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Marriott International MAR Owned, leased, and other revenue — Operating costs

Other product segments

Cost reimbursement revenue
$4.94B+4.5%

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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 us-gaap:CostOfRevenue.

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 owned, leased, and other revenue — operating costs?
Marriott International (MAR) reported owned, leased, and other revenue — operating costs of $377M in Q1 2026.
How has Marriott International's owned, leased, and other revenue — operating costs changed year-over-year?
Marriott International's owned, leased, and other revenue — operating costs increased by 13.6% year-over-year, from $332M to $377M.
What is the long-term trend for Marriott International's owned, leased, and other revenue — operating costs?
Over 4 years (2021 to 2025), Marriott International's owned, leased, and other revenue — operating costs has grown at a 19.5% compound annual growth rate (CAGR), from $734M to $1.5B.
What does owned, leased, and other revenue — operating costs mean?
This metric captures the direct operating expenses incurred to maintain and run hotel properties that are owned or leased by the company. It includes costs such as labor, utilities, property taxes, maintenance, and other site-level operating expenditures. Monitoring these costs is essential for evaluating the operational efficiency and profitability of the company's owned real estate portfolio.