Hilton Worldwide

HLT · Consumer Discretionary · Market cap $72.5B

Q2 FY26 Jun 30, 2026 reported Jul 28, 2026

Revenue$3.3B +7% year over year

Gross profit$1B

Operating profit$0.9B

Net profit$0.5B 14% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.3	100%	+7%
Reimbursement Revenue	2	61%	+9%
Franchise and licensingfees	0.8	24%	+8%
Ownership	0.3	9%	−6%
Management Service Base	0.1	3%	+2%
Hotel Other	0.1	3%	−6%
Management Service Incentive	0.1	3%	−8%
Cost of revenue	−2.3	70%
Gross profit	1	31% margin	+1pp
G&A	−0.2	3%	+0pp
Other	−0	1%	+0pp
Operating profit	0.9	26% margin	+1pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.5	14%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.9	100%	+9%
Reimbursement Revenue	1.8	62%	+8%
Franchise and licensingfees	0.7	24%	+11%
Ownership	0.2	7%	+6%
Management Service Base	0.1	3%	+8%
Management Service Incentive	0.1	3%	+6%
Hotel Other	0.1	3%	+43%
Cost of revenue	−2.1	72%
Gross profit	0.8	28% margin	+3pp
G&A	−0.1	4%	+0pp
Other	−0.1	2%	+0pp
Operating profit	0.7	23% margin	+3pp
Tax	−0.1
Interest & other costs	−0.2
Net profit	0.4	13%	+2pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.1	100%	+11%
Reimbursement Revenue	1.8	58%	+14%
Franchise and licensingfees	0.7	23%	+5%
Ownership	0.3	10%	+4%
Management Service Incentive	0.1	3%	+17%
Management Service Base	0.1	3%	+20%
Hotel Other	0.1	3%	+23%
Cost of revenue	−2.3	74%
Gross profit	0.7	24% margin	+2pp
G&A	−0.1	3%	+0pp
Other	−0	2%	+0pp
Operating profit	0.6	20% margin	+2pp
Tax	−0.1
Interest & other costs	−0.2
Net profit	0.3	10%	−9pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.1	100%	+9%
Reimbursement Revenue	1.8	58%	+13%
Franchise and licensingfees	0.7	23%	+6%
Ownership	0.3	10%	−2%
Management Service Base	0.1	3%	+6%
Management Service Incentive	0.1	3%	−2%
Hotel Other	0.1	3%	+10%
Cost of revenue	−2.2	71%
Gross profit	0.9	29% margin	+3pp
G&A	−0.1	3%	+0pp
Other	−0	1%	+0pp
Operating profit	0.8	25% margin	+3pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.4	13%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 28, 2026	$3.3B	+7%	27%	$0.5B	14%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 28, 2026	$2.9B	+9%	24%	$0.4B	13%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 11, 2026	$3.1B	+11%	19%	$0.3B	10%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 22, 2025	$3.1B	+9%	26%	$0.4B	13%