MARRIOTT INTERNATIONAL INC MD
For the period ended Mar 31, 2025. Filed May 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
MAR$428.26+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
(in millions, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| REVENUES | ||
| Base management fees | $325 | $313 |
| Franchise fees | 746 | 688 |
| Incentive management fees | 204 | 209 |
| Gross fee revenues | 1,275 | 1,210 |
| Contract investment amortization | (28) | (23) |
| Net fee revenues | 1,247 | 1,187 |
| Owned, leased, and other revenue | 361 | 357 |
| Cost reimbursement revenue | 4,655 | 4,433 |
| 6,263 | 5,977 | |
| OPERATING COSTS AND EXPENSES | ||
| Owned, leased, and other - direct | 296 | 286 |
| Depreciation, amortization, and other | 51 | 45 |
| General, administrative, and other | 245 | 261 |
| Restructuring and merger-related charges | 1 | 8 |
| Reimbursed expenses | 4,722 | 4,501 |
| 5,315 | 5,101 | |
| OPERATING INCOME | 948 | 876 |
| (Losses) gains and other income, net | (2) | 4 |
| Interest expense | (192) | (163) |
| Interest income | 9 | 10 |
| Equity in earnings | 1 | — |
| INCOME BEFORE INCOME TAXES | 764 | 727 |
| Provision for income taxes | (99) | (163) |
| NET INCOME | $665 | $564 |
| EARNINGS PER SHARE | ||
| Earnings per share – basic | $2.40 | $1.94 |
| Earnings per share – diluted | $2.39 | $1.93 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.