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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 6.44B | 7.7% |
| Gross Profit | 6.19B | 8.3% |
| Cost of Revenue | 248M | 5% |
| Operating expense | 248M | 5% |
| Net Income | 772M | 36.9% |
| EBITDA | 1.25B | 34.6% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 25.7B | 0.1% |
| Total Liabilities | 27.8B | 1.7% |
| Shares Outstanding | 286M | 1.6% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 772M | 0.9% |
| Cash from investing | -130M | 36.8% |
| Cash from financing | -720M | 19.6% |
EPS
Financial Highlights for Marriott International in Q2 '24
Marriott International reported a revenue of 6.44B, which is a 7.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.19B, marking a 8.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 248M, a -5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 248M, showing a -5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 772M, showing a 36.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.25B, showing a 34.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Marriott International with growth in revenue, gross profit, and net income.
