Marriott International, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.19B | $25.10B | $23.71B | $20.77B | $13.86B | $10.57B | $20.97B | $20.76B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $870.0M | $945.0M | $867.0M | $891.0M | $823.0M | $762.0M | $938.0M | $927.0M |
| Operating Income | $4.14B | $3.77B | $3.86B | $3.46B | $1.75B | $84.0M | $1.80B | $2.37B |
| Operating Margin | 15.8% | 15.0% | 16.3% | 16.7% | 12.6% | 0.8% | 8.6% | 11.4% |
| Interest Expense | — | — | $565.0M | $403.0M | $420.0M | $445.0M | $394.0M | $340.0M |
| Pretax Income | $3.39B | $3.15B | $3.38B | $3.11B | $1.18B | $-466.0M | $1.60B | $2.35B |
| Income Tax Expense | $793.0M | $776.0M | $295.0M | $756.0M | $81.0M | $-199.0M | $326.0M | $438.0M |
| Net Income | $2.60B | $2.38B | $3.08B | $2.36B | $1.10B | $-267.0M | $1.27B | $1.91B |
| Net Margin | 9.9% | 9.5% | 13.0% | 11.4% | 7.9% | -2.5% | 6.1% | 9.2% |
| EPS (Basic) | $9.53 | $8.36 | $10.23 | $7.27 | $3.36 | $-0.82 | $3.83 | $5.45 |
| EPS (Diluted) | $9.51 | $8.33 | $10.18 | $7.24 | $3.34 | $-0.82 | $3.80 | $5.38 |
| Shares Outstanding (Basic) | 272.9M | 284.2M | 301.5M | 324.4M | 327.2M | 325.8M | 332.7M | 350.1M |
| Shares Outstanding (Diluted) | 273.6M | 285.2M | 302.9M | 325.8M | 329.3M | 325.8M | 335.5M | 354.2M |
| Dividends Per Share | $2.64 | $2.41 | $1.96 | $1.00 | — | $0.48 | $1.85 | $1.56 |