Marriott International (MAR) Q3 2026 Earnings
Adjusted EPS excludes a $6 million asset impairment charge related to the sale and planned sale of two U.S. & Canada hotels (GAAP diluted EPS was $3.04). Results include a $12 million expected insurance recovery tied to the Q2 2026 property-related litigation matter ($9 million after-tax, $0.03 per share).
How Did MAR Stock React to Q3 2026 Earnings?
Did MAR Beat Earnings? Q3 2026 Results
Yes. Marriott International reported Q3 2026 earnings of $3.02 a share on Nov 2, 2026, beating the $2.85 consensus estimate by 6.0%. Revenue was $7.0B against a $6.9B estimate.
Marriott International delivered a strong third quarter for fiscal 2026, posting adjusted EPS of $3.02 against a $2.85 consensus estimate for a beat of roughly 5.96%, while revenue climbed 8.0% year over year to $7.00 billion, edging past the $6.92 billion analysts had expected. The driving force behind the results was a broad-based acceleration in travel demand, with worldwide RevPAR rising 6.5% on gains in both occupancy and average daily rate; the U.S. and Canada led with 7.4% growth, and APEC contributed more than 9%, aided by international inbound tourism. Franchise and base management fees jumped 13% to $1.34 billion, reflecting the power of Marriott's asset-light fee model, while adjusted EBITDA grew 12% to $1.51 billion. The company added roughly 20,100 net rooms in the quarter, pushing year-over-year system growth to 4.6%. Looking ahead, management raised its full-year 2026 worldwide RevPAR outlook to 4.5% to 5.0% and guided full-year adjusted EPS to $12.07 to $12.14, signaling continued confidence in lodging demand even as rival hospitality operators across the broader travel sector report their own robust results.
- Worldwide RevPAR up 6.5% on higher ADR and occupancy
- U.S. & Canada RevPAR up 7.4% with broad-based growth across customer segments and chain scales
- APEC RevPAR up over 9%, supported by robust international inbound demand
- EMEA RevPAR up over 4% on solid growth in Europe
- Higher co-branded credit card fees, RevPAR, and rooms growth drove a 13% increase in franchise and base management fees
- Incentive management fees up 22%, with all regions growing
- Systemwide U.S. & Canada luxury RevPAR up 11.9%; Ritz-Carlton up 14.6%
- Roughly 20,100 net rooms added in the quarter; net rooms up 4.6% year over year
“Our excellent third quarter results reflected continued momentum across our business, the benefits of our global scale, and the power of our brands and revenue engines. Global RevPAR increased 6.5 percent in the third quarter, on higher ADR and occupancy. In the U.S. & Canada, RevPAR rose over 7 percent, with broad-based growth across customer segments and chain scales.”
Marriott International CEO, on the earnings call
What Is Marriott International's Outlook?
Marriott raised its full-year 2026 worldwide RevPAR growth outlook to 4.5%–5.0% and expects fourth quarter 2026 RevPAR growth of 4.5%–5.0%. Net rooms growth is expected at the low end of 4.5%–5% for year-end 2026. Guidance ranges: - Gross fee revenues: Q4 $1,604–$1,612 million; FY $6,137–$6,145 million. - Owned, leased, and other revenue, net of expense: Q4 $47–$52 million; FY $170–$175 million. - G&A expenses: Q4 $237–$227 million; FY $890–$880 million. - Adjusted EBITDA: Q4 $1,573–$1,596 million; FY $6,075–$6,098 million. - Adjusted diluted EPS: Q4 $3.14–$3.21; FY $12.07–$12.14. - Adjusted effective tax rate: Q4 about 26.5%; FY about 26.0%. - Investment spending: FY $1,250–$1,350 million. - Capital return to shareholders: FY at least $4.8 billion. The outlook assumes the current macroeconomic environment continues. It includes the Q2 hotel sale, the Lefay investment, and a planned Q4 sale of a U.S. & Canada hotel. It excludes any other asset sales or acquisitions.
MAR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $7.0B | $6.5B | +7.9% |
| Operating Income | $1.3B | $1.2B | +8.0% |
| Net Income | $794.0M | $728.0M | +9.1% |
MAR Revenue by Segment
When Does Marriott International Report Next?
Figures from SEC filings and company reports. Not investment advice.