Marriott International, Inc. - Ordinary Shares - Class A
MAR - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$107.64B
Close$
Earnings Call Q3 2026
November 2, 2026 - AI Summary
Strong Q3 operating momentum + RevPAR outperformance
- Q3 global RevPAR +6.5% YoY; U.S. & Canada +7.4%, with World Cup included. Ex-World Cup: U.S./Canada +6.2%.
- Luxury led: Luxury RevPAR +12%; Select service RevPAR > +6% (notably 3rd consecutive quarter of solid growth).
- International: +4% RevPAR, led by APEC +9%+ (broad intra-regional + long-haul demand).
- Greater China ~flat YoY due to uneven consumer spending + typhoon impacts, with weaker domestic leisure offsetting strength in Hong Kong/Taiwan/Hainan.
- Caribbean & Latin America +3%+ driven by strong luxury/leisure; Mexico remained soft.
Guidance raised for 2026 (clear upside vs prior plan)
- Management raised full-year 2026 global RevPAR guidance to +4.5%–5% (from an initial ~1.5%–2.5% range at year-end 2025 earnings).
- Q4 expectation: global RevPAR +4.5%–5%; in U.S./Canada demand expected to remain strong (possible small negative from November midterm elections).
- International deceleration expected in Q4, driven by EMEA, especially Middle East: Middle East declined ~12% in Q3 and management expects more meaningful YoY decline in Q4 due to tougher comps (events in Q4’25) and event cancellations tied to heightened tensions.
- 2027 preliminary view (early-budget stage): +3.5%–4.5% global RevPAR YoY, noting easier comps in EMEA may offset some World Cup comparison effects.
Financial results: fees and earnings beat, cost discipline continues
- Q3 gross fee revenues +14% YoY to $1.52B, driven by higher RevPAR, rooms growth, and higher co-branded credit card fees.
- Incentive management fees (IMFs) +22% to $181M, with improvements across U.S./Canada and all international regions, though Middle East and Greater China softness partially offset.
- G&A up only +2% YoY (cost discipline; lower litigation expenses partially offset by other factors).
- Q3 adjusted EBITDA +12% to $1.51B and adjusted diluted EPS +22% to $3.02.
- Own/leased revenue net down (Q3: $41M vs $70M prior year) reflecting renovations, one hotel sale timing, higher third-party costs, partially offset by an expected ~$12M insurance recovery.
Exclusive for Stockcircle Pro members
Sign up
$130.20
69.3% downside
Current Fair Value
69.3% downsideOvervalued by 69.3% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $107.64 Billion |
|---|---|
| Enterprise Value | $124.86 Billion |
| Annual dividend | $2.80 |
| Dividend yield | 0.67% |
| Earnings per Share | $9.52 |
| Beta | 1.15 |
| Outstanding Shares | 260,600,000 |
Return
| Return on Equity | -52.18% |
|---|---|
| Return on Assets | 9.47% |
| Return on Invested Capital | 15.94% |
Valuation & Multiples
| P/E Ratio | 41.77 |
|---|---|
| PEG | 460.76 |
| Price to Sales | 4.04 |
| Price to Book Ratio | -21.23 |
| Enterprise Value to Revenue | 4.55 |
| Enterprise Value to EBIT | 28.37 |
| Enterprise Value to Net Income | 47 |
| Total Debt to Enterprise | 0.14 |
| Debt to Equity | -3.48 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 3, 2026
EPS Estimate
$2.82
Consensus analyst estimateRevenue Estimate
$6.92 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 9, 2027
EPS Estimate
$3.15
Consensus analyst estimateRevenue Estimate
$7.19 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.68, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.6790▲ 105.03% |
|---|---|
| Total Calls | 8,100▼ 99.69% |
| Total Puts | 13,600▼ 99.17% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 10.26%▼ 50.66% |
|---|---|
| Total Invested | $9.73B▼ 83.94% |
| Investors Holding | 999▼ 829.00% |
About Marriott International, Inc.
144,000 employees
CEO: Arne Sorenson
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,500 properties under 30 leading brands spanning 132 countries and territories. Marriott operates and franchises hotels and licen...