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

Hilton Worldwide Holdings Inc.

Hilton Worldwide Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 7.74% from fiscal 2024. In the quarter to June 2026, revenue grew 6.50%, EPS grew 14.6%, free cash flow fell 29.3% and total debt rose 21.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

356.91 0.02 −0.01%

Follow HLT

Alert me

Market cap: $79.4B
P/E: 52.0×
Fwd P/E: 41.7×
Dividend yield: 0.17%
F-score: 6/9
Altman Z: 2.85
Beneish M: −2.59
Dividend safety: 68/100

Overview Business Profile Earnings & Analysis Segments Filings

Hilton Worldwide Holdings Inc. (HLT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Cost reimbursement revenues	7,085	58.85%
Franchise and licensing fees	2,780	23.09%
Ownership	1,233	10.24%
Base and other management fees	376	3.12%
Incentive management fees	313	2.60%
Other revenues	252	2.09%
Gross margin		90.91%
Operating margin		22.37%
Pre-tax margin		17.21%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Franchise and licensing fees	2,780 23.09%	2,600 23.27%	2,370 23.16%	2,068 23.57%	1,493 25.79%	945 21.94%	1,681 17.78%	1,530 17.18%
Ownership	1,233 10.24%	1,255 11.23%	1,244 12.15%	1,076 12.26%	598 10.33%	421 9.77%	1,422 15.04%	1,484 16.66%
Base and other management fees	376 3.12%	369 3.30%	342 3.34%	294 3.35%	176 3.04%	123 2.86%	332 3.51%	321 3.60%
Incentive management fees	313 2.60%	290 2.60%	274 2.68%	196 2.23%	98 1.69%	38 0.88%	230 2.43%	235 2.64%
Other revenues	252 2.09%	232 2.08%	178 1.74%	102 1.16%	79 1.36%	73 1.69%	101 1.07%	98 1.10%
Reimbursement revenue, direct	—	—	—	—	—	1,375 31.92%	3,110 32.90%	2,881 32.35%
Reimbursement revenue, indirect	—	—	—	—	—	1,332 30.93%	2,576 27.25%	2,357 26.47%
Cost reimbursement revenues	—	—	—	—	—	2,707	5,686	5,238
Total revenues excluding reimbursable revenues	4,954	4,746	4,408	3,736	2,444	1,600	3,766	3,668
Revenue	12,039	11,174	10,235	8,773	5,788	4,307	9,452	8,906

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Cost of Reimbursable Expense	‡	‡	‡	‡	‡	‡	‡	‡
Ownership	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Domestic Plan	9,523 79.10%	8,779 78.57%	7,986 78.03%	6,947 79.19%	4,765 82.33%	3,593 83.42%	7,423 78.53%	6,848 76.89%	6,046 74.36%	4,524 68.80%	4,935 69.19%	7,927 75.48%	7,262 74.60%	6,743 72.69%
All other	2,516 20.90%	2,395 21.43%	2,249 21.97%	1,826 20.81%	1,023 17.67%	714 16.58%	2,029 21.47%	2,058 23.11%	2,085 25.64%	1,110 16.88%	1,181 16.56%	2,575 24.52%	2,473 25.40%	2,533 27.31%
United Kingdom	—	—	—	—	—	—	—	—	—	942 14.32%	1,017 14.26%	—	—	—
Revenue	12,039	11,174	10,235	8,773	5,788	4,307	9,452	8,906	8,131	6,576	7,133	10,502	9,735	9,276

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

Figure	Quarter	Latest	A year before	Change
Development pipeline hotels	Q3 FY2026	3.9K	3.6K	+6.06%
Development pipeline rooms	Q3 FY2026	543.1K	515.4K	+5.37%
Net unit growth	Q3 FY2026	6.00%	6.50%	—
Net unit growth	Q3 FY2026	23.0K	23.2K	−0.86%
New hotels opened	Q3 FY2026	182.00	199.00	−8.54%
Rooms added to development pipeline	Q3 FY2026	30.5K	33.0K	−7.58%
Rooms opened	Q3 FY2026	27.0K	24.8K	+8.87%
System-wide comparable RevPAR increase	Q3 FY2026	5.80%	—	—
Total hotel rooms	Q3 FY2026	1.4M	1.3M	+5.87%
Total hotels	Q3 FY2026	9.5K	8.9K	+6.83%

	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
Development pipeline hotels	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Development pipeline rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net unit growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net unit growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
New hotels opened	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rooms added to development pipeline	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rooms opened	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
System-wide comparable RevPAR increase	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total hotel rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total hotels	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

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.