Marriott International — Aug 3, 2026 release

Year-End 2025 Net rooms growth Low end of 4.5% to 5% ($ in millions, except EPS) Third Quarter 2026 Full Year 2026 Gross fee revenues $1,474 to $1,483 $6,025 to $6,055 Owned, leased, and other revenue, net of owned, leased, and other expense $30 to $40 $175 to $185 General and administrative expenses $220 to $210 $895 to $875 Adjusted EBITDA 1,2 $1,439 to $1,468 $5,965 to $6,025 Adjusted EPS – diluted 2,3 $2.74 to $2.82 $11.64 to $11.81 Adjusted effective tax rate 2 Approx. 26.7% 26.0% to 26.5% Investment spending 4 $1,250 to $1,350 Capital return to shareholders 5 Over $4,500 1 See the press release schedules for the Adjusted EBITDA calculations. 2 Adjusted EBITDA, Adjusted EPS – diluted, and Adjusted effective tax rate for third quarter and full year 2026 do not include cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related recoveries/charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. Our outlook includes the impact of our sale of a U.S. & Canada hotel and our investment in Lefay, each of which occurred in the 2026 second quarter. Our outlook excludes any other potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. In addition, our full year