Marriott International's Q2 adj profit beats on fee growth

Marriott International

03/08/2026 12:11

Overview
Global hotel operator's Q2 adjusted EPS beat consensus
Adjusted net income for Q2 beat analyst expectations
Company repurchased 3 mln shares for $1.1 bln in Q2

Outlook
Marriott raises full-year 2026 global RevPAR growth outlook to 3.0% to 3.5%
Marriott sees full-year 2026 adjusted EPS of $11.64 to $11.81

Result Drivers
REVPAR PERFORMANCE - Global RevPAR rose 3.4%, with 5% growth in U.S. & Canada offsetting a 0.5% decline in international markets, as headwinds from Middle East conflict weighed on EMEA results
FEE GROWTH - Franchise and base management fees increased, primarily due to higher co-branded credit card fees, rooms growth and higher RevPAR
OWNED, LEASED AND OTHER REVENUE - Declined mainly due to a $27 mln property-related litigation accrual and lower termination fees

Company press release: ID:nPn1qXft7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$3.19
$3.09 (19 Analysts)
Q2 EPS
 
$2.90
 
Q2 Adjusted Net Income
Beat
$844 mln
$809.08 mln (16 Analysts)
Q2 Net Income
 
$766 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"
Wall Street's median 12-month price target for Marriott International Inc is $389.50, about 4.5% above its July 31 closing price of $372.83
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)