Inferra AIResearch Tools

Inferra AI / Company / MAR

Marriott International

MAR · Consumer Discretionary

Last earnings Aug 3, 2026

Key results

EPSquarter

$2.78

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted EPSquarter

$2.65

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net incomequarter

$763 million

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted net incomequarter

$728 million

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Operating incomequarter

$1,236 million

Ma rriott s reported operating income totaled $1,236 million in the 2025 second quarter, compared to 2024 second quarter reported operating income of $1,195 million.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Reported net incomequarter

$763 million

Reported net income totaled $763 million in the 2025 second quarter, a 1 percent decrease compared to 2024 second quarter reported net income of $772 million.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Reported diluted earnings per share (EPS) totaled $2.78 in the quarter, compared to reported diluted EPS of $2.69 in the year-ago quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted operating incomequarter

$1,186 million

Adjusted operating income in the 2025 second quarter totaled $1,186 million, compared to 2024 second quarter adjusted operating income of $1,120 million.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Second quarter 2025 adjusted net income totaled $728 million, compared to 2024 second quarter adjusted net income of $716 million.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted diluted EPS in the 2025 second quarter totaled $2.65, compared to adjusted diluted EPS of $2.50 in the year-ago quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

EPSfull-year

286.7

Diluted shares 274.7 286.7 1 Franchise fees include fees from our franchise and license agreements for lodging properties (including our timeshare properties), application and relicensing fees, co-branded credit card fees, and residential branding fees. 2 Contract investment amortization includes amortization of capitalized costs to obtain contracts with customers and any related impairments. 3

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Operating expensesquarter

$6 million

operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses. 6 Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of acquired contracts, software, and other definite-lived intangible assets, and any related impairments, accelerations, or write-offs. 7 General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses. 8

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

AI analysis

Q2 2025 · reported Aug 5, 2025

Based on: Earnings release + parent 8-K — transcript not held

EPS · Q2 2025
$2.78
Full year: 286.7
EX-99 · Aug 5, 2025
Net income · Q2 2025
$763M
EX-99 · Aug 5, 2025
Operating income · Q2 2025
$1,236M
EX-99 · Aug 5, 2025
Adjusted EPS · Q2 2025
$2.65
EX-99 · Aug 5, 2025

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

0133267400$2.78Q2 2025 (quarter)286.7Latest fiscal year

EX-99 · Aug 5, 2025 EPS values as stated in the release.

Headline figures

MetricQ2 2025Prior qtrYear ago
EPS$2.78——
Adjusted EPS$2.65——
Net income$763 million——
Adjusted net income$728 million——
Operating income$1,236 million——
Reported net income$763 million——
Adjusted operating income$1,186 million——
Operating expenses$6 million——

EX-99 · Aug 5, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST THIRD QUARTER 2025 ($ in millions) Range Estimated Third Quarter 2025 Third Quarter 2024 Net income excluding certain items 1 $ 629 $ 651 Interest expense 207 207 Interest expense from unconsolidated joint ventures 1 1 Provision for income taxes 237 245 Depreciation and amortization 52 52 Contract investment amortization 30 30 Depreciation and amortization classified in reimbursed expenses 68 68 Depreciation, amortization, and impairments from unconsolidated joint ventures 6 6 Stock-based compensation 58 58 Adjusted EBITDA $ 1,288 $ 1,318 $ 1,229 Increase over 2024 Adjusted EBITDA 5 % 7 % Denotes non-GAAP financial measures.”

Company outlook

“NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST FULL YEAR 2025 ($ in millions) Range Estimated Full Year 2025 Full Year 2024 Net income excluding certain items 1 $ 2,771 $ 2,833 Interest expense 815 815 Interest expense from unconsolidated joint ventures 7 7 Provision for income taxes 889 912 Depreciation and amortization 205 205 Contract investment amortization 120 120 Depreciation and amortization classified in reimbursed expenses 260 260 Depreciation, amortization, and impairments from unconsolidated joint ventures 18 18 Stock-based compensation 225 225 Adjusted EBITDA $ 5,310 $ 5,395 $ 4,981 Increase over 2024 Adjusted EBITDA 7 % 8 % Denotes non-GAAP financial measures.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

EPS$2.78
Adjusted EPS$2.65
Net income$763M
Adjusted net income$728M
Dividend$2.1B

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

EX-99 2 mar-2025q2xex99earningsrel.htm EX-99 Document NEWS Marriott International Reports Second Quarter 2025 Results Second quarter 2025 RevPAR 1 increased 1.5 percent worldwide, with 5.3 percent growth in international markets and U.S

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST THIRD QUARTER 2025 ($ in millions) Range Estimated Third Quarter 2025 Third Quarter 2024 Net income excluding certain items 1 $ 629 $ 651 Interest expense 207 207 Interest expense from unconsolidated joint ventures 1 1 Provision for income taxes 237 245 Depreciation and amortization 52 52 Contract investment amortization 30 30 Depreciation and amortization classified in reimbursed expenses 68 68 Depreciation, amortization, and impairments from unconsolidated joint ventures 6 6 Stock-based compensation 58 58 Adjusted EBITDA $ 1,288 $ 1,318 $ 1,229 Increase over 2024 Adjusted EBITDA 5 % 7 % Denotes non-GAAP financial measures.”

Company outlook: “NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST FULL YEAR 2025 ($ in millions) Range Estimated Full Year 2025 Full Year 2024 Net income excluding certain items 1 $ 2,771 $ 2,833 Interest expense 815 815 Interest expense from unconsolidated joint ventures 7 7 Provision for income taxes 889 912 Depreciation and amortization 205 205 Contract investment amortization 120 120 Depreciation and amortization classified in reimbursed expenses 260 260 Depreciation, amortization, and impairments from unconsolidated joint ventures 18 18 Stock-based compensation 225 225 Adjusted EBITDA $ 5,310 $ 5,395 $ 4,981 Increase over 2024 Adjusted EBITDA 7 % 8 % Denotes non-GAAP financial measures.”

Company outlook — Raised (“Increase”)
“NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST THIRD QUARTER 2025 ($ in millions) Range Estimated Third Quarter 2025 Third Quarter 2024 Net income excluding certain items 1 $ 629 $ 651 Interest expense 207 207 Interest expense from unconsolidated joint ventures 1 1 Provision for income taxes 237 245 Depreciation and amortization 52 52 Contract investment amortization 30 30 Depreciation and amortization classified in reimbursed expenses 68 68 Depreciation, amortization, and impairments from unconsolidated joint ventures 6 6 Stock-based compensation 58 58 Adjusted EBITDA $ 1,288 $ 1,318 $ 1,229 Increase over 2024 Adjusted EBITDA 5 % 7 % Denotes non-GAAP financial measures.”

Company outlook — Raised (“Increase”)
“NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA FORECAST FULL YEAR 2025 ($ in millions) Range Estimated Full Year 2025 Full Year 2024 Net income excluding certain items 1 $ 2,771 $ 2,833 Interest expense 815 815 Interest expense from unconsolidated joint ventures 7 7 Provision for income taxes 889 912 Depreciation and amortization 205 205 Contract investment amortization 120 120 Depreciation and amortization classified in reimbursed expenses 260 260 Depreciation, amortization, and impairments from unconsolidated joint ventures 18 18 Stock-based compensation 225 225 Adjusted EBITDA $ 5,310 $ 5,395 $ 4,981 Increase over 2024 Adjusted EBITDA 7 % 8 % Denotes non-GAAP financial measures.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Canada RevPAR in line with the year-ago quarter Second quarter reported diluted EPS totaled $2.78 and adjusted diluted EPS totaled $2.65 Second quarter reported net income totaled $763 million and adjusted net income totaled $728 million Second quarter adjusted EBITDA totaled $1,415 million The company added roughly 17,300 net rooms during the quarter and net rooms grew 4.7% from the end of the second quarter of 2024 At the end of the quarter, Marriott s worldwide development pipeline reached a new record and totaled approximately 3,900 properties and over 590,000 rooms The company repurchased 2.8 million shares of common stock for $0.7 billion in the 2025 second quarter.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Year to date through July 30 , the company has return ed approximately $2.1 billion to shareholders through dividends and share repurchases Fo r a summary of quarterly highlights, please visit https news.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Year to date through July 30, we have returned approximately $2.1 billion to our shareholders through share repurchases and dividends, and we remain on track to return approximately $4 billion for full year 2025.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The increase was largely due to higher interest expense associated with higher debt balances.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Balance S heet Common Stock At the end of the quarter, Marriott s total debt was $15.7 billion and cash and equivalents totaled $0.7 billion, compared to $14.4 billion in d ebt and $0.4 billion of cash and equivalents at year-end 2024.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The company repurchased 2.8 million shares of common stock in the 2025 second quarter for $0.7 billion.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Strategy & priorities

With our strategy to be everywhere our guests want us to be, we expanded our industry leading global brand portfolio with the launch of Series by Marriott , a new regional collection brand targeting the midscale and upscale segments.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Membership reached nearly 248 million members at the end of June, and we are deepening engagement through unique experiences and strategic collaborations.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Risks & headwinds

Anthony Capuano, President and Chief Executive Officer, said, Marriott delivered another solid quarter, highlighted by strong financial results and robust net rooms growth despite heightened macro-economic uncertainty.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including uncertainty resulting from economic, political or other global, national, and regional conditions and events, including related to tariffs, trade, travel and other policies and the risk factors that we describe in our U.

SEC original ↗Marriott International — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

62 documents

Earnings releases

20 documents

Presentations

0 documents

No presentations for Marriott International are held in this edition of the library.

Transcripts

0 documents

No transcripts for Marriott International are held in this edition of the library.

Mentioned by

12 companies

Other tracked companies whose held documents mention Marriott International by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.