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Hyatt Hotels (H) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Hyatt Hotels (H) Q3 2026 earnings results →

Q3 2026 Revenue down 2% year over year to $1.7B · 3¢ of every $1 of revenue kept as net profit · operating margin 4.5%

Hyatt Hotels made $1.7B in Q3 2026 (-2% Y/Y): Segment revenues $766M, Net fees $308M, Owned and leased $271M. Operating margin 4.5%, net earnings $58.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$1.7B
Year over year-2%
Operating margin4.5%
Net earnings$58.0M
Operating cash flow−$135M

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Hyatt Hotels Q3 2026 revenue breakdown: Sankey diagram of revenue (Segment revenues, Net fees, Owned and leased, Distribution), costs, profit and cash flow
Hyatt Hotels Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.7B in Q3 2026, down 2% year over year and down 5% from the previous quarter. Segment revenues was the largest line at 44% of revenue. Owned and leased lost $0.16B year over year (down 37%), 367% of the total change.

Operating profit was $0.08B, a 4.5% margin (up 5.5 points year over year). Total costs fell 8% while revenue fell 2%. Net earnings were $0.06B. The effective tax rate was 22.8%.

Operating cash flow was −$0.14B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.28B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.16B.

Quarterly history

Hyatt Hotels revenue by quarterHyatt Hotels revenue by quarter$1.7BQ1 2025$1.8BQ2 2025$1.8BQ3 2025$1.8BQ4 2025$1.7BQ1 2026$1.8BQ2 2026$1.7BQ3 2026
Hyatt Hotels net earnings by quarterHyatt Hotels net earnings by quarter$20.0MQ1 2025−$4.0MQ2 2025−$50.0MQ3 2025−$19.0MQ4 2025$38.0MQ1 2026$110MQ2 2026$58.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$1.7B-2%4.5%$58.0M−$135M
Q2 202610-QJul 30, 2026$1.8B+1%10.0%$110M$50.0M
Q1 202610-QApr 30, 2026$1.7B+2%3.3%$38.0M$100M
Q4 202510-KFeb 13, 2026$1.8B+12%0.4%−$19.0M$313M
Q3 202510-QNov 6, 2025$1.8B+10%-1.0%−$50.0M−$20.0M
Q2 202510-QAug 8, 2025$1.8B+6%2.1%−$4.0M−$67.0M
Q1 202510-QMay 1, 2025$1.7B+0.2%3.0%$20.0M$153M

Charts

Hyatt Hotels: revenue growth, year over year and quarter over quarterHyatt Hotels: revenue growth, year over year and quarter over quarterY/YQ/Q+0%Q1 2025+6%+5%Q2 2025+10%-1%Q3 2025+12%+0%Q4 2025+2%-2%Q1 2026+1%+5%Q2 2026-2%-5%Q3 2026
Latest (Q3 2026): Y/Y -2%, Q/Q -5%.
Hyatt Hotels: where the cash came from (+) and went (−), TTM to Q3 2026Hyatt Hotels: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$1.6BOther financing−$1.6BBuybacks−$408MOperating cash flow$328MCash drawn (+) / kept (−)$242MCapital spending−$144MDividends−$56.0MNot reconciled$50.0MTaxes on employees’ shares−$35.0MAcquisitions−$8.0MExchange rates$4.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Hyatt Hotels: profit against cash, quarter by quarterHyatt Hotels: profit against cash, quarter by quarterNet incomeOperating cash flow−$56.0M$235MQ4 2024$24.0M$153MQ1 2025−$4.0M−$67.0MQ2 2025−$50.0M−$20.0MQ3 2025−$19.0M$313MQ4 2025$41.0M$100MQ1 2026$109M$50.0MQ2 2026$61.0M−$135MQ3 2026
Latest (Q3 2026): Net income $61.0M, Operating cash flow −$135M.
Hyatt Hotels: diluted shares by fiscal yearHyatt Hotels: diluted shares by fiscal year101MFY2020104MFY2021111MFY2022108MFY2023102MFY202496MFY2025
-5.7% since FY2020: buybacks shrank the count.
Hyatt Hotels: long-term debt falling due (FY2025)Hyatt Hotels: long-term debt falling due (FY2025)$4.0M2026$604M2027$903M2028$654M2029$444M2030$1.7BLater
Cash $787M, short-term investments $26.0M, long-term debt $4.3B at 2025-12-31.
Hyatt Hotels in its industry: growth against margin (22 companies, SIC 7011)Hyatt Hotels in its industry: growth against margin (22 companies, SIC 7011)revenue growth, year over year →↑ operating marginmedian +2%median 11%MARMGMHLTLVSCZRPENNWYNNTNLBYDBALYPKRRRCHHWHXHRSHOCNTYMCRIFLLBally's Chicago, Inc.HIGRH (-2%, 4%)
Hotels & Motels; dot size is quarterly revenue; dashed lines are the industry's medians.

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About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company with widely recognized, industry-leading brands and a tradition of innovation developed over our almost 70-year history. Hyatt's portfolio of properties consists of full service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. We also offer distribution and destination management services through ALG Vacations and distribution services through Mr & Mrs Smith, a boutique and luxury global travel platform. On June 17, 2025, we completed the acquisition of Playa Hotels & Resorts N.V. ("Playa Hotels" or the "Playa Hotels Acquisition"), a leading owner, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica.

In its own words, from its 10-K, filed Feb 13, 2026.

Hyatt Hotels against its Hotels & Motels peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +2%. Operating margin: 4.5% against the peers' median 15.5%.

CompanyQuarterRevenueY/YOp. margin
H Hyatt HotelsQ3 2026$1.7B-2%4.5%
MAR Marriott InternationalQ3 2026$7.0B+8%18.2%
MGM MGM Resorts InternationalQ3 2026$4.2B-0.9%2.8%
HLT Hilton Worldwide HoldingsQ3 2026$3.3B+7%27.3%
LVS Las Vegas SandsQ3 2026$3.2B-4%19.2%
CZR Caesars EntertainmentQ3 2026$2.9B+2%15.5%
PENN Penn EntertainmentQ3 2026$1.8B+7%6.9%
WYNN Wynn ResortsQ3 2026$1.7B-8%10.6%
TNL Travel & LeisureQ3 2026$1.1B+6%17.7%

Source: Hyatt Hotels 10-Q on SEC EDGAR · CIK 1468174 · Hotels & Motels

13F: who owns H and who is buying

Largest holders of H (13F)Largest holders of H (13F)Bamco$1.4BPrincipal Financial Group$859MBlackRock$829MVanguard Group$605MWellington Management Group LLP$548MMassachusetts Financial Services$531MVanguard Capital Management LLC$346MVanguard Portfolio Management LLC$337MMorgan Stanley$305MState Street$277M
Funds' net buying of H by quarter (13F)Funds' net buying of H by quarter (13F)−$114M2024-09−$35.4M2024-12$199M2025-03$687M2025-06$83.7M2025-09−$103M2025-12−$283M2026-03−$292M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on H

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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