Marriott International, Inc. (Nasdaq: MAR) posted reported net income of $763 million and reported diluted EPS of $2.78 for the second quarter of 2025. On an adjusted basis, net income was $728 million and diluted EPS was $2.65; adjusted EBITDA for the quarter totaled $1,415 million. The company said international markets drove RevPAR improvement, with U.S. & Canada RevPAR roughly in line with the prior-year quarter.

Marriott Q2 2025 financial results, RevPAR growth, pipeline expansion

During the quarter Marriott added roughly 17,300 net rooms (net rooms growth of approximately 4.7% year-over-year) and finished the period with a record development pipeline of about 3,900 properties and over 590,000 rooms. Base management and franchise fees rose to $1,200 million while incentive management fees totaled $200 million; owned, leased and other revenue, net of direct expenses, was $113 million. Total debt at quarter end was $15.7 billion with cash and equivalents of $0.7 billion. The company repurchased 2.8 million shares for $0.7 billion in Q2 and, through July 30, has returned roughly $2.1 billion to shareholders via dividends and share repurchases.