Marriott International Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	6,987	6,721	6,388	5,445	3,490	2,251
Other Revenue	-113	-103	-88	-89	-75	-132
Revenue	6,874	6,618	6,300	5,356	3,415	2,119
Revenue Growth (YoY)	4.63%	5.05%	17.63%	56.84%	61.16%	-60.56%
Cost of Revenue	1,268	1,200	1,165	1,074	734	677
Gross Profit	5,606	5,418	5,135	4,282	2,681	1,442
Selling, General & Admin	2,006	2,067	1,805	1,526	1,293	1,038
Other Operating Expenses	-768	-707	-783	-911	-590	-293
Operating Expenses	1,438	1,543	1,211	808	923	975
Operating Income	4,168	3,875	3,924	3,474	1,758	467
Interest Expense	-781	-695	-565	-403	-420	-445
Interest & Investment Income	43	40	30	26	28	27
Earnings From Equity Investments	10	8	9	18	-24	-141
Other Non Operating Income (Expenses)	22	31	16	11	10	9
EBT Excluding Unusual Items	3,462	3,259	3,414	3,126	1,352	-83
Merger & Restructuring Charges	-52	-108	-60	-12	-8	-267
Gain (Loss) on Sale of Assets	-	-	24	-	-	-
Asset Writedown	-	-	-	-	-	-116
Other Unusual Items	-	-	-	-	-164	-
Pretax Income	3,410	3,151	3,378	3,114	1,180	-466
Income Tax Expense	799	776	295	756	81	-199
Net Income	2,611	2,375	3,083	2,358	1,099	-267
Net Income to Common	2,611	2,375	3,083	2,358	1,099	-267
Net Income Growth	-5.67%	-22.96%	30.75%	114.56%	-	-
Shares Outstanding (Basic)	276	284	302	324	327	326
Shares Outstanding (Diluted)	276	285	303	326	329	326
Shares Change (YoY)	-4.44%	-5.84%	-7.03%	-1.06%	1.07%	-2.89%
EPS (Basic)	9.48	8.36	10.23	7.27	3.36	-0.82
EPS (Diluted)	9.46	8.33	10.18	7.24	3.34	-0.82
EPS Growth	-1.24%	-18.17%	40.61%	116.77%	-	-
Free Cash Flow	1,552	1,973	2,617	2,031	994	1,504
Free Cash Flow Per Share	5.62	6.92	8.64	6.23	3.02	4.62
Dividend Per Share	2.600	2.410	1.960	1.000	-	0.480
Dividend Growth	13.04%	22.96%	96.00%	-	-	-74.05%
Gross Margin	81.55%	81.87%	81.51%	79.95%	78.51%	68.05%
Operating Margin	60.63%	58.55%	62.29%	64.86%	51.48%	22.04%
Profit Margin	37.98%	35.89%	48.94%	44.02%	32.18%	-12.60%
Free Cash Flow Margin	22.58%	29.81%	41.54%	37.92%	29.11%	70.98%
EBITDA	4,600	4,258	4,272	3,785	2,061	829
EBITDA Margin	66.92%	64.34%	67.81%	70.67%	60.35%	39.12%
D&A For EBITDA	432	383	348	311	303	362
EBIT	4,168	3,875	3,924	3,474	1,758	467
EBIT Margin	60.63%	58.55%	62.29%	64.86%	51.48%	22.04%
Effective Tax Rate	23.43%	24.63%	8.73%	24.28%	6.86%	-
Revenue as Reported	25,925	25,100	23,713	20,773	13,857	10,571
Advertising Expenses	-	993	794	635	470	276

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.