Saturday 31 October 2026 Export H’s income statement to Excel — free account

Hyatt Hotels Corporation

Hyatt Hotels Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, up 6.81% from fiscal 2024. In the quarter to June 2026, revenue grew 1.16%, EPS grew 4,000.0%, free cash flow grew 125.2% and total debt fell 29.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

181.07 3.23 −1.75%

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Market cap: $17.4B
P/E: 211×
Fwd P/E: 53.5×
Dividend yield: 0.33%
F-score: 4/9
Altman Z: 1.76
Beneish M: −2.53
Dividend safety: 35/100

Overview Business Profile Earnings & Analysis Segments Filings

Hyatt Hotels Corporation (H) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
Management and franchising	4,474	67.30%
Owned and leased	1,197	18.01%
Distribution	1,049	15.78%
Gross margin		18.88%
Operating margin		5.63%
Pre-tax margin		23.51%

Revenue by product or service $m

Line	FY2023	FY2022
Revenues for reimbursed costs	3,058 45.87%	2,620 44.47%
Owned and leased	1,339 20.08%	1,235 20.96%
Distribution	1,047 15.70%	986 16.74%
Net fees	923 13.84%	777 13.19%
Other revenues	300 4.50%	273 4.63%
Also reported: a second breakdown of the same revenue
Segment revenues	3,747 56.20%	3,388 57.51%
Gross fees	970 14.55%	808 13.72%
Rooms and packages	874 13.11%	800 13.58%
Base management fees	364 5.46%	297 5.04%
Food and beverage	333 4.99%	305 5.18%
Incentive management fees	232 3.48%	192 3.26%
Other	161 2.41%	158 2.68%
Contra revenue	(47) (0.70%)	(31) (0.53%)
Revenue	6,667	5,891

Gross profit by product or service $m, and margin

	FY2023	FY2022
Reimbursed costs	‡	‡
Owned and leased	‡	‡
Distribution	‡	‡
Costs Incurred On Behalf Of Managed And Franchised Properties	‡	‡
Gross profit	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡
	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2011	FY2010	FY2009
Management and franchising	4,831 68.03%	4,474 67.30%	4,154 62.31%	3,591 60.96%	—	—	—	—	—	—	—	—	—
Owned and leased	1,397 19.67%	1,197 18.01%	1,368 20.52%	1,263 21.44%	855 28.24%	525 25.41%	1,883 37.51%	1,951 43.80%	2,172 48.68%	2,139 50.15%	1,879 50.81%	1,859 52.71%	1,780 53.45%
Distribution	946 13.32%	1,049 15.78%	1,236 18.54%	1,123 19.06%	—	—	—	—	—	—	—	—	—
Americas Management and Franchising	—	—	—	—	1,752 57.86%	1,328 64.28%	2,781 55.40%	2,179 48.92%	1,993 44.67%	1,946 45.63%	1,615 43.67%	1,484 42.08%	—
Asia Pacific Management and Franchising	—	—	—	—	182 6.01%	134 6.49%	247 4.92%	220 4.94%	190 4.26%	168 3.94%	113 3.06%	111 3.15%	—
Apple Leisure Group	—	—	—	—	166 5.48%	—	—	—	—	—	—	—	—
EAME Management and Franchising	—	—	—	—	79 2.61%	—	56 1.12%	31 0.70%	28 0.63%	15 0.35%	—	—	—
EAME and Southwest Asia Management and Franchising	—	—	—	—	—	68 3.29%	152 3.03%	143 3.21%	122 2.73%	111 2.60%	92 2.49%	91 2.58%	—
Corporate and Other	—	—	—	—	—	38 1.84%	67 1.33%	—	—	—	82 2.22%	62 1.76%	67 2.01%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	(83) (2.24%)	(80) (2.27%)	(80) (2.40%)
North American Management and Franchising	—	—	—	—	—	—	—	—	—	—	—	—	1,387 41.65%
International Management and Franchising	—	—	—	—	—	—	—	—	—	—	—	—	176 5.29%
Eliminations	(73) (1.03%)	(72) (1.08%)	(91) (1.36%)	(86) (1.46%)	—	(27) (1.31%)	(166) (3.31%)	(70) (1.57%)	(43) (0.96%)	(114) (2.67%)	—	—	—
Revenue	7,101	6,648	6,667	5,891	3,028	2,066	5,020	4,454	4,462	4,265	3,698	3,527	3,330

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	4,955 69.78%	5,036 75.75%	5,074 76.11%	4,560 77.41%	2,311 76.32%	1,730 83.74%	4,142 82.51%	3,587 80.53%	3,619 81.11%	3,461 81.15%	3,494 80.73%	3,476 78.73%	3,270 78.15%	3,140 79.51%	2,911 78.72%	2,802 79.44%	2,676 80.36%
All foreign	2,146 30.22%	1,612 24.25%	1,593 23.89%	1,331 22.59%	717 23.68%	336 16.26%	878 17.49%	867 19.47%	843 18.89%	804 18.85%	834 19.27%	939 21.27%	914 21.85%	809 20.49%	787 21.28%	725 20.56%	654 19.64%
Revenue	7,101	6,648	6,667	5,891	3,028	2,066	5,020	4,454	4,462	4,265	4,328	4,415	4,184	3,949	3,698	3,527	3,330

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Comparable all-inclusive occupancy	Q3 FY2026	69.6%	73.7%	—
Comparable Net Package ADR	Q3 FY2026	$268.87	$263.97	+1.86%
Comparable Net Package RevPAR	Q3 FY2026	$187.19	$194.56	−3.79%
Comparable Net Package RevPAR growth	Q3 FY2026	−2.50%	7.60%	—
Comparable owned and leased hotels ADR	Q3 FY2026	$302.85	$312.54	−3.10%
Comparable owned and leased hotels ADR growth	Q3 FY2026	5.20%	4.00%	—
Comparable owned and leased hotels occupancy	Q3 FY2026	74.8%	74.3%	—
Comparable owned and leased hotels RevPAR	Q3 FY2026	$226.39	$232.33	−2.56%
Comparable owned and leased hotels RevPAR growth	Q3 FY2026	6.00%	2.70%	—
Comparable system-wide ADR	Q3 FY2026	$210.36	$200.90	+4.71%
Comparable system-wide all-inclusive resorts Net Package ADR growth	Q3 FY2026	3.00%	4.60%	—
Comparable system-wide hotels ADR growth	Q3 FY2026	5.70%	−0.20%	—
Comparable system-wide occupancy	Q3 FY2026	73.6%	72.8%	—
Comparable system-wide RevPAR	Q3 FY2026	$154.80	$146.24	+5.85%
Comparable system-wide RevPAR growth	Q3 FY2026	7.20%	0.30%	—
Net rooms growth	Q3 FY2026	3.80%	12.1%	—
New hotel rooms	Q3 FY2026	3.8K	5.2K	−26.24%
Pipeline hotels	Q4 FY2025	830.00	720.00	+15.28%
Pipeline of executed management or franchise contracts	Q3 FY2026	158.0K	141.0K	+12.06%
Pipeline of executed management or franchise contracts growth	Q3 FY2026	12.1%	—	—
Portfolio hotels and all-inclusive properties	Q1 FY2026	1.5K	1.5K	+6.03%
Remaining performance obligations	Q3 FY2026	$135.0M	$130.0M	+3.85%
System-wide rooms	Q4 FY2025	372.8K	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Comparable all-inclusive occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable Net Package ADR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable Net Package RevPAR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable Net Package RevPAR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable owned and leased hotels ADR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable owned and leased hotels ADR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable owned and leased hotels occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable owned and leased hotels RevPAR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable owned and leased hotels RevPAR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide ADR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide all-inclusive resorts Net Package ADR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide hotels ADR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide RevPAR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Comparable system-wide RevPAR growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net rooms growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
New hotel rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline hotels	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline of executed management or franchise contracts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline of executed management or franchise contracts growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Portfolio hotels and all-inclusive properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
System-wide rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.