Marriott International annual net debt
2008
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2021
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2024
2025
Marriott International Net Debt Growth & History (MAR)
Marriott International's net debt was $16.82B for fiscal 2025.
View full Marriott International company overviewMarriott International annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $16.82B | $1.88B | +12.54% |
| 2024 | 2024-12-31 | $14.95B | $2.42B | +19.33% |
| 2023 | 2023-12-31 | $12.53B | $1.83B | +17.11% |
| 2022 | 2022-12-31 | $10.70B | $704.0M | +7.04% |
| 2021 | 2021-12-31 | $9.99B | −$476.0M | −4.55% |
| 2020 | 2020-12-31 | $10.47B | −$1.26B | −10.73% |
| 2019 | 2019-12-31 | $11.73B | $2.70B | +29.85% |
| 2018 | 2018-12-31 | $9.03B | $1.18B | +14.97% |
| 2017 | 2017-12-31 | $7.86B | $207.0M | +2.71% |
| 2016 | 2016-12-31 | $7.65B | $3.64B | +90.68% |
| 2015 | 2015-12-31 | $4.01B | $344.0M | +9.38% |
| 2014 | 2014-12-31 | $3.67B | $594.0M | +19.33% |
| 2013 | 2013-12-31 | $3.07B | $226.0M | +7.94% |
| 2012 | 2012-12-28 | $2.85B | $778.0M | +37.60% |
| 2011 | 2011-12-30 | $2.07B | −$255.0M | −10.97% |
| 2010 | 2010-12-31 | $2.32B | $141.0M | +6.46% |
| 2009 | 2010-01-01 | $2.18B | −$778.0M | −26.27% |
| 2008 | 2009-01-02 | $2.96B | — | — |
Marriott International quarterly net debt
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Q2.09
Q3.09
Q4.09
Q1.10
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $17.31B | $1.45B | +9.12% |
| Q1 2026 | 2026-03-31 | $16.95B | $1.62B | +10.59% |
| Q4 2025 | 2025-12-31 | $16.82B | $1.88B | +12.54% |
| Q3 2025 | 2025-09-30 | $16.21B | $2.14B | +15.21% |
| Q2 2025 | 2025-06-30 | $15.87B | $2.25B | +16.49% |
| Q1 2025 | 2025-03-31 | $15.33B | $2.25B | +17.19% |
| Q4 2024 | 2024-12-31 | $14.95B | $2.42B | +19.33% |
| Q3 2024 | 2024-09-30 | $14.07B | $2.05B | +17.07% |
| Q2 2024 | 2024-06-30 | $13.62B | $1.89B | +16.07% |
| Q1 2024 | 2024-03-31 | $13.08B | $1.95B | +17.55% |
| Q4 2023 | 2023-12-31 | $12.53B | $1.83B | +17.11% |
| Q3 2023 | 2023-09-30 | $12.02B | $2.64B | +28.11% |
| Q2 2023 | 2023-06-30 | $11.73B | $2.44B | +26.30% |
| Q1 2023 | 2023-03-31 | $11.13B | $1.63B | +17.21% |
| Q4 2022 | 2022-12-31 | $10.70B | $704.0M | +7.04% |
| Q3 2022 | 2022-09-30 | $9.38B | −$533.0M | −5.38% |
| Q2 2022 | 2022-06-30 | $9.29B | −$1.13B | −10.82% |
| Q1 2022 | 2022-03-31 | $9.49B | −$40.0M | −0.42% |
| Q4 2021 | 2021-12-31 | $9.99B | −$476.0M | −4.55% |
| Q3 2021 | 2021-09-30 | $9.91B | −$469.0M | −4.52% |
| Q2 2021 | 2021-06-30 | $10.42B | −$69.0M | −0.66% |
| Q1 2021 | 2021-03-31 | $9.53B | −$1.92B | −16.79% |
| Q4 2020 | 2020-12-31 | $10.47B | −$1.26B | −10.73% |
| Q3 2020 | 2020-09-30 | $10.38B | −$1.12B | −9.74% |
| Q2 2020 | 2020-06-30 | $10.49B | −$664.0M | −5.96% |
| Q1 2020 | 2020-03-31 | $11.46B | $438.0M | +3.98% |
| Q4 2019 | 2019-12-31 | $11.73B | $2.70B | +29.85% |
| Q3 2019 | 2019-09-30 | $11.50B | $2.55B | +28.46% |
| Q2 2019 | 2019-06-30 | $11.15B | $2.52B | +29.28% |
| Q1 2019 | 2019-03-31 | $11.02B | $2.87B | +35.27% |
| Q4 2018 | 2018-12-31 | $9.03B | $1.18B | +14.97% |
| Q3 2018 | 2018-09-30 | $8.95B | $793.0M | +9.72% |
| Q2 2018 | 2018-06-30 | $8.63B | $810.0M | +10.36% |
| Q1 2018 | 2018-03-31 | $8.14B | $413.0M | +5.34% |
| Q4 2017 | 2017-12-31 | $7.86B | $207.0M | +2.71% |
| Q3 2017 | 2017-09-30 | $8.16B | $417.0M | +5.38% |
| Q2 2017 | 2017-06-30 | $7.82B | $4.13B | +112.31% |
| Q1 2017 | 2017-03-31 | $7.73B | $3.67B | +90.44% |
| Q4 2016 | 2016-12-31 | $7.65B | $3.64B | +90.68% |
| Q3 2016 | 2016-09-30 | $7.74B | $3.54B | +83.99% |
| Q2 2016 | 2016-06-30 | $3.68B | −$96.0M | −2.54% |
| Q1 2016 | 2016-03-31 | $4.06B | $152.0M | +3.89% |
| Q4 2015 | 2015-12-31 | $4.01B | $344.0M | +9.38% |
| Q3 2015 | 2015-09-30 | $4.21B | $831.0M | +24.60% |
| Q2 2015 | 2015-06-30 | $3.78B | $565.0M | +17.59% |
| Q1 2015 | 2015-03-31 | $3.91B | $790.0M | +25.34% |
| Q4 2014 | 2014-12-31 | $3.67B | $594.0M | +19.33% |
| Q3 2014 | 2014-09-30 | $3.38B | $366.0M | +12.15% |
| Q2 2014 | 2014-06-30 | $3.21B | $233.0M | +7.82% |
| Q1 2014 | 2014-03-31 | $3.12B | $84.0M | +2.77% |
| Q4 2013 | 2013-12-31 | $3.07B | $226.0M | +7.94% |
| Q3 2013 | 2013-09-30 | $3.01B | — | — |
| Q2 2013 | 2013-06-30 | $2.98B | $524.0M | +21.34% |
| Q1 2013 | 2013-03-31 | $3.03B | $797.0M | +35.63% |
| Q4 2012 | 2012-12-28 | $2.85B | $778.0M | +37.60% |
| Q3 2012 | 2012-09-07 | $2.40B | −$479.0M | −16.61% |
| Q2 2012 | 2012-06-15 | $2.46B | −$247.0M | −9.14% |
| Q1 2012 | 2012-03-23 | $2.24B | −$476.0M | −17.55% |
| Q4 2011 | 2011-12-30 | $2.07B | −$255.0M | −10.97% |
| Q3 2011 | 2011-09-09 | $2.88B | $380.0M | +15.18% |
| Q2 2011 | 2011-06-17 | $2.70B | −$109.0M | −3.88% |
| Q1 2011 | 2011-03-25 | $2.71B | −$438.0M | −13.90% |
| Q4 2010 | 2010-12-31 | $2.32B | $141.0M | +6.46% |
| Q3 2010 | 2010-09-10 | $2.50B | −$27.0M | −1.07% |
| Q2 2010 | 2010-06-18 | $2.81B | $87.0M | +3.19% |
| Q1 2010 | 2010-03-26 | $3.15B | — | — |
| Q4 2009 | 2010-01-01 | $2.18B | −$778.0M | −26.27% |
| Q3 2009 | 2009-09-11 | $2.53B | — | — |
| Q2 2009 | 2009-06-19 | $2.72B | — | — |
| Q4 2008 | 2009-01-02 | $2.96B | — | — |
Marriott International net debt trends
Over the last five fiscal years, Marriott International's net debt increased from $10.47B to $16.82B, a change of $6.36B. The latest reported quarter, Q2 2026, shows $17.31B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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