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Marriott International cash flow statement

In fiscal 2025, Marriott International's operations generated $3.21bn of cash; it spent $604m on capital projects, leaving free cash flow of $2.61bn. It returned $718m in dividends and $3.30bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Jan 20102010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations8681,1511,0899891,1401,2241,5151,6192,2272,3571,6851,6391,1772,3633,1702,7493,2124,068
Depreciation and amortisation185178144102127135132157231256346322138114122128145—
Stock-based pay859010394116109113212181184187201182192205237236230
Capital spending147307183437296411305199240556653135183332452750604583
Free cash flow7218449065528448131,2101,4201,9871,8011,0321,5049942,0312,7181,9992,6083,485
Free cash flow after stock pay6367548034587287041,0971,2081,8061,6178451,3038121,8392,5131,7622,3723,255
Dividends paid63431341911962232533744825436121560321587682718738
Share buybacks0571,4251,1458341,5101,9175683,0132,8502,26015002,5663,9533,7623,3004,081
Shares issued271981241791991784034647020297392108

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Marriott International's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marriott International.