Marriott International (MAR) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-02-10. 7 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

1new since FY2024
0reworded
1removed
6unchanged

Headings mentioning a theme: Tariffs 0 · AI 0 · Cybersecurity 1 · China 0 · Interest rates 0. Compare across the S&P 500.

Risks Relating to Our Business

7
  1. Disagreements with hotel owners and other counterparties could materially impact our business, operations, financial results, and growth.new
  2. The effects of, or our failure to comply with, applicable laws, regulations, and government policies may disrupt our business, lower our revenues, increase our costs, reduce our profits, limit our growth, or damage our reputation.
  3. If our brands, goodwill, or other intangible assets become impaired, we may be required to record significant non-cash charges to earnings.
  4. Our Loyalty Program plays a significant role in our business, and unfavorable developments affecting the program could adversely affect our business and results of operations.
  5. Additional cybersecurity incidents could have adverse effects on our business.Cybersecurity
  6. Delaware law and our governing corporate documents contain, and our Board of Directors could implement, anti-takeover provisions that could deter takeover attempts.
  7. Changes in tax law, interpretations of existing tax law, or agreements or disputes with tax authorities could increase our tax costs.

Read these in Item 1A · See the changes

No longer in Item 1A

1

Headings in the FY2024 10-K with no match this year.

  1. Third-party claims that we infringe the intellectual property rights of others or our failure to defend our own intellectual property rights could materially adversely affect our business.

Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.