Marriott International, Inc.

MAR Consumer Cyclical Lodging

Marriott International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.2 billion, up 4.33% from fiscal 2024.

Revenue
+7.95%
EPS
+13.7%
Free cash flow
+113.9%
Total debt
+5.28%

Quarter to September 2026, against a year earlier

417.19 7.68 −1.81%
Market cap
$107.5B
P/E
41.5×
Fwd P/E
35.7×
Dividend yield
0.67%
F-score
8/9
Altman Z
3.80
Beneish M
−2.55
Dividend safety
72/100

Marriott International, Inc. (MAR) Gross margin

Alert me on Gross margin

Marriott International, Inc.'s gross margin over the twelve months to 30 September 2026 was 20.2%, up 0.3 percentage points from fiscal 2025 (19.9%). Over the past ten years it has ranged from 13.8% (fiscal 2020) to 93.1% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Lodging industry median of 37.0% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 19.9% 0.13
FY2024 19.8% (1.19)
FY2023 21.0% (0.94)
FY2022 21.9% 1.73
FY2021 20.2% 6.41
FY2020 13.8% (1.54)
FY2019 15.3% (2.36)
FY2018 17.7% (75.40)
FY2017 93.1% 75.76
FY2016 17.3% 2.68

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 22.0% 0.05
Jun 2026 22.0% 1.83
Mar 2026 20.2% 3.62
Dec 2025 16.5% (5.04)
43 more quarters

Against its own ten years

Low 13.8% High 93.1%
Ten-year median 19.8%
Current reading's percentile 65

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on MAR