Marriott International (MAR) Operating Margin (2009 - 2026)
Marriott International's Operating Margin came in at 18.19% for Q3 2026, unchanged from 18.18% a year earlier and up 0.81 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 Sep 30, 2026, Marriott International reported Operating Margin of 15.84%, down 0.03 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 Q3 2026 figure represents the highest quarterly Operating Margin since Q2 2025.
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of +0.39 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 17.38% (Q2 2026), 15.99% (Q1 2026) and 11.61% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 18.19% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 33.46% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 27.34% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 26.32% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 29.40% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | -9.36% |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -66.38% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 31.05% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.19% |
| 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% |
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();