Filing Flows › Marriott International (MAR) › Q2 2025
Marriott International (MAR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Marriott International (MAR) reported revenue of $6.7B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +8% from the quarter before. Operating margin was 18.3%, net earnings $763M (11.3% of revenue).
Marriott International, Q2 2025: revenue $6.7B (+5% year over year), operating margin 18.3%, net earnings $763M, operating cash flow $643M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | +8% | +5% |
| Operating profit | $1.2B | +30% | +3% |
| Net earnings | $763M | +15% | -1% |
| Operating cash flow | $643M | -0.6% | -17% |
| Free cash flow | $488M | -5% | -25% |
What changed
Revenue was $6.7B in Q2 2025, up 5% year over year and up 8% from the previous quarter. Reimbursements was the largest line at 73% of revenue. Reimbursements added $0.20B year over year (up 4%), 67% of the total change.
Operating profit was $1.2B, a 18.3% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 19% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $0.76B, down 1% year over year. The effective tax rate was 27.6%.
Operating cash flow was $0.64B (down 17% year over year), 84% of net earnings. Non-cash charges added back $0.06B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.15B left free cash flow of $0.49B.
Questions
What was Marriott International's revenue in the second quarter 2025?
Marriott International (MAR) reported revenue of $6.7B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +8% from the quarter before.
Was Marriott International profitable in the second quarter 2025?
Operating profit was $1.2B (18.3% of revenue) and net earnings $763M.