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Stock Market Live July 1, 2026: S&P 500 (SPY) Lower as Investors Wait on the Fed and Fresh Economic Data
Marriott International

Marriott International (MAR) Q4 2025 Earnings

Reported Feb 10, 2026 at 7:00 AM ET · SEC Source

Q4 25 EPS

$2.58

MISS 1.51%

Est. $2.62

Q4 25 Revenue

$6.69B

BEAT +0.29%

Est. $6.67B

vs S&P Since Q4 25

-5.3%

TRAILING MARKET

MAR +2.7% vs S&P +8.0%

Full Year 2025 Results

FY 25 EPS

$10.02

MISS 0.90%

Est. $10.11

FY 25 Revenue

$26.19B

MISS 0.11%

Est. $26.22B

Market Reaction

Did MAR Beat Earnings? Q4 2025 Results

Marriott International fell just short of Wall Street's expectations in Q4 2025, posting adjusted earnings per share of $2.58 against a consensus of $2.61, a miss of 1.15%, while revenue of $6.69 billion trailed the $6.72 billion estimate by 0.44%, t… Read more Marriott International fell just short of Wall Street's expectations in Q4 2025, posting adjusted earnings per share of $2.58 against a consensus of $2.61, a miss of 1.15%, while revenue of $6.69 billion trailed the $6.72 billion estimate by 0.44%, though it still represented a 4.1% increase from the year-earlier period. The headline shortfall was largely shaped by a tale of two geographies: international markets delivered worldwide RevPAR growth of 6.1% in constant dollars, fueled by strength across EMEA and Asia Pacific, while U.S. And Canada RevPAR edged down 0.1%, weighed by an extended government shutdown that softened business transient demand. Gross fee revenues of $1.43 billion grew 7% year-over-year, with incentive management fees surging 16%, underscoring how international managed hotels continued to pull more than their weight. Looking ahead, Marriott guided for 2026 adjusted diluted EPS of $11.32 to $11.57, worldwide RevPAR growth of 1.5% to 2.5%, and more than $4.30 billion in capital returns to shareholders.

Key Takeaways

  • • International RevPAR growth of 6.1% in Q4, led by EMEA and APEC regions
  • • Luxury hotels outperformed with RevPAR rising over 6% globally in Q4
  • • ADR gains drove worldwide RevPAR increase of 1.9% in Q4
  • • Strong leisure transient and cross-border travel in international markets
  • • Higher co-branded credit card fees contributed to franchise fee growth
  • • Net rooms growth of over 4.3% from year-end 2024
  • • Marriott Bonvoy member stays accounted for 75% of U.S. & Canada room nights and 68% globally
24/7 Wall St

MAR YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

MAR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Marriott delivered excellent results in 2025, reflecting the strength of our brands, delivery of great experiences to our customers and continued momentum in development activity. For the full year, net rooms grew over 4.3 percent, worldwide RevPAR increased 2 percent, and our fee‑driven, asset‑light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders.”

— Anthony Capuano, Q4 2025 Earnings Press Release

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