Filing Flows › Hyatt Hotels (H) › Q1 2026
Hyatt Hotels (H) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Hyatt Hotels (H) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -2% from the quarter before. Operating margin was 3.3%, net earnings $38.0M (2.2% of revenue).
Hyatt Hotels, Q1 2026: revenue $1.7B (+2% year over year), operating margin 3.3%, net earnings $38.0M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -2% | +2% |
| Operating profit | $57.0M | +612% | +10% |
| Net earnings | $38.0M | — | +90% |
| Operating cash flow | $100M | -68% | -35% |
| Free cash flow | $77.0M | -67% | -37% |
What changed
Revenue was $1.7B in Q1 2026, up 2% year over year and down 2% from the previous quarter. Segment revenues was the largest line at 47% of revenue. Base management fees added $0.01B year over year (up 11%), 43% of the total change. Distribution declined 13%.
Operating profit was $0.06B, a 3.3% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 3% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.04B, up 90% year over year. The effective tax rate was 28.1%.
Operating cash flow was $0.10B (down 35% year over year), 244% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.02B left free cash flow of $0.08B.
Questions
What was Hyatt Hotels' revenue in the first quarter 2026?
Hyatt Hotels (H) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -2% from the quarter before.
Was Hyatt Hotels profitable in the first quarter 2026?
Operating profit was $57.0M (3.3% of revenue) and net earnings $38.0M.
Source: Hyatt Hotels 10-Q on SEC EDGAR.