10x Insights
Loading account…
Companies / Consumer Discretionary / Marriott International
MAR

Marriott International

Consumer DiscretionaryServicesS&P 500
Ticker MARBETHESDA, MDFiscal year ends DecemberBook value per share $-17.03Diluted shares 265.7M

Marriott International, Inc. (Nasdaq: MAR) is a global franchisor, operator and licensor of hotels, residential properties, timeshare resorts and other lodging offerings, serving travelers and hotel owners. It focuses on franchising, management and licensing, and owns or leases less than 1% of its lodging properties.… From the company’s description.

In fiscal 2025, Marriott International reported revenue of $26.19B, up 4.3% from fiscal 2024, and net income of $2.60B. Its operating margin was 15.8%, and operations generated $3.21B in cash. Over the twelve months to Jun 30, 2026, revenue was $26.90B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$26.19BFY2025
+4.3% year over year
Last 12 mo $26.90B
15.81%FY2025
+0.8 percentage points
Last 12 mo 15.80%
$2.60BFY2025
+9.5% year over year
Last 12 mo $2.59B
-68.97%FY2025
+12.3 percentage points
Last 12 mo -57.17%
Cash & financing
$3.21BFY2025
+16.8% year over year
Last 12 mo $3.73B
$2.61BFY2025
+30.5% year over year
Last 12 mo $3.13B
-4.30FY2025
Was -4.83× a year earlier
Last 12 mo -3.74
273.6MFY2025
−4.1% year over year
Last 12 mo 265.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Marriott International does

In the company’s own words

Marriott International, Inc. (Nasdaq: MAR) is a global franchisor, operator and licensor of hotels, residential properties, timeshare resorts and other lodging offerings, serving travelers and hotel owners. It focuses on franchising, management and licensing, and owns or leases less than 1% of its lodging properties. Its portfolio spans luxury, premium, select and midscale tiers, with brands including The Ritz-Carlton, St. Regis, JW Marriott, Marriott Hotels, Sheraton, Westin, Courtyard, Fairfield and Residence Inn. Marriott Bonvoy combines its brands, direct booking channels and loyalty program, through which members earn and redeem points for stays and other travel offerings. The company reports four segments: U.S. & Canada, Europe, Middle East & Africa, Greater China, and Asia Pacific excluding China; Caribbean & Latin America is included in unallocated corporate and other. At year-end 2025, its system comprised 9,805 properties and 1,779,936 rooms across 145 countries and territories, while about 4,100 properties were in its development pipeline. Its website is Marriott.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
1048286
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.98B$5.17B$13.32B$21.47B$29.62B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Marriott International — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

853
funds hold it
3 of 35
superinvestors hold it
$25.92B
held by funds, at market
26.9%
of shares held by funds
23
bond issues held by funds

Superinvestors in Marriott International · what they did last quarter

Terry SmithDECREASED -23.3%
Fundsmith
7.0%of 13F portfolio
Tom GaynerINCREASED +6.1%
Markel Group (Markel-Gayner)
0.3%of 13F portfolio
Glenn GreenbergUNCHANGED
Brave Warrior Advisors
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Marriott International’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.13%of fund net assets
0.42%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.13%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Marriott International’s bonds, as funds hold them

Funds report holding 23 issues of Marriott International’s debt, $2.86B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.57%, maturing 2026 to 2038.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Marriott International and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Marriott International's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Marriott International's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.