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Marriott (MAR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2026, Marriott International (MAR - Free Report) reported revenue of $7.01 billion, up 8% over the same period last year. EPS came in at $3.02, compared to $2.47 in the year-ago quarter.

The reported revenue represents a surprise of -0.54% over the Zacks Consensus Estimate of $7.04 billion. With the consensus EPS estimate being $2.86, the EPS surprise was +5.59%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Marriott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Comparable Systemwide International Properties - Worldwide - REVPAR: $137.91 versus $137.11 estimated by three analysts on average.
  • Rooms - Franchised, Licensed, and Other: 1,241,202 versus 1,224,096 estimated by three analysts on average.
  • Rooms - Total: 1,833,801 compared to the 1,815,403 average estimate based on three analysts.
  • Comparable Systemwide International Properties - Worldwide - REVPAR Growth Rate: 6.5% versus the three-analyst average estimate of 4.4%.
  • Revenues- Contract investment amortization: $-33 million versus the five-analyst average estimate of $-32.63 million. The reported number represents a year-over-year change of +13.8%.
  • Revenues- Gross fee revenues: $1.52 billion versus $1.49 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
  • Revenues- Net fee revenues: $1.49 billion versus $1.45 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
  • Revenues- Owned, leased, and other revenue: $436 million versus $427.36 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
  • Revenues- Franchise fees: $1.01 billion compared to the $996.97 million average estimate based on five analysts. The reported number represents a change of +15% year over year.
  • Revenues- Incentive management fees: $181 million versus the five-analyst average estimate of $165.22 million. The reported number represents a year-over-year change of +22.3%.
  • Revenues- Cost reimbursements: $5.08 billion versus $5.15 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
  • Revenues- Base management fees: $334 million versus the five-analyst average estimate of $322.9 million. The reported number represents a year-over-year change of +6.4%.

View all Key Company Metrics for Marriott here>>>

Shares of Marriott have returned +11.2% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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