Marriott International, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 2, 2026, reporting third-quarter net income of $794 million and gross fee revenues of $1.522 billion.

Key Highlights

  • Net income: $794 million for the three months ended September 30, 2026, compared with $728 million in the same period of 2025.
  • Gross fee revenues: $1.522 billion for Q3 2026, up from $1.338 billion in Q3 2025, according to the filing.
  • Diluted earnings per share: $3.04 for the third quarter, versus $2.67 in the prior-year quarter.
  • Nine-month net income: $2.208 billion for the nine months ended September 30, 2026, compared with $2.156 billion for the same period of 2025.
  • Treasury stock purchases: $3.081 billion in the first nine months of 2026, versus $2.300 billion in the same period of 2025.
  • Long-term debt: $16.434 billion as of September 30, 2026, compared with $14.995 billion at December 31, 2025.
  • Shares outstanding: 257,504,397 shares of Class A Common Stock as of October 26, 2026.

Marriott International Q3 2026 Financial Results: Fees, Income, and Balance Sheet

According to the filing, Marriott International (NASDAQ:MAR) reported total revenues of $7.005 billion for the three months ended September 30, 2026, up from $6.489 billion in Q3 2025. Net fee revenues reached $1.489 billion in the quarter, compared with $1.309 billion a year earlier. Franchise fees accounted for $1.007 billion of gross fee revenues, while base management fees were $334 million and incentive management fees were $181 million. Operating income for the quarter was $1.274 billion, versus $1.180 billion in Q3 2025.

For the nine months ended September 30, 2026, the company disclosed total revenues of $20.730 billion and operating income of $3.567 billion. Net cash provided by operating activities was $3.239 billion for the nine-month period, compared with $2.383 billion in the prior-year period. The filing noted that capital and technology expenditures were $411 million through September 30, 2026. Dividends paid totaled $559 million for the nine months, compared with $539 million in the same period of 2025.

On the balance sheet as of September 30, 2026, the company reported total assets of $28.022 billion and cash and equivalents of $453 million, versus $358 million at December 31, 2025. The liability for the guest loyalty program stood at a combined $8.484 billion across current and noncurrent portions. Stockholders' deficit widened to $(5.084) billion from $(3.771) billion at year-end 2025, reflecting in part the $3.081 billion in treasury stock purchases during the nine-month period. The filing also noted a reclassification of $24 million and $95 million of other expenses for Q3 2025 and the first three quarters of 2025, respectively, from "General, administrative, and other" to "Owned, leased, and other expense" to conform to the current presentation.

What Was Disclosed

Marriott International filed its quarterly report covering the period ended September 30, 2026, disclosing condensed consolidated income statements, balance sheets, and cash flow statements, along with comparative figures for the prior-year periods.