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Reported November 4, 2025 · Before market open

Revenue estimate$6.5B
EPS estimate$2.38

Next report

Aug 4, 2026 (in a month)
Revenue estimate$7.2B
EPS estimate$3.03

Financials

Q3 2025

Income statement

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Revenue$6.5B+3.7%
Operating income$1.2B+25.0%
Net income$728.0M+24.7%
EPS (diluted)$2.67+29.0%

Balance sheet

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Cash & equivalents$694.0M+66.8%
Total debt$18.6B+19.4%
Total equity-$3.1B-28.8%
Total assets$27.8B+6.2%

Cash flow

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Operating cash flow$1.1B+24.2%
CapEx$142.0M-18.4%
Free cash flow$951.0M+34.7%

Valuation & ratios

Q3 2025

Valuation

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Market cap$70.7B-0.5%
Enterprise value$88.56B+2.8%
P/E27.1×+1.4×
P/S2.7×-0.1×

Profitability

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Operating margin15.9%+0.8pp
Net margin10.1%-1.1pp

Returns & leverage

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Current ratio0.5×0.0×

Segments

By segment

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U.S. & Canada$4.7B+3.2%
EMEA$613.0M-3.5%
APEC$247.0M+7.4%
Greater China$142.0M0.0%

By product

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Cost reimbursement revenue$4.8B+3.1%
Owned, leased, and other revenue$420.0M+10.2%

By geography

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Non-US$1.4B+2.9%

Versus estimates

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Questions, answered.

When did Marriott International report Q3 2025 earnings?
Marriott International (MAR) reported Q3 2025 earnings on November 4, 2025 before market open.
What were Marriott International's Q3 2025 revenue and EPS?
Marriott International reported revenue of $6.5B and diluted EPS of $2.47 for Q3 2025.
Did Marriott International beat estimates in Q3 2025?
Revenue beat the consensus estimate of $6.5B by $29.7M. EPS beat the consensus estimate of $2.38 by $0.09.
How did Marriott International's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.7% from $6.3B a year earlier and diluted EPS grew 9.3% from $2.26.
Where can I find Marriott International's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001048286-25-000011) and the 10-Q periodic report (0001048286-25-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.