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Stocks / United States / MAR · Hotels & Motels · Nasdaq

Marriott International Inc. /Md/ (MAR)

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Marriott International Inc. /Md/ (MAR) reported revenue of $7.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 4.8% on the same quarter a year earlier. Net income was $766 million, up 0.4% on the year, and diluted earnings per share $2.90. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue$7.1 billionup 4.8%
Net income$766 millionup 0.4%
Diluted EPS$2.90
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin15.8%
Net margin9.6%
FCF margin11.6%
Interest cover5.01
Debt to equityn/a
Cash conversion1.44
Share count, 1 year-3.9%
Sales CAGR, 3 years8.0%
Profit CAGR, 3 years3.3%
EPS, TTM$9.67

At the close of 21 September 2026

Price$342.66
Market cap$89.4 billion
Stock P/E35.44
Price to bookn/a
EV / EBITDAn/a
Dividend yield0.8%
Market cap / sales3.32
52-week high$402.54
52-week low$259.04
Price, 1 year27.6%
Price CAGR, 3 years20.8%
Price CAGR, 5 years18.9%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Marriott International Inc. /Md/ files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MAR

Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 other events; 2 officer or director change; 1 shareholder vote; 1 regulation fd disclosure
Planned insider sales24 Form 144 notices in twelve months, $83.3 million; latest 12 June 2026
Options tapeput/call 0.77 by open interest on 23 September 2026; the straddle prices a 2.3% move to 25 September 2026
Holders8 of the followed funds hold it; largest FMR LLC; 2 Schedule 13D or 13G filings in twelve months
Insider trading12 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.0 million shares short, 5.10 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue5,9286,0955,9776,4396,2556,4296,2636,7446,4896,6906,6547,071
Operating income1,0997188761,1959447529481,2361,1807771,0641,229
Operating margin19%12%15%19%15%12%15%18%18%12%16%17%
Interest expense146153163173179180192203206208214221
Pre-tax income9895817271,0407865987641,0549945828581,044
Tax rate24%-46%22%26%26%24%13%28%27%24%24%27%
Net income752848564772584455665763728445648766
Net margin13%14%9%12%9%7%11%11%11%7%10%11%
Diluted EPS$2.51$2.86$1.93$2.69$2.07$1.64$2.39$2.78$2.67$1.67$2.43$2.90
Operating cash flow8817517797728803186476431,093829858948
Capital expenditure124134109125174342135155142172130152
Free cash flow757617670647706-24.0512488951657728796
Buybacks9429651,1441,0121,0205867517498001,0007001,119
Dividends paid154152151179176176174183182179178192
Shares outstanding294m291m286m282m278m277m274m271m268m266m264m261m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue13,79614,48615,40720,45220,75820,97210,57113,85720,77323,71325,10026,18626,904
Operating income1,1591,3501,4242,5042,3661,80084.01,7503,4623,8643,7674,1414,250
Operating margin8.4%9.3%9.2%12.2%11.4%8.6%0.8%12.6%16.7%16.3%15.0%15.8%15.8%
Interest expense115167234288340394445420403565695809849
Pre-tax income1,0881,2551,2392,9822,3451,599-4661,1803,1143,3783,1513,3943,478
Income tax3353964311,523438326-19981.0756295776793891
Effective tax rate30.8%31.6%34.8%51.1%18.7%20.4%n/a6.9%24.3%8.7%24.6%23.4%25.6%
Net income7538598081,4591,9071,273-2671,0992,3583,0832,3752,6012,587
Net margin5.5%5.9%5.2%7.1%9.2%6.1%-2.5%7.9%11.4%13.0%9.5%9.9%9.6%
Diluted EPS$2.54$3.15$2.64$3.61$5.38$3.80-$0.82$3.34$7.24$10.18$8.33$9.51$9.67
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,2241,5151,6192,2272,3571,6851,6391,1772,3633,1702,7493,2123,728
Capital expenditure411305199240556653135183332452750604596
Free cash flow8131,2101,4201,9871,8011,0321,5049942,0312,7181,9992,6083,132
Free cash flow margin5.9%8.4%9.2%9.7%8.7%4.9%14.2%7.2%9.8%11.5%8.0%10.0%11.6%
Depreciation and amortisation199197244416n/an/an/an/a311348383458n/a
Share-based compensation109113212181184187201182192205237236227
Buybacks1,5101,9175683,0132,8502,2601500.02,5663,9533,7623,3003,619
Dividends paid2232533744825436121560.0321587682718731
Dividend per sharen/an/an/a$1.29$1.56$1.85$0.48n/a$1.00$1.96$2.41$2.64n/a
Diluted shares, weighted297m273m296m380m354m336m326m329m326m303m285m274m264m
Shares outstanding at period end280m265m386m359m339m324m324m326m311m291m277m266m261m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets6,8336,08224,14023,84623,69625,05124,70125,55324,81525,67426,18227,54028,085
Cash and equivalents10496.08583833162258771,393507338396358462
Goodwill8949437,5989,2079,0399,0489,1759,0738,8728,8868,7318,9078,876
Long-term debtn/an/an/an/an/a24714313592.056.055.023.023.0
Long-term debt including finance leases3,4473,8078,1977,8408,5149,9639,2039,3339,38011,32013,13814,99516,455
Operating lease liabilitiesn/an/an/an/a0.08828231,0981,034887794879859
Finance lease liabilitiesn/an/an/an/an/a151146139131123115109n/a
Shareholders' equity-2,200-3,5905,1213,5822,2257034301,414568-682-2,992-3,771-4,525
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.1%19.9%8.0%4.7%
Profit growth, compounded11.7%n/a3.3%4.9%
Return on equity, averagen/an/an/an/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Hotels & Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marriott International Inc. /Md/ MAR$89.4 billion35.44n/a15.8%4.7%n/a0.8%
Hilton Worldwide Holdings Inc. HLT$69.3 billion45.09n/a23.3%8.7%n/a0.2%
LAS Vegas Sands Corp. LVS$26.1 billion15.67297.2%21.5%18.1%23.572.5%
MGM Resorts International MGM$9.7 billion23.3316.9%5.7%3.2%2.410.0%
Wynn Resorts Ltd. WYNN$8.6 billion19.98n/a15.7%6.4%n/a1.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20263 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202510 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202411 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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