Hilton Worldwide Holdings Inc. (HLT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.27	$2.29	+0.9%	—	$3.3B	—
Q1 26	$1.97	$2.01	+2.0%	—	$2.9B	—
Q4 25	$2.02	$2.08	+3.0%	—	$3.1B	—
Q3 25	$2.05	$2.11	+2.9%	—	$3.1B	—
Q2 25	$2.04	$2.2	+7.8%	—	$3.1B	—
Q1 25	$1.61	$1.72	+6.8%	—	$2.7B	—
Q4 24	$1.68	$1.76	+4.8%	—	$2.8B	—
Q3 24	$1.84	$1.92	+4.3%	—	$2.9B	—
Q2 24	$1.86	$1.91	+2.7%	—	$3B	—
Q1 24	$1.42	$1.53	+7.7%	—	$2.6B	—
Q4 23	$1.57	$1.68	+7.0%	—	$2.6B	—
Q3 23	$1.66	$1.67	+0.6%	—	$2.7B	—
Q2 23	$1.58	$1.63	+3.2%	—	$2.7B	—
Q1 23	$1.14	$1.24	+8.8%	—	$2.3B	—
Q4 22	$1.22	$1.59	+30.3%	—	$2.4B	—
Q3 22	$1.24	$1.31	+5.6%	—	$2.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.18	—	—	$12B	—
FY24	—	$6.2	—	—	$11.2B	—
FY23	—	$4.36	—	—	$10.2B	—
FY22	—	$4.56	—	—	$8.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.6B	$8.1B	$8.9B	$9.5B	$4.3B	$5.8B	$8.8B	$10.2B	$11.2B	$12B
YoY change	-7.81%	+23.6%	+9.53%	+6.13%	-54.4%	+34.4%	+51.6%	+16.7%	+9.17%	+7.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.6B	8.1B	8.9B	9.5B	4.3B	5.8B	8.8B	10.2B	11.2B	12B
Cost of revenue	4.9B	6.2B	6.7B	7B	3.7B	4.1B	6.1B	7.3B	8.1B	8.6B
Gross profit	1.7B	2B	2.3B	2.4B	583M	1.7B	2.7B	2.9B	3.1B	3.4B
Gross margin	25.7%	24.1%	25.3%	25.8%	13.5%	28.6%	30.8%	28.6%	27.4%	28.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	409M	439M	443M	441M	311M	405M	382M	408M	415M	393M
Operating expenses	475M	495M	494M	513M	371M	450M	442M	520M	552M	525M
Operating income	860M	1.1B	1.4B	1.6B	-119M	1B	2.1B	2.3B	2.4B	2.7B
Operating margin	13.1%	13.9%	16.1%	16.7%	-2.76%	17.6%	23.9%	22.1%	21.2%	22.4%
Non-operating income, net	14M	-28M	17M	82M	-376M	-60M	55M	-107M	-13M	-1M
Pretax income	540M	753M	1.1B	1.2B	-924M	560M	1.7B	1.7B	1.8B	2.1B
Income tax	557M	-336M	309M	358M	-204M	153M	477M	541M	244M	611M
Net income	354M	1.1B	769M	886M	-720M	407M	1.3B	1.2B	1.5B	1.5B
Net margin	5.38%	13.4%	8.63%	9.37%	-16.7%	7.03%	14.3%	11.2%	13.8%	12.1%
EBITDA	1.6B	1.5B	1.8B	1.9B	210M	1.2B	2.3B	2.4B	2.5B	2.9B
EPS	1.06	3.34	2.53	3.07	-2.58	1.47	4.56	4.36	6.2	6.18
Diluted EPS	1.05	3.32	2.5	3.04	-2.58	1.46	4.53	4.33	6.14	6.12

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.7B	2.6B	2.6B	3B	2.9B	2.8B	2.7B	3.1B	3.1B	3.1B	2.9B	3.3B
Cost of revenue	1.9B	2B	1.9B	2B	2.1B	2.1B	2B	2.2B	2.2B	2.3B	2.1B	2.3B
Gross profit	815M	613M	696M	909M	789M	669M	697M	956M	941M	801M	853M	1.1B
Gross margin	30.5%	23.5%	27.1%	30.8%	27.5%	24%	25.9%	30.5%	30.2%	25.9%	29%	31.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	96M	110M	104M	113M	101M	97M	94M	109M	95M	95M	103M	114M
Operating expenses	122M	142M	134M	150M	127M	141M	120M	135M	118M	152M	125M	160M
Operating income	653M	438M	526M	725M	625M	489M	536M	778M	777M	602M	678M	858M
Operating margin	24.4%	16.8%	20.4%	24.6%	21.8%	17.6%	19.9%	24.8%	24.9%	19.5%	23.1%	25.7%
Non-operating income, net	8M	-40M	-30M	7M	6M	4M	19M	2M	-14M	-8M	2M	5M
Pretax income	548M	274M	365M	591M	491M	336M	410M	629M	604M	429M	518M	680M
Income tax	169M	124M	97M	169M	147M	-169M	110M	187M	183M	131M	135M	198M
Net income	379M	150M	268M	422M	344M	505M	300M	442M	421M	298M	383M	482M
Net margin	14.2%	5.75%	10.4%	14.3%	12%	18.1%	11.1%	14.1%	13.5%	9.65%	13%	14.4%
EBITDA	708M	472M	526M	767M	673M	539M	594M	824M	818M	644M	735M	919M
EPS	1.45	0.58	1.05	1.69	1.4	2.08	1.25	1.85	1.79	1.28	1.68	2.12
Diluted EPS	1.44	0.57	1.04	1.67	1.38	2.06	1.23	1.84	1.78	1.27	1.66	2.1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	18.4B	25.9B	21.7B	31.8B	30.8B	43.5B	34.7B	47.7B	61.3B	67.8B	72.1B
Enterprise value	23.9B	31.9B	28.6B	40.5B	39.2B	51.9B	43.2B	57B	72B	80B	83.7B
Shares outstanding	329M	324M	302M	287M	277M	279M	275M	262M	248M	236M	236M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	51.9	23.8	28.2	35.9	—	106.9	27.6	41.4	39.8	46.4	47
P/S	2.79	3.18	2.43	3.37	7.16	7.52	3.96	4.66	5.49	5.63	14.1
P/B	3.14	15.3	38.9	-67.4	-20.7	-53.1	-31.6	-20.3	-16.6	-12.7	-11.6
EV/EBITDA	15.4	21.3	16	21	186.8	42.2	18.7	24.2	28.7	27.8	27.1
EV/Sales	3.64	3.92	3.21	4.28	9.11	8.96	4.93	5.57	6.44	6.64	16.4
Earnings yield	1.93%	4.21%	3.55%	2.78%	—	0.94%	3.62%	2.41%	2.51%	2.16%	2.13%
FCF yield	4.97%	2.77%	5.05%	3.7%	2%	0.07%	4.54%	3.56%	2.96%	2.87%	1.93%
PEG	—	—	—	—	—	—	—	—	—	—	3.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.7%	24.1%	25.3%	25.8%	13.5%	28.6%	30.8%	28.6%	27.4%	28.2%	31.9%
Operating margin	13.1%	13.9%	16.1%	16.7%	-2.76%	17.6%	23.9%	22.1%	21.2%	22.4%	63%
Net margin	5.38%	13.4%	8.63%	9.37%	-16.7%	7.03%	14.3%	11.2%	13.8%	12.1%	31%
ROE	6.05%	64.4%	137.8%	-187.7%	48.5%	-49.7%	-114.5%	-49%	-41.7%	-27.3%	-27.3%
ROA	1.35%	7.65%	5.49%	5.92%	-4.3%	2.64%	8.1%	7.47%	9.31%	8.71%	11%
ROIC	0%	14.7%	13.7%	13.8%	-1.72%	9.82%	20.6%	22.1%	29.1%	27.8%	30.7%
Return on tangible assets	10.9%	-12.5%	-8.9%	-11.8%	14.2%	-6.39%	-19.9%	-16.8%	-24.1%	-21.5%	-23.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.33	0.82	0.76	0.73	1.73	0.95	0.85	0.7	0.7	0.66	0.65
Quick ratio	1.12	0.82	0.76	0.73	1.73	0.95	0.85	0.7	0.7	0.66	0.65
Debt / equity	1.13	3.9	13.1	-19.4	-7.83	-11.9	-8.83	-4.31	-3.25	-2.45	-0.02
Debt / assets	0.25	0.46	0.52	0.61	0.69	0.63	0.62	0.66	0.73	0.78	0.83
Net debt / EBITDA	3.57	4.03	3.85	4.48	40	6.8	3.68	3.95	4.27	4.23	4.18
Interest coverage	2.62	3.15	3.91	4	-1.15	2.41	5.18	4.65	4.13	4.34	4.33
Effective tax rate	100%	0%	28.7%	28.8%	0%	27.3%	27.5%	32%	13.7%	29.5%	29%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20	25.1	29.5	32.9	15.5	20.7	31.9	39.1	45.1	51	22.1
EPS (basic)	1.06	3.34	2.53	3.07	-2.58	1.47	4.56	4.36	6.2	6.18	6.18
EPS (diluted)	1.05	3.32	2.5	3.04	-2.58	1.46	4.53	4.33	6.14	6.12	6.81
Book value per share	17.8	5.22	1.85	-1.64	-5.36	-2.94	-3.99	-8.96	-14.9	-22.7	-27.9
FCF per share	2.77	2.21	3.63	4.11	2.22	0.11	5.74	6.48	7.32	8.24	8.47
Cash per share	3.23	1.76	1.33	1.87	11.6	5.11	4.4	3.05	5.25	3.89	4.48
Capex per share	—	—	—	—	—	—	—	—	—	0.78	0.74

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	1.54%	1.36%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	8.69%	8.06%
Payout ratio	78.2%	17.9%	23.5%	19.4%	-5.83%	0%	9.79%	13.7%	9.75%	9.79%	8.81%
Dividend yield	1.51%	0.75%	0.83%	0.54%	0.14%	0%	0.35%	0.33%	0.24%	0.21%	0.19%

Yield

0.19%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.15

ex-dividend Aug 21, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.15
May 22, 2026	$0.15
Feb 27, 2026	$0.15
Nov 21, 2025	$0.15
Aug 29, 2025	$0.15
May 23, 2025	$0.15
Feb 21, 2025	$0.15
Nov 15, 2024	$0.15

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.7B	$2.6B	$2.6B	$3B	$2.9B	$2.8B	$2.7B	$3.1B	$3.1B	$3.1B	$2.9B	$3.3B
YoY change	+12.9%	+6.75%	+12.2%	+10.9%	+7.26%	+6.67%	+4.74%	+6.3%	+8.82%	+10.9%	+8.98%	+6.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.1B	570M	403M	538M	3.2B	1.4B	1.2B	800M	1.3B	918M
Receivables	755M	1B	1.1B	1.3B	771M	1.1B	1.3B	1.5B	1.6B	1.7B
Inventory	541M	—	—	—	—	—	—	—	—	—
Total current assets	3.6B	2B	2B	2.1B	4.2B	2.9B	2.9B	2.6B	3.3B	3B
Property, plant & equipment	-43M	-75M	-24M	865M	737M	634M	587M	636M	610M	867M
Goodwill & intangibles	23B	22.9B	22.6B	22.5B	21.8B	21.8B	21.8B	22.3B	22.9B	23.6B
Total assets	26.2B	14.2B	14B	15B	16.8B	15.4B	15.5B	15.4B	16.5B	16.8B
Accounts payable	314M	282M	283M	303M	224M	274M	368M	457M	409M	376M
Short-term debt	33M	46M	16M	170M	226M	194M	151M	155M	652M	25M
Total current liabilities	2.7B	2.5B	2.6B	2.9B	2.4B	3B	3.4B	3.7B	4.7B	4.5B
Long-term debt	6.6B	6.6B	7.3B	9B	11.4B	9.6B	9.5B	10B	11.4B	13.1B
Total liabilities	20.4B	12.5B	13.4B	15.4B	18.2B	16.3B	16.6B	17.7B	20.2B	22.1B
Shareholders' equity	5.8B	1.7B	558M	-472M	-1.5B	-819M	-1.1B	-2.3B	-3.7B	-5.3B
Total debt	6.6B	6.6B	7.3B	9.2B	11.6B	9.8B	9.7B	10.1B	12B	13.1B
Net debt	5.6B	6B	6.9B	8.6B	8.4B	8.3B	8.5B	9.3B	10.7B	12.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	698M	800M	1.3B	731M	1.6B	1.3B	731M	371M	1.1B	918M	564M	1B
Receivables	1.4B	1.5B	1.5B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B	1.8B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.5B	2.6B	3.2B	2.7B	3.6B	3.3B	2.8B	2.5B	3.1B	3B	2.8B	3.3B
Property, plant & equipment	950M	636M	971M	988M	1B	610M	985M	1B	1B	867M	1.2B	1.2B
Goodwill & intangibles	22B	22.3B	22.3B	22.8B	23B	22.9B	23B	23.1B	23.4B	23.6B	23.5B	23.6B
Total assets	15.2B	15.4B	15.9B	15.7B	16.7B	16.5B	16B	15.9B	16.6B	16.8B	16.4B	16.9B
Accounts payable	—	457M	—	—	—	409M	—	—	—	376M	—	—
Short-term debt	37M	155M	38M	539M	538M	652M	535M	35M	35M	25M	25M	624M
Total current liabilities	3.6B	3.7B	3.8B	4.2B	4.5B	4.7B	4.8B	4.6B	4.7B	4.5B	4.6B	5.1B
Long-term debt	9.5B	10B	10.9B	10.4B	11.4B	11.4B	11.3B	11.7B	12.3B	13.1B	13B	13.4B
Total liabilities	17B	17.7B	18.7B	18.8B	20.1B	20.2B	20.4B	20.5B	21.5B	22.1B	22.3B	23.2B
Shareholders' equity	-1.8B	-2.3B	-2.8B	-3.1B	-3.4B	-3.7B	-4.3B	-4.5B	-4.9B	-5.3B	-5.9B	-6.3B
Total debt	9.5B	10.1B	10.9B	11B	12B	12B	11.9B	11.7B	12.4B	13.1B	13.1B	14B
Net debt	8.8B	9.3B	9.6B	10.2B	10.4B	10.7B	11.1B	11.3B	11.3B	12.2B	12.5B	13B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	354M	1.1B	769M	886M	-720M	407M	1.3B	1.2B	1.5B	1.5B
Depreciation & amortization	673M	336M	325M	346M	331M	188M	162M	147M	146M	177M
Stock-based compensation	91M	121M	127M	154M	97M	193M	162M	169M	176M	170M
Change in working capital	576M	91M	136M	132M	833M	-506M	192M	882M	571M	548M
Operating cash flow	1.3B	870M	1.3B	1.5B	315M	48M	1.7B	1.8B	2.1B	2.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	-185M
Investing cash flow	-25M	-14M	28M	82M	-12M	27M	-100M	-32M	-241M	-190M
Dividends paid	-277M	-195M	-181M	-172M	-42M	0	-123M	-158M	-150M	-143M
Share repurchases	0	-891M	-1.7B	-1.5B	-296M	0	-1.6B	-2.3B	-2.9B	-3.2B
Financing cash flow	-44M	-1.7B	-1.3B	-1.1B	2B	-1.8B	-1.8B	-2.1B	-1.1B	-2.4B
Net change in cash	1.2B	-868M	11M	409M	2.3B	-1.8B	-187M	-296M	694M	-485M
Free cash flow	912M	716M	1.1B	1.2B	616M	30M	1.6B	1.7B	1.8B	1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	379M	150M	268M	422M	344M	505M	300M	442M	421M	298M	383M	482M
Depreciation & amortization	40M	33M	36M	34M	37M	39M	41M	43M	46M	47M	50M	49M
Stock-based compensation	48M	36M	41M	55M	44M	36M	36M	55M	44M	35M	45M	61M
Change in working capital	—	440M	—	—	227M	283M	114M	143M	264M	-96M	171M	-90M
Operating cash flow	445M	307M	290M	478M	659M	585M	454M	658M	816M	203M	618M	472M
Capital expenditure	—	—	—	—	—	—	—	-43M	-50M	-52M	-31M	-37M
Investing cash flow	-11M	-9M	7M	-252M	-2M	0	-10M	-36M	-44M	-57M	-39M	-41M
Dividends paid	-39M	-38M	-39M	-37M	-37M	-37M	-37M	-36M	-35M	-35M	-35M	-34M
Share repurchases	-675M	-743M	-666M	-736M	-725M	-766M	-875M	-769M	-759M	-779M	-821M	-966M
Financing cash flow	-717M	-315M	218M	-771M	222M	-807M	-983M	-1B	-99M	-325M	-934M	-1.6B
Net change in cash	-283M	-17M	515M	-545M	879M	-222M	-539M	-395M	673M	-179M	-355M	-1.2B
Free cash flow	626M	395M	312M	383M	617M	503M	412M	615M	766M	151M	587M	435M

Hilton Worldwide Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement