Saturday 31 October 2026 Export MAR’s income statement to Excel — free account

Marriott International, Inc.

Marriott International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.2 billion, up 4.33% from fiscal 2024. In the quarter to June 2026, revenue grew 4.85%, EPS grew 4.32%, free cash flow grew 81.8% and total debt rose 8.05%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for five.

399.69 0.04 +0.01%

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Market cap: $104.2B
P/E: 41.3×
Fwd P/E: 34.9×
Dividend yield: 0.70%
F-score: 8/9
Altman Z: 3.80
Beneish M: −2.55
Dividend safety: 72/100

Overview Business Profile Earnings & Analysis Segments Filings

Marriott International, Inc. (MAR) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Reimbursements	19,204	73.34%
Net fee revenues	5,303	20.25%
Owned, leased, and other	1,679	6.41%
Gross margin		19.94%
Operating margin		15.81%
Pre-tax margin		12.96%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Reimbursements	19,204 73.34%	18,482 73.63%	17,413 73.43%	15,417 74.22%	10,442 75.36%	8,452 79.95%	15,599 74.38%	15,543 74.88%	14,864 72.68%	11,433 74.21%
Net fee revenues	5,303 20.25%	5,067 20.19%	4,736 19.97%	3,989 19.20%	2,619 18.90%	1,551 14.67%	3,761 17.93%	3,580 17.25%	2,901 14.18%	2,105 13.66%
Owned, leased, and other	1,679 6.41%	1,551 6.18%	1,564 6.60%	1,367 6.58%	749 5.41%	515 4.87%	1,556 7.42%	1,466 7.06%	1,705 8.34%	1,074 6.97%
Other, not broken out	—	—	—	—	—	53 0.50%	—	169 0.81%	982 4.80%	795 5.16%
Revenue	26,186	25,100	23,713	20,773	13,857	10,571	20,972	20,758	20,452	15,407

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Reimbursements	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Owned, leased, and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2023	FY2021	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
U.S. & Canada	17,696 74.63%	10,356 74.73%	16,833 80.26%	16,289 78.47%	12,909 63.12%	9,424 61.17%	8,825 60.92%	8,323 60.33%	7,978 62.41%	7,276 61.59%	5,450 44.25%	5,159 44.13%	4,892 44.85%	5,631 43.72%
EMEA	2,268 9.56%	—	—	—	—	—	—	—	—	—	—	—	—	—
APEC	830 3.50%	—	—	—	—	—	—	—	—	—	—	—	—	—
Greater China	600 2.53%	—	—	—	—	—	—	—	—	—	—	—	—	—
International	—	2,254 16.27%	3,544 16.90%	—	—	—	—	2,255 16.35%	1,957 15.31%	1,794 15.19%	1,278 10.38%	1,188 10.16%	1,096 10.05%	1,544 11.99%
Europe, Middle East and Africa	—	—	—	1,869 9.00%	—	—	—	—	—	—	—	—	—	—
Asia Pacific	—	—	—	1,118 5.39%	1,054 5.15%	631 4.10%	516 3.56%	—	—	—	—	—	—	—
North American Limited Service	—	—	—	—	3,219 15.74%	2,894 18.78%	3,193 22.04%	2,962 21.47%	2,583 20.20%	2,456 20.79%	2,358 19.14%	2,150 18.39%	1,986 18.21%	2,233 17.34%
Other International Segments	—	—	—	—	2,288 11.19%	1,663 10.79%	1,684 11.63%	—	—	—	—	—	—	—
Luxury	—	—	—	—	—	—	—	—	—	—	1,673 13.58%	1,563 13.37%	1,413 12.95%	1,659 12.88%
Timeshare	—	—	—	—	—	—	—	—	—	—	1,438 11.67%	1,551 13.27%	1,444 13.24%	1,750 13.59%
Unallocated Amount to Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	80 0.68%	77 0.71%	62 0.48%
Other, not broken out	2,319 9.78%	1,247 9.00%	595 2.84%	1,482 7.14%	982 4.80%	795 5.16%	268 1.85%	256 1.86%	266 2.08%	288 2.44%	120 0.97%	—	—	—
Reportable Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	11,611	10,831	12,817
Revenue	23,713	13,857	20,972	20,758	20,452	15,407	14,486	13,796	12,784	11,814	12,317	11,691	10,908	12,879

Operating income by segment $m, and margin

	FY2023	FY2021	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
U.S. & Canada	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
EMEA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
APEC	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Greater China	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Europe, Middle East and Africa	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
North American Limited Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other International Segments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Comparable systemwide constant dollar RevPAR growth in international markets	Q1 FY2026	4.60%	5.90%	—
Comparable systemwide constant dollar RevPAR growth in U.S. & Canada	Q2 FY2026	5.00%	—	—
Comparable systemwide constant dollar RevPAR growth worldwide	Q2 FY2026	3.40%	—	—
Global lodging system properties	Q2 FY2026	10.1K	9.6K	+5.01%
Global lodging system rooms	Q2 FY2026	1.8M	1.7M	+4.49%
Marriott Bonvoy members	Q1 FY2026	283.0M	—	—
Net rooms added	Q2 FY2026	17.9K	17.3K	+3.47%
Net rooms growth	Q2 FY2026	4.50%	4.70%	—
Pipeline properties approved for development, but not yet subject to signed contracts	Q2 FY2026	253.00	234.00	+8.12%
Pipeline properties under construction	Q2 FY2026	1.8K	—	—
Pipeline rooms approved for development, but not yet subject to signed contracts	Q2 FY2026	34.0K	—	—
Pipeline rooms under construction	Q2 FY2026	279.0K	—	—
Worldwide development pipeline properties	Q2 FY2026	4.2K	3.9K	+8.50%
Worldwide development pipeline rooms	Q2 FY2026	629.0K	590.0K	+6.61%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Comparable systemwide constant dollar RevPAR growth in international markets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable systemwide constant dollar RevPAR growth in U.S. & Canada	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable systemwide constant dollar RevPAR growth worldwide	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global lodging system properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global lodging system rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marriott Bonvoy members	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net rooms added	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net rooms growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline properties approved for development, but not yet subject to signed contracts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline properties under construction	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline rooms approved for development, but not yet subject to signed contracts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline rooms under construction	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Worldwide development pipeline properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Worldwide development pipeline rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.