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Marriott International (MAR) operating margin by quarter

Marriott International's operating margin was 18.2% in Q3 2026 (third quarter 2026), +0.8 pts from Q2 2026. Over the last 7 quarters it ranged from 11.6% (Q4 2025) to 18.3% (Q2 2025).

Marriott International operating margin by quarterMarriott International operating margin by quarter15.1%Q1 202518.3%Q2 202518.2%Q3 202511.6%Q4 202516.0%Q1 202617.4%Q2 202618.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202618.2%+0.8 pts+0.0 pts
Q2 202617.4%+1.4 pts-0.9 pts
Q1 202616.0%+4.4 pts+0.9 pts
Q4 202511.6%-6.6 pts—
Q3 202518.2%-0.1 pts—
Q2 202518.3%+3.2 pts—
Q1 202515.1%——

Q3 2026 at a glance

Marriott International, Q3 2026: revenue $7.0B (+8% year over year), operating margin 18.2%, net earnings $794M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is Marriott International's operating margin?

Marriott International's operating margin was 18.2% in Q3 2026 (third quarter 2026), +0.8 pts from Q2 2026.

How has Marriott International's operating margin changed?

Over the last 7 quarters it ranged from 11.6% (Q4 2025) to 18.3% (Q2 2025).

Q3 2026 results → · How Marriott International makes money →