SHARPE
Reported results
- Third quarter 2026 reported net income totaled $794 million, a 9 percent increase compared to reported net income of $728 million in the 2025 third quarter.
- Third quarter 2026 Adjusted net income totaled $790 million, a 17 percent increase compared to Adjusted net income of $674 million in the year-ago quarter.
- Third quarter 2026 reported diluted EPS totaled $3.04, compared to reported diluted EPS of $2.67 in the 2025 third quarter.
- Third quarter 2026 Adjusted diluted EPS totaled $3.02, a 22 percent increase compared to Adjusted diluted EPS of $2.47 in the year-ago quarter.
- Third quarter 2026 Adjusted EBITDA totaled $1,512 million, a 12 percent increase compared to third quarter 2025 Adjusted EBITDA of $1,349 million.
- Third quarter 2026 reported operating income totaled $1,274 million, compared to reported operating income of $1,180 million in the 2025 third quarter.
Guidance
- For full year 2026, Marriott expects worldwide RevPAR growth of 4.5% to 5.0%.
- For fourth quarter 2026, worldwide RevPAR growth is expected to be 4.5% to 5.0%.
- For full year 2026, Adjusted EBITDA is expected to be $6,075 million to $6,098 million.
- For fourth quarter 2026, Adjusted EBITDA is expected to be $1,573 million to $1,596 million.
- For full year 2026, Adjusted EPS – diluted is expected to be $12.07 to $12.14.
- For fourth quarter 2026, Adjusted EPS – diluted is expected to be $3.14 to $3.21.
Notes
In the 2025 fourth quarter, Marriott reclassified amounts attributable to other expenses previously reported under the ‘General, administrative, and other’ caption to the ‘Owned, leased, and other expense’ caption of its Income Statements to conform to current presentation.
Price and volatility reaction
The stock moved +4.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +1.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 399.3 | 2026-10-30 |
| Close after release | 416.3 | 2026-11-02 |
| Realised move | +4.3% | close to close |
| 30d ATM IV change | +1.8 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-02 (8-K, Item 2.02). Read the original filing on sec.gov.