Marriott Reports Q4 Revenue of $6.69B, RevPAR Up 1.9%, Issues Strong FY Guidance
Marriott delivered Q4 adjusted EPS of $2.58 and revenue of $6.69 billion, beating consensus sales estimates and driving RevPAR up 1.9% globally. The company unveiled full-year EPS guidance of $11.32–$11.57, a record 610,000-room development pipeline and plans to return over $4.3 billion to shareholders.
1. Q4 Financial Results
Marriott posted Q4 adjusted earnings of $2.58 per share and revenue of $6.69 billion, surpassing sales estimates despite EPS falling slightly short of forecasts. Global RevPAR increased 1.9% year-over-year, led by international demand, while U.S. and Canada RevPAR edged down 0.1%.
2. Development Pipeline and Loyalty Growth
The company closed 2025 with a record development pipeline of about 610,000 rooms, a 6% expansion from the prior year. Marriott Bonvoy loyalty membership climbed to nearly 271 million members, bolstering room growth and fee revenue.
3. 2026 Outlook and Capital Returns
Management projects 2026 adjusted EPS of $11.32–$11.57 and Q1 EPS of $2.50–$2.55, reflecting modest RevPAR gains and EBITDA growth. The firm plans to return over $4.3 billion to shareholders through dividends and share repurchases in 2026.