Marriott International, Inc. (MAR) earnings on August 3, 2026

Before the market opens Q2 2026

More Marriott International, Inc. earnings

Prior outlook: Optimistic Outcome: Missed

Marriott shares fell sharply despite the company raising its outlook, as broader market worries weighed on the stock.

MAR price around the earnings

346.83

Change: -7.0%

2026-08-03, 20:00 UTC

Start of the measured window End of the measured window
344.32 357.04 369.76 382.48 372.83
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 3, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published
Results released

Optimistic outlook, strong recent performance and earnings history

The stock has been performing better than the market recently, and the company has a strong record of beating earnings forecasts. Analysts expect modest growth, but there are concerns about too much supply in the industry.

Context analyzed before publication

Summary
Optimistic outlook, strong recent performance and earnings history
Playbook
The stock has been rising, though with some ups and downs, and has recently cooled off a bit. Analysts see limited upside, and there are worries about oversupply in the sector.
Trend
Expert confidence has been stable, with a slight dip recently

Analysts

Drivers

  • Analysts Neutral

    Analysts rate the stock as 'buy' with an average target of $385, only 3.2% above the current price, but JP Morgan is neutral and there are oversupply concerns.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.23
Analysts covering the stock
24
Average price target
384.83
Lowest price target
272
Highest price target
449
Upside to price target
3.2%
Quarterly earnings growth
-2.6%
Revenue growth
12.6%
Forward EPS
13.11
Trailing EPS
9.54
Analyst moves in the last 60 days
8
  • Strong buy: 1
  • Buy: 11
  • Hold: 12
  • Sell: 1
  • Strong sell: 1
Strong buy
1
Buy
11
Hold
12
Sell
1
Strong sell
1
  • July 21, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 21, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 21, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 17, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • July 17, 2026 · Stifel: Maintains rating (Hold → Hold)
  • July 16, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 14, 2026 · Macquarie: Maintains rating (Neutral → Neutral)
  • June 15, 2026 · UBS: Maintains rating (Neutral → Neutral)

News and sentiment

Drivers

  • News & sentiment Negative

    Benzinga notes oversupply concerns in the sector, and news sentiment is mixed.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (8)

Technicals

Drivers

  • Technical Positive

    The stock is outperforming the market by 6.38% relative to the QQQ, and its 14-day trend strength is +1.81%.

Evidence

Price when the context was analyzed
372.88
Average true range (ATR)
2.1%
Distance to 52-week high
-7.4%
14-day change (14d)
+1.8%
30-day change (30d)
+1.2%
30-day relative strength
+6.4%
QQQ change (30d)
-5.2%
Nearest support
370.95
Distance to nearest support
0.5%
Nearest resistance
373.19
Distance to nearest resistance
0.1%
Volume accumulation ratio (14d / 46d)
0.87
  • Major: 370.95 (0.5% away, 0.25 ATR, 34 touches)
  • Major: 367.14 (1.5% away, 0.74 ATR, 20 touches)
  • Mid: 363.51 (2.5% away, 1.2 ATR, 19 touches)
  • Mid: 373.19 (0.1% away, 0.04 ATR, 19 touches)
  • Mid: 376.22 (0.9% away, 0.43 ATR, 20 touches)
  • Mid: 379.95 (1.9% away, 0.91 ATR, 12 touches)

Trends

Evidence

Average earnings surprise
+2.4%
  • May 6, 2026: actual EPS 2.72 vs estimate 2.55 (surprise +6.5%)
  • February 10, 2026: actual EPS 2.58 vs estimate 2.62 (surprise -1.5%)
  • November 4, 2025: actual EPS 2.47 vs estimate 2.39 (surprise +3.5%)
  • August 5, 2025: actual EPS 2.65 vs estimate 2.62 (surprise +1.1%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings forecasts 75% of the time, with an average surprise of +2.4%, confirming its historical strength.

Implied move
+4.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.9%
75th percentile move
4.8%
90th percentile move
5.6%
Up / down moves
11 / 9
Average up move
+3.5%
Average down move
-2.9%

Monitoring and close

What Marriott International, Inc. reported

Status
Finished
Actual EPS3.19
EPS estimate3.09
EPS surprise+3.2%
Revenue$7,071 million
Revenue estimate$7,201 million
Revenue surprise-1.8%

Marriott remains pessimistic due to 43% Middle East revenue decline, despite improved annual guidance and resilient U.S. demand.

Sources (26)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating -3.5% pre-market, a move in line with the stock's usual reaction (about 3%). The figures overturn the prior optimistic scenario. Across our market history, in the 708 similar cases the close held that direction 88% of the time.

How the stock reacted

Outcome
Missed
Consolidated
-7.0%
Max favorable move (MFE)
1.5%
Max adverse move (MAE)
7.7%