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    Marriott International Inc (MAR)

    Financials

    Updated May 6, 2025, 5:13 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Base management fees (USD, millions)321.001,238313330.00312.00333.001,288325
    Franchise fees (USD, millions)705.002,831688818.00812.00795.003,113746
    Incentive management fees (USD, millions)218.00755209195.00159.00206.00769204
    Gross fee revenues (USD, millions)1,244.004,8241,2101,343.001,283.001,334.005,1701,275
    Contract investment amortization (USD, millions)(22.00)(88)(23)(27.00)(26.00)(27.00)(103)(28)
    Net fee revenues (USD, millions)1,222.004,7361,1871,316.001,257.001,307.005,0671,247
    Owned, leased, and other revenue (USD, millions)455.001,564357395.00381.00418.001,551361
    Cost reimbursement revenue (USD, millions)4,418.0017,4134,4334,728.004,617.004,704.0018,4824,655
    Total Revenues (USD, millions)6,095.0023,7135,9776,439.006,255.006,429.0025,1006,263
    Owned, leased, and other - direct (USD, millions)304.001,165286296.00300.00318.001,200296
    Depreciation, amortization, and other (Operating Costs) (USD, millions)51.001894547.0045.0046.0018351
    General, administrative, and other (Operating Costs) (USD, millions)330.001,011261248.00276.00289.001,074245
    Restructuring and merger-related charges (Operating Costs) (USD, millions)--88.009.0052.00771
    Reimbursed expenses (USD, millions)4,684.0017,4244,5014,645.004,681.004,972.0018,7994,722
    Total Operating Costs and Expenses (USD, millions)5,377.0019,8495,1015,244.005,311.005,677.0021,3335,315
    OPERATING INCOME (USD, millions)718.003,8648761,195.00752.00948
    Gains and other income, net (USD, millions)7.004044.007.0016.0031(2)
    Interest expense (USD, millions)(153.00)(565)(163)(173.00)(179.00)(180.00)(695)(192)
    Interest income (USD, millions)9.0030109.0011.0010.00409
    Equity in earnings (USD, millions)0.009--3.000.0081
    INCOME BEFORE INCOME TAXES (USD, millions)581.003,3787271,040.00786.00598.003,151764
    Provision for income taxes (USD, millions)267.00(295)(163)(268.00)(202.00)(143.00)(776)(99)
    NET INCOME (USD, millions)848.003,083564772.00584.002,375665
    Earnings per share – basic (USD)2.8710.231.942.702.072.40
    Earnings per share – diluted (USD)2.8610.181.932.692.071.648.332.39
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and equivalents (USD, millions)338338429394396396523
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (USD, millions)848.003,083564772.00584.00455.002,375665
    Depreciation, amortization, and other (USD, millions)73.002776874.0071.00279.00492136
    Stock-based compensation (USD, millions)58.002055357.0063.0064.0023752
    Income taxes (USD, millions)(505.00)(612)105(107.00)(94.00)(76.00)(172)26
    Contract acquisition costs (USD, millions)(87.00)(221)(80)(41.00)(135.00)(85.00)(341)(131)
    Restructuring and merger-related charges (USD, millions)5.004778.009.00(302.00)(278)(19)
    Working capital changes (USD, millions)210.0069(241)(33.00)112.0080.00(82)(325)
    Other, Operating Activities (USD, millions)(43.00)21119(93.00)224.00(246.00)460
    Net cash provided by operating activities (USD, millions)751.003,170779772.00880.002,749647
    Capital and technology expenditures (USD, millions)(134.00)(452)(109)(125.00)(174.00)(342.00)(135)
    Dispositions (USD, millions)10.007110.003.0012.0016—
    Loan advances (USD, millions)0.00(77)(1)(7.00)(2.00)0.00(10)(12)
    Loan collections (USD, millions)26.006180.002.0026.00365
    Other, Investing Activities (USD, millions)(5.00)3362.007.00--(1)
    Net cash used in investing activities (USD, millions)(102.00)(465)(95)(130.00)(164.00)(345.00)(734)(143)
    Commercial paper/Credit Facility, net (USD, millions)446.00546(685)1,027.00(990.00)811.00163(1,002)
    Issuance of long-term debt (USD, millions)0.001,9181,4680.001,480.000.002,9481,960
    Repayment of long-term debt (USD, millions)(352.00)(684)(2)(552.00)(2.00)(2.00)(558)(352)
    Issuance of Class A Common Stock (USD, millions)0.0029330.0040.000.007345
    Dividends paid (USD, millions)(152.00)(587)(151)(179.00)(176.00)(176.00)(682)(174)
    Purchase of treasury stock (USD, millions)(965.00)(3,953)(1,144)(1,012.00)(1,020.00)(586.00)(3,762)(751)
    Stock-based compensation withholding taxes (USD, millions)(3.00)(108)(121)(4.00)(2.00)(11.00)(138)(109)
    Net cash used in financing activities (USD, millions)(1,026.00)(2,864)(602)(720.00)(670.00)36.00(1,956)(383)
    Liability for guest loyalty program (USD, millions)301301184319365514514183
    CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period (USD, millions)525525366366366366366425
    CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period (USD, millions)366366448370416425425546
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    U.S. & Canada-17,696------
    - Gross Fee Revenues-1,290----5,1701,275
    - Contract Investment Amortization---(27)(26)-(103)(28)
    - Net Fee Revenues---1,3161,257-5,0671,247
    - Owned, Leased, and Other Revenue-937----1,551361
    - Cost Reimbursement Revenue-2,250----18,4824,655
    North American Full-Service Segment--------
    North American Limited-Service Segment--------
    International-4,455------
    Other Unallocated Corporate--------
    Unallocated Corporate and Other-1,562------
    Gross Fee Revenues---1,3431,283-5,1701,275
    Owned, Leased, and Other Revenue---395381-1,551361
    Cost Reimbursement Revenue---4,7284,617-18,4824,655
    Total Revenue6,09523,7135,9776,4396,2556,42925,1006,263
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    U.S. & Canada4,58317,6964,4904,7654,5964,76118,6124,698
    - Gross Fee Revenues--8774822,7082,951709
    - Contract Investment Amortization--(1)(1)(2)-72(76)(20)
    - Net Fee Revenues--8673802,6362,875689
    - Owned, Leased, and Other Revenue--323630339437120
    - Cost Reimbursement Revenue--11612312014,94115,3003,889
    EMEA--5116296356312,406514
    Greater China--148140142152582136
    APEC--23423223028976263
    International1,1984,455----5,512-
    - Revenues outside U.S.-5,160------
    - Cost Reimbursement outside U.S.-2,806----3,018486
    Unallocated Corporate and Other--5946736526052,524652
    North American Full-Service Segment--------
    North American Limited-Service Segment--------
    Total Revenue6,42423,7135,9776,4396,2556,42925,1006,263