Marriott International Inc. (MAR) financial statements: income statement, balance sheet and cash flow
Marriott International Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Marriott International Inc. reported revenue of $26.2B (+4.3% year on year) and net income of $2.6B (+9.5% year on year).
Income statement
Marriott International Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Gross fee revenues
$5.4B
$5.2B
$4.8B
$8.2B
Contract investment amortization
($135.0M)
($103.0M)
($88.0M)
($89.0M)
Revenue
$26.2B
$25.1B
$23.7B
$20.8B
Operating costs
$21.0B
$20.0B
$18.6B
$16.2B
Depreciation, amortization, and other
$213.0M
$183.0M
$189.0M
$193.0M
General and administrative
$870.0M
$1.1B
$1.0B
$891.0M
Restructuring and merger-related (recoveries) charges, and other
($2.0M)
—
—
—
Costs and expenses
$22.0B
$21.3B
$19.8B
$17.3B
OPERATING INCOME
$4.1B
$3.8B
$3.9B
$3.5B
Gains and other income, net
$9.0M
$31.0M
$40.0M
$11.0M
Interest expense
($809.0M)
($695.0M)
($565.0M)
($403.0M)
Interest income
$42.0M
$40.0M
$30.0M
$26.0M
Equity in earnings
$11.0M
$8.0M
$9.0M
$18.0M
INCOME BEFORE INCOME TAXES
$3.4B
$3.2B
$3.4B
$3.1B
Provision for income taxes
($793.0M)
($776.0M)
($295.0M)
($756.0M)
NET INCOME
$2.6B
$2.4B
$3.1B
$2.4B
Earnings per share - basic (in USD per share)
$9.53
$8.36
$10.23
$7.27
Earnings per share - diluted (in USD per share)
$9.51
$8.33
$10.18
$7.24
Marriott International Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Gross fee revenues
$1.6B
$1.4B
$1.3B
$1.4B
Contract investment amortization
($31.0M)
($35.0M)
($29.0M)
($29.0M)
Revenue
$7.1B
$6.7B
$6.5B
$6.7B
Operating costs
$5.5B
$5.3B
$5.1B
$5.2B
Depreciation, amortization, and other
$115.0M
$54.0M
$50.0M
$53.0M
General and administrative
$220.0M
$219.0M
$234.0M
$245.0M
Restructuring and merger-related (recoveries) charges, and other
($10.0M)
$4.0M
($40.0M)
—
Costs and expenses
$5.8B
$5.6B
$5.3B
$5.5B
OPERATING INCOME
$1.2B
$1.1B
$1.2B
$1.2B
Gains and other income, net
$11.0M
$3.0M
$3.0M
$5.0M
Interest expense
($221.0M)
($214.0M)
($206.0M)
($203.0M)
Interest income
$20.0M
$10.0M
$12.0M
$12.0M
Equity in earnings
$5.0M
($5.0M)
$5.0M
$4.0M
INCOME BEFORE INCOME TAXES
$1.0B
$858.0M
$994.0M
$1.1B
Provision for income taxes
($278.0M)
($210.0M)
($266.0M)
($291.0M)
NET INCOME
$766.0M
$648.0M
$728.0M
$763.0M
Earnings per share - basic (in USD per share)
$2.90
$2.44
$2.68
$2.78
Earnings per share - diluted (in USD per share)
$2.90
$2.43
$2.67
$2.78
Balance sheet
Marriott International Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and equivalents
$358.0M
$396.0M
$338.0M
$507.0M
Accounts and notes receivable, net
$2.9B
$2.8B
$2.7B
$2.6B
Prepaid expenses and other
$317.0M
$294.0M
$261.0M
$235.0M
Total current assets
$3.6B
$3.5B
$3.3B
$3.3B
Property and equipment, net
$2.0B
$1.8B
$1.6B
$1.6B
Intangible assets
$10.3B
$9.5B
$9.2B
$8.7B
Goodwill
$8.9B
$8.7B
$8.9B
$8.9B
Goodwill and intangible assets, net, total
$19.2B
$18.2B
$18.1B
$17.6B
Equity method investments
$298.0M
$298.0M
$308.0M
$335.0M
Notes receivable, net
$151.0M
$136.0M
$138.0M
$152.0M
Deferred tax assets
$570.0M
$650.0M
$673.0M
$240.0M
Operating lease assets
$941.0M
$845.0M
$929.0M
$987.0M
Other noncurrent assets
$799.0M
$716.0M
$658.0M
$584.0M
Total assets
$27.5B
$26.2B
$25.7B
$24.8B
Current portion of long-term debt
$1.2B
$1.3B
$553.0M
$684.0M
Accounts payable
$814.0M
$763.0M
$738.0M
$746.0M
Accrued payroll and benefits
$1.4B
$1.4B
$1.4B
$1.3B
Liability for guest loyalty program
$3.5B
$3.5B
$3.3B
$3.3B
Accrued expenses and other
$1.4B
$1.6B
$1.8B
$1.3B
Total current liabilities
$8.4B
$8.6B
$7.8B
$7.3B
Long-term debt
$15.0B
$13.1B
$11.3B
$9.4B
Contract with customer liabilities
$5.7B
$5.1B
$4.7B
$4.3B
Deferred tax liabilities
$79.0M
$81.0M
$209.0M
$313.0M
Operating lease liabilities
$879.0M
$794.0M
$887.0M
$1.0B
Other noncurrent liabilities
$1.3B
$1.4B
$1.5B
$1.8B
Class A Common Stock
$5.0M
$5.0M
$5.0M
$5.0M
Additional paid-in-capital
$6.4B
$6.2B
$6.1B
$6.0B
Retained earnings
$18.4B
$16.5B
$14.8B
$12.3B
Treasury stock, at cost
($27.9B)
($24.6B)
($20.9B)
($17.0B)
Accumulated other comprehensive loss
($642.0M)
($1.1B)
($647.0M)
($729.0M)
Stockholders’ deficit
($3.8B)
($3.0B)
($682.0M)
—
Liabilities and equity, total
$27.5B
$26.2B
$25.7B
$24.8B
Marriott International Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and equivalents
$462.0M
$454.0M
$678.0M
$671.0M
Accounts and notes receivable, net
$3.3B
$3.1B
$3.1B
$3.0B
Prepaid expenses and other
$426.0M
$370.0M
$332.0M
$380.0M
Assets, current, total
$4.2B
$3.9B
$4.1B
$4.0B
Property and equipment, net
$1.8B
$2.0B
$1.9B
$1.9B
Intangible assets
$10.5B
$10.4B
$10.2B
$9.8B
Goodwill
$8.9B
$8.9B
$8.9B
$8.9B
Goodwill and intangible assets, net, total
$19.3B
$19.2B
$19.1B
$18.7B
Equity method investments
$340.0M
$304.0M
$298.0M
$298.0M
Notes receivable, net
$62.0M
$151.0M
$153.0M
$136.0M
Deferred tax assets
$524.0M
$549.0M
$571.0M
$611.0M
Operating lease assets
$922.0M
$940.0M
$947.0M
$934.0M
Other noncurrent assets
$833.0M
$799.0M
$747.0M
$747.0M
Total assets
$28.1B
$27.9B
$27.8B
$27.3B
Current portion of long-term debt
$460.0M
$1.2B
$1.6B
$1.1B
Accounts payable
$819.0M
$763.0M
$759.0M
$778.0M
Accrued payroll and benefits
$1.3B
$1.3B
$1.3B
$1.2B
Liability for guest loyalty program
$3.7B
$3.5B
$3.5B
$3.6B
Accrued expenses and other
$1.6B
$1.8B
$1.6B
$1.5B
Liabilities, current, total
$7.9B
$8.5B
$8.8B
$8.2B
Long-term debt
$16.5B
$15.3B
$14.4B
$14.5B
Contract with customer liabilities
$6.1B
$5.9B
$5.4B
$5.4B
Deferred tax liabilities
$99.0M
$90.0M
$117.0M
$59.0M
Operating lease liabilities
$859.0M
$876.0M
$887.0M
$881.0M
Other noncurrent liabilities
$1.2B
$1.2B
$1.3B
$1.3B
Class A Common Stock
$5.0M
$5.0M
$5.0M
$5.0M
Additional paid-in-capital
$6.4B
$6.3B
$6.3B
$6.2B
Retained earnings
$19.5B
$18.9B
$18.1B
$17.6B
Treasury stock, at cost
($29.7B)
($28.6B)
($26.9B)
($26.1B)
Accumulated other comprehensive loss
($685.0M)
($715.0M)
($673.0M)
($674.0M)
Stockholders’ deficit
($4.5B)
($4.1B)
($3.1B)
($3.0B)
Liabilities and equity, total
$28.1B
$27.9B
$27.8B
$27.3B
Cash flow statement
Marriott International Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$2.6B
$2.4B
$3.1B
$2.4B
Depreciation, amortization, and other (including depreciation and amortization classified in reimbursed expenses)
$599.0M
$492.0M
$277.0M
$282.0M
Stock-based compensation
$236.0M
$237.0M
$205.0M
$192.0M
Income taxes
($277.0M)
($172.0M)
($612.0M)
$280.0M
Liability for guest loyalty program
$473.0M
$514.0M
$301.0M
($119.0M)
Contract acquisition costs
($434.0M)
($341.0M)
($221.0M)
($149.0M)
Restructuring and merger-related (recoveries) charges, and other
($15.0M)
—
—
—
Working capital changes
($147.0M)
($82.0M)
$69.0M
($542.0M)
Other
$176.0M
$4.0M
$21.0M
$69.0M
Net cash provided by operating activities
$3.2B
$2.7B
$3.2B
$2.4B
Capital and technology expenditures
($604.0M)
($750.0M)
($452.0M)
($332.0M)
Asset acquisitions
($350.0M)
($26.0M)
($101.0M)
—
Dispositions
$9.0M
$16.0M
$71.0M
$1.0M
Loan advances
($35.0M)
($10.0M)
($77.0M)
($11.0M)
Loan collections
$22.0M
$36.0M
$61.0M
$14.0M
Other
$10.0M
$0
$33.0M
$31.0M
Net cash used in investing activities
($948.0M)
($734.0M)
($465.0M)
($297.0M)
Commercial paper/Credit Facility, net
($403.0M)
$163.0M
$546.0M
($182.0M)
Issuance of long-term debt
$3.4B
$2.9B
$1.9B
$983.0M
Repayment of long-term debt
($1.3B)
($558.0M)
($684.0M)
($804.0M)
Issuance of Class A Common Stock
$92.0M
$73.0M
$29.0M
$0
Dividends paid
($718.0M)
($682.0M)
($587.0M)
($321.0M)
Purchase of treasury stock
($3.3B)
($3.8B)
($4.0B)
($2.6B)
Stock-based compensation withholding taxes
($116.0M)
($138.0M)
($108.0M)
($89.0M)
Other
$0
$0
($25.0M)
$17.0M
Net cash used in financing activities
($2.3B)
($2.0B)
($2.9B)
($3.0B)
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
($54.0M)
$59.0M
($159.0M)
($896.0M)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period
$425.0M
$366.0M
$525.0M
$1.4B
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period
$371.0M
$425.0M
$366.0M
$525.0M
Marriott International Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.4B
$648.0M
$2.2B
$1.4B
Depreciation, amortization, and other (including depreciation and amortization classified in reimbursed expenses)
$384.0M
$162.0M
$422.0M
$279.0M
Stock-based compensation
$123.0M
$57.0M
$171.0M
$110.0M
Income taxes
$138.0M
$95.0M
($136.0M)
($145.0M)
Liability for guest loyalty program
$339.0M
$206.0M
$301.0M
$256.0M
Contract acquisition costs
($251.0M)
($109.0M)
($301.0M)
($213.0M)
Restructuring and merger-related (recoveries) charges, and other
$13.0M
$2.0M
($66.0M)
($18.0M)
Working capital changes
($405.0M)
($363.0M)
($345.0M)
($469.0M)
Other
$51.0M
$160.0M
$181.0M
$62.0M
Net cash provided by operating activities
$1.8B
$858.0M
$2.4B
$1.3B
Capital and technology expenditures
($282.0M)
($130.0M)
($432.0M)
($290.0M)
Dispositions
$93.0M
$2.0M
$9.0M
$0
Loan advances
($14.0M)
($13.0M)
($31.0M)
($12.0M)
Loan collections
$102.0M
$3.0M
$16.0M
$15.0M
Other
($77.0M)
($11.0M)
$12.0M
$1.0M
Net cash used in investing activities
($178.0M)
($149.0M)
($775.0M)
($286.0M)
Commercial paper/Credit Facility, net
$65.0M
($1.1B)
($960.0M)
$179.0M
Issuance of long-term debt
$1.4B
$1.4B
$3.4B
$2.0B
Repayment of long-term debt
($755.0M)
($3.0M)
($957.0M)
($954.0M)
Issuance of Class A Common Stock
$53.0M
$53.0M
$92.0M
$45.0M
Dividends paid
($370.0M)
($178.0M)
($539.0M)
($357.0M)
Purchase of treasury stock
($1.8B)
($700.0M)
($2.3B)
($1.5B)
Stock-based compensation withholding taxes
($126.0M)
($124.0M)
($111.0M)
($110.0M)
Net cash used in financing activities
($1.5B)
($612.0M)
($1.3B)
($737.0M)
INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
$101.0M
$97.0M
$269.0M
$267.0M
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period
$371.0M
$371.0M
$425.0M
$425.0M
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period