# Marriott International (MAR.US)

Canonical: https://gigainvestors.com/s/MAR

Analysis as of: 2026-10-16T07:30:03.879Z. Financial observations: FY1997–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at too high a price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $385.71 per share; close as of 2026-10-15.

Estimated value: low $116.35 per share, central $137.79 per share, high $160.37 per share. Buy at or below the central value $137.79 per share. Valuation as of 2026-10-16T07:30:03.879Z; scenarios are not confidence intervals.

Expected annual return: 5.5% at the stated quote. About 5.5% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: fail

- 1 revenue decline in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 1

- Years with a net loss: 1

- Operating margin variation: 0.37×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.12×

- FY2018: 0.11×

- FY2019: 0.09×

- FY2020: 0.01×

- FY2021: 0.13×

- FY2022: 0.17×

- FY2023: 0.16×

- FY2024: 0.15×

- FY2025: 0.16×

- LTM to Jun 2026: 0.16×

### moat: pass

- ROIC, median of available years: 82.6%

- ROIC, second-lowest year: 44.1%

- Typical minus recent gross margin: 0.0 pp

- Typical gross margin (annual median): 20.2%

- Recent gross margin (lower of latest and 3-year median): 20.2%

- Years with nonpositive capital: 0

- Capital spending / revenue: 2.1%

- ROIC including acquisitions, ten-year median: 13.5%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 73.0%

- FY2018: 86.8%

- FY2019: 44.1%

- FY2020: 4.2%

- FY2021: 74.6%

- FY2022: >100%

- FY2023: >100%

- FY2024: 90.9%

- FY2025: 78.4%

- LTM to Jun 2026: 98.2%

### economics: pass

- Owner earnings / net income, 5-yr: 1.01×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $12B

- Net income, five-year total: $12B

- Return on incremental invested capital: 131.6%

- Working capital / revenue, annual change: -0.3 pp

- Working capital / revenue, change between three-year averages: 0.2 pp

- Working capital / revenue, final three-year average: 8.1%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.10×

- FY2022: 1.03×

- FY2023: 1.00×

- FY2024: 0.98×

- FY2025: 1.00×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 73.0% vs 90.9%

- Per-share earnings: 3.15 to 9.51 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: 0.0%

- Ordinary dilution, 5-year annual growth: -3.4%

- Market cap gain: $51B

- Cumulative retained earnings: $12B

- Diluted shares, 10-year annual growth: 0.0%

- Diluted shares, 5-year annual growth: -3.4%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 14.8%

- Per-share value change: $6.36

- Per-share value, starting three-year median: $3.15

- Per-share value, ending three-year median: $9.51

- Buybacks concentrated in cheaper years (correlation): 0.81

- Average buyback yield: 4.1%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $18B

- Cumulative net income, 10 years: $17B

- ROIC, first three-year median: 73.0%

- ROIC, last three-year median: 90.9%

Chart: Earnings per share; fiscal year observations.

- FY2016: $2.73

- FY2017: $3.84

- FY2018: $5.38

- FY2019: $3.79

- FY2020: -$0.82

- FY2021: $3.34

- FY2022: $7.24

- FY2023: $10.18

- FY2024: $8.33

- FY2025: $9.51

### accounting: pass

- Sloan accruals: -2.2%

- Receivables to sales index (DSRI): 1.00×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 7.3%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.23×

- Accounting red flags: 0

Chart: Sloan accruals; fiscal year observations.

- FY2016: -3.4%

- FY2017: -3.2%

- FY2018: -1.9%

- FY2019: -1.6%

- FY2020: -7.7%

- FY2021: -0.3%

- FY2022: -0.0%

- FY2023: -0.3%

- FY2024: -1.4%

- FY2025: -2.2%

## Holders

- [Glenn Greenberg](https://gigainvestors.com/CCM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Steven Romick](https://gigainvestors.com/FPA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Terry Smith](https://gigainvestors.com/FS): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Gayner](https://gigainvestors.com/MKL): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 14.9% a year for ten years · "Marriott Sees Earnings Growth Fueled by Higher Net Rooms, Credit-Card Fees" (finance.yahoo.com, Feb 2026) · sales +2.7%

Story as of 2026-10-16T09:59:07.643Z; price observation 2026-10-15.

Price needs cash profits to grow 14.9% a year for ten years

- 2025-05-06: Marriott International (NasdaqGS:MAR) Reports Revenue Growth And Raises 2025 Earnings Guidance ([finance.yahoo.com](https://finance.yahoo.com/news/marriott-international-nasdaqgs-mar-reports-172649507.html))

- 2025-06-14: Marriott International's SWOT analysis: luxury focus drives stock resilience ([investing.com](https://www.investing.com/news/swot-analysis/marriott-internationals-swot-analysis-luxury-focus-drives-stock-resilience-93CH-4095942))

- 2025-08-05: Marriott cuts 2025 revenue forecast on soft travel demand ([finance.yahoo.com](https://finance.yahoo.com/news/marriott-cuts-2025-revenue-forecast-110604597.html))

- 2025-11-04: Marriott Stock Up as Q3 Earnings Beat Estimates, RevPAR Rises Y/Y ([finance.yahoo.com](https://finance.yahoo.com/news/marriott-stock-q3-earnings-beat-160300521.html))

- 2026-02-10: Marriott Sees Earnings Growth Fueled by Higher Net Rooms, Credit-Card Fees ([finance.yahoo.com](https://finance.yahoo.com/m/a27a4f7d-265f-33b5-9f22-b69974a92757/marriott-sees-earnings-growth.html))

- 2026-08-03: Marriott Stock Plunges 7.5% as Middle East Revenue Collapses ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/marriott-stock-plunges-7-5-182225311.html))

### Sales · FY2025–2026

sales +2.7%; source https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm; observed 2026-02-10.

- FY2017: $20B 

- FY2018: $21B 

- FY2019: $21B 

- FY2020: $11B 

- FY2021: $14B 

- FY2022: $21B 

- FY2023: $24B 

- FY2024: $25B 

- FY2025: $26B 

- FY2026: $27B 

### Gross margin · FY2026

gross margin 20.2%; source https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm; observed 2026-02-10.

- FY2017: 18.6% 

- FY2018: 17.7% 

- FY2019: 15.3% 

- FY2020: 13.8% 

- FY2021: 20.2% 

- FY2022: 21.9% 

- FY2023: 21.6% 

- FY2024: 20.3% 

- FY2025: 21.3% 

- FY2026: 20.2% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in lodging; annual sales are USD 26.2 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); FY2025: revenue 26186000000; grossProfit 5587000000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 20.3% to 21.6% during 2023–25; it earns 82.6% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2023: grossProfit / revenue = 21.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2024: grossProfit / revenue = 20.3%.

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); FY2025: grossProfit / revenue = 21.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); 10-year return on capital observations [[2017,0.7298654708520179],[2018,0.8678744302843024],[2019,0.4406582527363735],[2020,0.04207989854153456],[2021,0.7462787918296393],[2022,1.1462677966187373],[2023,1.2356544241294198],[2024,0.9094481257386334],[2025,0.7841525161264394],[2026,0.9820100161309081]]; median 0.826013473205371. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

Kept about a 22% gross margin through 2022 cost inflation.

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); Gross margin observations: [[2021,0.20213610449592265],[2022,0.21941943869445915],[2023,0.2160840045544638]]; range within 2 percentage points.

### Where the cash goes

Spends 0.2% of cash earnings on expansion; paid dividends in 10 of 10 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2016: growth capex 40000000; upkeep 159000000; owner earnings 808000000. Growth capex / owner earnings = 0.04950495049504951.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2017: growth capex 0; upkeep 240000000; owner earnings 1498000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2018: growth capex 31231203.643754184; upkeep 524768796.3562458; owner earnings 1666231203.6437542. Growth capex / owner earnings = 0.01874361947817148.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2019: growth capex 23009960.36295247; upkeep 629990039.6370475; owner earnings 1046009960.3629525. Growth capex / owner earnings = 0.021997840589365228.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2020: growth capex 0; upkeep 135000000; owner earnings 76000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2021: growth capex 0; upkeep 183000000; owner earnings 1211000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2022: growth capex 0; upkeep 332000000; owner earnings 2426000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2023: growth capex 16000000; upkeep 436000000; owner earnings 3083000000. Growth capex / owner earnings = 0.0051897502432695424.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); FY2024: growth capex 204117008.67609262; upkeep 545882991.3239074; owner earnings 2321117008.6760926. Growth capex / owner earnings = 0.08793912926971134.

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); FY2025: growth capex 5000000; upkeep 599000000; owner earnings 2601000000. Growth capex / owner earnings = 0.0019223375624759708.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); Dividend observations: [[2016,374000000],[2017,482000000],[2018,543000000],[2019,612000000],[2020,156000000],[2021,90000000],[2022,321000000],[2023,587000000],[2024,682000000],[2025,718000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); FY2025: cash repurchases 3300000000 USD.

### Are managers owners

Insiders own 18.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MAR.US SharesStats.PercentInsiders = 18.083 percentage points; cache date 2026-10-16.

### What could break it

"Premature termination of our agreements with hotel owners could materially hurt our financial performance" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm (filed 2026-02-10); Premature termination of our agreements with hotel owners could materially hurt our financial performance

### What the price says

The price assumes cash profits grow 14.9% yearly over ten years; actual growth was 13%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-10); Ten-year compound average after fade. Initial solved rate 0.20264063328451387. Price 385.71; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 2.804716559845015 → FY2025 9.506578947368421. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $68.70 per share

- 2016-11: $78.78 per share

- 2016-12: $82.68 per share

- 2017-01: $84.60 per share

- 2017-02: $86.99 per share

- 2017-03: $94.18 per share

- 2017-04: $94.42 per share

- 2017-05: $107.65 per share

- 2017-06: $100.31 per share

- 2017-07: $104.19 per share

- 2017-08: $103.58 per share

- 2017-09: $110.26 per share

- 2017-10: $119.48 per share

- 2017-11: $127.00 per share

- 2017-12: $135.73 per share

- 2018-01: $147.34 per share

- 2018-02: $141.21 per share

- 2018-03: $135.98 per share

- 2018-04: $136.68 per share

- 2018-05: $135.36 per share

- 2018-06: $126.60 per share

- 2018-07: $127.84 per share

- 2018-08: $126.47 per share

- 2018-09: $132.03 per share

- 2018-10: $116.89 per share

- 2018-11: $115.03 per share

- 2018-12: $108.56 per share

- 2019-01: $114.53 per share

- 2019-02: $125.27 per share

- 2019-03: $125.09 per share

- 2019-04: $136.42 per share

- 2019-05: $124.84 per share

- 2019-06: $140.29 per share

- 2019-07: $139.06 per share

- 2019-08: $126.06 per share

- 2019-09: $124.37 per share

- 2019-10: $126.55 per share

- 2019-11: $140.36 per share

- 2019-12: $151.43 per share

- 2020-01: $140.06 per share

- 2020-02: $124.00 per share

- 2020-03: $74.81 per share

- 2020-04: $90.94 per share

- 2020-05: $88.50 per share

- 2020-06: $85.73 per share

- 2020-07: $83.83 per share

- 2020-08: $102.91 per share

- 2020-09: $92.58 per share

- 2020-10: $92.88 per share

- 2020-11: $126.87 per share

- 2020-12: $131.92 per share

- 2021-01: $116.31 per share

- 2021-02: $148.07 per share

- 2021-03: $148.11 per share

- 2021-04: $148.52 per share

- 2021-05: $143.58 per share

- 2021-06: $136.52 per share

- 2021-07: $145.98 per share

- 2021-08: $135.14 per share

- 2021-09: $148.09 per share

- 2021-10: $160.02 per share

- 2021-11: $147.56 per share

- 2021-12: $165.24 per share

- 2022-01: $161.12 per share

- 2022-02: $170.14 per share

- 2022-03: $175.75 per share

- 2022-04: $177.52 per share

- 2022-05: $171.58 per share

- 2022-06: $136.01 per share

- 2022-07: $158.82 per share

- 2022-08: $153.74 per share

- 2022-09: $140.14 per share

- 2022-10: $160.11 per share

- 2022-11: $165.35 per share

- 2022-12: $148.89 per share

- 2023-01: $174.18 per share

- 2023-02: $169.24 per share

- 2023-03: $166.04 per share

- 2023-04: $169.34 per share

- 2023-05: $167.79 per share

- 2023-06: $183.69 per share

- 2023-07: $201.81 per share

- 2023-08: $203.51 per share

- 2023-09: $196.56 per share

- 2023-10: $188.56 per share

- 2023-11: $202.70 per share

- 2023-12: $225.51 per share

- 2024-01: $239.73 per share

- 2024-02: $249.87 per share

- 2024-03: $252.31 per share

- 2024-04: $236.13 per share

- 2024-05: $231.17 per share

- 2024-06: $241.77 per share

- 2024-07: $227.30 per share

- 2024-08: $234.69 per share

- 2024-09: $248.60 per share

- 2024-10: $260.02 per share

- 2024-11: $289.09 per share

- 2024-12: $278.94 per share

- 2025-01: $290.59 per share

- 2025-02: $280.45 per share

- 2025-03: $238.20 per share

- 2025-04: $238.58 per share

- 2025-05: $263.83 per share

- 2025-06: $273.21 per share

- 2025-07: $263.83 per share

- 2025-08: $267.86 per share

- 2025-09: $260.44 per share

- 2025-10: $260.58 per share

- 2025-11: $304.79 per share

- 2025-12: $310.24 per share

- 2026-01: $315.30 per share

- 2026-02: $341.73 per share

- 2026-03: $327.07 per share

- 2026-04: $361.69 per share

- 2026-05: $375.60 per share

- 2026-06: $370.59 per share

- 2026-07: $372.83 per share

- 2026-08: $341.76 per share

- 2026-09: $355.67 per share

- 2026-10: $371.50 per share

## Annual estimated value (USD per share)

- FY2016: low $28.36 per share, central $33.40 per share, high $38.57 per share

- FY2017: low $31.64 per share, central $36.97 per share, high $43.00 per share

- FY2018: low $34.93 per share, central $41.10 per share, high $47.82 per share

- FY2019: low $37.83 per share, central $45.25 per share, high $52.69 per share

- FY2020: low $20.64 per share, central $23.21 per share, high $26.62 per share

- FY2021: low $37.08 per share, central $41.72 per share, high $47.91 per share

- FY2022: low $56.22 per share, central $63.93 per share, high $74.20 per share

- FY2023: low $77.59 per share, central $91.78 per share, high $106.81 per share

- FY2024: low $92.57 per share, central $109.85 per share, high $127.86 per share

- FY2025: low $107.93 per share, central $127.83 per share, high $148.77 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:35:48.535Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1048286/000104828626000007/mar-20251231.htm); period 2025-12-31, filed 2026-02-10.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Glenn Greenberg](https://gigainvestors.com/CCM): 1,194 MAR shares; USD 442,000 reported position value; 0.01% of portfolio; hold; quarter 2026 Q2.
- [Steven Romick](https://gigainvestors.com/FPA): 18,445 MAR shares; USD 6,836,000 reported position value; 0.09% of portfolio; reduce; quarter 2026 Q2.
- [Terry Smith](https://gigainvestors.com/FS): 2,585,757 MAR shares; USD 958,256,000 reported position value; 7.02% of portfolio; reduce; quarter 2026 Q2.
- [Thomas Gayner](https://gigainvestors.com/MKL): 99,500 MAR shares; USD 36,874,000 reported position value; 0.28% of portfolio; add; quarter 2026 Q2.

# MAR — Marriott Int'l.

Held by 4 investors · USD 1,002,408,000 total · 2026 Q2 · reported price USD 370.59 (split-adjusted).
Page: https://gigainvestors.com/s/MAR

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Terry Smith (https://gigainvestors.com/FS) | USD 958,256,000 | 7.0% | reduce -23.29% |
| Thomas Gayner (https://gigainvestors.com/MKL) | USD 36,874,000 | 0.3% | add +6.13% |
| Steven Romick (https://gigainvestors.com/FPA) | USD 6,836,000 | 0.1% | reduce -92.08% |
| Glenn Greenberg (https://gigainvestors.com/CCM) | USD 442,000 | <0.1% | hold |

## Total held by quarter

- 2006 Q4: USD 33,233,401 · 1 holder · USD 47.72
- 2007 Q1: USD 34,204,680 · 1 holder · USD 48.96
- 2007 Q2: USD 36,100,687 · 1 holder · USD 43.24
- 2007 Q3: USD 37,595,334 · 1 holder · USD 43.47
- 2007 Q4: USD 37,009,625 · 1 holder · USD 34.18
- 2008 Q1: USD 43,384,517 · 1 holder · USD 34.36
- 2008 Q2: USD 36,308,183 · 1 holder · USD 26.24
- 2008 Q3: USD 36,672,000 · 1 holder · USD 26.09
- 2008 Q4: USD 27,293,718 · 1 holder · USD 19.45
- 2009 Q1: USD 22,949,415 · 1 holder · USD 16.36
- 2009 Q2: USD 31,157,896 · 1 holder · USD 22.07
- 2009 Q3: USD 39,214,715 · 1 holder · USD 27.59
- 2009 Q4: USD 38,823,784 · 1 holder · USD 27.25
- 2010 Q1: USD 44,828,122 · 1 holder · USD 31.52
- 2010 Q2: USD 42,581,027 · 1 holder · USD 29.94
- 2010 Q3: USD 50,891,212 · 1 holder · USD 35.83
- 2010 Q4: USD 58,876,428 · 1 holder · USD 41.54
- 2011 Q1: USD 50,429,064 · 1 holder · USD 35.58
- 2011 Q2: USD 50,291,992 · 1 holder · USD 35.49
- 2011 Q3: USD 38,395,488 · 1 holder · USD 27.24
- 2011 Q4: USD 41,046,741 · 1 holder · USD 29.17
- 2012 Q1: USD 52,177,701 · 1 holder · USD 37.85
- 2012 Q2: USD 54,324,066 · 1 holder · USD 39.20
- 2012 Q3: USD 54,097,392 · 1 holder · USD 39.10
- 2012 Q4: USD 51,381,913 · 1 holder · USD 37.27
- 2013 Q1: USD 57,770,682 · 1 holder · USD 42.23
- 2013 Q2: USD 54,977,562 · 1 holder · USD 40.37
- 2013 Q3: USD 56,379,033 · 1 holder · USD 42.06
- 2013 Q4: USD 66,254,004 · 1 holder · USD 49.35
- 2014 Q1: USD 72,986,721 · 1 holder · USD 56.02
- 2014 Q2: USD 83,706,203 · 1 holder · USD 64.10
- 2014 Q3: USD 93,027,743 · 1 holder · USD 69.90
- 2014 Q4: USD 105,798,458 · 1 holder · USD 78.03
- 2015 Q1: USD 109,947,558 · 1 holder · USD 80.32
- 2015 Q2: USD 102,946,015 · 1 holder · USD 74.39
- 2015 Q3: USD 97,039,666 · 1 holder · USD 68.20
- 2015 Q4: USD 97,098,658 · 1 holder · USD 67.04
- 2016 Q1: USD 103,336,917 · 1 holder · USD 71.18
- 2016 Q2: USD 97,846,998 · 1 holder · USD 66.46
- 2016 Q3: USD 99,127,872 · 1 holder · USD 67.33
- 2016 Q4: USD 123,711,521 · 1 holder · USD 82.68
- 2017 Q1: USD 142,048,774 · 1 holder · USD 94.18
- 2017 Q2: USD 151,294,463 · 1 holder · USD 100.31
- 2017 Q3: USD 166,301,740 · 1 holder · USD 110.26
- 2017 Q4: USD 204,717,351 · 1 holder · USD 135.73
- 2018 Q1: USD 205,094,419 · 1 holder · USD 135.98
- 2018 Q2: USD 209,244,750 · 2 holders · USD 126.60
- 2018 Q3: USD 223,250,451 · 2 holders · USD 132.03
- 2018 Q4: USD 190,318,319 · 2 holders · USD 132.03
- 2019 Q1: USD 366,779,891 · 3 holders · USD 125.09
- 2019 Q2: USD 416,928,272 · 3 holders · USD 140.29
- 2019 Q3: USD 377,969,012 · 3 holders · USD 124.37
- 2019 Q4: USD 266,066,599 · 2 holders · USD 151.43
- 2020 Q1: USD 242,009,068 · 5 holders · USD 74.81
- 2020 Q2: USD 188,421,676 · 4 holders · USD 85.73
- 2020 Q3: USD 224,489,725 · 3 holders · USD 92.58
- 2020 Q4: USD 293,847,404 · 3 holders · USD 131.92
- 2021 Q1: USD 183,459,948 · 3 holders · USD 148.11
- 2021 Q2: USD 157,169,060 · 3 holders · USD 136.52
- 2021 Q3: USD 118,807,035 · 2 holders · USD 148.09
- 2021 Q4: USD 110,388,219 · 2 holders · USD 165.24
- 2022 Q1: USD 118,400,757 · 2 holders · USD 175.75
- 2022 Q2: USD 92,865,316 · 1 holder · USD 136.01
- 2022 Q3: USD 96,232,456 · 1 holder · USD 140.14
- 2022 Q4: USD 98,794,471 · 1 holder · USD 148.89
- 2023 Q1: USD 121,861,571 · 2 holders · USD 166.04
- 2023 Q2: USD 118,271,423 · 3 holders · USD 183.69
- 2023 Q3: USD 916,526,568 · 3 holders · USD 196.56
- 2023 Q4: USD 1,049,077,669 · 3 holders · USD 225.51
- 2024 Q1: USD 1,356,832,706 · 6 holders · USD 252.31
- 2024 Q2: USD 1,218,834,903 · 5 holders · USD 241.77
- 2024 Q3: USD 1,253,295,767 · 6 holders · USD 248.60
- 2024 Q4: USD 1,386,588,566 · 6 holders · USD 278.94
- 2025 Q1: USD 1,132,113,207 · 5 holders · USD 238.19
- 2025 Q2: USD 1,297,407,685 · 4 holders · USD 273.21
- 2025 Q3: USD 1,238,003,399 · 4 holders · USD 260.44
- 2025 Q4: USD 1,383,895,825 · 4 holders · USD 310.24
- 2026 Q1: USD 1,209,691,768 · 4 holders · USD 327.07
- 2026 Q2: USD 1,002,408,000 · 4 holders · USD 370.59