Filing Flows › Hyatt Hotels (H) › Q2 2025
Hyatt Hotels (H) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Hyatt Hotels (H) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +5% from the quarter before. Operating margin was 2.1%, net loss $4.0M (0.2% of revenue).
Hyatt Hotels, Q2 2025: revenue $1.8B (+6% year over year), operating margin 2.1%, net loss $4.0M, operating cash flow −$67.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +5% | +6% |
| Operating profit | $38.0M | -27% | — |
| Net earnings | −$4.0M | -120% | — |
| Operating cash flow | −$67.0M | -144% | — |
What changed
Revenue was $1.8B in Q2 2025, up 6% year over year and up 5% from the previous quarter. Segment revenues was the largest line at 49% of revenue. Net fees added $0.03B year over year (up 10%), 26% of the total change. Food and beverage declined 35%.
Operating profit was $0.04B, a 2.1% margin (down 25.0 points year over year). Operating profit fell $0.42B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Total costs grew 43% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+44%). The quarter ended with a net loss of $4.0M, after a profit of $0.02B the previous quarter.
Operating cash flow was −$0.07B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Hyatt Hotels' revenue in the second quarter 2025?
Hyatt Hotels (H) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +5% from the quarter before.
Was Hyatt Hotels profitable in the second quarter 2025?
Operating profit was $38.0M (2.1% of revenue) and net loss $4.0M.
Source: Hyatt Hotels 10-Q on SEC EDGAR.