Quarterly ResultMay 6, 2026, 08:57 AM
Marriott Q1 Revenue +6.2% to $6.65B; Diluted EPS $2.43
AI Summary
Marriott International reported a 6.2% increase in total revenues to $6.65 billion for the first quarter of 2026. Diluted earnings per share rose to $2.43, up from $2.39 in the prior year, despite a decrease in net income to $648 million, primarily due to a higher effective tax rate compared to the previous year's tax reserve release. The company also issued $1.45 billion in new senior notes and repurchased $700 million of treasury stock.
Key Highlights
- Total revenues increased 6.2% to $6.65 billion for Q1 2026.
- Diluted earnings per share rose to $2.43, up from $2.39 in Q1 2025.
- Net income decreased to $648 million from $665 million, impacted by a higher effective tax rate.
- Worldwide comparable systemwide RevPAR grew 4.2%, with U.S. & Canada up 4.0% and International up 4.6%.
- Net cash provided by operating activities increased 32.6% to $858 million.
- Issued $1.45 billion in Series WW and Series XX Senior Notes in February 2026.
- Repurchased $700 million of treasury stock in Q1 2026.
- System added approximately 15,900 net rooms in Q1 2026, with full year growth expected at 4.5% to 5.0%.