MARKETS / NASDAQ / MAR

NASDAQ · HOTELS & MOTELS · LARGE CAP

Marriott International Inc. MAR

19 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$26.2B

▲ 4.3% YoY

Net income

$2.6B

▲ 9.5% YoY

Free cash flow

$2.6B

▲ 30.5% YoY

In brief

What this company does

Marriott operates as a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of brands at different price and service points. Consistent with its focus on franchising, management, and licensing, it owns or leases fewer than one percent of its lodging properties. As of year-end 2025, its system included 9,805 properties, comprising 1,779,936 rooms, in 145 countries and territories, with approximately 4,100 properties and nearly 610,000 rooms in its development pipeline. It discusses its operations across four reportable business segments: U.S. & Canada, Europe, Middle East & Africa, Greater China, and Asia Pacific excluding China. Its brands are categorized by style of offering, Classic and Distinctive, and grouped into four quality tiers: Luxury, Premium, Select, and Midscale.

Written from the business description in MARRIOTT INTERNATIONAL INC /MD/'s annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth

USD 26.2B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 26.2 · Net income 2.6

Compound annual growth

Revenue

+8.0%

+19.9%

+6.1%

+5.5%

Net income

+3.3%

+11.7%

+12.3%

EPS, diluted

+9.5%

Dividend / share

+38.2%

+40.6%

Returned to shareholders

+10.8%

+66.6%

+6.3%

+35.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +19.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.8% · Net 9.9%

ROE

FY2022 · ROE 237.9%

Gross margin—

Operating margin15.8%

Net margin9.9%

Return on assets9.7%

EBITDAUSD 4.3B

Cash & shareholders

USD 3.9B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 2.6

Net buybacks $B Dividends $B

FY2025 · Dividends 0.7 · Net buybacks 3.2

Dividends paidUSD 718.0M

Net buybacksUSD 3.2B

Share of profit150.9%

Consecutive raises3 years

USD 718.0M in dividends and USD 3.2B in buybacks — 151% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 27.5B

EquityUSD -3.8B

CashUSD 358.0M

Gross debtUSD 23.0M

Net debtUSD -335.0M

Current ratio0.43×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	26.2	25.1	23.7	20.8	13.9	10.6	21.0	20.8	20.5	15.4	14.5	13.8	12.8	11.8	12.3	11.7	10.9	12.9	13.0
Operating income $B	4.1	3.8	3.9	3.5	1.8	0.1	1.8	2.4	2.5	1.4	1.4	1.2	1.0	0.9	0.5	0.7	−0.2	0.8	1.2
EBITDA $B	4.3	3.9	4.0	3.6	1.9	0.4	2.1	2.6	2.7	1.6	1.5	1.3	1.1	1.0	0.7	0.9	0.0	0.9	·
Income tax $B	0.8	0.8	0.3	0.8	0.1	−0.2	0.3	0.4	1.5	0.4	0.4	0.3	0.3	0.3	0.2	0.1	−0.1	0.3	0.4
Net income $B	2.6	2.4	3.1	2.4	1.1	−0.3	1.3	1.9	1.5	0.8	0.9	0.8	0.6	0.6	0.2	0.5	−0.3	0.4	0.7
Free cash flow $B	2.6	2.0	2.7	2.0	1.0	1.5	1.0	1.8	2.0	1.4	1.2	0.8	0.8	0.6	0.9	0.8	0.7	0.3	0.1
EPS, diluted $	9.51	8.33	10.18	7.24	3.34	−0.82	3.80	5.38	3.84	2.73	3.15	2.54	2.00	1.72	0.55	1.21	−0.97	0.98	1.73
Dividend / sh $	2.64	2.41	1.96	1.00	·	0.48	1.85	1.56	1.29	·	·	·	·	0.49	0.39	0.21	0.09	0.33	0.28
Payout %	28	29	19	14	0	−58	48	28	33	46	29	30	31	33	68	9	−18	32	15
ROE %	·	·	·	237.9	119.2	−47.1	87.0	65.7	33.5	105.6	·	·	·	·	49.3	35.5	−29.1	26.2	·
Shares out B	0.27	0.28	0.29	0.31	0.33	0.32	0.32	0.34	0.36	0.39	0.26	0.28	0.30	0.31	0.33	0.37	0.36	0.35	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityHotels & Motels

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2007