Marriott International, Inc.
Shortcut
2.89Normalized diluted EPS
+1.4% vs Street
Street
2.85Normalized diluted EPS
November 1 consensus snapshot
Real
3.02Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Guidance 3Q26 adj. EPS $2.74-2.82 (mid $2.78); Marriott beat its EPS midpoint in 3 of the last 4 quarters (avg +$0.12) and gross-fee midpoints every quarter (+$20-60m).
Quarter data skew positive: July RevPAR +7% global / +8% U.S. & Canada (Sep-9 conference); peers beat Q3 RevPAR guides (Hilton +5.8% vs ~4%, Hyatt +7.2%, IHG +5.3%); U.S. industry RevPAR ~+7% in Q3.
Model worldwide RevPAR ~+4.8% vs 3.5-4.0% guide; Middle East still negative (-14% assumed) and Greater China soft, so international ~+1.5%.
Gross fees $1,509m (+12.7% Y/Y, ~$30m above guide mid) incl. co-brand card fees +$85m; OL&O net, G&A, D&A, interest and 26.7% tax held at guidance; ~261.0m diluted shares after ~$1.0bn buyback.
Result: adj. EPS $2.89 vs consensus $2.85 (+1.4%); revenue $6,917m vs $6,922m consensus; GAAP EPS $2.82 assumes -$25m net cost reimbursements.
On the record.
- Reporting period
- FQ3 2026 (quarter ended 2026-09-30)
- Reporting basis
- Adjusted (non-GAAP) diluted EPS, USD per diluted common share = normalized EPS basis
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 9:39 PM PST
- First posted
- Nov 2, 2026 at 3:21 PM PST
- Result checked
- Nov 2, 2026 at 5:14 PM PST