Marriott Q1 2026: Adjusted EPS $2.72 Beats Market Expectations
Marriott delivered Q1 2026 adjusted EPS of $2.72, surpassing market consensus of $2.56. Adjusted net income reached $726M (~$501M USD). Global RevPAR grew 4.2% year-over-year.
- Marriott reported Q1 2026 adjusted EPS of $2.72, beating consensus of $2.56, with adjusted net income rising 12.6% to $726M
- Stock gained 2.10% to $354.52 following earnings, with global RevPAR increasing 4.2% year-over-year
Marriott announced Q1 2026 adjusted earnings per share (EPS) of $2.72 via SEC 8-K filing, beating market expectations of $2.56.
📊 Stock Price at Article Time (May 6, 2026, 21:02 KST)
$354.52 ▲ +2.10%
Q1 2026 Results at a Glance
Marriott delivered strong Q1 2026 results. Global RevPAR (Revenue per Available Room) increased 4.2% year-over-year, exceeding company guidance. Growth was driven by increases in franchise fees and co-branded credit card revenues.
- Reported net income: $648M, down 3% YoY
- Adjusted net income: $726M, up 12.6% YoY
- Reported diluted EPS: $2.43, up from $2.39 YoY
- Adjusted diluted EPS: $2.72, beating consensus of $2.56
- Adjusted EBITDA: $1.398B, up 15% YoY
- Franchise & base fees: $1.211B, up 13% YoY
- Incentive management fees: $222M, up YoY
- Global RevPAR: +4.2% YoY | U.S. & Canada: +4.0% | International: +4.6%
Q2 2026 Guidance & Outlook
Marriott issued Q2 2026 guidance and raised its full-year RevPAR growth forecast. CEO Anthony Capuano stated: "Our strong Q1 results reflect the power of our brands, global scale, and robust travel demand. Our asset-light model continues to drive sustainable growth."
Market Reaction
On earnings day, May 6, 2026 at 21:02 KST, Marriott stock traded at $354.52, up 2.10% from the prior close. The adjusted EPS of $2.72 beat FactSet consensus of $2.56 by 6.3%.
Segment Performance
- Franchise & base fees: $1.211B, up 13% from $1.071B YoY. Growth driven by co-branded card fees, room growth, and RevPAR gains.
- Incentive management fees: $222M, up from $204M YoY. Growth led by U.S./Canada and Asia-Pacific, Greater China, and Latin America expansion.
- Company-operated hotels net revenue: $35M, up from $29M YoY.
- APAC RevPAR: +7% or higher YoY, supported by leisure demand.
- Greater China RevPAR: +6% approximately YoY, driven by Hong Kong and Hainan leisure travel.
- EMEA RevPAR: +3% or higher YoY. European and African growth partially offset by Middle East geopolitical headwinds.
- Net room additions: ~15,900 globally. Pipeline reaches record high of 418,000+ buildings and 618,000+ rooms.
This article is auto-generated from SEC 8-K filings and external reporting, designed for rapid dissemination of key earnings data. Investors are encouraged to review official SEC filings before making trading decisions. Stock prices reflect the time of publication and may differ from current levels.
MARFrequently Asked Questions
How does co-branded credit card revenue support growth?
Marriott co-branded cards with major credit issuers generate fees from card partnerships and member benefits. These revenues grow with cardholder spending and Bonvoy membership expansion—now 283M+ members globally.
Which regions drove RevPAR growth in Q1?
Asia-Pacific led with 7%+ RevPAR growth, while Greater China grew ~6% (Hong Kong and Hainan leisure strength). EMEA gained 3%+ despite Middle East geopolitical headwinds offsetting European gains. U.S./Canada grew 4%.
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