Marriott (MAR) Q2 2026: EPS Beat, But Middle East Bookings Plunged 43%

Marriott International posted Q2 2026 earnings of $3.19 per share, clearing the $3.08 analyst estimate by about 3.6%. Revenue came in at $7.07 billion, roughly 1.7% short of the $7.19 billion consensus, meaning the profit beat did not carry through to the top line. Still, management saw enough momentum in core demand to raise full-year RevPAR guidance.

The engine behind that confidence was a 5% surge in U.S. travel demand, which drove the domestic business well ahead of expectations. International results were a more complicated picture: strength in several markets was significantly offset by a 43% collapse in Middle East bookings tied to geopolitical turmoil in the region, a sharp enough drop to weigh on consolidated revenue.

Zooming out across recent quarters, Marriott has now beaten the EPS estimate in seven of the last eight periods, with Q4 2025 being the lone miss at $2.58 against a $2.62 estimate. The Q2 2026 print of $3.19 is the highest reported figure in that eight-quarter run, suggesting the lodging giant is finding its earnings footing even as regional demand shocks keep the revenue outlook uneven.