What move does the options market price into Marriott International's report?

Implied ±2.8%, either direction.

How often does Marriott International move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

MARNasdaqHotels & Motels

Marriott International Inc (MAR) earnings date, market-implied expected move, and options open interest by expiry

399.59

−0.06 · −0.02%

post 398.50 −0.27%

Closed19:46 ET

Open401.48Volume2.0MMkt cap$104.1BP/E41.12EPS9.69Div yield0.70%

Day397.07 – 404.0021%52-wk254.64 – 410.1593%

MAR

Marriott International Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±2.8%implied · report alone

8Q avg ±3.6%·×0.77·cheap

388.10410.50

straddle ±3.9%

spot 399.30exp Nov 6ATM strike 400ATM straddle 18.50IV 42%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 2

before open · in 2 days

confirmedQ3 FY26

Calendar

Next report

Last report

−6.97%

vs ±4.2% implied · ×1.67

shaded = implied · ▲▼ = realized

Aug 3 '26 · confirmed

Implied vs realized

Linked news

1dAXP · supplierAmerican Express issues $1,500,000,000 5.447% and $1,150,000,000 5.817% notes; $350,000,000 floating
2dINN · customerSummit Hotel Properties names Michael Nieves CFO, promotes Adam Wudel to COO
4dJPM · customerJPMorganChase Updates 2027 Earnings Release Date Information

News

Largest filed tie

13F top-10 QoQ

+1.50%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,762 managers

Top fund weight

2.02%

MAR weight · XLY

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Marriott International (MAR) reports on Nov 2 before open (confirmed date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±3.9%
avg realized: ±3.6%

Nov 4 '24Nov 4 '24confirmed±3.9%▼−1.59%×0.41

Feb 11 '25Feb 11 '25confirmed±3.1%▼−5.40%×1.74

May 6 '25May 6 '25confirmed±4.1%▲+1.90%×0.46

Aug 5 '25Aug 5 '25confirmed±3.2%▲+0.23%×0.07

Q3 FY25Nov 4 '25confirmed±4.3%▲+3.16%×0.74

Feb 10 '26Feb 10 '26confirmed±4.4%▲+8.50%×1.95

Q1 FY26May 6 '26confirmed±3.9%▲+1.28%×0.33

Q2 FY26Aug 3 '26confirmed±4.2%▼−6.97%×1.67

quarterimplied−10%0+10%realized×

Q2 FY26±4.2%▼−6.97%×1.67

Q1 FY26±3.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.64OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

507+33%Nov 66d790+3%

57+10%Nov 1313d0.23243−2%0.23

3,7960%Nov 2020d1.123,376+1%1.12

83—Nov 2727d1.0877—1.08

10%Dec 434d0.0519+6%0.05

5 later expiries

0—Dec 1141d0.002—0.00

3,568+2%Dec 1848d0.64

ExpiryPutsCallsP/C

Nov 66d507+33%790+3%0.64

Nov 1313d57+10%243−2%0.23

Nov 2020d3,7960%3,376+1%1.12

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±3.9%

Funds 4

XLY±0.1%

FTC±0.0%

QQQ±0.0%

VUG±0.0%

Customers 4

VAC±4.2%×1.05

FUN±3.0%×0.77

XHR±2.9%

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

10.83%as filednet margin · revenue +6.27% QoQ · +4.85% YoY

Revenue

$7.1B+6.27% QoQ

Gross profit

$1.6B+15.88% QoQ

21.98% margin

Operating income

$1.2B+15.51% QoQ

17.38% margin

Pre-tax income

$1.0B+21.68% QoQ

Net income

$766M+18.21% QoQ

10.83% margin

Cost of revenue

$5.5B+3.84% QoQ

Operating expenses

$335M+22.71% QoQ

SG&A $220M

Depreciation $115M

Other expense

$185M

Tax

$278M+32.38% QoQ

Revenue$7.1B+6.27%

Gross profit

$1.6B+15.88%

21.98% margin

Operating income

$1.2B+15.51%

17.38% margin

Pre-tax income

$1.0B+21.68%

Net income

$766M+18.21%

10.83% margin

Cost of revenue

$5.5B+3.84%

Operating expenses

$335M+22.71%

SG&A $220M

Depreciation $115M

Other expense

$185M

Tax$278M+32.38%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.20· ±1.4% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.4%3 of 10×1.20

FOMCrate decision±1.4%11 of 24×1.20

NFPjobs report±1.1%6 of 10×0.95

PCEpersonal income & outlays±1.1%7 of 19×0.94

GDPgross domestic product±0.8%7 of 19×0.72

CPIconsumer prices±0.8%5 of 10×0.68

CPROFcorporate profits±0.7%6 of 12×0.58

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 2.90 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 3 '26 · confirmed	2.90	—
Q1 FY26	May 6 '26 · confirmed	2.43	—
Q3 FY25	Nov 4 '25 · confirmed	2.67	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod