Marriott Q2 Earnings Beat, Raises 2026 RevPAR Outlook on Strong U.S. Demand

summarizeSummary

Marriott reported Q2 2026 adjusted EPS of $3.19, raised full-year RevPAR growth guidance to 3.0-3.5%, and announced new co-branded credit card agreements with JPMorgan Chase and American Express.

check_boxKey Events · Earnings and Guidance · MAR

• Q2 Earnings Beat

  Adjusted diluted EPS of $3.19 exceeded expectations; net income was $766 million, and Adjusted EBITDA reached $1,592 million, up 13% year-over-year.

• RevPAR Growth & Guidance Raise

  Global RevPAR increased 3.4% in Q2, with U.S. & Canada up 5.0%. Full-year 2026 RevPAR growth guidance raised to 3.0-3.5% from prior 2-3%.

• New Co-Branded Credit Card Deals

  Executed new long-term agreements with JPMorgan Chase and American Express for the U.S. co-branded credit card program, expected to incrementally boost fee revenue.

• Aggressive Share Repurchases

  Repurchased 3.0 million shares for $1.1 billion in Q2; year-to-date through July 29, returned $2.6 billion to shareholders via buybacks and dividends.

auto_awesomeAnalysis · MAR · Real Estate & Construction

Marriott delivered a strong second quarter, with adjusted EPS of $3.19 beating expectations and global RevPAR up 3.4%. U.S. & Canada RevPAR surged 5%, offsetting a slight international decline driven by Middle East conflict headwinds. Management raised full-year RevPAR growth guidance to 3.0-3.5%, signaling confidence in sustained travel demand. The company also announced new long-term co-branded credit card deals with JPMorgan Chase and American Express, which should further boost fee revenue. Shareholders benefit from aggressive capital returns: $1.1 billion in buybacks during the quarter alone, with $2.6 billion returned year-to-date. The results reinforce Marriott's asset-light model strength and its ability to generate significant cash flow even amid geopolitical uncertainty.