Marriott International (NASDAQ:MAR) Announces Earnings Results

Key Points

• Marriott beat Q1 adjusted EPS ($2.72 vs. $2.58) and raised FY 2026 guidance to $11.38–$11.63 while lifting global RevPAR guidance to 2%–3%.
• Development and capital returns are strong: a record pipeline of ~618,000 rooms (43% under construction) with expected net rooms growth of 4.5%–5%, and the company plans to return over $4.4 billion to shareholders in 2026 (including $0.7B repurchased in Q1).
• Near-term risk from the Middle East conflict — March RevPAR in the region fell >30%, Marriott expects roughly a ~100–125 basis point hit to full-year global RevPAR and an anticipated ~50% regional RevPAR decline in Q2.

Marriott International (NASDAQ:MAR - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.14, FiscalAI reports. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $6.59 billion. Marriott International had a negative return on equity of 84.23% and a net margin of 9.93%.The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 earnings per share. Marriott International updated its FY 2026 guidance to 11.380-11.630 EPS and its Q2 2026 guidance to 2.990-3.060 EPS.

Here are the key takeaways from Marriott International's conference call:

• Marriott raised full-year global RevPAR guidance to 2%–3% after Q1 outperformance and now expects Q2 RevPAR +1.5%–2.5%, with full-year gross fees lifted to $5.93B–$5.99B and adjusted diluted EPS guidance of $11.38–$11.63 (up 14%–16%).
• Development momentum remains strong: record Q1 global signings, a pipeline near 618,000 rooms (+5% YoY) with 43% under construction, and expected net rooms growth of 4.5%–5% driven materially by conversions.
• The conflict in the Middle East is a meaningful near-term headwind — March RevPAR in the region fell >30%, and Marriott assumes the conflict could subtract 100–125 basis points from full-year global RevPAR, with an anticipated ~50% RevPAR decline in Q2 for the region.
• Financials were strong in Q1: adjusted EBITDA rose 15% to $1.4B and adjusted EPS rose 17% to $2.72, with co-branded card fees up 37% and the company planning to return over $4.4 billion to shareholders in 2026.
• Technology and AI investments are progressing — the 1,000th hotel moved to the new platform and Marriott plans a phased rollout of conversational search and AI tools (customer engagement and desktop assistance) to drive direct bookings and owner returns.

Marriott International Stock Up 1.3%

Marriott International stock traded up $4.54 during midday trading on Wednesday, reaching $359.06. 1,972,359 shares of the stock traded hands, compared to its average volume of 1,595,382. The stock's fifty day moving average is $341.55 and its 200-day moving average is $318.51. Marriott International has a 12 month low of $250.79 and a 12 month high of $380.00. The stock has a market cap of $95.13 billion, a P/E ratio of 37.84, a PEG ratio of 2.91 and a beta of 1.11.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, February 26th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Marriott International's dividend payout ratio is presently 28.24%.

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 6,333 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $356.61, for a total transaction of $2,258,411.13. Following the completion of the transaction, the insider directly owned 9,492 shares of the company's stock, valued at approximately $3,384,942.12. This represents a 40.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Drew Pinto sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $359.81, for a total value of $1,439,240.00. Following the transaction, the executive vice president directly owned 8,221 shares of the company's stock, valued at approximately $2,957,998.01. The trade was a 32.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,540 shares of company stock valued at $34,274,055 in the last 90 days. 11.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marriott International

Several institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Marriott International by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company's stock valued at $582,952,000 after purchasing an additional 219,579 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Marriott International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company's stock valued at $502,410,000 after purchasing an additional 19,387 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marriott International by 37.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company's stock valued at $423,119,000 after purchasing an additional 374,497 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Marriott International by 26.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 846,740 shares of the company's stock valued at $220,525,000 after purchasing an additional 175,637 shares during the last quarter. Finally, Amundi lifted its stake in shares of Marriott International by 9.4% in the 4th quarter. Amundi now owns 811,068 shares of the company's stock valued at $251,626,000 after purchasing an additional 69,660 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Key Headlines Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Q1 beat and healthy demand: Marriott reported adjusted EPS of $2.72 vs. $2.58 consensus and RevPAR rose ~4.2% globally, signaling broad travel demand strength. This is the primary near-term catalyst for the rally. Marriott International Reports First Quarter 2026 Results
• Positive Sentiment: Raised full-year RevPAR & EPS outlook: Management raised its global RevPAR outlook to ~2–3% and set FY 2026 adjusted EPS guidance of $11.38–$11.63, supporting confidence in the recovery and longer-term profitability. Marriott expects 2026 adjusted EPS of $11.38 to $11.63 as it raises full-year global RevPAR
• Positive Sentiment: Development pipeline and capital returns: Marriott recorded a record pipeline (~4,100 properties, ~618k rooms) and repurchased $0.7B in Q1 (>$1.2B returned YTD through April), which supports long-term growth and EPS accretion. Marriott International Reports First Quarter 2026 Results
• Positive Sentiment: Asset sale that preserves management fees: The $835M sale of the JW Marriott Marco Island transfers ownership while Marriott retains management — a cash event that preserves fee income without operational exposure. $835M sale: Marco JW under new ownership, retains Marriott management
• Positive Sentiment: New development/branding deals expand pipeline: Partnerships and signings (e.g., Espire Hospitality, Vinpearl, Vinhomes) reinforce global growth prospects and future fee revenue. Espire Hospitality partners with Marriott for new luxury resort
• Neutral Sentiment: Macro backdrop supportive but mixed: stronger private payrolls and eased shipping tensions are bullish for travel demand, but broader macro volatility could still affect discretionary travel. Marriott Q1 Earnings Beat Estimates on Higher RevPAR & Fees
• Negative Sentiment: Near-term guide friction: Q2 EPS guidance of $2.99–3.06 sits slightly below or only at Street estimates (consensus ~3.06), which could cap upside if investors focus on the quarter-by-quarter beat/miss. Marriott Q1 earnings/guide details
• Negative Sentiment: Accounting metrics flagged: Market reports note a negative return on equity figure (reflecting accounting/leverage effects), which some investors may view as a risk to watch despite strong operating cash flows. Marriott Q1 earnings/metrics

Analyst Ratings Changes

A number of analysts have commented on MAR shares. BMO Capital Markets upgraded Marriott International from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $285.00 to $370.00 in a research report on Friday, January 9th. Wells Fargo & Company upped their price objective on Marriott International from $353.00 to $403.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. Evercore upped their price objective on Marriott International from $320.00 to $350.00 and gave the stock an "outperform" rating in a research note on Thursday, January 22nd. Citigroup upped their price objective on Marriott International from $285.00 to $345.00 and gave the stock a "neutral" rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group upped their price objective on Marriott International from $355.00 to $398.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $357.27.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company's brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.