MARRIOTT INTERNATIONAL INC /MD/ MAR

Consumer discretionary SIC 7011 - Hotels & Motels NAICS Accommodation and Food Services › Accommodation › Traveler Accommodation derived Nasdaq

We are a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points. Consistent with our focus on franchising, management, and licensing, we own or lease very few of our lodging properties (less than one percent of our system). As of year-end 2025, our system included 9,805 properties (1,779,936 rooms) in 145 countries and territories, and we also had approximately 4,100 properties (nearly 610,000 rooms) in our development pipeline.

We discuss our operations in the following reportable business segments: (1) U.S. & Canada, (2) Europe, Middle East & Africa ("EMEA"), (3) Greater China, and (4) Asia Pacific excluding China ("APEC"). Our Caribbean & Latin America ("CALA") operating segment does not meet the applicable accounting criteria for separate disclosure as a reportable business segment, and as such, we include its results in "Unallocated corporate and other." See Note 14 for more information.

Last close 390.71 2026-10-23
Market cap $101.88B 2026-06-30 share count
52-week range 256.76 - 410.98

Valuation FY2025 figures against the last close

P/S3.9x
P/E41.1x
P/FCF39.1x
EV/EBITDA23.7x
Dividend yield0.7%
Diluted EPS9.51

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $26.19B$25.10B$23.71B$20.77B$13.86B$10.57B$20.97B$20.76B$20.45B$15.41B
SG&A $870.0M$945.0M$867.0M$891.0M$823.0M$762.0M$938.0M$927.0M$921.0M$743.0M
Total operating expenses $22.05B$21.33B$19.85B$17.31B$12.11B$10.49B$19.17B$18.39B$17.95B$13.98B
Operating income $4.14B$3.77B$3.86B$3.46B$1.75B$84.0M$1.80B$2.37B$2.50B$1.42B
Interest expense $809.0M$695.0M$565.0M$403.0M$420.0M$445.0M$394.0M$340.0M$288.0M$234.0M
Pre-tax income $3.39B$3.15B$3.38B$3.11B$1.18B-$466.0M$1.60B$2.35B$2.98B$1.24B
Income tax $793.0M$776.0M$295.0M$756.0M$81.0M$199.0M$326.0M$438.0M$1.52B$431.0M
Net income $2.60B$2.38B$3.08B$2.36B$1.10B-$267.0M$1.27B$1.91B$1.46B$808.0M
EPS, basic 9.538.3610.237.273.36-0.823.835.453.892.78
EPS, diluted 9.518.3310.187.243.34-0.823.805.383.842.73
Shares, diluted (wtd. avg.) 273.6M285.2M302.9M325.8M329.3M325.8M335.5M354.2M379.9M295.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $358.0M$396.0M$366.0M$525.0M$1.42B$894.0M$253.0M$360.0M$429.0M$887.0M
Total current assets $3.58B$3.48B$3.31B$3.31B$3.63B$2.83B$3.13B$2.71B$2.74B$3.37B
Property, plant and equipment $1.95B$1.83B$1.58B$1.58B$1.50B$1.51B$1.90B$1.96B$1.79B$2.33B
Goodwill $8.91B$8.73B$8.89B$8.87B$9.07B$9.18B$9.05B$9.04B$9.21B$7.60B
Other intangibles $10.34B$9.49B$9.19B$8.75B$8.93B$8.99B$8.64B$8.38B$8.54B$9.27B
Total assets $27.54B$26.18B$25.67B$24.82B$25.55B$24.70B$25.05B$23.70B$23.85B$24.14B
Total current liabilities $8.40B$8.65B$7.76B$7.34B$6.41B$5.75B$6.68B$6.44B$5.81B$5.15B
Long-term debt $23.0M$55.0M$56.0M$92.0M$135.0M$143.0M$247.0M———
Retained earnings $18.41B$16.53B$14.84B$12.34B$10.30B$9.21B$9.64B$8.98B$7.24B$6.50B
Total equity -$3.77B-$2.99B-$682.0M$568.0M$1.41B$430.0M$703.0M$2.23B$3.58B$5.12B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.21B$2.75B$3.17B$2.36B$1.18B$1.64B$1.69B$2.36B$2.23B$1.62B
Depreciation and amortisation $145.0M$128.0M$122.0M$114.0M$138.0M$322.0M$346.0M$256.0M$231.0M$157.0M
Stock-based compensation $236.0M$237.0M$205.0M$192.0M$182.0M$201.0M$187.0M$184.0M$181.0M$212.0M
Capital expenditure $604.0M$750.0M$452.0M$332.0M$183.0M$135.0M$653.0M$556.0M$240.0M$199.0M
Investing cash flow -$948.0M-$734.0M-$465.0M-$297.0M-$187.0M$35.0M-$284.0M-$52.0M$1.21B-$2.35B
Financing cash flow -$2.32B-$1.96B-$2.86B-$2.96B-$463.0M-$1.03B-$1.51B-$2.37B-$3.90B$1.50B
Dividends paid $718.0M$682.0M$587.0M$321.0M$0$156.0M$612.0M$543.0M$482.0M$374.0M
Buybacks $3.30B$3.76B$3.95B$2.57B$0$150.0M$2.26B$2.85B$3.01B$568.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001048286-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 15.4B Net income, FY2016: 808M Revenue, FY2017: 20.5B Net income, FY2017: 1.5B Revenue, FY2018: 20.8B Net income, FY2018: 1.9B Revenue, FY2019: 21B Net income, FY2019: 1.3B Revenue, FY2020: 10.6B Net income, FY2020: -267M Revenue, FY2021: 13.9B Net income, FY2021: 1.1B Revenue, FY2022: 20.8B Net income, FY2022: 2.4B Revenue, FY2023: 23.7B Net income, FY2023: 3.1B Revenue, FY2024: 25.1B Net income, FY2024: 2.4B Revenue, FY2025: 26.2B Net income, FY2025: 2.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.41B $20.45B $20.76B $20.97B $10.57B $13.86B $20.77B $23.71B $25.10B $26.19B
Gross profit — — — — — — — — — —
Net income $808.0M $1.46B $1.91B $1.27B -$267.0M $1.10B $2.36B $3.08B $2.38B $2.60B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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CZR Caesars Entertainment, Inc. $5.87B — 2.1%
WH WYNDHAM HOTELS & RESORTS, INC. $5.37B 29.0x 1.8%
BYD BOYD GAMING CORP $5.21B 3.2x 4.1%