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

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Earnings Data

Report Date

May 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.53

Last Year’s EPS

2.32

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 10, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented broad momentum across Marriott's global portfolio: accelerating organic room growth, record pipeline and conversions, continued RevPAR improvement (especially internationally and in luxury/leisure), solid fee and adjusted EBITDA growth, strong loyalty expansion, and sizable shareholder returns. Near‑term challenges include softness in Greater China, pressure in business transient/government travel (notably due to the US government shutdown), volatility in residential branding fees, some select‑service softness, and reclassification/one‑time charges that complicate comparability. Management provided positive 2026 guidance for rooms growth, fee revenue, EBITDA and EPS while flagging Q1 timing sensitivities and ongoing credit‑card negotiations.

Company Guidance

Marriott guided to net rooms growth of 4.5%–5.0% in 2026 (inclusive of ~1.0%–1.5% typical room deletions), full‑year global RevPAR growth of 1.5%–2.5% (Greater China roughly flat) with the FIFA World Cup adding ~30–35 bps, and sensitivity of ~ $55–$65 million of RevPAR‑related fees per 1% RevPAR change; fee revenues are expected to rise 8%–10% to ~$5.9–$5.96 billion with incentive management fees flat-to-up slightly and a meaningful ~35% year‑over‑year increase in co‑branded credit‑card fees reflected in franchise fees (new U.S. card deals not yet modeled), residential branding fees possibly up ~40%, timeshare fees ~$110–$115 million, owned/leased & other net ~$230–$240 million, full‑year adjusted EBITDA up 8%–10% to roughly $5.8–$5.9 billion, adjusted effective tax rate 26.0%–26.5% (core cash tax in the low‑20s), adjusted EPS growth of ~13%–15%, Q1 RevPAR +1%–2% with Q1 gross fees +7%–8% (Q1 residential branding down ~10%–15%), Q1 owned/leased & other net ~ $15 million, planned 2026 investment spending of $1.0–$1.1 billion (≈25% renovations, 35%–40% tech transformation, 35%–40% contract/unit investment), and continued shareholder returns of over $4.3 billion.

Large Global Portfolio and Accelerating Rooms Growth

Portfolio at ~1,780,000 rooms across >9,800 properties in 145 countries; inked ~1,200 deals representing ~163,000 rooms in 2025; record pipeline of 610,000 rooms (up 2% QoQ, up 6% YoY) with ~265,000 rooms under construction (up 15% YoY). Conversions drove ~1/3 of signings/openings and 75% of conversion rooms joined the system within 12 months. Company expects net rooms growth of 4.5%–5% in 2026 (organic).

RevPAR Momentum — Global and Regional Strength

Full‑year global RevPAR +2%; U.S. & Canada RevPAR +0.7%; international RevPAR >5%. By segment: leisure RevPAR +3%, group RevPAR +2%, luxury RevPAR >6% (select service down 30 bps). Q4 global RevPAR +1.9% with December +2.8% (strongest monthly YoY growth since Feb). APAC Q4 RevPAR ~+9%; EMEA Q4 +7%; CALA +2%; Greater China Q4 +3% (driven by ADR in select markets).

Strong Fee and Profitability Performance

Q4 total gross fee revenues +7% to $1.4B; Q4 adjusted EBITDA +9% to $1.4B. Full‑year gross fee revenues +5% to $5.4B; full‑year adjusted EBITDA +8% to $5.38B; adjusted diluted EPS +7% to $10.02.

Co‑branded Card Fees and Loyalty Scale

Co‑branded credit card fees rose >8% to $716M for the year; Bonvoy added 43M new members in 2025, reaching 271M members. Company expects a meaningful ~35% increase in co‑branded card fees flowing into the franchise fee line in 2026 due to royalty rate change and continued strong card spend.

Luxury Expansion and Brand Innovation

Extended luxury leadership with openings (St. Regis Aruba, Lake Como Edition, Nekahui Ritz Carlton Reserve) and a record 114 luxury signings in 2025. Added new brands (Citizen M integration, Series by Marriott, Outdoor Collection) and continues to grow midscale and lifestyle portfolios.

Disciplined Capital Allocation and Shareholder Returns

Returned >$4.0B to shareholders in 2025 via dividends and buybacks; expects >$4.3B in 2026. Investment guidance $1.0B–$1.1B for 2026; full‑year fee revenue guidance +8%–10% to $5.9B–$5.96B and adjusted EBITDA guidance +8%–10% to ~$5.8B–$5.9B; adjusted diluted EPS growth expected 13%–15% for 2026.

Cost Savings and G&A Efficiency

Achieved >$90M of above‑property cost savings from productivity initiatives. Full‑year G&A declined 8% to $870M (G&A and other before reclassification totaled $1.03B; excluding $23M Sonder charges decline ~6%).

Tech & AI Investments and Strategic Partnerships

Multi‑year technology transformation (property management, reservations, loyalty) progressing from development into deployment with rollouts planned across 2026. Company plans natural language search on marriott.com and the Bonvoy app in H1 and is collaborating with Google (AI mode travel experience) and OpenAI (ad pilot).

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
May 06, 2026	2026 (Q1)	2.53 / -	2.32	―	―	―
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)	2.25 / 2.32	2.13	8.92% (+0.19)	―
Feb 11, 2025	2024 (Q4)	2.39 / 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)	―
Feb 13, 2024	2023 (Q4)	2.12 / 3.57	1.96	82.14% (+1.61)	―

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
Feb 10, 2026	$331.21	$359.35	+8.50%
Nov 05, 2025	$271.60	$282.40	+3.98%
Aug 05, 2025	$257.86	$258.45	+0.23%
May 06, 2025	$245.43	$250.08	+1.90%

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.