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Marriott International (MAR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 04, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

3.05

Last Year’s EPS

2.65

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 20 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 06, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed solid operational and financial momentum — above-guidance Q1 RevPAR, double-digit fee and earnings growth, robust development activity and technology/AI initiatives — while acknowledging a significant near-term headwind from the Middle East conflict (material March Q1 decline and an expected Q2 trough) and some regional softness (Mexico, APAC airlift effects). Management raised full-year revenue and earnings targets and reiterated strong capital return plans, but flagged ongoing uncertainty tied to conflict-related demand and pending credit-card deal timing.

Company Guidance

Marriott raised full-year 2026 global RevPAR guidance to +2.0%–3.0% and now expects net rooms growth of 4.5%–5.0% (with typical 1.0%–1.5% deletions), a global pipeline of ~618,000 rooms (up >5% YoY) with 43% under construction, and record signings up 9% YoY; full-year gross fees were raised to $5.93B–$5.99B (up ~9%–10%), IMFs are expected to be roughly flat, co‑branded credit‑card fees ≈ +35%, residential branding fees +45%–50%, timeshare fees $110M–$115M, and owned/leased & other net $215M–$225M. Management expects 2026 adjusted EBITDA of $5.88B–$5.97B, adjusted diluted EPS $11.38–$11.63 (≈ +14%–16%), an adjusted effective tax rate of 26.0%–26.5% (core tax rate in the low‑20s), G&A up ~1%–3%, investment spend $1.05B–$1.15B (≈35%–40% on contract investment, ~30%–35% on tech), and >$4.4B returned to shareholders; a 1‑ppt change in full‑year RevPAR is roughly $55M–$65M in RevPAR‑related fees. Near‑term, Q2 RevPAR is guided to +1.5%–2.5%, Q2 gross fees +10%–11%, Q2 IMFs down mid‑single digits, Q2 adjusted EBITDA +8%–10% (with Q2 G&A up mid‑to‑high single digits), while guidance assumes the Middle East conflict could shave ~100–125 bps from full‑year RevPAR and the World Cup will add ~30–35 bps.

Global RevPAR Growth and Raised Guidance

Global RevPAR rose 4.2% in Q1 and management raised full-year global RevPAR guidance to +2% to +3% (up from prior guidance), reflecting outperformance in Q1 and continued strength in U.S. & Canada and Greater China.

U.S. & Canada Strength Across Chain Scales

RevPAR in the U.S. & Canada increased 4.0% in Q1 with luxury up nearly 7% and select service up 3.5% (a meaningful improvement from down >1% in Q4), indicating broad-based recovery across tiers.

International and APAC Recovery

International RevPAR rose 4.6% in Q1; APAC RevPAR increased over 7% driven by ADR growth and stronger demand from Chinese guests; Greater China RevPAR rose nearly 6%, with Hong Kong and Hainan up ~20% YoY.

Strong Fee and Earnings Performance

Total gross fee revenues rose 12% YoY to $1.43 billion in Q1. Adjusted EBITDA increased 15% to $1.4 billion and adjusted diluted EPS grew 17% to $2.72.

Robust Development and Pipeline

Record Q1 global signings were up 9% YoY; net rooms growth was 4.5% on a trailing 12-month basis through March; global pipeline grew >5% YoY to ~618,000 rooms with 43% of pipeline rooms under construction.

Conversions Driving Growth

Conversions remained a significant growth driver, representing over 35% of signings and over 40% of openings in the quarter, supporting expectations for 4.5%–5% net rooms growth for the year.

Credit Card & Residential Fee Momentum

Co-branded credit card fees increased ~37% in Q1 and are expected to increase ~35% for the full year; residential branding fees rose >70% in Q1 and full-year guidance raised to +45% to +50%.

Large Loyalty Base and Direct Booking Focus

Marriott Bonvoy reached nearly 283 million members. Management highlighted ongoing card rollouts (37 cards across 13 countries) and tech/AI initiatives to drive direct bookings and guest personalization.

Technology Transformation and AI Initiatives

Marriott migrated its 1,000th hotel to the new tech ecosystem and plans a phased rollout of natural language/conversational search on marriott.com and the app by end of Q2; AI pilots in customer engagement and sales tools are underway.

Upgraded Full-Year Financial Targets and Capital Return

Full-year gross fee guidance increased to $5.93–$5.99 billion (up ~9%–10%); adjusted EBITDA guidance raised to ~$5.88–$5.97 billion (+9%–11%); full-year adjusted diluted EPS guidance $11.38–$11.63 (+14%–16%); expected shareholder returns >$4.4 billion in 2026.

Marriott International (MAR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2026	2026 (Q2)	3.05 / -	2.65	―	―	―
May 06, 2026	2026 (Q1)	2.56 / 2.72	2.32	17.24% (+0.40)
Feb 10, 2026	2025 (Q4)	2.60 / 2.58	2.45	5.31% (+0.13)	―
Nov 05, 2025	2025 (Q3)	2.38 / 2.47	2.26	9.29% (+0.21)	―
Aug 05, 2025	2025 (Q2)	2.61 / 2.65	2.5	6.00% (+0.15)	―
May 06, 2025	2025 (Q1)	2.24 / 2.32	2.13	8.92% (+0.19)	―
Feb 11, 2025	2024 (Q4)	2.38 / 2.45	3.57	-31.37% (-1.12)	―
Nov 04, 2024	2024 (Q3)	2.31 / 2.26	2.11	7.11% (+0.15)	―
Jul 31, 2024	2024 (Q2)	2.47 / 2.50	2.26	10.62% (+0.24)	―
May 01, 2024	2024 (Q1)	2.16 / 2.13	2.09	1.91% (+0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MAR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2026	$353.82	$358.35	+1.28%
Feb 10, 2026	$329.92	$357.95	+8.50%
Nov 05, 2025	$270.54	$281.30	+3.98%
Aug 05, 2025	$256.86	$257.44	+0.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.