Marriott International, Inc. (MAR)
NASDAQ: MAR · Real-Time Price · USD
416.47
-0.81 (-0.19%)
At close: Nov 6, 2026, 4:00 PM EST
415.23
-1.24 (-0.30%)
After-hours: Nov 6, 2026, 7:59 PM EST
Marriott International Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 794 | 766 | 648 | 445 | 728 | 763 | 665 | 455 | 584 | 772 | 564 | 848 | 752 | 726 | 757 | 673 | 630 | 678 | 377 | 468 |
Depreciation & Amortization | 127 | 123 | 127 | 122 | 114 | 114 | 108 | 96 | 97 | 97 | 93 | 210 | 46 | 48 | 44 | 164 | 50 | 49 | 48 | 129 |
Other Amortization | 33 | 31 | 35 | 49 | 29 | 29 | 28 | 27 | 26 | 27 | 23 | 22 | 23 | 22 | 21 | -65 | 22 | 19 | 24 | -56 |
Loss (Gain) From Sale of Assets | 6 | 68 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown & Restructuring Costs | -3 | 11 | 2 | 51 | -48 | 1 | -19 | -302 | 9 | 8 | 7 | 5 | 42 | - | - | - | -6 | -1 | 7 | -5 |
Stock-Based Compensation | 65 | 66 | 57 | 65 | 61 | 58 | 52 | 64 | 63 | 57 | 53 | 58 | 54 | 56 | 37 | 48 | 48 | 52 | 44 | 44 |
Other Operating Activities | 235 | -75 | 352 | -101 | 85 | -178 | 138 | -102 | -11 | -156 | 280 | -602 | -110 | -82 | 124 | -62 | -24 | 2 | 128 | -187 |
Change in Other Net Operating Assets | 176 | -42 | -363 | 198 | 124 | -144 | -325 | 80 | 112 | -33 | -241 | 210 | 74 | -119 | -96 | -317 | 154 | -149 | -230 | 39 |
Operating Cash Flow | 1,433 | 948 | 858 | 829 | 1,093 | 643 | 647 | 318 | 880 | 772 | 779 | 751 | 881 | 651 | 887 | 441 | 874 | 650 | 398 | 432 |
Operating Cash Flow Growth (YoY) | 31.11% | 47.43% | 32.61% | 160.69% | 24.20% | -16.71% | -16.95% | -57.66% | -0.11% | 18.59% | -12.18% | 70.30% | 0.80% | 0.15% | 122.86% | 2.08% | 41.20% | 556.57% | 1374.07% | 2600.00% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -129 | -152 | -130 | -173 | -491 | -155 | -135 | -368 | -174 | -125 | -109 | -133 | -124 | -201 | -95 | -140 | -73 | -70 | -49 | -69 |
Sale of Property, Plant & Equipment | 3 | 91 | 2 | - | 9 | - | - | 12 | 3 | - | 1 | 10 | 61 | - | - | 1 | - | - | - | 4 |
Other Investing Activities | 4 | -66 | -11 | -2 | 11 | 2 | -1 | -15 | 7 | 2 | 6 | -5 | 1 | 31 | 6 | -22 | 31 | 3 | 19 | -40 |
Investing Cash Flow | -107 | -29 | -149 | -173 | -489 | -143 | -143 | -345 | -164 | -130 | -95 | -102 | -120 | -184 | -59 | -160 | -46 | -68 | -23 | -106 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | - | 1,425 | - | - | - | 1,960 | - | - | - | 1,468 | - | - | - | 900 | - | - | - | - | - |
Total Debt Issued | 1,169 | 65 | 1,425 | - | 1,297 | 179 | 1,960 | 163 | 1,138 | 342 | 1,468 | 446 | 499 | 619 | 900 | - | 983 | - | - | 156 |
Long-Term Debt Repaid | - | - | -1,088 | - | - | - | -1,354 | - | - | - | -687 | - | - | - | -328 | - | - | - | -651 | - |
Total Debt Repaid | -1,099 | 333 | -1,088 | 205 | -963 | 400 | -1,354 | 646 | -650 | 133 | -687 | -352 | -2 | -2 | -328 | 642 | -302 | -675 | -651 | 148 |
Net Debt Issued (Repaid) | 70 | 398 | 337 | 205 | 334 | 579 | 606 | 809 | 488 | 475 | 781 | 94 | 497 | 617 | 572 | 642 | 681 | -675 | -651 | 304 |
Issuance of Common Stock | 55 | - | 53 | - | 47 | - | 45 | - | 40 | - | 33 | - | 29 | - | - | - | - | - | - | - |
Repurchase of Common Stock | -1,263 | -1,121 | -824 | -1,005 | -801 | -750 | -860 | -597 | -1,022 | -1,016 | -1,265 | -968 | -968 | -918 | -1,207 | -1,332 | -936 | -309 | -78 | -5 |
Common Dividends Paid | -189 | -192 | -178 | -179 | -182 | -183 | -174 | -176 | -176 | -179 | -151 | -152 | -154 | -157 | -124 | -126 | -97 | -98 | - | - |
Other Financing Activities | -8 | - | - | - | - | - | - | - | - | - | - | - | -1 | -1 | -23 | -8 | 25 | - | - | -1 |
Financing Cash Flow | -1,335 | -915 | -612 | -979 | -602 | -354 | -383 | 36 | -670 | -720 | -602 | -1,026 | -597 | -459 | -782 | -824 | -327 | -1,082 | -729 | 298 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -9 | 4 | 97 | -323 | 2 | 146 | 121 | 9 | 46 | -78 | 82 | -377 | 164 | 8 | 46 | -543 | 501 | -500 | -354 | 624 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,304 | 796 | 728 | 656 | 602 | 488 | 512 | -50 | 706 | 647 | 670 | 618 | 757 | 450 | 792 | 301 | 801 | 580 | 349 | 363 |
Free Cash Flow Growth (YoY) | 116.61% | 63.12% | 42.19% | - | -14.73% | -24.57% | -23.58% | - | -6.74% | 43.78% | -15.40% | 105.32% | -5.49% | -22.41% | 126.93% | -17.08% | 39.30% | 883.05% | - | - |
Free Cash Flow Margin | 18.62% | 11.26% | 10.94% | 9.81% | 9.28% | 7.24% | 8.18% | -0.78% | 11.29% | 10.05% | 11.21% | 10.14% | 12.77% | 7.41% | 14.11% | 5.08% | 15.08% | 10.87% | 8.31% | 8.16% |
Free Cash Flow Per Share | 4.99 | 3.01 | 2.73 | 2.44 | 2.21 | 1.78 | 1.84 | -0.18 | 2.50 | 2.26 | 2.30 | 2.09 | 2.52 | 1.48 | 2.55 | 0.95 | 2.46 | 1.76 | 1.06 | 1.10 |
Levered Free Cash Flow | 965.38 | 574.13 | 604.75 | 492.75 | 366.75 | 312.63 | 481.13 | -23 | 693.75 | 624.75 | 618.63 | 832.13 | 664.75 | 383.25 | 681.25 | 386.25 | 761.5 | 1,001 | 459.25 | 515 |
Unlevered Free Cash Flow | 1,107 | 712.25 | 738.5 | 622.75 | 495.5 | 439.5 | 601.13 | 89.5 | 805.63 | 732.88 | 720.5 | 927.75 | 756 | 470.75 | 760 | 458.13 | 824 | 1,061 | 517.38 | 575.63 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 74 | 304 | 77 | 295 | 75 | 241 | 87 | 249 | 47 | 255 | 48 | 210 | 70 | 196 | - | 142 | 24 | 150 | 29 | 140 |
Cash Income Tax Paid | 261 | 235 | 115 | 278 | 258 | 461 | 73 | 218 | 296 | 375 | 58 | 238 | 263 | 406 | - | 135 | 216 | 87 | 38 | 69 |
Change in Working Capital | 176 | -42 | -363 | 198 | 124 | -144 | -325 | 80 | 112 | -33 | -241 | 210 | 74 | -119 | -96 | -317 | 154 | -149 | -230 | 39 |