MARMarriott International, Inc.

$87B

Q2 2023 Earnings

Consumer Cyclical Travel Lodging

Income Statement

Revenue

$6.1B+13.8% YoY

Gross Profit

$1.4B23.4% margin

Operating Income

$1.1B18.0% margin

Net Income

$726M12.0% margin

EPS (Diluted)

$2.38

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

$651M

Free Cash Flow

$552M

Stock-Based Comp.

$56M

Balance Sheet

Total Assets

$25.1B

Total Liabilities

$25.3B

Stockholders' Equity

-$224M

Cash & Equivalents

$563M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.1B	$5.3B	+13.8%
Gross Profit	$1.4B	$1.2B	+15.6%
Operating Income	$1.1B	$950M	+15.4%
Net Income	$726M	$678M	+7.1%

Revenue Segments

Reimbursements

$4.5B61%

Fee Service

$1.3B17%

Franchise

$739M10%

Management Service, Base

$511M7%

Owned, Leased and Other

$390M5%

MAR Q2 2023 Earnings — Marriott International, Inc. Revenue & Financial Results | Market Cap Arena