Marriott International (MAR) Operating Expenses (2009 - 2026)
Marriott International (MAR) posted quarterly Operating Expenses of $5.8 billion for Q2 2026, up 6.06% year-over-year from $5.5 billion in Q2 2025, and up 4.51% on a QoQ basis from $5.6 billion in Q1 2026.
Marriott International (MAR) Operating Expenses (2009 - 2026) Analysis & Trends
Marriott International has reported Operating Expenses for 18 years, with the latest figure at $5.8 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $5.8 billion, up 6.06% year-over-year; the trailing twelve-month figure through Jun 2026 was $22.7 billion (up 3.87% YoY), and the FY2025 annual result was $22.0 billion, up 3.34% from the prior year.
- Operating Expenses rose to $5.8 billion in Q2 2026, from $5.6 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 $5.3 billion in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses jumped 64.78%; it then fell 0.04% in 2025.
- A 5-year view of Operating Expenses shows it stood at $4.9 billion in 2022, then gained by 9.13% to $5.4 billion in 2023, then rose by 5.58% to $5.7 billion in 2024, then climbed by 4.16% to $5.9 billion in 2025, then slipped by 1.2% to $5.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $5.8 billion in Q2 2026, $5.6 billion in Q1 2026, and $5.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.02 Bn | 92.56 Bn | 1.97 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 73.87 Bn | 72.89 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Hyatt Hotels | 17.07 Bn | 16.78 Bn | 809.00 Mn | 1.70 Bn |
| 4 | H World | 12.87 Bn | 11.09 Bn | 337.97 Mn | -656.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.56 Bn | -826.02 Bn | 242.81 Mn | -324.67 Mn |
| 6 | Wyndham Hotels & Resorts | 5.47 Bn | 5.40 Bn | 349.00 Mn | 201.00 Mn |
| 7 | Choice Hotels International | 4.72 Bn | 4.68 Bn | 243.10 Mn | 336.62 Mn |
| 8 | Civeo | 364.78 Mn | 344.17 Mn | 41.41 Mn | 174.93 Mn |
| 9 | Intercontinental Hotels | 115.49 Mn | -4.73 Bn | - | - |
| 10 | GreenTree Hospitality | 112.00 Mn | 4,368.01 Bn | 32.55 Mn | -29.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.84 Bn |
| 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 |