Marriott International (MAR) Operating Leases (2019 - 2026)
Marriott International's Operating Leases came in at $835 million for Q3 2026, down 5.9% from $887 million a year earlier and down 2.8% from the prior quarter.
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Analysis
Marriott International (MAR) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Marriott International's Operating Leases was $879 million, up 10.7% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- Going back by year, Operating Leases was $794 million in FY2024 (-10.5%), $887 million in FY2023 (-14.2%), $1.03 billion in FY2022 (-5.8%) and $1.1 billion in FY2021 (+33.4%).
- The Q3 2026 figure represents the lowest quarterly Operating Leases since Q1 2025.
- Year-over-year, Operating Leases increased in four of the last eight quarters, with growth averaging 1.1%.
- The fastest year-over-year change in Operating Leases over five years came in Q3 2022 (growth of 44.5%), and the weakest in Q2 2024 (a decline of 17.4%).
- Business Quant data shows MAR's Operating Leases at $859 million (Q2 2026), $876 million (Q1 2026) and $879 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 109.37 Bn | 107.65 Bn | 1.54 Bn |
| 2 | Royal Caribbean Cruises | 89.98 Bn | 86.92 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 83.78 Bn | 80.52 Bn | 3.05 Bn |
| 4 | Carnival | 41.69 Bn | 34.88 Bn | - |
| 5 | Viking Holdings | 38.92 Bn | 24.04 Bn | 996.62 Mn |
| 6 | Trip.com | 28.82 Bn | -16.21 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 27.81 Bn | 23.78 Bn | - |
| 8 | Hyatt Hotels | 17.47 Bn | 14.88 Bn | 384.00 Mn |
| 9 | H World | 15.42 Bn | 6.83 Bn | 456.00 Mn |
| 10 | U-Haul Holding | 10.95 Bn | 6.60 Bn | 1.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 835.00 Mn |
| Jun 30, 2026 | 859.00 Mn |
| Mar 31, 2026 | 876.00 Mn |
| Dec 31, 2025 | 879.00 Mn |
| Sep 30, 2025 | 887.00 Mn |
| Jun 30, 2025 | 881.00 Mn |
| Mar 31, 2025 | 789.00 Mn |
| Dec 31, 2024 | 794.00 Mn |
| Sep 30, 2024 | 831.00 Mn |
| Jun 30, 2024 | 825.00 Mn |
| Mar 31, 2024 | 851.00 Mn |
| Dec 31, 2023 | 887.00 Mn |
| Sep 30, 2023 | 966.00 Mn |
| Jun 30, 2023 | 999.00 Mn |
| Mar 31, 2023 | 1.02 Bn |
| Dec 31, 2022 | 1.03 Bn |
| Sep 30, 2022 | 1.01 Bn |
| Jun 30, 2022 | 1.05 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 1.10 Bn |
API Access
Marriott International Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=MAR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "MAR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=MAR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();