Jun 2026 (Q2 FY26) — Jul 28, 2026
Hilton Q2 FY26 — Strong RevPAR, Record Pipeline, and Owner Profitability Initiatives
Read the full callHilton (HLT) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Hilton earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,341 | +6.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 25.7 | +0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 482 | +9.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
36 of 40 judged targets kept · 30 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS | $2.18 to $2.24 | Mar 2026 | For the quarter, diluted earnings per share adjusted for special items was $2.29. | Achieved |
| Hilton app availability inside third-party AI assistants | opening our app within their environment in the next couple of weeks | Mar 2026 | Ghosted | |
| Full-year adjusted diluted EPS | $8.65 to $8.77 | Dec 2025 | diluted EPS adjusted for special items of between $8.89 and $9.01 | Revised Up |
4 of Hilton Worldwide Holdings Inc.'s 70 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 67 more targets are in the full ledger.
Claimed
- System-wide RevPAR increased 3.9% year-over-year, exceeding expectations.
- Adjusted EBITDA reached $1.054 billion, up 4.6% YoY and exceeding the high-end of guidance.
- Signed approximately 43,000 rooms, the second largest quarterly signings in history, contributing to a record pipeline of 541,000 rooms.
- Net unit growth was 6.1% in Q2, with expectations of 6%-7% for the full year.
- Launched owner profitability initiatives, including loyalty fee reductions and the RISE program, expected to improve owner margins by 75-100 basis points.
Qualified
- Middle East and Africa RevPAR decreased approximately 30% year-over-year due to conflict, impacting full-year RevPAR by 0.5 percentage points and EBITDA by over $20 million.
- China RevPAR decreased 2.2% in the quarter, driven by a decline in Group Travel due to government restrictions.
- Significant renovations in the ownership portfolio are expected to impact full-year EBITDA by $20 million to $25 million.
- Leisure transient RevPAR growth was 1.6%, impacted by unfavorable holiday shifts and Middle East conflict.
Price
$346.04 +0.27% · +$0.92
Performance +33.0% 1Y
1Y: $260.27 on 17 Oct 2025 → $346.04. High $350.22 (16 Jun 2026), low $256.96 (31 Oct 2025).
- Previous close
- $345.12
- 52-week range
- $256.96 – $350.22
- One year
- +32.56%
Overview
- Symbol
- HLT
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
36 of 40 judged targets kept · 30 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS | $2.18 to $2.24 | Mar 2026 | For the quarter, diluted earnings per share adjusted for special items was $2.29. | Achieved |
| Hilton app availability inside third-party AI assistants | opening our app within their environment in the next couple of weeks | Mar 2026 | Ghosted | |
| Full-year adjusted diluted EPS | $8.65 to $8.77 | Dec 2025 | diluted EPS adjusted for special items of between $8.89 and $9.01 | Revised Up |
Claimed
- System-wide RevPAR increased 3.9% year-over-year, exceeding expectations.
- Adjusted EBITDA reached $1.054 billion, up 4.6% YoY and exceeding the high-end of guidance.
- Signed approximately 43,000 rooms, the second largest quarterly signings in history, contributing to a record pipeline of 541,000 rooms.
- Net unit growth was 6.1% in Q2, with expectations of 6%-7% for the full year.
- Launched owner profitability initiatives, including loyalty fee reductions and the RISE program, expected to improve owner margins by 75-100 basis points.
Qualified
- Middle East and Africa RevPAR decreased approximately 30% year-over-year due to conflict, impacting full-year RevPAR by 0.5 percentage points and EBITDA by over $20 million.
- China RevPAR decreased 2.2% in the quarter, driven by a decline in Group Travel due to government restrictions.
- Significant renovations in the ownership portfolio are expected to impact full-year EBITDA by $20 million to $25 million.
- Leisure transient RevPAR growth was 1.6%, impacted by unfavorable holiday shifts and Middle East conflict.
The full ledger
Open Hilton Worldwide Holdings Inc.’s full ledger
A free account opens 5 company ledgers a month. All 70 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Hilton Q1 FY26 — Strong RevPAR and Net Unit Growth Drive Top and Bottom Line Beat
Read the full callDec 2025 (Q4 FY25) — Feb 11, 2026
Hilton Q4 FY25 — Record Pipeline & Shareholder Returns Drive Optimistic FY26 Outlook
Read the full callEvery analysed call
Hilton earnings calls (HLT)
Financials
What the filings say
Net profit, year on year: +10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,867 | 2,783 | 2,695 | 3,137 | 3,120 | 3,087 | 2,937 | 3,341 |
| Expenses | 2,242 | 2,294 | 2,159 | 2,359 | 2,343 | 2,485 | 2,259 | 2,483 |
| Operating profit | 623 | 489 | 536 | 778 | 777 | 602 | 678 | 858 |
| Operating margin | 21.7% | 17.6% | 19.9% | 24.8% | 24.9% | 19.5% | 23.1% | 25.7% |
| Interest | 140 | 157 | 145 | 151 | 159 | 165 | 162 | 183 |
| Profit before tax | 491 | 336 | 410 | 629 | 604 | 429 | 518 | 680 |
| Tax rate | 29.9% | −50.3% | 26.8% | 29.7% | 30.3% | 30.5% | 26.1% | 29.1% |
| Net profit | 344 | 505 | 300 | 440 | 420 | 297 | 385 | 482 |
| EPS ($ per share) | 1.40 | — | 1.25 | 1.85 | 1.79 | — | 1.68 | 2.12 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -6,417 | -5,965 | -6,732 | -6,322 | -5,190 | -4,207 | -2,822 | -1,508 |
| Total liabilities | 13,437 | 15,429 | 18,241 | 16,260 | 16,610 | 17,748 | 20,211 | 22,120 |
| Fixed assets | 367 | 380 | 346 | 305 | 280 | 382 | 411 | 684 |
| Total assets | 13,995 | 14,957 | 16,755 | 15,441 | 15,512 | 15,401 | 16,522 | 16,774 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,255 | 1,384 | 708 | 109 | 1,681 | 1,946 | 2,013 | 2,129 |
| Cash from investing | -131 | -123 | -107 | -57 | -123 | -305 | -446 | -190 |
| Cash from financing | -1,300 | -1,113 | 2,032 | -1,793 | -1,765 | -2,040 | -1,045 | -2,348 |
| Net cash flow | -186 | 146 | 2,633 | -1,751 | -226 | -411 | 501 | -406 |
| Capital expenditure | -72 | -81 | -46 | -35 | -39 | -151 | -96 | -101 |
| Free cash flow | 1,183 | 1,303 | 662 | 74 | 1,642 | 1,795 | 1,917 | 2,028 |
HLT revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Management and Franchise | 30% | — | 30% | 30% | 30% | — | 30% | 30% | +7.2% |
| Ownership | 12% | 12% | 9% | 11% | 10% | 11% | 8% | 9% | -6.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
HLT operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Development pipeline rooms | 503K+In addition to strong openings, we continued to grow our development pipeline, which ended the quarter with more than 503,000 rooms, representing an increase of 7% year-over-year and continued sequential quarterly growth.Source: earnings call transcript | 520K+Even with robust openings in the fourth quarter, our pipeline reached the highest level in our history, surpassing 520,000 rooms, reflecting both year-over-year and sequential growth, driven by expansion across strategic markets and brand categories.Source: earnings call transcript | 527KOur pipeline now stands at a record 527,000 rooms and includes brand [indiscernible] in more than 25 new countries with Hilton representing only 5.5% of global hotel supply and over 20% of rooms under construction, we have tremendous opportunity to grow our market share from here.Source: earnings call transcript | 541KOur pipeline now stands at a record 541,000 rooms spanning more than 130 countries.Source: earnings call transcript | +2.7% |
| New stores opened | — | <200During the fourth quarter, we opened nearly 200 hotels totaling nearly 26,000 rooms.Source: earnings call transcript | 131During the first quarter, we opened 131 hotels totaling over 16,000 rooms representing our second strongest, first quarter for hotel openings in our history.Source: earnings call transcript | — | — |
| Rooms Openings | 20K+During the quarter, we opened 186 hotels totaling more than 20,000 rooms, representing a 20% year-over-year increase, and achieved net unit growth of 7.2%.Source: earnings call transcript | <26KDuring the fourth quarter, we opened nearly 200 hotels totaling nearly 26,000 rooms.Source: earnings call transcript | 16K+During the first quarter, we opened 131 hotels totaling over 16,000 rooms representing our second strongest, first quarter for hotel openings in our history.Source: earnings call transcript | 24K+We had a strong quarter, opening more than 200 hotels totaling over 24,000 rooms, up 50% from the first quarter more than 20% of total openings were Luxury and Lifestyle hotels, including the opening of Conrad Athens, which marked the debut of our Conrad brand in Greece.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
71 filings between Dec 29, 2025 and Sep 30, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$38.68M
7 sales by 3 insiders
Compensation
not trading decisions- 54
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| NASSETTA CHRISTOPHER J | — | $36.28M | Feb 17, 2026 |
| Fuentes Laura | — | $2.26M | Sep 14, 2026 |
| Carr Chris | — | $136.2K | Sep 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | MAYER MARISSA A Director | Award | 1 | $0 |
| Sep 30, 2026 | Healey Melanie Director | Award | 6 | $0 |
| Sep 30, 2026 | STEENLAND DOUGLAS M Director | Award | 9 | $0 |
| Sep 30, 2026 | Carr Chris Director | Award | 3 | $0 |
| Sep 30, 2026 | SMITH ELIZABETH A Director | Award | 9 | $0 |
| Sep 30, 2026 | Mabus Raymond E Director | Award | 6 | $0 |
| Sep 30, 2026 | GRAY JONATHAN Director | Award | 4 | $0 |
| Sep 30, 2026 | BEGLEY CHARLENE T Director | Award | 6 | $0 |
| Sep 14, 2026 | Fuentes Laura See Remarks | Sale | 4,396 | $1.36M |
| Sep 14, 2026 | Fuentes Laura See Remarks | Option exercise | 4,888 | $387.9K |
| Sep 14, 2026 | Fuentes Laura See Remarks | Option exercise | 7,936 | $460.4K |
| Sep 14, 2026 | Fuentes Laura See Remarks | Sale | 2,893 | $896.3K |
| Sep 14, 2026 | Carr Chris Director | Sale | 439 | $136.2K |
| Aug 5, 2026 | Charnaux Christian H. See remarks | Tax withheld | 1,854 | $601.7K |
| Jun 30, 2026 | Healey Melanie Director | Award | 6 | $0 |
| Jun 30, 2026 | SMITH ELIZABETH A Director | Award | 8 | $0 |
| Jun 30, 2026 | Mabus Raymond E Director | Award | 5 | $0 |
| Jun 30, 2026 | BEGLEY CHARLENE T Director | Award | 6 | $0 |
| Jun 30, 2026 | GRAY JONATHAN Director | Award | 4 | $0 |
| Jun 30, 2026 | STEENLAND DOUGLAS M Director | Award | 9 | $0 |
| Jun 30, 2026 | Carr Chris Director | Award | 3 | $0 |
| Jun 30, 2026 | MAYER MARISSA A Director | Award | 1 | $0 |
| May 14, 2026 | Healey Melanie Director | Award | 742 | $0 |
| May 14, 2026 | Mabus Raymond E Director | Award | 742 | $0 |
| May 14, 2026 | STEENLAND DOUGLAS M Director | Award | 742 | $0 |
| May 14, 2026 | BEGLEY CHARLENE T Director | Award | 742 | $0 |
| May 14, 2026 | MAYER MARISSA A Director | Award | 742 | $0 |
| May 14, 2026 | SMITH ELIZABETH A Director | Award | 742 | $0 |
| May 14, 2026 | Carr Chris Director | Award | 742 | $0 |
| May 14, 2026 | GRAY JONATHAN Director | Award | 742 | $0 |
| May 1, 2026 | SMITH ELIZABETH A Director | Award | 145 | $0 |
| May 1, 2026 | GRAY JONATHAN Director | Award | 104 | $0 |
| May 1, 2026 | MAYER MARISSA A Director | Award | 115 | $0 |
| Apr 3, 2026 | Krass Caroline See remarks | Tax withheld | 778 | $237.3K |
| Mar 31, 2026 | MAYER MARISSA A Director | Award | 0 | $0 |
| Mar 31, 2026 | BEGLEY CHARLENE T Director | Award | 7 | $0 |
| Mar 31, 2026 | Carr Chris Director | Award | 3 | $0 |
| Mar 31, 2026 | GRAY JONATHAN Director | Award | 4 | $0 |
| Mar 31, 2026 | Healey Melanie Director | Award | 7 | $0 |
| Mar 31, 2026 | Mabus Raymond E Director | Award | 6 | $0 |
| Mar 31, 2026 | STEENLAND DOUGLAS M Director | Award | 9 | $0 |
| Mar 31, 2026 | SMITH ELIZABETH A Director | Award | 9 | $0 |
| Mar 3, 2026 | Jacobs Kevin J See Remarks | Tax withheld | 16,414 | $5.02M |
| Mar 3, 2026 | NASSETTA CHRISTOPHER J See Remarks | Tax withheld | 50,678 | $15.50M |
| Mar 3, 2026 | Silcock Christopher W See Remarks | Tax withheld | 8,764 | $2.68M |
| Mar 3, 2026 | Moylan Misha See Remarks | Tax withheld | 204 | $62.4K |
| Mar 3, 2026 | Fuentes Laura See Remarks | Tax withheld | 5,212 | $1.59M |
| Feb 25, 2026 | Krass Caroline See remarks | Award | 2,229 | $0 |
| Feb 25, 2026 | Silcock Christopher W See Remarks | Award | 4,122 | $0 |
| Feb 25, 2026 | Charnaux Christian H. See remarks | Award | 2,229 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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