Filing Flows › Hyatt Hotels (H) › Q3 2026 › vs Q3 2025
Hyatt Hotels (H) Q3 2026 vs Q3 2025 (year over year)
Hyatt Hotels's revenue fell $43.0M (-2%) from $1.8B in Q3 2025 to $1.7B in Q3 2026. The biggest changes: Owned and leased −$158M (-37%); Segment revenues −$151M (-16%); Net fees −$133M (-30%). Operating margin 4.5% against -1.0% (+5.5 pts).
Hyatt Hotels, Q3 2026: revenue $1.7B (-2% year over year), operating margin 4.5%, net earnings $58.0M, operating cash flow −$135M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | -1.0% | +5.5 pts |
| Net margin | 3.3% | -2.7% | +6.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rooms and packages | $191M | $334M | −$143M | -43% |
| Base management fees | $117M | $107M | $10.0M | +9% |
| Net fees | $308M | $441M | −$133M | -30% |
| Segment revenues | $766M | $917M | −$151M | -16% |
| Owned and leased | $271M | $429M | −$158M | -37% |
| Distribution | $168M | $192M | −$24.0M | -12% |
| Franchise and other fees | $145M | $123M | $22.0M | +18% |
| Food and beverage | $48.0M | $54.0M | −$6.0M | -11% |
| Other | $32.0M | $41.0M | −$9.0M | -22% |
| Revenue | $1.7B | $1.8B | −$43.0M | -2% |
| Operating profit | $79.0M | −$17.0M | $96.0M | — |
| Costs & expenses | $1.7B | $1.8B | −$139M | -8% |
| Pre-tax earnings | $79.0M | −$17.0M | $96.0M | — |
| General & admin | $102M | $138M | −$36.0M | -26% |
| Other operating costs | $1.6B | $1.7B | −$103M | -6% |
| Net earnings | $58.0M | −$49.0M | $107M | — |
| Minority interests | $3.0M | −$1.0M | $4.0M | — |
| Income tax | $18.0M | $33.0M | −$15.0M | -45% |
| Operating cash sources | $276M | $69.0M | $207M | +300% |
| Depreciation & amortization | $72.0M | $83.0M | −$11.0M | -13% |
| Share-based compensation | $11.0M | $15.0M | −$4.0M | -27% |
| Cash used in operations | $135M | $20.0M | $115M | +575% |
| Working capital & other | $276M | $69.0M | $207M | +300% |
Questions
How much did Hyatt Hotels's revenue grow year over year in Q3 2026?
Hyatt Hotels's revenue fell $43.0M (-2%) from $1.8B in Q3 2025 to $1.7B in Q3 2026.
What drove Hyatt Hotels's revenue change in Q3 2026?
Owned and leased −$158M (-37%); Segment revenues −$151M (-16%); Net fees −$133M (-30%).