Marriott International (MAR) FY2024 results: revenue $25.1 billion, up 5.8% on the year
Marriott International Inc. (MAR) reported revenue of $25.1 billion for fiscal 2024, the year ended 31 December 2024, up 5.8% on the year before. Net income was $2.4 billion, down 23.0%, and diluted earnings per share $8.33. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$25.1 billion
+5.8% on the year
FY2017FY2024
Operating margin
15.0%
16.3% a year earlier
FY2017FY2024
Net income
$2.4 billion
-23.0% on the year
FY2017FY2024
Diluted EPS
$8.33
-18.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,749
3,170
2,363
-13.3%
Capital expenditure
750
452
332
+65.9%
Free cash flow
1,999
2,718
2,031
-26.5%
Free cash flow margin
8.0%
11.5%
9.8%
Cash from investing
-734
-465
-297
Cash from financing
-1,956
-2,864
-2,962
Depreciation and amortisation
383
348
311
+10.1%
Share-based compensation
237
205
192
+15.6%
Buybacks
3,762
3,953
2,566
-4.8%
Dividends paid
682
587
321
+16.2%
Dividend per share
$2.41
$1.96
$1.00
+23.0%
Diluted shares, weighted
285m
303m
326m
-5.8%
Shares outstanding at period end
277m
291m
311m
-4.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-2,992
-682
568
Debt
14,447
11,873
10,064
+21.7%
Operating lease liabilities
794
887
1,034
-10.5%
Finance lease liabilities
115
123
131
-6.5%
Other liabilities
13,818
13,473
13,018
+2.6%
Total liabilities and equity
26,182
25,674
24,815
+2.0%
Fixed assets
1,833
1,581
1,585
+15.9%
Goodwill
8,731
8,886
8,872
-1.7%
Intangible assets
9,488
9,190
8,747
+3.2%
Cash and equivalents
396
338
507
+17.2%
Other assets
5,734
5,679
5,104
+1.0%
Total assets
26,182
25,674
24,815
+2.0%
10-K for the year ended 31 December 2024, filed 11 February 2025: the filing.