MARRIOTT INTERNATIONAL INC /MD/

Listed Company

MARCIK 0001048286NasdaqLarge AcceleratedHotels & MotelsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$26.19B

Net Income

$2.60B

Total Assets

$27.54B

Equity

$-3.77B

Shares Out

264.98M

Op. Cash Flow

$3.21B

Business

MARRIOTT INTERNATIONAL INC /MD/ is a global operator, franchisor, and licensor of hotel, residential, timeshare, and other lodging properties across a portfolio of dozens of brands. It offers management and franchise services, branded residential programs, timeshare and yacht offerings, a global loyalty program with co‑branded credit cards, and digital reservations, marketing, and revenue management solutions. Reportable operating segments include U.S. & Canada, Europe, Middle East & Africa (EMEA), Greater China, and Asia Pacific excluding China, with CALA included in unallocated corporate and other. Its properties and services are distributed worldwide through company‑operated hotels, franchised and licensed properties, direct digital channels, centralized reservation systems, and partnerships with owners and developers.

Summary from filing dated 2025-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	26,186	25,100	23,713	20,773	13,857
Depreciation, amortization, and other	213	183	189	193	—
General and administrative	870	945	867	891	823
Restructuring and merger-related (recoveries) charges, and other	−2	77	60	—	—
Costs and expenses	22,045	21,333	19,849	17,311	12,107
OPERATING INCOME	4,141	3,767	3,864	3,462	1,750
Gains and other income, net	9	31	40	11	10
Interest expense	−809	−695	−565	−403	—
Interest income	42	40	30	26	28
Equity in earnings	11	8	9	18	−24
INCOME BEFORE INCOME TAXES	3,394	3,151	3,378	3,114	1,180
Provision for income taxes	−793	−776	−295	−756	−81
NET INCOME	2,601	2,375	3,083	2,358	1,099
Earnings per share - basic (in USD per share)	9.53	8.36	10.23	7.27	3.36
Earnings per share - diluted (in USD per share)	9.51	8.33	10.18	7.24	3.34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and equivalents	358	396	338	507	1,393
Accounts and notes receivable, net	2,909	2,795	2,712	2,571	1,982
Prepaid expenses and other	317	294	261	235	251
Total current assets	3,584	3,485	3,311	3,313	3,626
Property and equipment, net	1,954	1,833	1,581	1,585	1,503
Intangible assets	10,336	9,488	9,190	8,747	8,926
Goodwill	8,907	8,731	8,886	8,872	9,073
Goodwill and intangible assets, net, total	19,243	18,219	18,076	17,619	17,999
Equity method investments	298	298	308	335	387
Notes receivable, net	151	136	138	152	144
Deferred tax assets	570	650	673	240	228
Operating lease assets	941	845	929	987	1,062
Other noncurrent assets	799	716	658	584	604
Total assets	27,540	26,182	25,674	24,815	25,553
Current portion of long-term debt	1,209	1,309	553	684	805
Accounts payable	814	763	738	746	726
Accrued payroll and benefits	1,438	1,449	1,390	1,299	1,187
Accrued expenses and other	1,440	1,641	1,753	1,296	1,167
Total current liabilities	8,398	8,649	7,762	7,339	6,407
Long-term debt	14,995	13,138	11,320	9,380	9,333
Deferred tax liabilities	79	81	209	313	169
Operating lease liabilities	879	794	887	1,034	1,098
Other noncurrent liabilities	1,265	1,377	1,482	1,842	2,002
Class A Common Stock	5	5	5	5	5
Additional paid-in-capital	6,352	6,179	6,051	5,965	5,892
Retained earnings	18,414	16,531	14,838	12,342	10,305
Treasury stock, at cost	−27,900	−24,644	−20,929	−17,015	−14,446
Accumulated other comprehensive loss	−642	−1,063	−647	−729	−342
Stockholders deficit	−3,771	−2,992	−682	568	1,414
Liabilities and equity, total	27,540	26,182	25,674	24,815	25,553

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization, and other (including depreciation and amortization classified in reimbursed expenses)	599	492	436	400	295
Stock-based compensation	236	237	205	192	182
Income taxes	−277	−172	−612	280	−281
Contract acquisition costs	−434	−341	−221	−149	—
Restructuring and merger-related (recoveries) charges, and other	−15	−278	47	—	—
Working capital changes	−147	−82	69	−542	110
Other	176	4	−138	−49	−144
Net cash provided by operating activities	3,212	2,749	3,170	2,363	1,177
Capital and technology expenditures	−604	−750	−452	—	—
Asset acquisitions	−350	−26	−101	0	0
Dispositions	9	16	71	1	12
Loan advances	−35	−10	−77	−11	−13
Loan collections	22	36	61	14	40
Other	10	0	33	31	−43
Net cash used in investing activities	−948	−734	−465	−297	−187
Commercial paper/Credit Facility, net	−403	163	546	−182	150
Issuance of long-term debt	3,436	2,948	1,918	983	1,793
Repayment of long-term debt	−1,309	−558	−684	−804	−2,174
Issuance of Class A Common Stock	92	73	29	0	2
Dividends paid	−718	−682	−587	−321	0
Purchase of treasury stock	−3,300	−3,762	−3,953	−2,566	0
Stock-based compensation withholding taxes	−116	−138	−108	−89	−90
Other	0	0	−25	17	11
Net cash used in financing activities	−2,318	−1,956	−2,864	−2,962	−463
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	−54	59	−159	−896	527

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro