Marriott International (WBO:MAR) Tax Rate % : 22.42% (As of Mar. 2024)

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What is Marriott International Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Marriott International's Tax Expense for the three months ended in Mar. 2024 was €150 Mil. Marriott International's Pre-Tax Income for the three months ended in Mar. 2024 was €669 Mil. Therefore, Marriott International's Tax Rate % for the quarter that ended in Mar. 2024 was 22.42%.

Marriott International Tax Rate % Historical Data

The historical data trend for Marriott International's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marriott International Tax Rate % Chart

Marriott International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.39

42.70

6.86

24.28

8.73

Marriott International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															10.31	24.69	23.96	-45.96	22.42

Marriott International Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Marriott International's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	270.515	/	3097.626
	=	8.73 %

Marriott International's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	149.96	/	668.84
	=	22.42 %

Marriott International Tax Rate % Related Terms

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Marriott International (WBO:MAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott International Inc (WBO:MAR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MAR:USA MAR:Mexico 1MAR:Italy MAQ:Germany M1TT34:Brazil

Address

7750 Wisconsin Avenue, Bethesda, MD, USA, 20814

Website

https://www.marriott.com

Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.