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Marriott International MAR Net fee revenues — Capitalized Contract Cost, Amortization

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Other financials

Income statement

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Revenue$6.7B+6.2%
Operating income$1.2B-0.6%
Net income$766.0M+0.4%
EPS (diluted)$2.90+4.3%

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$94.22B+32.1%
Enterprise value$112.48B+28.0%
P/E36.4×+7.5×

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 us-gaap:CapitalizedContractCostAmortization.

The source filing: Marriott International’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 8:52 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001048286-26-000014
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Base management fees339325
Incentive management fees222204
Gross fee revenues1,4331,275
Contract investment amortization(35)(28)
Net fee revenues1,3981,247
Owned, leased, and other revenue412361
Cost reimbursement revenue4,8444,655
6,6546,263

Item 1. Financial Statements

FAQ

What is Marriott International's net fee revenues — capitalized contract cost, amortization?
Marriott International (MAR) reported net fee revenues — capitalized contract cost, amortization of $35M in Q1 2026.
How has Marriott International's net fee revenues — capitalized contract cost, amortization changed year-over-year?
Marriott International's net fee revenues — capitalized contract cost, amortization increased by 25.0% year-over-year, from $28M to $35M.
What is the long-term trend for Marriott International's net fee revenues — capitalized contract cost, amortization?
Over 4 years (2021 to 2025), Marriott International's net fee revenues — capitalized contract cost, amortization has grown at a 15.8% compound annual growth rate (CAGR), from $75M to $135M.
What does net fee revenues — capitalized contract cost, amortization mean?
This metric represents the periodic expense recognized from the amortization of costs incurred to obtain or fulfill long-term management and franchise contracts. These costs are typically capitalized and amortized over the life of the contract to align expenses with the revenue generated from those specific agreements. It reflects the non-cash accounting impact of the investments made to secure and maintain hotel management portfolios.

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