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Marriott International MAR Non-US — Operating Income

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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:OperatingIncomeLoss.

The source filing: Marriott International’s 10-K, filed February 10, 2026.

Filed
Feb 10, 2026, 1:35 PM EST
Fiscal year
FY2025
Accession
0001048286-26-000007

Segment profits attributed to operations located outside the U.S. were $1,382 million in 2025, $1,329 million in 2024, and $1,258 million in 2023, including cost reimbursements, net (cost reimbursement revenue, net of reimbursed expenses) outside the U.S. of $(54) million in 2025, $(55) million in 2024, and $23 million in 2023.

Item 8. Financial Statements.

FAQ

What is Marriott International's non-us — operating income?
Marriott International (MAR) reported non-us — operating income of $345.5M in Q4 2025.
How has Marriott International's non-us — operating income changed year-over-year?
Marriott International's non-us — operating income increased by 4.0% year-over-year, from $332.25M to $345.5M.
What is the long-term trend for Marriott International's non-us — operating income?
Over 4 years (2021 to 2025), Marriott International's non-us — operating income has grown at a 46.9% compound annual growth rate (CAGR), from $297M to $1.38B.
What does non-us — operating income mean?
This represents the profit earned from international operations after deducting operating expenses, such as management costs, franchise support, and administrative overhead, from total segment revenue. It excludes interest, taxes, and corporate-level allocations, providing a clear view of the operational efficiency and profitability of the international business unit. This metric is essential for evaluating the performance of the company's global management and franchise business model.

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