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Marriott International MAR Cost reimbursement revenue — Operating costs

Other product segments

Owned, leased, and other revenue
$377M+13.6%

Similar metrics at other companies

Choice Hotels International logo
CHHRevenue for reimbursable costs from franchised and managed properties — Operating Expenses
$161.79M+12.5%
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HGVCost reimbursements — Expenses
$149M+12.0%
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HLTReimbursement Revenue — Revenue
$1.98B+9.4%
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MCSReimbursed costs
$10.4M+5.5%
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HReimbursed costs — Costs of goods and services sold
$963M+6.8%

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 cost reimbursement revenue — operating costs?
Marriott International (MAR) reported cost reimbursement revenue — operating costs of $4.94B in Q1 2026.
How has Marriott International's cost reimbursement revenue — operating costs changed year-over-year?
Marriott International's cost reimbursement revenue — operating costs increased by 4.5% year-over-year, from $4.72B to $4.94B.
What is the long-term trend for Marriott International's cost reimbursement revenue — operating costs?
Over 4 years (2021 to 2025), Marriott International's cost reimbursement revenue — operating costs has grown at a 17.2% compound annual growth rate (CAGR), from $10.32B to $19.5B.
What does cost reimbursement revenue — operating costs mean?
This metric captures the total operating expenses incurred by the company that are contractually eligible for reimbursement from property owners. These costs primarily consist of payroll, benefits, and other administrative expenses related to the operation of managed or franchised hotels. Because these costs are intended to be fully reimbursed, they represent a pass-through mechanism rather than direct corporate operating expenses.