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Marriott International MAR Base management fees — Gross fee revenues

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Other financials

Income statement

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Revenue$6.7B+6.2%
Operating income$1.1B+12.2%
Net income$648.0M-2.6%
EPS (diluted)$2.43+1.7%

Balance sheet

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Cash & equivalents$468.0M-14.3%
Total debt$18.7B+10.6%
Total equity-$4.1B-29.2%
Total assets$27.9B+4.5%

Cash flow

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Operating cash flow$858.0M+32.6%
CapEx$130.0M-3.7%
Free cash flow$728.0M+42.2%

Valuation

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Market cap$98.73B+30.7%
Enterprise value$117B+26.3%
P/E38.2×+7.6×
P/S3.7×+0.8×

Profitability

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Operating margin16%+0.9pp
Net margin9.7%0.0pp
FCF margin10.6%+3.3pp

Returns & leverage

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Return on equity286.4%+138pp
Debt / equity87×+80.5×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Marriott International in its filing.

Tagged under the XBRL concept mar:RevenuesGrossOfCapitalizedContractCostAmortization.

The official record: Marriott International’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott International's base management fees — gross fee revenues?
Marriott International (MAR) reported base management fees — gross fee revenues of $339M in Q1 2026.
How has Marriott International's base management fees — gross fee revenues changed year-over-year?
Marriott International's base management fees — gross fee revenues increased by 4.3% year-over-year, from $325M to $339M.
What is the long-term trend for Marriott International's base management fees — gross fee revenues?
Over 2 years (2023 to 2025), Marriott International's base management fees — gross fee revenues has grown at a 3.3% compound annual growth rate (CAGR), from $1.24B to $1.32B.
What does base management fees — gross fee revenues mean?
This metric represents the total gross revenue generated from base management fees charged to property owners for operating hotel assets under the company's brand portfolio. These fees are typically calculated as a percentage of a property's gross room revenues and serve as a primary, recurring revenue stream for the asset-light business model. It reflects the company's ability to monetize its brand equity and operational expertise without bearing the capital intensity of property ownership.