PerpEquities

Equity · Consumer cyclical

Marriott International (MAR) perpetual futures

MAR perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MARUSDT.

Marriott International is a global hospitality company that manages, franchises, and licenses hotels, residential units, and timeshare resorts, operating nearly 8,000 properties across 139 countries under 30 brands.

$341.99+1.5%NASDAQ closed
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venue perp mark · BingX (MAR-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$5.7KCoverage: 2/3 marketsExchange-reported volume: $1.2M
Open interest
$168.6K
Best liquidity
$274.1K
BingX
Tightest spread
+25.5 bps
Bitget
Highest volume
$5.7K
Bitget
Settlement mix
USDT · 3/3
Perp/spot vol.
0.00x
Spot volume $1.5B
OI / float
0.00%
Float $77.2B
Spot performance
1D+1.47%
5D+1.70%
1M-4.96%
6M+5.99%
YTD+9.24%
1Y+28.33%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeMAR-USDTTrading$341.99+292.1% APR
+0.267% every 8h
+52.4 bps$274.1K$1.2M$3.1KUSDT-
BitgetTradeMAR/USDTTrading$341.340.0% APR
0.000% every 8h
+25.5 bps-$5.7K$120.6KUSDT20x
Gate.ioTradeMAR/USDTTrading$340.400.0% APR
0.000% every 8h
+141.0 bps$3.7K$17$44.8KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 3 venues absorb $10k · Typical cost: +34.7 bps

Cheapest execution: BingX · +34.7 bps

No fresh book data: Gate.io, Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

MAR

Tightest spread

MAR

Highest volume

MAR

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 9m ago
Market cap
$88.4B
Updated 9m ago
Revenue
$26.9B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+9.6%
P/E
35.3
Peer P/E 27.3
Free cash flow
$3.1B
Trailing 12 months
More metrics
Net income
$2.6B
Trailing 12 months
P/S
3.3
Peer P/E
27.3
Similar listed perps
Revenue estimate
$27.8B
Next fiscal year
Earnings
2026-11-03
Revenue est. $6.9B · Updated 9m ago
Dividend
$0.73
2026-08-20

Fundamental detail

Annual + quarterly
Latest revenue$26.2B
Net margin+9.9%
Free cash flow$2.6B
Net debt$16.7B
2020$10.6B
2021$13.9B
2022$20.8B
2023$23.7B
2024$25.1B
2025$26.2B
PeriodRevenueGrowthNet incomeFCF
2020$10.6B-50%-$267M$1.5B
2021$13.9B+31%$1.1B$994M
2022$20.8B+50%$2.4B$2B
2023$23.7B+14%$3.1B$2.7B
2024$25.1B+6%$2.4B$2B
2025$26.2B+4%$2.6B$2.6B
PeriodGross marginOperating marginNet marginROEROA
2020+13.8%+0.8%-2.5%-62.1%-1.1%
2021+20.2%+12.6%+7.9%+77.7%+4.3%
2022+21.9%+16.7%+11.4%+415.1%+9.5%
2023+21.6%+16.3%+13.0%-452.1%+12.0%
2024+20.3%+15.0%+9.5%-79.4%+9.1%
2025+21.3%+15.8%+9.9%-69.0%+9.4%
PeriodCashDebtNet debtCurrent ratio
2020$877M$11.2B$10.3B0.49
2021$1.4B$11.2B$9.8B0.57
2022$507M$11.1B$10.6B0.45
2023$338M$12.8B$12.4B0.43
2024$396M$15.2B$14.8B0.40
2025$358M$17.1B$16.7B0.43
PeriodMarket capEnterprise valueP/SP/E
2020$43B$53.3B4.1-160.9
2021$54.1B$63.9B3.949.2
2022$48.3B$58.9B2.320.5
2023$68B$80.4B2.922.0
2024$79.3B$94.1B3.233.4
2025$83.3B$100B3.232.6
Q3 2024$6.3B
Q4 2024$6.4B
Q1 2025$6.3B
Q2 2025$6.7B
Q3 2025$6.5B
Q4 2025$6.7B
Q1 2026$6.7B
Q2 2026$7.1B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6.3B+6%$584M$706M
Q4 2024$6.4B+5%$455M-$24M
Q1 2025$6.3B+5%$665M$512M
Q2 2025$6.7B+5%$763M$488M
Q3 2025$6.5B+4%$728M$951M
Q4 2025$6.7B+4%$445M$657M
Q1 2026$6.7B+6%$648M$728M
Q2 2026$7.1B+5%$766M$796M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+20.4%+15.1%+9.3%-24.1%+2.2%
Q4 2024+17.7%+11.7%+7.1%-15.2%+1.7%
Q1 2025+19.9%+15.1%+10.6%-21.0%+2.5%
Q2 2025+26.9%+18.3%+11.3%-25.7%+2.8%
Q3 2025+21.9%+18.2%+11.2%-23.3%+2.6%
Q4 2025+16.5%+11.6%+6.7%-11.8%+1.6%
Q1 2026+20.2%+16.0%+9.7%-15.8%+2.3%
Q2 2026+22.0%+17.4%+10.8%-16.9%+2.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$394M$14.5B$14.1B0.42
Q4 2024$396M$15.2B$14.8B0.40
Q1 2025$523M$15.9B$15.3B0.45
Q2 2025$671M$16.5B$15.9B0.45
Q3 2025$678M$16.9B$16.2B0.47
Q4 2025$358M$17.1B$16.7B0.43
Q1 2026$454M$17.4B$17B0.46
Q2 2026$462M$17.8B$17.3B0.53
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$70B$84B11.230.0
Q4 2024$77.8B$92.6B12.142.8
Q1 2025$66.1B$81.5B10.624.8
Q2 2025$75B$90.9B11.124.6
Q3 2025$70.7B$87B10.924.3
Q4 2025$83.3B$100B12.546.7
Q1 2026$87.8B$104.8B13.233.9
Q2 2026$99.5B$116.8B14.132.5

Refreshed 9m ago

Charts: revenue, profit, cash flow & valuation
Revenue$7.1BQ2 2026
$1.8B$3.5B$5.3B$7.1BQ3 2023: $5.9BQ4 2023: $6.1BQ1 2024: $6BQ2 2024: $6.4BQ3 2024: $6.3BQ4 2024: $6.4BQ1 2025: $6.3BQ2 2025: $6.7BQ3 2025: $6.5BQ4 2025: $6.7BQ1 2026: $6.7BQ2 2026: $7.1BQ3 2023Q2 2026
Net income$766MQ2 2026
$212M$424M$636M$848MQ3 2023: $752MQ4 2023: $848MQ1 2024: $564MQ2 2024: $772MQ3 2024: $584MQ4 2024: $455MQ1 2025: $665MQ2 2025: $763MQ3 2025: $728MQ4 2025: $445MQ1 2026: $648MQ2 2026: $766MQ3 2023Q2 2026
EBITDA$1.3BQ2 2026
$327.5M$655M$982.5M$1.3BQ3 2023: $1.2BQ4 2023: $807MQ1 2024: $1BQ2 2024: $1.3BQ3 2024: $1BQ4 2024: $1.1BQ1 2025: $1.1BQ2 2025: $1.3BQ3 2025: $1.3BQ4 2025: $967MQ1 2026: $1.2BQ2 2026: $1.3BQ3 2023Q2 2026
Free cash flow$796MQ2 2026
$219.8M$463.5M$707.3M$951MQ3 2023: $757MQ4 2023: $617MQ1 2024: $670MQ2 2024: $647MQ3 2024: $706MQ4 2024: -$24MQ1 2025: $512MQ2 2025: $488MQ3 2025: $951MQ4 2025: $657MQ1 2026: $728MQ2 2026: $796MQ3 2023Q2 2026
EPS$2.84Q2 2026
$0.72$1.44$2.15$2.87Q3 2023: $2.51Q4 2023: $2.87Q1 2024: $1.93Q2 2024: $2.69Q3 2024: $2.07Q4 2024: $1.62Q1 2025: $2.39Q2 2025: $2.78Q3 2025: $2.67Q4 2025: $1.65Q1 2026: $2.41Q2 2026: $2.84Q3 2023Q2 2026
Cash / Debt$462MQ2 2026
$4.4B$8.9B$13.3B$17.8BQ3 2023 · Cash: $717MQ3 2023 · Debt: $12.7BQ4 2023 · Cash: $338MQ4 2023 · Debt: $12.8BQ1 2024 · Cash: $429MQ1 2024 · Debt: $13.5BQ2 2024 · Cash: $349MQ2 2024 · Debt: $14BQ3 2024 · Cash: $394MQ3 2024 · Debt: $14.5BQ4 2024 · Cash: $396MQ4 2024 · Debt: $15.2BQ1 2025 · Cash: $523MQ1 2025 · Debt: $15.9BQ2 2025 · Cash: $671MQ2 2025 · Debt: $16.5BQ3 2025 · Cash: $678MQ3 2025 · Debt: $16.9BQ4 2025 · Cash: $358MQ4 2025 · Debt: $17.1BQ1 2026 · Cash: $454MQ1 2026 · Debt: $17.4BQ2 2026 · Cash: $462MQ2 2026 · Debt: $17.8BQ3 2023Q2 2026
CashDebt
Profitability+22.0%Q2 2026
+6.7%+13.4%+20.2%+26.9%Q3 2023 · Gross margin: +23.6%Q4 2023 · Gross margin: +18.2%Q1 2024 · Gross margin: +19.9%Q2 2024 · Gross margin: +23.3%Q3 2024 · Gross margin: +20.4%Q4 2024 · Gross margin: +17.7%Q1 2025 · Gross margin: +19.9%Q2 2025 · Gross margin: +26.9%Q3 2025 · Gross margin: +21.9%Q4 2025 · Gross margin: +16.5%Q1 2026 · Gross margin: +20.2%Q2 2026 · Gross margin: +22.0%Q3 2023 · Operating margin: +18.5%Q4 2023 · Operating margin: +11.8%Q1 2024 · Operating margin: +14.7%Q2 2024 · Operating margin: +18.6%Q3 2024 · Operating margin: +15.1%Q4 2024 · Operating margin: +11.7%Q1 2025 · Operating margin: +15.1%Q2 2025 · Operating margin: +18.3%Q3 2025 · Operating margin: +18.2%Q4 2025 · Operating margin: +11.6%Q1 2026 · Operating margin: +16.0%Q2 2026 · Operating margin: +17.4%Q3 2023 · Net margin: +12.7%Q4 2023 · Net margin: +13.9%Q1 2024 · Net margin: +9.4%Q2 2024 · Net margin: +12.0%Q3 2024 · Net margin: +9.3%Q4 2024 · Net margin: +7.1%Q1 2025 · Net margin: +10.6%Q2 2025 · Net margin: +11.3%Q3 2025 · Net margin: +11.2%Q4 2025 · Net margin: +6.7%Q1 2026 · Net margin: +9.7%Q2 2026 · Net margin: +10.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+4.8%Q2 2026
+1.6%+3.1%+4.7%+6.2%Q3 2024: +5.5%Q4 2024: +5.5%Q1 2025: +4.8%Q2 2025: +4.7%Q3 2025: +3.7%Q4 2025: +4.1%Q1 2026: +6.2%Q2 2026: +4.8%Q3 2023Q2 2026
Shares outstanding269.4MQ2 2026
75M150.1M225.1M300.1MQ3 2023: 300.1MQ4 2023: 295.6MQ1 2024: 291.6MQ2 2024: 286.7MQ3 2024: 281.5MQ4 2024: 280.1MQ1 2025: 277.7MQ2 2025: 274.5MQ3 2025: 272.7MQ4 2025: 269.4MQ1 2026: 269.4MQ2 2026: 269.4MQ3 2023Q2 2026
Valuation32.5Q2 2026
11.723.435.046.7Q3 2023 · P/E: 19.5Q4 2023 · P/E: 19.6Q1 2024 · P/E: 32.4Q2 2024 · P/E: 22.2Q3 2024 · P/E: 30.0Q4 2024 · P/E: 42.8Q1 2025 · P/E: 24.8Q2 2025 · P/E: 24.6Q3 2025 · P/E: 24.3Q4 2025 · P/E: 46.7Q1 2026 · P/E: 33.9Q2 2026 · P/E: 32.5Q3 2023 · P/S: 9.9Q4 2023 · P/S: 10.9Q1 2024 · P/S: 12.2Q2 2024 · P/S: 10.6Q3 2024 · P/S: 11.2Q4 2024 · P/S: 12.1Q1 2025 · P/S: 10.6Q2 2025 · P/S: 11.1Q3 2025 · P/S: 10.9Q4 2025 · P/S: 12.5Q1 2026 · P/S: 13.2Q2 2026 · P/S: 14.1Q3 2023Q2 2026
P/EP/S
Revenue$26.2B2025
$6.5B$13.1B$19.6B$26.2B2018: $20.8B2019: $21B2020: $10.6B2021: $13.9B2022: $20.8B2023: $23.7B2024: $25.1B2025: $26.2B20182025
Net income$2.6B2025
$570.5M$1.4B$2.2B$3.1B2018: $1.9B2019: $1.3B2020: -$267M2021: $1.1B2022: $2.4B2023: $3.1B2024: $2.4B2025: $2.6B20182025
EBITDA$4.5B2025
$1.1B$2.2B$3.4B$4.5B2018: $3B2019: $2.4B2020: $457M2021: $1.9B2022: $3.9B2023: $4.4B2024: $4.3B2025: $4.5B20182025
Free cash flow$2.6B2025
$679.5M$1.4B$2B$2.7B2018: $1.8B2019: $1B2020: $1.5B2021: $994M2022: $2B2023: $2.7B2024: $2B2025: $2.6B20182025
EPS$9.492025
$1.93$4.68$7.43$10.22018: $5.12019: $3.792020: -$0.822021: $3.342022: $7.242023: $10.22024: $8.332025: $9.4920182025
Cash / Debt$358M2025
$4.3B$8.5B$12.8B$17.1B2018 · Cash: $316M2018 · Debt: $9.3B2019 · Cash: $225M2019 · Debt: $11.8B2020 · Cash: $877M2020 · Debt: $11.2B2021 · Cash: $1.4B2021 · Debt: $11.2B2022 · Cash: $507M2022 · Debt: $11.1B2023 · Cash: $338M2023 · Debt: $12.8B2024 · Cash: $396M2024 · Debt: $15.2B2025 · Cash: $358M2025 · Debt: $17.1B20182025
CashDebt
Profitability+21.3%2025
+3.6%+9.7%+15.8%+21.9%2018 · Gross margin: +17.7%2019 · Gross margin: +15.3%2020 · Gross margin: +13.8%2021 · Gross margin: +20.2%2022 · Gross margin: +21.9%2023 · Gross margin: +21.6%2024 · Gross margin: +20.3%2025 · Gross margin: +21.3%2018 · Operating margin: +11.4%2019 · Operating margin: +8.6%2020 · Operating margin: +0.8%2021 · Operating margin: +12.6%2022 · Operating margin: +16.7%2023 · Operating margin: +16.3%2024 · Operating margin: +15.0%2025 · Operating margin: +15.8%2018 · Net margin: +9.2%2019 · Net margin: +6.1%2020 · Net margin: -2.5%2021 · Net margin: +7.9%2022 · Net margin: +11.4%2023 · Net margin: +13.0%2024 · Net margin: +9.5%2025 · Net margin: +9.9%20182025
Gross marginOperating marginNet margin
Revenue growth+4.3%2025
-24.7%+0.2%+25.0%+49.9%2019: +1.0%2020: -49.6%2021: +31.1%2022: +49.9%2023: +14.2%2024: +5.8%2025: +4.3%20182025
Shares outstanding269.4M2025
88.6M177.1M265.7M354.2M2018: 354.2M2019: 335.5M2020: 325.8M2021: 329.3M2022: 325.8M2023: 302.9M2024: 285.2M2025: 269.4M20182025
Valuation32.62025
-108.4-55.8-3.349.22018 · P/E: 21.02019 · P/E: 39.52020 · P/E: -160.92021 · P/E: 49.22022 · P/E: 20.52023 · P/E: 22.02024 · P/E: 33.42025 · P/E: 32.62018 · P/S: 1.82019 · P/S: 2.42020 · P/S: 4.12021 · P/S: 3.92022 · P/S: 2.32023 · P/S: 2.92024 · P/S: 3.22025 · P/S: 3.220182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $6.9B · Updated 9m ago
Dividend
$0.73
2026-08-20

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202611.72$27.8B+6%18
FY 202713.11$29.5B+13%19
FY 202814.62$30.8B+18%9
FY 202916.43$30.8B+18%3
FY 203020.60$29B+11%3
Q1 20272.93$7B+5%6

Company events

6
2026-11-03EarningsActual - / Estimate 2.84-
2026-08-20Dividend$0.73-
2026-08-03EarningsActual 3.19 / Estimate 3.08Beat
2026-05-22Dividend$0.73-
2026-05-06EarningsActual 2.72 / Estimate 2.56Beat
2026-02-26Dividend$0.67-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering MAR have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings108326
Analysts2433
Buy / hold / sell55 / 53 / 0131 / 195 / 0
Upgrades / downgrades / initiations3 / 0 / 36 / 1 / 8
Price targets hit / missed28 / 72 (28%)223 / 73 (75%)
Avg. return after a rating (TipRanks)-5.6%+17.0%
Best / worst call+27.5% / -25.6%+80.5% / -25.6%

After buy calls on this stock: median 21-day move +2.1% vs S&P 500 -0.3% (n = 130)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Stephen GramblingMorgan Stanley100% hit rate on this stock · 20 targets measuredBuytarget $380Aug 3, 2026
  2. Richard ClarkeBernstein100% hit rate on this stock · 14 targets measuredBuytarget $402Aug 17, 2026
  3. Shaun KelleyBank of America Securities90% hit rate on this stock · 10 targets measuredBuyno targetAug 4, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Patrick ScholesTruist FinancialHoldMaintained$360
Sep 10, 2026Patrick ScholesTruist FinancialHoldMaintained$360
Sep 2, 2026Peter SupinoWolfe ResearchHoldInitiated
Aug 27, 2026Stephan LingnauErste GroupBuyInitiated
Aug 20, 2026Robin M. FarleyUBSHoldReiterated$395
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$260$280$300$320$340$360$380$400Oct 25 · Buy 7 · Hold 11 · Sell 0Oct 25Nov 25 · Buy 7 · Hold 9 · Sell 0Dec 25 · Buy 8 · Hold 8 · Sell 0Dec 25Jan 26 · Buy 9 · Hold 8 · Sell 0Feb 26 · Buy 9 · Hold 10 · Sell 0Feb 26Mar 26 · Buy 9 · Hold 10 · Sell 0Apr 26 · Buy 9 · Hold 11 · Sell 0Apr 26May 26 · Buy 11 · Hold 11 · Sell 0Jun 26 · Buy 11 · Hold 11 · Sell 0Jun 26Jul 26 · Buy 11 · Hold 10 · Sell 0Aug 26 · Buy 12 · Hold 9 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 10 · Sell 0Oct 25 · avg. target $290Nov 25 · avg. target $296Dec 25 · avg. target $299Jan 26 · avg. target $317Feb 26 · avg. target $355Mar 26 · avg. target $356Apr 26 · avg. target $365May 26 · avg. target $385Jun 26 · avg. target $390Jul 26 · avg. target $395Aug 26 · avg. target $393Sep 26 · avg. target $392Oct 25 · month-end close $261Nov 25 · month-end close $305Dec 25 · month-end close $310Jan 26 · month-end close $315Feb 26 · month-end close $342Mar 26 · month-end close $327Apr 26 · month-end close $362May 26 · month-end close $376Jun 26 · month-end close $371Jul 26 · month-end close $373Aug 26 · month-end close $342Sep 26 · month-end close $334

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 108 ratings

Frequently asked questions

Where can I trade MAR perpetual futures?

Marriott International (MAR) perpetual futures trade on 3 crypto venues, including BingX, Bitget, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MAR around the clock?

Yes. Unlike the underlying stock, MAR perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MAR perpetuals?

Right now the MAR perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +292.1% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MAR perp price compare to the Marriott International stock?

The venue-median MAR perp mark is $341.3 versus a reference stock price of $342, a basis of -0.2%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MAR perpetual future?

A MAR perpetual is a derivative that tracks the price of Marriott International with no expiry date. It lets you take long or short exposure to Marriott International on crypto venues, around the clock.

What is MARUSDT perpetual?

MARUSDT is the symbol most crypto exchanges use for the Marriott International perpetual settled in USDT (Tether). It tracks the MAR share price through an index, trades 24/7 with leverage and never expires.

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