Marriott International — Feb 10, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001048286-26-000005
Showing in the filing
Net rooms growth
“4.5 to 5 percent”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 19
Net rooms growth for FY2026
“4.5 to 5 percent”
Capital returns to shareholders for FY2026
“more than $4.3 billion”
Co-branded credit card fees recognized in fr… for FY2026
“around a 35 percent increase”
Comparable systemwide constant $ RevPAR grow… for Q1 FY2026
“1.0% to 2.0%”
Comparable systemwide constant $ RevPAR grow… for FY2026
“1.5% to 2.5%”
Gross fee revenues for Q1 FY2026
“$1,365 to $1,380”
Gross fee revenues for FY2026
“$5,895 to $5,955”
Owned, leased, and other revenue, net of own… for Q1 FY2026
“Approx. $15”
Owned, leased, and other revenue, net of own… for FY2026
“$230 to $240”
General and administrative expenses for Q1 FY2026
“$215 to $210”
General and administrative expenses for FY2026
“$895 to $875”
Adjusted EBITDA for Q1 FY2026
“$1,305 to $1,325”
Adjusted EBITDA for FY2026
“$5,840 to $5,930”
Adjusted EPS – diluted for Q1 FY2026
“$2.50 to $2.55”
Adjusted EPS – diluted for FY2026
“$11.32 to $11.57”
Adjusted effective tax rate for Q1 FY2026
“Approx. 24.5%”
Adjusted effective tax rate for FY2026
“26.0% to 26.5%”
Investment spending for FY2026
“$1,000 to $1,100”
Capital return to shareholders for FY2026
“Over $4,300”
Exhibit 99.1 · the passage around this item
… earlier in the release
For the full year, adjusted EBITDA totaled $5,383 million • With gross rooms additions of nearly 100,000 rooms globally during 2025, net rooms grew over 4.3 percent from year-end 2024 • At the end of the year, Marriott’s worldwide development pipeline reached a new record and totaled approximately 4,100 properties and nearly 610,000 rooms, with 43 percent of pipeline rooms under construction including rooms that are pending conversion • The company returned over $4.0 billion to shareholders through dividends and share repurchases in 2025 • For full year 2026, we expect worldwide RevPAR to rise 1.5 to 2.5 percent, net rooms growth of 4.5 to 5 percent, adjusted EBITDA 2 growth of 8 to 10 percent and more than $4.3 billion of capital returns to shareholders Fo r a summary of fourth quarter and full year 2025 highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/2025-q4-earnings-infographic.pdf 1 All occupancy, Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) statistics and estimates are systemwide constant dollar. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Occupancy, ADR and RevPAR comparisons between 2025 and 2024 reflect properties that are comparable in both years. 2 Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for full year 2026 does not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, income tax special items, or any potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. See the press release schedules for the adjusted EBIT
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.