Marriott International (MAR) Operating Expenses (2009 - 2026)
Marriott International (MAR) recorded quarterly Operating Expenses of $5.6 billion in Q1 2026, down 5.46% on a QoQ basis from $5.9 billion in Q4 2025, and up 5.17% year-over-year from $5.3 billion in Q1 2025.
Marriott International (MAR) Operating Expenses (2009 - 2026) Analysis & Trends
Marriott International has disclosed Operating Expenses across 18 years of filings, most recently posting $5.6 billion for Q1 2026.
- Quarterly Operating Expenses rose 5.17% year-over-year to $5.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $22.3 billion (up 3.59% YoY) and the FY2025 annual result came in at $22.0 billion, up 3.34% from the prior year.
- Operating Expenses retreated to $5.6 billion in Q1 2026, from $5.9 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $5.9 billion in Q4 2025 and troughed at $3.6 billion in Q1 2022.
- A 5-year average of $5.1 billion and a median of $5.2 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 64.78% — and 2025, when it slipped 0.04%.
- Tracing MAR's Operating Expenses over 5 years: stood at $4.9 billion in 2022, then climbed by 9.13% to $5.4 billion in 2023, then advanced by 5.58% to $5.7 billion in 2024, then increased by 4.16% to $5.9 billion in 2025, then slipped by 5.46% to $5.6 billion in 2026.
- Business Quant data shows MAR's Operating Expenses at $5.6 billion in Q1 2026, $5.9 billion in Q4 2025, and $5.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 106.28 Bn | 105.82 Bn | 6.38 Bn | 5.59 Bn |
| 2 | Hilton Worldwide Holdings | 80.50 Bn | 79.97 Bn | - | 2.26 Bn |
| 3 | Intercontinental Hotels | 26.35 Bn | 25.21 Bn | - | - |
| 4 | Hyatt Hotels | 18.67 Bn | 18.32 Bn | 1.75 Bn | 1.63 Bn |
| 5 | Wyndham Hotels & Resorts | 6.42 Bn | 6.34 Bn | 302.00 Mn | 213.00 Mn |
| 6 | Choice Hotels International | 5.30 Bn | 5.26 Bn | 316.92 Mn | 280.54 Mn |
| 7 | Atour Lifestyle Holdings | 2.06 Bn | -359.74 Bn | 241.80 Mn | -324.67 Mn |
| 8 | Civeo | 370.36 Mn | 353.81 Mn | 40.16 Mn | 169.54 Mn |
| 9 | GreenTree Hospitality | 5.49 Mn | -227.74 Mn | 26.57 Mn | -50.43 Mn |
| 10 | H World | 1,693.88 | -1.44 Bn | 824.36 Mn | -656.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.59 Bn |
| Dec 31, 2025 | 5.91 Bn |
| Sep 30, 2025 | 5.31 Bn |
| Jun 30, 2025 | 5.51 Bn |
| Mar 31, 2025 | 5.32 Bn |
| Dec 31, 2024 | 5.68 Bn |
| Sep 30, 2024 | 5.31 Bn |
| Jun 30, 2024 | 5.24 Bn |
| Mar 31, 2024 | 5.10 Bn |
| Dec 31, 2023 | 5.38 Bn |
| Sep 30, 2023 | 4.83 Bn |
| Jun 30, 2023 | 4.98 Bn |
| Mar 31, 2023 | 4.66 Bn |
| Dec 31, 2022 | 4.93 Bn |
| Sep 30, 2022 | 4.36 Bn |
| Jun 30, 2022 | 4.39 Bn |
| Mar 31, 2022 | 3.64 Bn |
| Dec 31, 2021 | 3.81 Bn |
| Sep 30, 2021 | 3.40 Bn |
| Jun 30, 2021 | 2.66 Bn |