$MAR
MARRIOTT INTERNATIONAL INC /MD/
CIK:0001048286|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| REVENUES | ||||||
| Revenue | $ 7,071 | $ 6,744 | $ 13,725 | $ 13,007 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Depreciation, amortization, and other | 115 | 53 | 169 | 104 | ||
| General and administrative | [1] | 220 | 210 | 439 | 419 | |
| Restructuring and merger-related (recoveries) charges, and other | (10) | 8 | (6) | 9 | ||
| Costs and expenses | 5,842 | 5,508 | 11,432 | 10,823 | ||
| OPERATING INCOME | 1,229 | 1,236 | 2,293 | 2,184 | ||
| Gains and other income, net | 11 | 5 | 14 | 3 | ||
| Interest expense | (221) | (203) | (435) | (395) | ||
| Interest income | 20 | 12 | 30 | 21 | ||
| Equity in earnings | 5 | 4 | 0 | 5 | ||
| INCOME BEFORE INCOME TAXES | 1,044 | 1,054 | 1,902 | 1,818 | ||
| Provision for income taxes | (278) | (291) | (488) | (390) | ||
| NET INCOME | $ 766 | $ 763 | $ 1,414 | $ 1,428 | ||
| EARNINGS PER SHARE | ||||||
| Earnings per share - basic (in USD per share) | $ 2.90 | $ 2.78 | $ 5.34 | $ 5.18 | ||
| Earnings per share - diluted (in USD per share) | $ 2.90 | $ 2.78 | $ 5.32 | $ 5.17 | ||
| Net fee revenues | ||||||
| REVENUES | ||||||
| Gross fee revenues | $ 1,578 | $ 1,400 | $ 3,011 | $ 2,675 | ||
| Contract investment amortization | (31) | (29) | (66) | (57) | ||
| Revenue | 1,547 | 1,371 | 2,945 | 2,618 | ||
| Franchise fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 1,023 | 860 | 1,895 | 1,606 | ||
| Base management fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 343 | 340 | 682 | 665 | ||
| Incentive management fees | ||||||
| REVENUES | ||||||
| Gross fee revenues | 212 | 200 | 434 | 404 | ||
| Owned, leased, and other | ||||||
| REVENUES | ||||||
| Revenue | 466 | 441 | 878 | 802 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Operating costs | [1] | 417 | 363 | 794 | 695 | |
| Reimbursements | ||||||
| REVENUES | ||||||
| Revenue | 5,058 | 4,932 | 9,902 | 9,587 | ||
| OPERATING COSTS AND EXPENSES | ||||||
| Operating costs | $ 5,100 | $ 4,874 | $ 10,036 | $ 9,596 | ||
| ||||||
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets | ||
| Cash and equivalents | $ 462 | $ 358 |
| Accounts and notes receivable, net | 3,338 | 2,909 |
| Prepaid expenses and other | 426 | 317 |
| Assets, current, total | 4,226 | 3,584 |
| Property and equipment, net | 1,837 | 1,954 |
| Intangible assets | ||
| Goodwill | 8,876 | 8,907 |
| Goodwill and intangible assets, net, total | 19,341 | 19,243 |
| Equity method investments | 340 | 298 |
| Notes receivable, net | 62 | 151 |
| Deferred tax assets | 524 | 570 |
| Operating lease assets | 922 | 941 |
| Other noncurrent assets | 833 | 799 |
| Total assets | 28,085 | 27,540 |
| Current liabilities | ||
| Current portion of long-term debt | 460 | 1,209 |
| Accounts payable | 819 | 814 |
| Accrued payroll and benefits | 1,300 | 1,438 |
| Accrued expenses and other | 1,645 | 1,440 |
| Liabilities, current, total | 7,904 | 8,398 |
| Long-term debt | 16,455 | 14,995 |
| Deferred tax liabilities | 99 | 79 |
| Operating lease liabilities | 859 | 879 |
| Other noncurrent liabilities | 1,242 | 1,265 |
| Stockholders’ deficit | ||
| Class A Common Stock | 5 | 5 |
| Additional paid-in-capital | 6,374 | 6,352 |
| Retained earnings | 19,458 | 18,414 |
| Treasury stock, at cost | (29,677) | (27,900) |
| Accumulated other comprehensive loss | (685) | (642) |
| Stockholders’ deficit | (4,525) | (3,771) |
| Liabilities and equity, total | 28,085 | 27,540 |
| Liability for guest loyalty program | ||
| Current liabilities | ||
| Liability for guest loyalty program | 3,680 | 3,497 |
| Contract with customer liabilities | 4,764 | 4,495 |
| Deferred revenue | ||
| Current liabilities | ||
| Contract with customer liabilities | 1,287 | 1,200 |
| Brands | ||
| Intangible assets | ||
| Intangible assets | 6,182 | 6,207 |
| Contract acquisition costs and other | ||
| Intangible assets | ||
| Intangible assets | $ 4,283 | $ 4,129 |