68/100B416.47
USD
-0.80
(-0.19%)
Post Trading·416.15USD-0.32(-0.08%)
Fair value295.29Plus+41%195Price 416.47425
Q4 FY2026 · Earnings report
EPS estimate 3.15Revenue estimate 7.18B
Q4 FY2026 · Earnings report
EPS estimate 3.15Revenue estimate 7.18B
Marriott International free cash flow 1997–2026What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
Marriott International's free cash flow in fiscal year 2025 was 2.61B USD, up 30.5% on the year before.
Last updated 8 Nov 2026 · Next report 9 Feb 2027
Free cash flow
Free cash flow · +8.0% a year over 10 yearsFree cash flow margin
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | — | — | — | 4.07B | — | — |
| FY2025 | 31 Dec 2025 | 2.61B | +30.47% | 9.96% | 3.21B | -604.00M | 9.68 |
| FY2024 | 31 Dec 2024 | 2.00B | -26.45% | 7.96% | 2.75B | -750.00M | 7.01 |
| FY2023 | 31 Dec 2023 | 2.72B | +33.83% | 11.46% | 3.17B | -452.00M | 8.97 |
| FY2022 | 31 Dec 2022 | 2.03B | +104.33% | 9.78% | 2.36B | -332.00M | 6.23 |
| FY2021 | 31 Dec 2021 | 994.00M | -33.91% | 7.17% | 1.18B | -183.00M | 3.02 |
| FY2020 | 31 Dec 2020 | 1.50B | +45.74% | 14.23% | 1.64B | -135.00M | 4.62 |
| FY2019 | 31 Dec 2019 | 1.03B | -42.70% | 4.92% | 1.69B | -653.00M | 3.08 |
| FY2018 | 31 Dec 2018 | 1.80B | -9.36% | 8.68% | 2.36B | -556.00M | 5.08 |
| FY2017 | 31 Dec 2017 | 1.99B | +39.93% | 9.72% | 2.23B | -240.00M | 5.23 |
| FY2016 | 31 Dec 2016 | 1.42B | +17.36% | 9.22% | 1.62B | -199.00M | 4.88 |
| FY2015 | 31 Dec 2015 | 1.21B | +48.83% | 8.35% | 1.52B | -305.00M | 4.44 |
| FY2014 | 31 Dec 2014 | 813.00M | -3.67% | 5.89% | 1.22B | -411.00M | 2.74 |
| FY2013 | 31 Dec 2013 | 844.00M | +52.90% | 6.60% | 1.14B | -296.00M | 2.70 |
| FY2012 | 31 Dec 2012 | 552.00M | -39.07% | 4.67% | 989.00M | -437.00M | 1.66 |
| FY2011 | 31 Dec 2011 | 906.00M | +14.97% | 7.36% | 1.09B | -183.00M | 2.50 |
| FY2010 | 31 Dec 2010 | 788.00M | +15.54% | 6.74% | 1.15B | -363.00M | 2.08 |
| FY2009 | 31 Dec 2009 | 682.00M | +351.66% | 6.25% | 868.00M | -186.00M | 1.91 |
| FY2008 | 31 Dec 2008 | 151.00M | +41.12% | 1.17% | 641.00M | -490.00M | 0.41 |
| FY2007 | 31 Dec 2007 | 107.00M | -75.74% | 0.82% | 778.00M | -671.00M | 0.27 |
| FY2006 | 31 Dec 2006 | 441.00M | +635.00% | 3.68% | 970.00M | -529.00M | 1.01 |
| FY2005 | 31 Dec 2005 | 60.00M | -91.55% | 0.54% | 840.00M | -780.00M | 0.13 |
| FY2004 | 31 Dec 2004 | 710.00M | +267.88% | 7.03% | 891.00M | -181.00M | 1.46 |
| FY2003 | 31 Dec 2003 | 193.00M | -13.84% | 2.14% | 403.00M | -210.00M | 0.39 |
| FY2002 | 31 Dec 2002 | 224.00M | — | 2.66% | 516.00M | -292.00M | 0.44 |
| FY2001 | 31 Dec 2001 | -157.00M | — | -2.02% | 403.00M | -560.00M | -0.30 |
| FY2000 | 31 Dec 2000 | -239.00M | — | -3.02% | 856.00M | -1.10B | -0.46 |
| FY1999 | 31 Dec 1999 | -279.00M | — | -3.19% | 711.00M | -990.00M | -0.52 |
| FY1998 | 31 Dec 1998 | -380.00M | -38,100.00% | -4.77% | 605.00M | -985.00M | -0.70 |
| FY1997 | 31 Dec 1997 | 1.00M | — | 0.01% | 521.00M | -520.00M | 0.00 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | — | — | — | 1.43B | — | — |
| Q2 FY2026 | 30 Jun 2026 | 796.00M | +63.11% | 11.26% | 948.00M | -152.00M | 2.95 |
| Q1 FY2026 | 31 Mar 2026 | 728.00M | +42.19% | 10.94% | 858.00M | -130.00M | 2.70 |
| Q4 FY2025 | 31 Dec 2025 | 657.00M | — | 9.82% | 829.00M | -172.00M | 2.44 |
| Q3 FY2025 | 30 Sept 2025 | 951.00M | +34.70% | 14.66% | 1.09B | -142.00M | 3.49 |
| Q2 FY2025 | 30 Jun 2025 | 488.00M | -24.57% | 7.24% | 643.00M | -155.00M | 1.78 |
| Q1 FY2025 | 31 Mar 2025 | 512.00M | -23.58% | 8.17% | 647.00M | -135.00M | 1.84 |
| Q4 FY2024 | 31 Dec 2024 | -24.00M | -103.89% | -0.37% | 318.00M | -342.00M | -0.09 |
| Q3 FY2024 | 30 Sept 2024 | 706.00M | -6.74% | 11.29% | 880.00M | -174.00M | 2.51 |
| Q2 FY2024 | 30 Jun 2024 | 647.00M | +17.21% | 10.05% | 772.00M | -125.00M | 2.26 |
| Q1 FY2024 | 31 Mar 2024 | 670.00M | -15.40% | 11.21% | 779.00M | -109.00M | 2.30 |
| Q4 FY2023 | 31 Dec 2023 | 617.00M | +104.98% | 10.12% | 751.00M | -134.00M | 2.09 |
| Q3 FY2023 | 30 Sept 2023 | 757.00M | -5.49% | 12.77% | 881.00M | -124.00M | 2.52 |
| Q2 FY2023 | 30 Jun 2023 | 552.00M | -4.83% | 9.09% | 651.00M | -99.00M | 1.81 |
| Q1 FY2023 | 31 Mar 2023 | 792.00M | +126.93% | 14.11% | 887.00M | -95.00M | 2.55 |
| Q4 FY2022 | 31 Dec 2022 | 301.00M | -17.08% | 5.08% | 441.00M | -140.00M | 0.95 |
| Q3 FY2022 | 30 Sept 2022 | 801.00M | +39.30% | 15.08% | 874.00M | -73.00M | 2.46 |
| Q2 FY2022 | 30 Jun 2022 | 580.00M | +883.05% | 10.87% | 650.00M | -70.00M | 1.76 |
| Q1 FY2022 | 31 Mar 2022 | 349.00M | — | 8.31% | 398.00M | -49.00M | 1.06 |
| Q4 FY2021 | 31 Dec 2021 | 363.00M | — | 8.16% | 432.00M | -69.00M | 1.10 |
| Q3 FY2021 | 30 Sept 2021 | 575.00M | +475.00% | 14.57% | 619.00M | -44.00M | 1.75 |
| Q2 FY2021 | 30 Jun 2021 | 59.00M | -93.92% | 1.87% | 99.00M | -40.00M | 0.18 |
| Q1 FY2021 | 31 Mar 2021 | -3.00M | -100.66% | -0.13% | 27.00M | -30.00M | -0.01 |
| Q4 FY2020 | 31 Dec 2020 | -22.00M | -128.57% | -1.01% | 16.00M | -38.00M | -0.07 |
| Q3 FY2020 | 30 Sept 2020 | 100.00M | -72.14% | 4.44% | 118.00M | -18.00M | 0.31 |
| Q2 FY2020 | 30 Jun 2020 | 971.00M | +90.02% | 66.33% | 991.00M | -20.00M | 2.98 |
| Q1 FY2020 | 31 Mar 2020 | 455.00M | +435.29% | 9.72% | 514.00M | -59.00M | 1.39 |
| Q4 FY2019 | 31 Dec 2019 | 77.00M | -82.46% | 1.43% | 495.00M | -418.00M | 0.23 |
| Q3 FY2019 | 30 Sept 2019 | 359.00M | -42.19% | 6.79% | 452.00M | -93.00M | 1.08 |
| Q2 FY2019 | 30 Jun 2019 | 511.00M | +293.08% | 9.63% | 587.00M | -76.00M | 1.52 |
| Q1 FY2019 | 31 Mar 2019 | 85.00M | -86.09% | 1.70% | 151.00M | -66.00M | 0.25 |
| Q4 FY2018 | 31 Dec 2018 | 439.00M | +0.92% | 8.19% | 533.00M | -94.00M | 1.27 |
| Q3 FY2018 | 30 Sept 2018 | 621.00M | +20.82% | 12.29% | 695.00M | -74.00M | 1.77 |
| Q2 FY2018 | 30 Jun 2018 | 130.00M | -80.54% | 2.40% | 454.00M | -324.00M | 0.36 |
| Q1 FY2018 | 31 Mar 2018 | 611.00M | +47.58% | 12.20% | 675.00M | -64.00M | 1.68 |
| Q4 FY2017 | 31 Dec 2017 | 435.00M | +13.58% | 7.40% | 520.00M | -85.00M | 1.18 |
| Q3 FY2017 | 30 Sept 2017 | 514.00M | +77.24% | 10.12% | 565.00M | -51.00M | 1.36 |
| Q2 FY2017 | 30 Jun 2017 | 668.00M | +54.63% | 12.82% | 724.00M | -56.00M | 1.74 |
| Q1 FY2017 | 31 Mar 2017 | 414.00M | +17.61% | 8.43% | 462.00M | -48.00M | 1.06 |
| Q4 FY2016 | 31 Dec 2016 | 383.00M | +45.63% | 7.02% | 450.00M | -67.00M | 0.97 |
| Q3 FY2016 | 30 Sept 2016 | 290.00M | +7.81% | 7.36% | 344.00M | -54.00M | 1.07 |
| Q2 FY2016 | 30 Jun 2016 | 432.00M | +6.40% | 11.07% | 468.00M | -36.00M | 1.67 |
| Q1 FY2016 | 31 Mar 2016 | 352.00M | +88.24% | 9.33% | 394.00M | -42.00M | 1.36 |
| Q4 FY2015 | 31 Dec 2015 | 263.00M | +102.31% | 7.10% | 350.00M | -87.00M | 1.00 |
| Q3 FY2015 | 30 Sept 2015 | 269.00M | +58.24% | 7.52% | 328.00M | -59.00M | 1.01 |
| Q2 FY2015 | 30 Jun 2015 | 406.00M | +3.57% | 11.01% | 490.00M | -84.00M | 1.46 |
| Q1 FY2015 | 31 Mar 2015 | 187.00M | +54.55% | 5.32% | 262.00M | -75.00M | 0.66 |
| Q4 FY2014 | 31 Dec 2014 | 130.00M | -17.20% | 3.65% | 274.00M | -144.00M | 0.45 |
| Q3 FY2014 | 30 Sept 2014 | 170.00M | +45.30% | 4.91% | 281.00M | -111.00M | 0.58 |
| Q2 FY2014 | 30 Jun 2014 | 392.00M | -5.31% | 11.25% | 487.00M | -95.00M | 1.31 |
| Q1 FY2014 | 31 Mar 2014 | 121.00M | +152.08% | 3.67% | 182.00M | -61.00M | 0.40 |
| Q4 FY2013 | 31 Dec 2013 | 157.00M | — | 4.88% | 335.00M | -178.00M | 0.51 |
| Q3 FY2013 | 30 Sept 2013 | 117.00M | — | 3.70% | 195.00M | -78.00M | 0.39 |
| Q2 FY2013 | 30 Jun 2013 | 414.00M | +78.45% | 12.69% | 492.00M | -78.00M | 1.35 |
| Q1 FY2013 | 31 Mar 2013 | 48.00M | — | 1.53% | 118.00M | -70.00M | 0.15 |
| Q4 FY2012 | 31 Dec 2012 | -193.00M | -357.33% | -5.14% | 181.00M | -374.00M | -0.60 |
| Q3 FY2012 | 7 Sept 2012 | 332.00M | -9.54% | 12.17% | 391.00M | -59.00M | 1.04 |
| Q2 FY2012 | 15 Jun 2012 | 232.00M | -25.88% | 8.36% | 292.00M | -60.00M | 0.69 |
| Q1 FY2012 | 23 Mar 2012 | -72.00M | -193.51% | -2.82% | 125.00M | -197.00M | -0.21 |
| Q4 FY2011 | 31 Dec 2011 | 75.00M | +240.91% | 2.03% | 204.00M | -129.00M | 0.22 |
| Q3 FY2011 | 9 Sept 2011 | 367.00M | +19.16% | 12.77% | 404.00M | -37.00M | 1.06 |
| Q2 FY2011 | 17 Jun 2011 | 313.00M | -3.10% | 10.53% | 342.00M | -29.00M | 0.85 |
| Q1 FY2011 | 25 Mar 2011 | 77.00M | -42.96% | 2.77% | 139.00M | -62.00M | 0.20 |
| Q4 FY2010 | 31 Dec 2010 | 22.00M | -90.13% | 0.60% | 238.00M | -216.00M | 0.06 |
| Q3 FY2010 | 10 Sept 2010 | 308.00M | +39.37% | 11.63% | 391.00M | -83.00M | 0.81 |
| Q2 FY2010 | 18 Jun 2010 | 323.00M | +190.99% | 11.66% | 362.00M | -39.00M | 0.86 |
| Q1 FY2010 | 26 Mar 2010 | 135.00M | -11.76% | 5.13% | 160.00M | -25.00M | 0.36 |
| Q4 FY2009 | 31 Dec 2009 | 223.00M | — | 6.60% | 271.00M | -48.00M | 0.60 |
| Q3 FY2009 | 11 Sept 2009 | 221.00M | +116.67% | 8.94% | 250.00M | -29.00M | 0.62 |
| Q2 FY2009 | 19 Jun 2009 | 111.00M | -57.31% | 4.33% | 144.00M | -33.00M | 0.30 |
| Q1 FY2009 | 27 Mar 2009 | 153.00M | — | 6.13% | 203.00M | -50.00M | 0.43 |
| Q4 FY2008 | 31 Dec 2008 | -51.00M | -115.50% | -1.35% | 86.00M | -137.00M | -0.14 |
| Q3 FY2008 | 5 Sept 2008 | 102.00M | — | 3.44% | 198.00M | -96.00M | 0.29 |
| Q2 FY2008 | 13 Jun 2008 | 260.00M | -29.35% | 8.16% | 424.00M | -164.00M | 0.72 |
| Q1 FY2008 | 21 Mar 2008 | -151.00M | — | -5.12% | -67.00M | -84.00M | -0.40 |
| Q4 FY2007 | 31 Dec 2007 | 329.00M | +176.47% | 8.58% | 472.00M | -143.00M | 0.86 |
| Q3 FY2007 | 7 Sept 2007 | -279.00M | -379.00% | -9.48% | -60.00M | -219.00M | -0.74 |
| Q2 FY2007 | 15 Jun 2007 | 368.00M | +20.66% | 11.46% | 519.00M | -151.00M | 0.90 |
| Q1 FY2007 | 23 Mar 2007 | -311.00M | — | -10.97% | -153.00M | -158.00M | -0.75 |
| Q4 FY2006 | 31 Dec 2006 | 119.00M | -42.23% | 3.08% | 429.00M | -310.00M | 0.28 |
| Q3 FY2006 | 8 Sept 2006 | 100.00M | — | 3.70% | 166.00M | -66.00M | 0.23 |
| Q2 FY2006 | 16 Jun 2006 | 305.00M | +3.04% | 10.55% | 356.00M | -51.00M | 0.70 |
| Q1 FY2006 | 24 Mar 2006 | -83.00M | — | -3.07% | 19.00M | -102.00M | -0.19 |
| Q4 FY2005 | 31 Dec 2005 | 206.00M | -40.12% | 5.66% | 360.00M | -154.00M | 0.46 |
| Q3 FY2005 | 9 Sept 2005 | -349.00M | -342.36% | -12.86% | 144.00M | -493.00M | -0.74 |
| Q2 FY2005 | 17 Jun 2005 | 296.00M | +9.63% | 11.12% | 394.00M | -98.00M | 0.62 |
| Q1 FY2005 | 25 Mar 2005 | -96.00M | — | -3.79% | -61.00M | -35.00M | -0.20 |
| Q4 FY2004 | 31 Dec 2004 | 344.00M | +14.29% | 10.95% | 410.00M | -66.00M | 0.71 |
| Q3 FY2004 | 10 Sept 2004 | 144.00M | +171.70% | 6.25% | 178.00M | -34.00M | 0.30 |
| Q2 FY2004 | 18 Jun 2004 | 270.00M | +291.30% | 11.24% | 320.00M | -50.00M | 0.56 |
| Q1 FY2004 | 26 Mar 2004 | -48.00M | — | -2.13% | -17.00M | -31.00M | -0.10 |
| Q4 FY2003 | 31 Dec 2003 | 301.00M | — | 10.52% | 367.00M | -66.00M | 0.61 |
| Q3 FY2003 | 12 Sept 2003 | 53.00M | -57.94% | 2.51% | 81.00M | -28.00M | 0.11 |
| Q2 FY2003 | 20 Jun 2003 | 69.00M | -52.08% | 3.42% | 122.00M | -53.00M | 0.14 |
| Q1 FY2003 | 28 Mar 2003 | -165.00M | — | -8.16% | -102.00M | -63.00M | -0.33 |
| Q4 FY2002 | 31 Dec 2002 | -17.00M | — | -1.64% | 53.00M | -70.00M | -0.03 |
| Q3 FY2002 | 6 Sept 2002 | 126.00M | -18.71% | 6.55% | 176.00M | -50.00M | 0.25 |
| Q2 FY2002 | 14 Jun 2002 | 144.00M | +350.00% | 7.08% | 229.00M | -85.00M | 0.27 |
| Q1 FY2002 | 22 Mar 2002 | -32.00M | — | -1.77% | 55.00M | -87.00M | -0.06 |
| Q4 FY2001 | 31 Dec 2001 | -248.00M | — | -8.65% | -48.00M | -200.00M | -0.51 |
| Q3 FY2001 | 7 Sept 2001 | 155.00M | -6.63% | 6.53% | 264.00M | -109.00M | 0.30 |
| Q2 FY2001 | 15 Jun 2001 | 32.00M | -30.43% | 1.31% | 158.00M | -126.00M | 0.06 |
| Q1 FY2001 | 23 Mar 2001 | -99.00M | — | -4.02% | 26.00M | -125.00M | -0.19 |
| Q4 FY2000 | 31 Dec 2000 | -231.00M | — | -7.32% | 237.00M | -468.00M | -0.45 |
| Q3 FY2000 | 8 Sept 2000 | 166.00M | — | 7.21% | 338.00M | -172.00M | 0.32 |
| Q2 FY2000 | 16 Jun 2000 | 46.00M | +12.20% | 1.92% | 254.00M | -208.00M | 0.09 |
| Q1 FY2000 | 24 Mar 2000 | -226.00M | — | -10.43% | 21.00M | -247.00M | -0.44 |
| Q4 FY1999 | 31 Dec 1999 | -132.00M | — | -4.70% | 129.00M | -261.00M | -0.26 |
| Q3 FY1999 | 10 Sept 1999 | -67.00M | -242.55% | -3.36% | 213.00M | -280.00M | -0.12 |
| Q2 FY1999 | 18 Jun 1999 | 41.00M | — | 2.01% | 234.00M | -193.00M | 0.07 |
| Q1 FY1999 | 26 Mar 1999 | -121.00M | — | -6.39% | 135.00M | -256.00M | -0.23 |
| Q4 FY1998 | 31 Dec 1998 | -274.00M | — | -28.13% | 97.00M | -371.00M | -0.52 |
| Q3 FY1998 | 11 Sept 1998 | 47.00M | — | 2.61% | 244.00M | -197.00M | 0.09 |
| Q2 FY1998 | 19 Jun 1998 | -114.00M | — | -5.92% | 140.00M | -254.00M | -0.21 |
| Q1 FY1998 | 27 Mar 1998 | -39.00M | — | -2.27% | 124.00M | -163.00M | -0.07 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about Marriott International's free cash flow
Source: Financial Modeling Prep