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MAR Marriott InternationalEarnings

Marriott Tops Revenue Estimates at $7.0 Billion as Adjusted EPS Reaches $3.02

Marriott raised its full-year worldwide RevPAR growth outlook to 4.5 to 5 percent and set fourth-quarter adjusted EPS guidance of $3.14 to $3.21.

Stock reaction: MAR shares were up 4.7% at 9:53 a.m. ET on Nov. 2, from Oct. 30's close of $399.30. The S&P 500 was up 0.6% over the same span.

By Zintick Team · Editor: Kratik Mehta
Published · Updated

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Photo: Ground Picture/Shutterstock.com

Key points

  • Revenue of $7.005 billion beat the $6.92 billion consensus estimate
  • Adjusted diluted EPS of $3.02 beat the $2.85 consensus; reported EPS was $3.04
  • Full-year adjusted EPS guidance of $12.07 to $12.14 compares with $11.74 consensus
  • Worldwide RevPAR rose 6.5 percent; full-year RevPAR outlook raised to 4.5 to 5 percent

Marriott International (Nasdaq: MAR) reported third-quarter revenue of $7.005 billion, above the $6.92 billion analysts expected, and adjusted diluted earnings per share of $3.02 against the consensus estimate of $2.85, in an 8-K filed Monday, Nov. 2, 2026. Revenue rose 8 percent from $6.49 billion a year earlier. Reported diluted EPS was $3.04, compared with $2.67 in the year-ago quarter, and reported net income rose 9 percent to $794 million.

Fee growth and RevPAR

Worldwide RevPAR increased 6.5 percent in the quarter, with 7.4 percent growth in the U.S. & Canada and 4.4 percent in international markets. Franchise and base management fees totaled $1,341 million, up 13 percent, which the company attributed mainly to higher co-branded credit card fees, higher RevPAR and rooms growth. Incentive management fees rose 22 percent to $181 million. Adjusted EBITDA totaled $1,512 million, up 12 percent.

Outlook

Marriott raised its full-year 2026 worldwide RevPAR growth outlook to 4.5 to 5 percent. For the fourth quarter, the company expects adjusted diluted EPS of $3.14 to $3.21, compared with the $3.02 consensus estimate for that quarter. For full-year 2026, it expects adjusted diluted EPS of $12.07 to $12.14, against a consensus estimate of $11.74. Fourth-quarter adjusted EBITDA is guided to $1,573 million to $1,596 million, and the company plans to return at least $4.8 billion to shareholders for the year. The outlook generally assumes the continuation of the current macroeconomic environment.

Development and capital returns

Marriott added roughly 20,100 net rooms during the quarter, and net rooms grew 4.6 percent from a year earlier. Its worldwide development pipeline reached a record 4,209 properties with more than 634,000 rooms. The company repurchased 3.5 million shares for $1.3 billion in the quarter and has returned about $4.0 billion to shareholders year to date through Oct. 28. Total debt was $16.8 billion at quarter-end, and Marriott Bonvoy had approximately 309 million members.

Shares closed at $399.30 on Friday, Oct. 30, 2026, the last close before the filing.

Sources

Written with AI from the company's results filing with the SEC, analysts' estimates where we had them, and our market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Marriott International page.