Filing Flows › Marriott International (MAR) › Q1 2026
Marriott International (MAR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Marriott International (MAR) reported revenue of $6.7B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -0.5% from the quarter before. Operating margin was 16.0%, net earnings $648M (9.7% of revenue).
Marriott International, Q1 2026: revenue $6.7B (+6% year over year), operating margin 16.0%, net earnings $648M, operating cash flow $858M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | -0.5% | +6% |
| Operating profit | $1.1B | +37% | +12% |
| Net earnings | $648M | +46% | -3% |
| Operating cash flow | $858M | +3% | +33% |
| Free cash flow | $728M | +11% | +42% |
What changed
Revenue was $6.7B in Q1 2026, up 6% year over year and down 1% from the previous quarter. Reimbursements was the largest line at 73% of revenue. Reimbursements added $0.19B year over year (up 4%), 48% of the total change.
Operating profit was $1.1B, a 16.0% margin (up 0.9 points year over year). Of the extra revenue versus Q1 2025, 30% reached operating profit, above the 15% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $0.65B, down 3% year over year. The effective tax rate was 24.5%.
Operating cash flow was $0.86B (up 33% year over year), 132% of net earnings. Non-cash charges added back $0.06B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.13B left free cash flow of $0.73B.
Questions
What was Marriott International's revenue in the first quarter 2026?
Marriott International (MAR) reported revenue of $6.7B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -0.5% from the quarter before.
Was Marriott International profitable in the first quarter 2026?
Operating profit was $1.1B (16.0% of revenue) and net earnings $648M.