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Marriott International MAR Net fee revenues — 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 net fee revenues — gross fee revenues?
Marriott International (MAR) reported net fee revenues — gross fee revenues of $1.43B in Q1 2026.
How has Marriott International's net fee revenues — gross fee revenues changed year-over-year?
Marriott International's net fee revenues — gross fee revenues increased by 12.4% year-over-year, from $1.28B to $1.43B.
What is the long-term trend for Marriott International's net fee revenues — gross fee revenues?
Over 2 years (2023 to 2025), Marriott International's net fee revenues — gross fee revenues has grown at a 6.2% compound annual growth rate (CAGR), from $4.82B to $5.44B.
What does net fee revenues — gross fee revenues mean?
This metric represents the total base and incentive management and franchise fees earned by the company from its hotel properties before any deductions or adjustments. It serves as a primary indicator of the scale and top-line performance of the company's asset-light business model. By aggregating fees from managed and franchised properties, it reflects the company's ability to generate revenue from its brand portfolio without the capital intensity of property ownership.