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Marriott International

Marriott International (MAR) Q2 2026 Earnings

Reported Aug 3, 2026 at 7:00 AM ET · SEC Source

Q2 26 EPS

$3.19

BEAT +3.63%

Est. $3.08

Q2 26 Revenue

$7.07B

MISS 1.69%

Est. $7.19B

Did MAR Beat Earnings? Q2 2026 Results

Marriott International delivered a mixed but fundamentally solid second quarter, beating earnings expectations while falling modestly short on revenue. Adjusted diluted EPS of $3.19 cleared the $3.08 consensus estimate by 3.63%, growing 20% year-over… Read more Marriott International delivered a mixed but fundamentally solid second quarter, beating earnings expectations while falling modestly short on revenue. Adjusted diluted EPS of $3.19 cleared the $3.08 consensus estimate by 3.63%, growing 20% year-over-year, even as revenue of $7.07 billion came in 1.69% below forecasts despite a 4.8% gain from a year ago. The earnings strength was powered by a 13% surge in gross fee revenues to $1.58 billion, buoyed by higher co-branded credit card fees and steady rooms growth, while worldwide RevPAR expanded 3.4% in constant dollars on the back of a robust 5.0% gain in the U.S. And Canada. That domestic momentum helped offset a sharp drag from the Middle East, where ongoing conflict weighed heavily on international results. Adjusted EBITDA climbed 13% to $1.59 billion. Looking ahead, Marriott raised its full-year 2026 RevPAR growth outlook to 3.0%-3.5% and guided full-year adjusted EPS to $11.64-$11.81, a constructive signal consistent with broader lodging sector confidence evidenced by peers also upgrading their 2026 outlooks.

Key Takeaways

  • • Worldwide RevPAR increased 3.4% driven by ADR strength
  • • U.S. & Canada RevPAR rose 5.0% with broad-based increases across chain scales and customer segments
  • • Higher co-branded credit card fees drove franchise fee growth
  • • Net rooms growth of 4.5% year-over-year
  • • Conversions represented over a third of signings and 40% of openings in H1 2026
  • • Marriott Bonvoy loyalty program grew to more than 295 million members
  • • APEC RevPAR increased over 5% supported by solid leisure demand and robust intra-regional travel
  • • Greater China RevPAR increased over 3% driven by luxury portfolio strength

MAR Forward Guidance & Outlook

Marriott raised its full-year 2026 worldwide RevPAR growth outlook to 3.0%-3.5% (up from prior guidance) and expects Q3 2026 RevPAR growth of 3.5%-4.0%. Full-year 2026 Adjusted EBITDA is expected at $5,965-$6,025 million (11-12% growth over 2025). Full-year Adjusted diluted EPS is guided at $11.64-$11.81. Q3 2026 Adjusted EBITDA is expected at $1,439-$1,468 million and Adjusted EPS at $2.74-$2.82. Net rooms growth for year-end 2026 is expected at the low end of 4.5%-5%. Gross fee revenues are expected at $6,025-$6,055 million for the full year and $1,474-$1,483 million for Q3. Capital return to shareholders is expected to exceed $4,500 million for the full year, with investment spending of $1,250-$1,350 million. The outlook includes the expected partial-year incremental impact from new co-branded credit card agreements with JPMorgan Chase and American Express, and assumes continuation of the current macroeconomic environment.

24/7 Wall St

MAR YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

MAR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“We delivered another quarter of excellent results, reflecting strong travel demand, the power of our brands, and sustained development momentum. Global RevPAR increased 3.4 percent in the second quarter, with continued ADR strength. In the U.S. & Canada, RevPAR rose 5 percent, driven by broad-based increases across chain scales and customer segments.”

— Anthony Capuano, Q2 2026 Earnings Press Release

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