees grew?
Marriott International's net fee revenues were $1.55 billion in Q2 FY2026, up 12.8% from a year earlier, yet operating income was $1.23 billion, down 0.6%. The fee growth was absorbed by an impairment charge on a U.S. and Canada hotel that was classified as held for sale and sold during the quarter, a property-related litigation accrual, and net cost reimbursement revenue that turned negative as the cost of centralized programs and services outpaced what hotels reimbursed.
What was Marriott's RevPAR in Q2 FY2026?
Marriott International's worldwide systemwide revenue per available room was $138.74 in Q2 FY2026, the quarter ended June 30, 2026, with growth driven primarily by average daily rate. Demand ran at two speeds: U.S. and Canada RevPAR rose on strength across all brand tiers, helped by World Cup travel in June, while international RevPAR slipped as the conflict in the Middle East cut sharply into Middle East and Africa results.
Where can I get Marriott International, Inc. (MAR) financial data in machine-readable form?
Ticker Scout publishes Marriott International, Inc.'s financial statements as JSON at https://tickerscout.ai/mar/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/mar/narrative.md and https://tickerscout.ai/mar/events.md. Marriott International, Inc.'s SEC CIK is 0001048286. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Marriott International, Inc. (MAR) next file with the SEC?
Marriott International, Inc. (MAR) is expected to file its next Form 10-Q with the SEC on or around November 3, 2026. That date is a projection rather than a company-announced date: it is derived from Marriott International, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001048286-26-000035.
How this page was built
This page was built from two of Marriott International, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Marriott International, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.