Marriott International (MAR) Q3 2025

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Earnings

Marriott International delivered a solid third-quarter beat on both the top and bottom lines, posting adjusted diluted EPS of $2.47 against a consensus of $2.39, a 3.46% beat, while revenue climbed 3.7% year-over-year to $6.49 billion, edging past th… Read more Marriott International delivered a solid third-quarter beat on both the top and bottom lines, posting adjusted diluted EPS of $2.47 against a consensus of $2.39, a 3.46% beat, while revenue climbed 3.7% year-over-year to $6.49 billion, edging past the $6.46 billion estimate. The headline driver was a 10% jump in adjusted EBITDA to $1.35 billion, fueled by nearly 6% growth in base management and franchise fees to $1.19 billion, supported by continued rooms expansion and rising co-branded credit card fees. Worldwide RevPAR growth remained modest at 0.5% in constant dollars, as softness in U.S. And Canada, where government travel retreated and lower chain scales underperformed, was largely offset by a 2.6% international gain, with Asia-Pacific leading at nearly 5%. On the development front, Marriott's pipeline reached a record of roughly 596,000 rooms. Looking ahead, the company guided for full-year adjusted diluted EPS of $9.98 to $10.06, with worldwide RevPAR growth of 1.5% to 2.5% and capital returns to shareholders of approximately $4.00 billion.