MAR Marriott International

Q3 2025 10-Q

Filed: Nov 4, 2025Period ending Sep 30, 2025

Real Estate

Hotels & MotelsSEC EDGAR

Marriott International (MAR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue: Net fee revenues $1,309M Q3 2025 vs $1,257M Q3 2024, up $52M (4%); Franchise fees $2,482M YTD 2025 vs $2,318M YTD 2024, up $164M
• Profitability: U.S. & Canada segment profit $2,110M YTD 2025 vs $2,029M YTD 2024, increase 4.0%; general & admin expenses down $42M Q3 2025 vs Q3 2024

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Risk Factors

• No new or changed risk factors since 2024 Form 10-K, indicating consistent risk profile
• Continued exposure to cyclical economic downturn affecting global lodging demand and occupancy rates

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Quarterly Financial Summary
XBRL

Revenue

$6.5B

▲ +3.7% YoY▼ -3.8% QoQ

Net Income

$728M

▲ +24.7% YoY▼ -4.6% QoQ

Net Margin

11.2%

▲ +188bp YoY▼ -9bp QoQ

Source: XBRL data from Marriott International Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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