Latest revenue
$6.65B
as of 2026-03-31
Latest net income
$648.0M
as of 2026-03-31
Net margin
9.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $97.34B
- Enterprise value
- $112.66B
- P/E (trailing)
- 37.4×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.7%
- 52-wk high
- $380.00
- 52-wk low
- $253.56
- Beta
- —
- Shares out
- 263.7M
5-year trend
What this company does
Marriott operates, franchises, and licenses roughly 9,700 hotel, residential, and timeshare properties worldwide across more than 30 brands including Ritz-Carlton, Sheraton, and Westin. It runs an asset-light model, earning the bulk of revenue from management fees tied to hotel revenues and profits, franchise royalties on room revenue, and credit-card licensing fees. Growth now leans heavily on international expansion and the recent citizenM acquisition, with 2025 net room growth approaching 5% even as U.S. RevPAR softens on weaker government and group travel.
Generated from MAR's filing dated 2026-02-10
Key risks
- U.S. & Canada RevPAR fell 0.4% in Q3 2025 on weaker government travel and softer group demand at select-service hotels.
- Greater China remains soft: RevPAR flat in Q3 and -0.6% YTD amid weak macro conditions, pressuring a key growth region.
- Unquantified Starwood data breach liability persists; Marriott still cannot estimate total financial impact beyond expenses already recorded since 2018.
Generated from MAR's filing dated 2026-02-10
Profitability
Operating margin
15.8%
5.4%Net margin
9.9%
5.0%Return on equity
-69.0%
13.1%Return on assets
9.4%
4.1%Leverage
Debt / equity
-8.30×
14.8%Long-term debt / equity
-3.98×
9.4%Debt / assets
113.7%
2.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $6.65B | +6.2% | $648.0M | -2.6% | 9.7% |
Q4 2025 2025-12-31 | $6.69B | +4.1% | $445.0M | -2.2% | 6.7% |
Q3 2025 2025-09-30 | $6.49B | +3.7% | $728.0M | +24.7% | 11.2% |
Q2 2025 2025-06-30 | $6.74B | +4.7% | $763.0M | -1.2% | 11.3% |
Q1 2025 2025-03-31 | $6.26B | +4.8% | $665.0M | +17.9% | 10.6% |
Q4 2024 2024-12-31 | $6.43B | — | $455.0M | — | 7.1% |
Q3 2024 2024-09-30 | $6.25B | +5.5% | $584.0M | -22.3% | 9.3% |
Q2 2024 2024-06-30 | $6.44B | +6.0% | $772.0M | +6.3% | 12.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Hotels & Motels · SIC 7011
Your notes
Keep private notes on MAR — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$66.5M
Net activity
−$66.5M
Distinct insiders
11
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MAR
Institutional value
$16.83B
Total shares held
52.9M
Distinct holders
776
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 14.0M | $4.59B | — | New |
| 2 | Invesco Ltd. | 4.3M | $1.40B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.2M | $1.38B | — | New |
| 4 | PARNASSUS INVESTMENTS, LLC | 1.6M | $519.4M | — | New |
| 5 | Bank of New York Mellon Corp | 1.4M | $465.1M | — | New |
| 6 | DEUTSCHE BANK AG\ | 1.3M | $424.7M | — | New |
| 7 | Legal & General Group Plc | 1.3M | $415.5M | — | New |
| 8 | VANGUARD FIDUCIARY TRUST CO | 1.3M | $410.7M | — | New |
| 9 | UBS Group AG | 1.2M | $385.0M | — | New |
| 10 | HSBC HOLDINGS PLC | 809.4K | $265.6M | — | New |
| 11 | DIMENSIONAL FUND ADVISORS LP | 727.5K | $237.9M | — | New |
| 12 | Swiss National Bank | 669.4K | $218.9M | — | New |
| 13 | National Pension Service | 613.2K | $200.6M | — | New |
| 14 | Nuveen, LLC | 605.1K | $197.9M | — | New |
| 15 | WELLS FARGO & COMPANY/MN | 585.6K | $191.5M | — | New |
| 16 | Voya Investment Management LLC | 552.8K | $180.8M | — | New |
| 17 | HARBOR INVESTMENT ADVISORY, LLC | 533.9K | $174.6M | — | New |
| 18 | Mitsubishi UFJ Asset Management Co., Ltd. | 529.9K | $173.3M | — | New |
| 19 | Sumitomo Mitsui Trust Group, Inc. | 523.6K | $171.2M | — | New |
| 20 | California Public Employees Retirement System | 508.9K | $166.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
US & Canada RevPAR fell 0.4% in Q3 with weak group and government transient demand—when do you see this inflecting, and what's embedded in Q4 guidance?
- 2
Greater China RevPAR has been flat-to-negative all year; at what point do you impair pipeline assumptions or pull back development incentives there?
- 3
With 8% franchised room growth versus 2% managed declines, how much fee-per-room dilution should we model as the mix shifts?
Refreshed when MAR files a new report · last from 2026-02-10