Marriott International (NASDAQ:MAR) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Marriott International (NASDAQ:MAR) released its quarterly earnings data on Monday. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.11, FiscalAI reports. Marriott International had a net margin of 9.62% and a negative return on equity of 80.29%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. Marriott International’s revenue for the quarter was up 4.8% on a year-over-year basis. Marriott International updated its FY 2026 guidance to 11.640-11.810 EPS and its Q3 2026 guidance to 2.740-2.820 EPS.

Here are the key takeaways from Marriott International’s conference call:

• Strong second-quarter performance: Global RevPAR increased 3.4%, while adjusted EBITDA rose 13% and adjusted diluted EPS grew 20% to $3.19. Marriott raised its full-year 2026 global RevPAR growth outlook to 3%-3.5%.
• Middle East conflict remains a major headwind: Middle East RevPAR fell 43% in the quarter, weighing on EMEA results, and the region is expected to have a larger impact in the fourth quarter due to difficult comparisons and its peak tourism season.
• Development momentum remains robust: Marriott reported record first-half signings, a pipeline of approximately 629,000 rooms, and 4.5% net rooms growth over the past year. Conversions represented 34% of signings and 40% of openings, supporting expected mid-single-digit growth over the next several years.
• New U.S. co-branded card agreements should expand fee revenue: The Chase and American Express deals are expected to contribute about $30 million in incremental 2026 fees, with the annual benefit potentially reaching $100 million-$125 million by 2028 as new card products and benefits roll out.
• Higher investment spending and owner support will pressure near-term expenses: 2026 investment spending was raised to $1.25 billion-$1.35 billion, while Marriott will fund new owner incentives and absorb costs related to renovations, litigation, and a slower Marriott Media Network ramp-up.

Marriott International Trading Up 3.7%

Shares of NASDAQ MAR traded up $12.73 on Wednesday, reaching $357.93. 757,684 shares of the company traded hands, compared to its average volume of 1,575,767. The stock has a market capitalization of $94.38 billion, a PE ratio of 37.57, a P/E/G ratio of 2.71 and a beta of 1.10. Marriott International has a fifty-two week low of $256.49 and a fifty-two week high of $410.98. The company has a 50 day moving average of $378.50 and a 200 day moving average of $354.76.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. The ex-dividend date was Friday, May 22nd. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International’s payout ratio is currently 30.64%.

Insider Transactions at Marriott International

In related news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the transaction, the executive vice president owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.43% of the company’s stock.

Institutional Trading of Marriott International

Institutional investors and hedge funds have recently made changes to their positions in the company. McMillan Office Inc. purchased a new position in shares of Marriott International in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Marriott International during the 4th quarter valued at $27,000. Triumph Capital Management purchased a new position in Marriott International in the third quarter valued at about $28,000. Advocate Investing Services LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $31,000. Finally, Greenline Wealth Management LLC purchased a new position in Marriott International in the 4th quarter worth approximately $32,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott exceeded second-quarter adjusted EPS expectations, supported by higher hotel prices, a 13% increase in fee revenue, RevPAR growth and continued room expansion. Management also raised its 2026 full-year EPS outlook above consensus, helping reinforce the company’s growth narrative. MAR Q2 Earnings Beat Estimates, Revenues Miss, RevPAR Rises
• Positive Sentiment: Investors are focusing on Marriott’s asset-light loyalty engine: expanding Bonvoy membership, co-branded credit-card income, conversions, net room growth and a large development pipeline could support high-single-digit fee and EBITDA growth. A bullish analysis values MAR at $400 and projects annual EPS growth of 11%–14% in 2026–2027. Marriott: The Loyalty Engine Is Outgrowing The Hotel Cycle
• Positive Sentiment: Marriott expanded its Bonvoy rewards collaboration with BetMGM into Alberta, potentially increasing member engagement and creating additional customer-acquisition opportunities. The company is also rolling out “Ask Bonvoy,” an AI-powered search tool intended to improve direct bookings and reduce reliance on third-party channels. Marriott Bonvoy and BetMGM Bring Rewards Collaboration to Canada
• Neutral Sentiment: Analyst sentiment remains mixed. Wells Fargo and BMO maintained bullish ratings despite lowering their price targets, while Mizuho, Baird and Barclays retained neutral or equal-weight views. The target reductions reflect more cautious assumptions rather than a broad shift to bearish ratings.
• Negative Sentiment: Second-quarter revenue missed expectations, and third-quarter EPS guidance of $2.74–$2.82 was below the $2.88 consensus estimate. The Middle East conflict weakened international demand, RevPAR and hotel openings, creating near-term execution and regional-growth risks. Marriott Says Middle East Conflict Weighed on 2Q Sales
• Negative Sentiment: Marriott’s premium valuation, elevated debt and relatively modest RevPAR gains could limit upside if travel demand softens or international weakness persists.

Analyst Ratings Changes

MAR has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Susquehanna increased their target price on shares of Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Barclays reduced their price objective on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a research note on Tuesday. Truist Financial boosted their price objective on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their target price on Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $386.65.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.