Filing Flows › Marriott International (MAR) › Q2 2026
Marriott International (MAR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Marriott International (MAR) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +6% from the quarter before. Operating margin was 17.4%, net earnings $766M (10.8% of revenue).
Marriott International, Q2 2026: revenue $7.1B (+5% year over year), operating margin 17.4%, net earnings $766M, operating cash flow $948M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +6% | +5% |
| Operating profit | $1.2B | +16% | -0.6% |
| Net earnings | $766M | +18% | +0.4% |
| Operating cash flow | $948M | +10% | +47% |
| Free cash flow | $796M | +9% | +63% |
What changed
Revenue was $7.1B in Q2 2026, up 5% year over year and up 6% from the previous quarter. Reimbursements was the largest line at 72% of revenue. Net fee revenues added $0.18B year over year (up 13%), 54% of the total change.
Operating profit was $1.2B, a 17.4% margin (down 0.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.33B versus Q2 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. Net earnings were $0.77B, roughly flat year over year. The effective tax rate was 26.6%.
Operating cash flow was $0.95B (up 47% year over year), 124% of net earnings. Non-cash charges added back $0.07B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.15B left free cash flow of $0.80B.
Questions
What was Marriott International's revenue in the second quarter 2026?
Marriott International (MAR) reported revenue of $7.1B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +6% from the quarter before.
Was Marriott International profitable in the second quarter 2026?
Operating profit was $1.2B (17.4% of revenue) and net earnings $766M.