Marriott International reported second-quarter 2026 results with reported net income of $766 million and reported diluted EPS of $2.90, while Adjusted diluted EPS was $3.19. The company recorded Adjusted EBITDA of $1,592 million and global RevPAR growth of 3.4% year-over-year. Marriott added roughly 17,900 net rooms in the quarter and ended the period with a record pipeline of nearly 4,200 properties (~629,000 rooms).

Financial Highlights

  • Reported net income: $766 million for Q2 2026 (Q2 2025: $763 million).
  • Reported diluted EPS: $2.90 for Q2 2026 (Q2 2025: $2.78); Adjusted diluted EPS: $3.19 (Q2 2025: $2.65).
  • Adjusted EBITDA: $1,592 million for Q2 2026 (Q2 2025: $1,415 million).
  • Franchise and base management fees (gross fee revenues): Net fee revenues of $1,547 million and gross fee revenues of $1,578 million in Q2 2026.
  • Balance sheet & capital return: total debt $16.9 billion and cash & equivalents $0.5 billion at quarter-end; repurchased 3.0 million shares for $1.1 billion in Q2 2026 (6.2 million shares, $2.2 billion year-to-date through July 29).

Business Highlights

  • RevPAR performance: Worldwide RevPAR increased 3.4% in Q2 2026 (U.S. & Canada +5.0%; international markets -0.5%), with ADR strength noted in U.S. & Canada.
  • Development momentum: Added ~17,900 net rooms in the quarter; global system exceeded 10,000 properties with nearly 1,814,000 rooms at quarter-end.
  • Record pipeline: Worldwide development pipeline reached ~4,186 properties (~629,000 rooms) with 44% of pipeline rooms under construction and over half of pipeline rooms located in international markets.
  • Loyalty and partnerships: Marriott Bonvoy membership grew to more than 295 million members; executed new long-term U.S. co-branded credit card agreements with JPMorgan Chase and American Express.
  • Operational notes: International RevPAR headwinds largely from the Middle East conflict (EMEA RevPAR down >5%; Middle East down 43%), while APEC and Greater China markets showed RevPAR increases (APEC >5%; Greater China >3%).

Original SEC Filing:

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