Citable filing context
MAR's research view summarizes recent SEC filing context, starting with debt_offering from Sep 24, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 24, 2026 | debt_offering | Marriott entered into a Seventh Amended and Restated Credit Agreement increasing its multicurrency revolving credit facility to $5.00 billion with a maturity date of September 23, 2031. |
| Aug 13, 2026 | debt_offering | Marriott issued $250 million in 4.875% Series NN notes and $1 billion in 5.650% Series YY notes. |
| Aug 3, 2026 | earnings | Marriott reported Q2 2026 net income of $766 million and adjusted diluted EPS of $3.19. |
| Aug 3, 2026 | Guidance: adjusted_ebitda | 1439.00 to 1468.00 |
| Aug 3, 2026 | Guidance: adjusted_eps_diluted | 2.74 to 2.82 |
| Aug 3, 2026 | Guidance: global_revpar_growth | 3.00 to 3.50 |
| Aug 3, 2026 | mda_quarterly | Marriott International’s financial performance for the first half of 2026 reflects steady growth, with worldwide RevPAR increasing 3.8% year-over-year, driven primarily by a 3.3% rise in average daily rates. The company’s asset-light model continues to generate strong fee revenues, which reached $3.0 billion for the six-month period, a 13% increase over 2025. This growth was bolstered by higher co-branded credit card fees and expansion in the franchised property portfolio. Regional performance was generally positive, though the Middle East & Africa segment faced significant headwinds due to regional conflict, resulting in a sharp RevPAR decline beginning in March 2026. Conversely, the U.S. & Canada segment benefited from strong demand and World Cup-related travel. Marriott’s development pipeline remains robust, with nearly 4,200 properties and 629,000 rooms, and the company expects full-year 2026 net rooms growth to land at the low end of its 4.5% to 5.0% target. Liquidity remains stable, supported by a $4.5 billion revolving credit facility and consistent cash flow from operations. The company continues to prioritize shareholder returns, repurchasing 6.2 million shares for $2.2 billion through July 2026. Management continues to monitor legal contingencies, including ongoing litigation related to the 2018 Starwood data security incident. |
| May 6, 2026 | mda_quarterly | Marriott’s first-quarter 2026 net fee revenues increased 12% to $1.398 billion, driven by a 17% rise in franchise fees, including $60 million from co-branded credit cards. Systemwide RevPAR grew 4.2%, supported by a 3.1% increase in average daily rate and strong luxury demand in the U.S. and Canada. Conversely, conflict in the Middle East triggered a sharp RevPAR decline in the Middle East & Africa region beginning in March. The company expanded its system to 9,926 properties and forecasts full-year net rooms growth of 4.5% to 5.0%. Net income reached $648 million, though the effective tax rate rose to 24.5% due to the absence of prior-year tax reserve releases. Liquidity was bolstered by $1.425 billion in new Senior Notes issuances, while $700 million was returned to shareholders via stock repurchases. Planned 2026 capital expenditures of $1.05 billion to $1.15 billion include a worldwide technology transformation and an investment in Lefay. A planned U.S. hotel sale is expected to result in a $65 million to $70 million impairment charge in the second quarter. Litigation regarding the Starwood data security incident continues, though management believes it will not impact long-term financial health. |
Source: SEC EDGAR filing text and events; period Sep 24, 2026; filed Sep 24, 2026.
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