Marriott International (MAR) Revenue — Quarter Ended Mar 31, 2025
Revenue for the period increased compared to the same period last year but declined sequentially. The year-over-year growth was supported by higher fee revenues and cost reimbursement revenue.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the period increased compared to the same period last year but declined sequentially. The year-over-year growth was supported by higher fee revenues and cost reimbursement revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $6.4B | +6.0% |
| Sep 30, 2024 | $6.3B | +5.5% |
| Dec 31, 2024 | $6.4B | +5.5% |
| Mar 31, 2025 | $6.3B | +4.8% |
Revenue performance
The revenue increase from a year earlier reflected higher base management fees and franchise fees, partially offset by lower incentive management fees. Cost reimbursement revenue also contributed to the growth.
Quarterly comparison
Revenue was higher than a year ago but lower than the preceding quarter. The sequential decline followed a trend of prior quarterly increases.
What to watch
The income tax provision decreased significantly from a year earlier, which boosted net income growth relative to revenue.