Filing Flows › Marriott International (MAR) › Q3 2026 › vs Q3 2025
Marriott International (MAR) Q3 2026 vs Q3 2025 (year over year)
Marriott International's revenue rose $516M (+8%) from $6.5B in Q3 2025 to $7.0B in Q3 2026. The biggest changes: Reimbursements +$320M (+7%); Net fee revenues +$180M (+14%); Owned, leased, and other +$16.0M (+4%). Operating margin 18.2% against 18.2% (+0.0 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.2% | 18.2% | +0.0 pts |
| Net margin | 11.3% | 11.2% | +0.1 pts |
| Free cash flow margin | 18.6% | 14.7% | +4.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Reimbursements | $5.1B | $4.8B | $320M | +7% |
| Net fee revenues | $1.5B | $1.3B | $180M | +14% |
| Owned, leased, and other | $436M | $420M | $16.0M | +4% |
| Revenue | $7.0B | $6.5B | $516M | +8% |
| Operating profit | $1.3B | $1.2B | $94.0M | +8% |
| Costs & expenses | $5.7B | $5.3B | $422M | +8% |
| Pre-tax earnings | $1.1B | $994M | $66.0M | +7% |
| Other expense, net | $214M | $186M | $28.0M | +15% |
| General & admin | $214M | $210M | $4.0M | +2% |
| Other operating costs | $5.5B | $5.1B | $418M | +8% |
| Net earnings | $794M | $728M | $66.0M | +9% |
| Income tax | $266M | $266M | $0 | 0% |
| Share-based compensation | $65.0M | $61.0M | $4.0M | +7% |
| Working capital & other | $574M | $304M | $270M | +89% |
| Operating cash flow | $1.4B | $1.1B | $340M | +31% |
| Free cash flow (OCF − capex) | $1.3B | $951M | $353M | +37% |
| Capital expenditures | $129M | $142M | −$13.0M | -9% |
Questions
How much did Marriott International's revenue grow year over year in Q3 2026?
Marriott International's revenue rose $516M (+8%) from $6.5B in Q3 2025 to $7.0B in Q3 2026.
What drove Marriott International's revenue change in Q3 2026?
Reimbursements +$320M (+7%); Net fee revenues +$180M (+14%); Owned, leased, and other +$16.0M (+4%).