MAR · 10-Q · 2026Q3 · Full report

Interest Expense Trends

MARRIOTT INTERNATIONAL INC /MD/ · 2026-11-02 · Importance 30 · Surprise 40

Interest expense increased $21 million, or 10%, to $227 million in the third quarter ended September 30, 2026, compared with the prior-year quarter. For the first nine months of 2026, interest expense rose $61 million, or 10%, to $662 million. The increases primarily reflected higher debt balances from Senior Notes issuances, net of maturities, adding $25 million in the quarter and $81 million year to date; lower commercial paper borrowings and interest rates offset $24 million of the year-to-date increase.

Key facts

• Marriott's interest expense increased by $25 million in the 2026 third quarter and $81 million in the 2026 first three quarters, primarily due to higher debt balances from Senior Notes issuances, net of maturities. source
• In the 2026 first three quarters, lower commercial paper borrowings and interest rates partially offset Marriott's interest expense increase by $24 million. source