Marriott Q2 Adjusted EPS Beats at $3.19, RevPAR Up 3.4% as Middle East Lags

Marriott International reported fiscal Q2 2026 adjusted earnings per share (EPS) of $3.19, beating market expectations, according to an SEC Form 8-K filing.

📊 Price at time of writing (Aug 5, 2026, 09:09 KST)
$345.20 ▼ -0.47%

Q2 Results at a Glance

Franchise and base management fees rose 14% year-over-year, driving results. RevPAR (revenue per available room, the average revenue generated per available hotel room) in the U.S. and Canada climbed 5.0%, while international markets fell 0.5% amid Middle East instability. Adjusted net income came to $844 million, up from $728 million a year earlier.

• Revenue: Total revenue was not disclosed in the filing. Franchise and base management fees rose 14% year-over-year to $1.366 billion, up from $1.2 billion
• Earnings per share (EPS): Adjusted EPS of $3.19 beat market expectations (vs. $2.65 a year earlier); GAAP EPS was $2.90 (vs. $2.78 a year earlier)
• Operating income: Adjusted operating income rose 12% year-over-year to $1.329 billion, up from $1.186 billion. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, a profitability measure) came to $1.592 billion

Outlook

After Q2 results beat expectations, the company raised its full-year RevPAR growth outlook to 3–3.5%. CEO Tony Capuano said the results 'reflect strong travel demand, brand strength and continued development momentum.' He added, 'We remain confident in our ability to deliver sustainable long-term growth, backed by a robust pipeline and disciplined execution.'

Market Reaction

Following the earnings release, Marriott shares traded at $345.20 as of 9:09 a.m. KST on Aug. 5, down a modest 0.47% from the previous close. Yahoo Finance noted that adjusted EPS beat market expectations. Reuters reported that next-quarter profit guidance came in below market expectations, citing weak Middle East revenue as the driver. Financial outlet TIKR.com said revenue missed estimates but profitability metrics improved. Travel industry outlet Skift reported that the Middle East conflict weighed on Q2 results across major hotel chains, including Marriott. Separately, Marriott said it repurchased 3 million shares for $1.1 billion during the quarter, and returned a total of $2.6 billion to shareholders through dividends and buybacks as of July 29.

Results by Segment

• U.S. & Canada: RevPAR +5.0%, with broad-based growth across chain scales and customer segments
• EMEA (Europe, Middle East & Africa): RevPAR down more than 5%, as growth in Europe was offset by a 43% plunge in the Middle East
• APEC (Asia Pacific): RevPAR up more than 5%, driven by strong leisure demand and intra-regional travel
• Greater China: RevPAR up more than 3%, led by strength in key markets including Hong Kong, Taiwan and Hainan

This article was automatically generated based on the original SEC Form 8-K filing and international media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to consult the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.