Compared to Estimates, Marriott (MAR) Q2 Earnings: A Look at Key Metrics

Core Insights - Marriott International reported $6.74 billion in revenue for Q2 2025, a year-over-year increase of 4.7% and an EPS of $2.65 compared to $2.50 a year ago, exceeding the Zacks Consensus Estimate of $6.67 billion by 1.17% and delivering an EPS surprise of 0.38% [1] Financial Performance Metrics - Comparable Systemwide International Properties - Worldwide - REVPAR was reported at 136, slightly below the estimated 138 [4] - Comparable Systemwide International Properties - Worldwide - REVPAR Growth Rate was 1.5%, compared to the estimated 1.8% [4] - Franchised Rooms totaled 1,138,838, exceeding the average estimate of 1,127,367 [4] - Managed Rooms in the US & Canada were 213,382, below the average estimate of 217,370 [4] - Gross fee revenues reached $1.4 billion, surpassing the $1.39 billion estimate, reflecting a 4.2% year-over-year change [4] - Net fee revenues were $1.37 billion, slightly above the estimated $1.36 billion, also showing a 4.2% increase year-over-year [4] - Owned, leased, and other revenue was $441 million, exceeding the estimated $411.32 million, marking an 11.7% year-over-year increase [4] - Franchise fees amounted to $860 million, slightly above the estimated $858.35 million, with a 5.1% year-over-year increase [4] - Incentive management fees were reported at $200 million, exceeding the estimate of $190.56 million, reflecting a 2.6% year-over-year change [4] - Cost reimbursements totaled $4.93 billion, surpassing the estimated $4.89 billion, indicating a 4.3% year-over-year increase [4] - Base management fees were $340 million, slightly below the estimated $341.65 million, with a 3% year-over-year increase [4] Stock Performance - Marriott's shares have returned -6.9% over the past month, contrasting with the Zacks S&P 500 composite's +1% change, and the stock currently holds a Zacks Rank 4 (Sell) [3]