Marriott International (MAR) Operating Margin (2009 - 2026)
Marriott International's Operating Margin came in at 17.38% for Q2 2026, down 0.95 percentage points from 18.33% a year earlier but up 1.39 percentage points from the prior quarter.
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Analysis
Marriott International (MAR) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marriott International reported Operating Margin of 15.80%, up 0.69 percentage points year-over-year; for FY2025, it was 15.81%, up 0.81 percentage points from FY2024.
- Operating Margin carries a five-year change of +15.02 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 15.01% in FY2024 (-1.29 pp), 16.29% in FY2023 (-0.37 pp), 16.67% in FY2022 (+4.04 pp) and 12.63% in FY2021 (+11.83 pp).
- The five-year range for quarterly Operating Margin is 11.61% (Q4 2025) to 18.56% (Q2 2024).
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -0.05 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 20.18 percentage points), and the weakest in Q4 2023 (a drop of 5.04 percentage points).
- Business Quant data shows MAR's Operating Margin at 15.99% (Q1 2026), 11.61% (Q4 2025) and 18.18% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 25.68% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 27.05% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 29.40% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 12.77% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -9.36% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -71.84% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 31.05% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 22.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.38% |
| Mar 31, 2026 | 15.99% |
| Dec 31, 2025 | 11.61% |
| Sep 30, 2025 | 18.18% |
| Jun 30, 2025 | 18.33% |
| Mar 31, 2025 | 15.14% |
| Dec 31, 2024 | 11.70% |
| Sep 30, 2024 | 15.09% |
| Jun 30, 2024 | 18.56% |
| Mar 31, 2024 | 14.66% |
| Dec 31, 2023 | 11.78% |
| Sep 30, 2023 | 18.54% |
| Jun 30, 2023 | 18.04% |
| Mar 31, 2023 | 16.94% |
| Dec 31, 2022 | 16.82% |
| Sep 30, 2022 | 18.03% |
| Jun 30, 2022 | 17.80% |
| Mar 31, 2022 | 13.29% |
| Dec 31, 2021 | 14.28% |
| Sep 30, 2021 | 13.81% |
API Access
Marriott International Operating Margin 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-margin&ticker=MAR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MAR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();