Every 10-Q that Marriott International, Inc. (MAR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAR filings page.
Marriott International, Inc. reported second-quarter 2026 revenue of $7,071 million and net income of $766 million, compared with $6,744 million and $763 million a year earlier. Diluted earnings per share were $2.90 versus $2.78. For the first half of 2026, revenue was $13,725 million and net income $1,414 million.
Worldwide comparable systemwide RevPAR rose 3.4% in the quarter and 3.8% for the first half, driven mainly by higher ADR, with U.S. & Canada RevPAR up 5.0% and International modestly weaker due to Middle East conflict impacts. The system reached 10,082 properties and 1.81 million rooms, with nearly 4,200 properties (about 629,000 rooms) in the development pipeline. Operating cash flow was $1,806 million in the first half, funding $1.82 billion of share repurchases, $370 million of dividends, and $282 million of capital and technology spending. Long-term debt rose to $16,455 million after issuing $600 million of 4.500% notes due 2033 and $850 million of 5.100% notes due 2038. Results include a $68 million impairment on a U.S. & Canada hotel and a Starwood data incident loss accrual that management characterizes as not material.
Marriott International reported solid Q1 2026 operating results with modest earnings pressure from taxes. Revenue rose to $6.654 billion from $6.263 billion, and operating income increased to $1.064 billion from $948 million. Net income was $648 million versus $665 million, as the effective tax rate climbed to 24.5% from 13.0%. Diluted EPS edged up to $2.43 from $2.39 on a lower share count.
Worldwide systemwide RevPAR increased 4.2%, driven by a 3.1% gain in average daily rate and better occupancy, with U.S. & Canada RevPAR up 4.0% and International up 4.6%. Cash from operations was $858 million, supporting $700 million of share repurchases and a $0.67 per-share dividend. Total debt reached $16.53 billion after issuing $600 million of 4.500% Series WW Notes due 2033 and $850 million of 5.100% Series XX Notes due 2038. Management expects a $65–$70 million impairment in Q2 tied to a planned U.S. & Canada hotel sale and continues to record a non-material accrual related to the Starwood data security litigation.
Marriott International (MAR) reported stronger Q3 2025 results. Revenue rose to $6.489 billion from $6.255 billion, operating income increased to $1.180 billion from $0.944 billion, and net income reached $728 million versus $584 million. Diluted EPS was $2.67, up from $2.07. Net fee revenues grew 4% to $1.309 billion, while cost reimbursements were modestly positive.
Worldwide systemwide RevPAR increased 0.5% in the quarter, driven by a 0.9% gain in average daily rate. U.S. & Canada RevPAR fell 0.4% amid softer select‑service and group demand, while International RevPAR rose 2.6%. Segment profit improved notably in U.S. & Canada to $680 million, aided by owned/leased results and lower G&A.
Marriott closed the citizenM brand acquisition for $355 million and allocated $289 million to an indefinite‑lived brand asset; potential earn‑outs up to $110 million may follow. The company issued new notes in February and August, lifting long‑term debt to $14.442 billion. Operating cash flow was $2.383 billion year‑to‑date; Q3 buybacks totaled 3.0 million shares for $0.8 billion, with 268.4 million shares outstanding as of October 27, 2025.
Marriott International (MAR) Q2 2025 10-Q highlights: Revenue rose 4.7% to $6.74 bn, driven by 5% franchise-fee growth and 12% owned/leased revenue growth. Operating income advanced 3% to $1.24 bn, but a higher tax provision kept net income nearly flat at $763 m (-1%). Diluted EPS increased 3% to $2.78 thanks to aggressive share buybacks (2.8 m shares; $0.7 bn in Q2).
First-half 2025: Revenue up 4.8% to $13.0 bn; net income up 6.9% to $1.43 bn; diluted EPS up 12% to $5.17. Cash from operations reached $1.29 bn, funding $1.5 bn YTD share repurchases and $357 m dividends.
Balance sheet: Cash & equivalents $671 m (+69% vs. YE-24). Long-term debt grew to $14.5 bn after issuing $2.0 bn of 5.1–5.5% notes; net debt leverage remains within credit-facility covenant (max 4.5x).
Operations: Worldwide comparable RevPAR up 1.5% in Q2 (2.8% YTD) on 1.9% ADR lift; U.S.&Canada flat, International +5.3%. Net room additions ~29,500; system now 9,601 hotels/1.74 m rooms. 2025 net room growth expected to approach 5%.
Strategic moves: Signed and closed acquisition of the 37-hotel citizenM brand for $355 m (plus up to $110 m earn-out), to be consolidated in Q3.
Guidance & liquidity: Capital plan $1.4 bn for FY-25, funded by cash flow and credit lines. 8.1 m shares remain under the current repurchase authorization.