Marriott International MAR
We are a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points. 10-K, Item 1
- Employees
- 414,000
- Headquarters
- Bethesda, MD
- CEO
- Anthony Capuano
- Next results
- around Feb 9, 2027
MAR among Consumer discretionary peers
Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.
What changed
4 new risk paragraphs. 10-K filed Feb 10, 2026 against Feb 11, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 10 checks found nothing to note
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Receivables +4.1% vs revenue +4.3% (-0.2 pts)
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Cash from operations $3.2B vs net income $2.6B (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Accounting for the Loyalty Program; Accounting for General and Administrative Expenses and Reimbursed Expenses
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
4 paragraphs in Risk Factors that were not in the 10-K filed Feb 11, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 11, 2025 10-K, ITEM 1A
Insurance coverage designed to limit our exposure to losses such as those related to the Data Security Incident is costly and may not be sufficient or available to cover all of our expenses or other losses (including payments, fines, or penalties resulting from legal proceedings or investigations) related to the Data Security Incident,…
New risk paragraphs, against peers
Latest 10-K of each, Consumer discretionary companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $20.8B | $23.7B | $25.1B | $26.2B |
| Net income | $2.4B | $3.1B | $2.4B | $2.6B |
| Operating cash flow | $2.4B | $3.2B | $2.7B | $3.2B |
| Free cash flow | $2.0B | $2.7B | $2.0B | $2.6B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$26.2B ▲ 4.3% in FY2025$2.6B ▲ 9.5% in FY2025$2.6B ▲ 30.5% in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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8-KNov 2, 2026Quarterly results 8-K item 2.02
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10-QNov 2, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Marriott International, Bethesda, MD · from the 10-K filed Feb 10, 2026
We are a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points. Consistent with our focus on franchising, management, and licensing, we own or lease very few of our lodging properties (less than one percent of our system). As of year-end 2025, our system included 9,805 properties (1,779,936 rooms) in 145 countries and territories, and we also had approximately 4,100 properties (nearly 610,000 rooms) in our development pipeline.
- Headquarters
- Bethesda, MD
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Nov 2, 2026
- Incorporated in
- DE
Employees, at the top of the page: "At year-end 2025, Marriott managed the employment of approximately 414,000 associates" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 10, 2026 (open at SEC), compared with the 10-K filed Feb 11, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MAR/export.csv") into a cell.