Marriott International (MAR) Operating Expenses (2009 - 2026)

Marriott International (MAR) posted Operating Expenses of $5.6 billion for 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's Operating Expenses history runs 18 years deep, the most recent figure standing at $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 was $5.6 billion for Q1 2026 at Marriott International, down from $5.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.9 billion in Q4 2025 and bottomed 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 fell 0.04%.
  • Marriott International's Operating Expenses 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 Intercontinental Hotels 24,088,955.24 Bn 24,088,950.39 Bn - -
2 Marriott International 96.11 Bn 95.65 Bn 6.38 Bn 5.59 Bn
3 Hilton Worldwide Holdings 73.11 Bn 73.08 Bn 2.70 Bn 2.26 Bn
4 Hyatt Hotels 17.34 Bn 16.99 Bn 1.75 Bn 1.63 Bn
5 Atour Lifestyle Holdings 12.95 Bn -818.18 Bn 241.80 Mn -324.67 Mn
6 Wyndham Hotels & Resorts 5.54 Bn 5.46 Bn 349.00 Mn 201.00 Mn
7 Choice Hotels International 4.94 Bn 4.90 Bn 316.92 Mn 280.54 Mn
8 H World 1.80 Bn 19.15 Mn 337.97 Mn -656.00 Mn
9 Civeo 398.09 Mn 381.54 Mn 40.16 Mn 169.54 Mn
10 Mdjm 2,036.85 -698,442.15 - -

Historic Data

Download Data
DateValue
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