MARRIOTT INTERNATIONAL INC /MD/
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 3, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(in millions, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| REVENUES | ||||
| Franchise fees | $1,023 | $860 | $1,895 | $1,606 |
| Base management fees | 343 | 340 | 682 | 665 |
| Incentive management fees | 212 | 200 | 434 | 404 |
| Gross fee revenues | 1,578 | 1,400 | 3,011 | 2,675 |
| Contract investment amortization | (31) | (29) | (66) | (57) |
| Net fee revenues | 1,547 | 1,371 | 2,945 | 2,618 |
| Owned, leased, and other revenue | 466 | 441 | 878 | 802 |
| Cost reimbursement revenue | 5,058 | 4,932 | 9,902 | 9,587 |
| 7,071 | 6,744 | 13,725 | 13,007 | |
| OPERATING COSTS AND EXPENSES | ||||
| Owned, leased, and other expense (1) | 417 | 363 | 794 | 695 |
| Depreciation, amortization, and other | 115 | 53 | 169 | 104 |
| General and administrative (1) | 220 | 210 | 439 | 419 |
| Restructuring and merger-related (recoveries) charges, and other | (10) | 8 | (6) | 9 |
| Reimbursed expenses | 5,100 | 4,874 | 10,036 | 9,596 |
| 5,842 | 5,508 | 11,432 | 10,823 | |
| OPERATING INCOME | 1,229 | 1,236 | 2,293 | 2,184 |
| Gains and other income, net | 11 | 5 | 14 | 3 |
| Interest expense | (221) | (203) | (435) | (395) |
| Interest income | 20 | 12 | 30 | 21 |
| Equity in earnings | 5 | 4 | — | 5 |
| INCOME BEFORE INCOME TAXES | 1,044 | 1,054 | 1,902 | 1,818 |
| Provision for income taxes | (278) | (291) | (488) | (390) |
| NET INCOME | $766 | $763 | $1,414 | $1,428 |
| EARNINGS PER SHARE | ||||
| Earnings per share – basic | $2.90 | $2.78 | $5.34 | $5.18 |
| Earnings per share – diluted | $2.90 | $2.78 | $5.32 | $5.17 |
(1)The 2025 second quarter and 2025 first half reflect the reclassification of $35 million and $71 million, respectively, of other expenses previously reported under the “General, administrative, and other” caption to the “Owned, leased, and other expense” caption of our Income Statements to conform to our current presentation.
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