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Marriott International MAR Reimbursements — Operating Income (Loss)

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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$99.91B+40.2%
Enterprise value$118.18B+34.8%
P/E38.7×+9.9×
P/S3.8×+1.0×

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 official record: Marriott International’s 10-K, filed February 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott International's reimbursements — operating income (loss)?
Marriott International (MAR) reported reimbursements — operating income (loss) of -$13.5M in Q4 2025.
How has Marriott International's reimbursements — operating income (loss) changed year-over-year?
Marriott International's reimbursements — operating income (loss) increased by 1.8% year-over-year, from -$13.75M to -$13.5M.
What is the long-term trend for Marriott International's reimbursements — operating income (loss)?
Over 4 years (2021 to 2025), Marriott International's reimbursements — operating income (loss) has grown at a -9.1% compound annual growth rate (CAGR), from $79M to -$54M.
What does reimbursements — operating income (loss) mean?
This metric represents the operating profit or loss generated by the segment responsible for managing property-level reimbursements. These reimbursements typically involve costs incurred by the company on behalf of managed or franchised properties that are subsequently recovered from property owners. It reflects the net financial impact of these pass-through activities after accounting for associated administrative and operational expenses.