Marriott International (MAR) Operating Margin (2009 - 2026)
Marriott International's (MAR) quarterly Operating Margin came in at 17.38% in Q2 2026, down 95.0% on a YoY basis from 347.62% in Q2 2025, and up 8.7% quarter-over-quarter from 15.99% in Q1 2026.
Analysis
Marriott International (MAR) Operating Margin (2009 - 2026) Analysis & Trends
Marriott International (MAR) has reported Operating Margin for 18 consecutive years, with 17.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 95.0% year-over-year to 17.38%; the trailing twelve-month figure through Jun 2026 stood at 15.8% (up 69.0% YoY), and the FY2025 full-year result was 15.81%, up 81.0% from the prior year.
- Operating Margin rose to 17.38% in Q2 2026 per MAR's latest filing, from 15.99% in the prior quarter.
- Across five years, Operating Margin topped out at 18.56% in Q2 2024 and bottomed at 11.61% in Q4 2025.
- Historically, Operating Margin has averaged 15.99% across 5 years, with a median of 16.88% in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 966 bps in 2022, then slumped 504 bps in 2023.
- Over 5 years, Operating Margin stood at 16.82% in 2022, then retreated by 30 bps to 11.78% in 2023, then decreased by 1 bps to 11.7% in 2024, then dropped by 1 bps to 11.61% in 2025, then soared by 50 bps to 17.38% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 17.38%, 15.99%, and 11.61% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 25.68% |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | -48.82% |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | 31.05% |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 22.15% |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 46.40% |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 23.63% |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | 9.14% |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | 20.52% |
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% |