Filing Flows › Hyatt Hotels (H) › Q2 2026
Hyatt Hotels (H) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Hyatt Hotels (H) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +5% from the quarter before. Operating margin was 10.0%, net earnings $110M (6.0% of revenue).
Hyatt Hotels, Q2 2026: revenue $1.8B (+1% year over year), operating margin 10.0%, net earnings $110M, operating cash flow $50.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +5% | +1% |
| Operating profit | $182M | +219% | +379% |
| Net earnings | $110M | +189% | — |
| Operating cash flow | $50.0M | -50% | — |
| Free cash flow | $28.0M | -64% | — |
What changed
Revenue was $1.8B in Q2 2026, up 1% year over year and up 5% from the previous quarter. Segment revenues was the largest line at 45% of revenue. Net fees added $0.02B year over year (up 7%), 100% of the total change. Rooms and packages declined 15%.
Operating profit was $0.18B, a 10.0% margin (up 7.8 points year over year). Of the extra revenue versus Q2 2025, 686% reached operating profit, above the 2% margin then. Total costs fell 7% while revenue rose 1%. The fastest-growing cost line was General & admin (+18%). Net earnings were $0.11B. The effective tax rate was 40.1%.
Operating cash flow was $0.05B, 46% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.02B left free cash flow of $0.03B.
Questions
What was Hyatt Hotels' revenue in the second quarter 2026?
Hyatt Hotels (H) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +5% from the quarter before.
Was Hyatt Hotels profitable in the second quarter 2026?
Operating profit was $182M (10.0% of revenue) and net earnings $110M.
Source: Hyatt Hotels 10-Q on SEC EDGAR.