Marriott tops Q3 revenue, profit estimates

Marriott International

Mon 12:14

Overview
Hotel operator's Q3 revenue grew 8% yr/yr, beating analyst expectations
Adjusted EPS beat analyst expectations
Company repurchased 3.5 mln shares for $1.3 bln in Q3

Outlook
Marriott raises 2026 global RevPAR growth outlook to 4.5% to 5%
Marriott sees full-year 2026 adjusted EPS between $12.07 and $12.14
Company forecasts 2026 adjusted EBITDA of $6.08 bln to $6.10 bln

Result Drivers
REVPAR GROWTH - Co said Q3 revenue growth was driven by higher average daily rates and occupancy, with broad-based gains in the US & Canada and strong international demand, especially in APEC and Europe
FEE INCOME - Higher franchise and base management fees, driven by co-branded credit card fees, RevPAR and rooms growth, contributed to results

Company press release: ID:nPnVsJhda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$7.005 bln
$6.92 bln (16 Analysts)
Q3 Adjusted EPS
Beat
$3.02
$2.84 (23 Analysts)
Q3 EPS
 
$3.04
 
Q3 Adjusted Net Income
Beat
$790 mln
$739.61 mln (14 Analysts)
Q3 Net Income
 
$794 mln
 

Reuters Recommended Reads
Nov 2 - Choice Hotels Q3 revenue and adjusted EPS beat estimates, raises FY RevPAR outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)