Marriott International IncMAR
▼ NegativeCapitalrelevance
Q2 revenue missed estimates despite growth, though EPS and EBITDA beat and guidance raised.
Impact on stocks 1
Consumer Discretionary
Marriott International IncMarriott International reported second-quarter revenue of $7.07 billion, missing analyst estimates of $7.21 billion despite 4.8% year-on-year growth. Adjusted EPS of $3.19 beat expectations of $3.08, and adjusted EBITDA of $1.59 billion also exceeded forecasts. Management raised full-year adjusted EPS guidance to $11.73 at the midpoint, a 1.9% increase, while EBITDA guidance of $6.00 billion was in line with expectations. CEO Anthony Capuano noted that conflict in the Middle East weighed on results, with EMEA RevPAR down just over 5%, and highlighted record deal signings in the first half of 2026. During the earnings call, analysts questioned the new ITR incentive for owners, the ramp-up of co-branded credit card deals expected to add $100–$125 million annually by 2028, and rising investment spend on digital transformation.
Marriott International IncQ2 revenue missed estimates despite growth, though EPS and EBITDA beat and guidance raised.