Marriott International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	7,117	6,721	6,388	5,445	3,490
Other Revenue	19,204	18,482	17,413	-89	-75
Revenue	26,321	25,203	23,801	5,356	3,415
Revenue Growth (YoY)	4.44%	5.89%	344.38%	56.84%	61.16%
Cost of Revenue	1,461	1,329	1,309	1,074	734
Gross Profit	24,860	23,874	22,492	4,282	2,681
Selling, General & Admin	1,869	1,938	1,661	1,526	1,293
Other Operating Expenses	18,639	17,909	16,718	-911	-590
Operating Expenses	20,721	20,030	18,568	808	923
Operating Income	4,139	3,844	3,924	3,474	1,758
Interest Expense	-809	-695	-565	-403	-420
Interest & Investment Income	42	40	30	26	28
Earnings From Equity Investments	11	8	9	18	-24
Other Non Operating Income (Expenses)	9	31	40	11	10
EBT Excluding Unusual Items	3,392	3,228	3,438	3,126	1,352
Merger & Restructuring Charges	-45	-77	-60	-12	-8
Other Unusual Items	-	-	-	-	-164
Pretax Income	3,394	3,151	3,378	3,114	1,180
Income Tax Expense	793	776	295	756	81
Net Income	2,601	2,375	3,083	2,358	1,099
Net Income to Common	2,601	2,375	3,083	2,358	1,099
Net Income Growth	9.52%	-22.96%	30.75%	114.56%	-
Shares Outstanding (Basic)	273	284	302	324	327
Shares Outstanding (Diluted)	274	285	303	326	329
Shares Change (YoY)	-4.07%	-5.84%	-7.03%	-1.06%	1.07%
EPS (Basic)	9.53	8.36	10.23	7.27	3.36
EPS (Diluted)	9.51	8.33	10.18	7.24	3.34
EPS Growth	14.17%	-18.17%	40.61%	116.77%	-
Free Cash Flow	2,258	1,973	2,617	2,031	994
Free Cash Flow Per Share	8.25	6.92	8.64	6.23	3.02
Dividend Per Share	2.640	2.410	1.960	1.000	-
Dividend Growth	9.54%	22.96%	96.00%	-	-
Gross Margin	94.45%	94.73%	94.50%	79.95%	78.51%
Operating Margin	15.72%	15.25%	16.49%	64.86%	51.48%
Profit Margin	9.88%	9.42%	12.95%	44.02%	32.18%
Free Cash Flow Margin	8.58%	7.83%	11.00%	37.92%	29.11%
EBITDA	4,597	4,227	4,272	3,785	2,061
EBITDA Margin	17.46%	16.77%	17.95%	70.67%	60.35%
D&A For EBITDA	458	383	348	311	303
EBIT	4,139	3,844	3,924	3,474	1,758
EBIT Margin	15.72%	15.25%	16.49%	64.86%	51.48%
Effective Tax Rate	23.36%	24.63%	8.73%	24.28%	6.86%
Revenue as Reported	26,186	25,100	23,713	20,773	13,857
Advertising Expenses	999	993	794	635	470

Source: S&P Global Market Intelligence. Standard template. Financial Sources.