Filing Flows › Hyatt Hotels (H) › Q4 2025
Hyatt Hotels (H) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Hyatt Hotels (H) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +0.2% from the quarter before. Operating margin was 0.4%, net loss $19.0M (1.1% of revenue).
Hyatt Hotels, Q4 2025: revenue $1.8B (+12% year over year), operating margin 0.4%, net loss $19.0M, operating cash flow $313M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +0.2% | +12% |
| Operating profit | $8.0M | — | — |
| Net earnings | −$19.0M | — | — |
| Operating cash flow | $313M | — | +33% |
| Free cash flow | $236M | — | +28% |
What changed
Revenue was $1.8B in Q4 2025, up 12% year over year and roughly flat from the previous quarter. Owned and leased was the largest line at 24% of revenue.
Operating profit was $0.01B, a 0.4% margin (up 3.4 points year over year). Total costs grew 8% against revenue growth of 12%. The quarter ended with a net loss of $0.02B, narrower than the previous quarter's $0.05B loss.
Operating cash flow was $0.31B (up 33% year over year). Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.08B left free cash flow of $0.24B.
Questions
What was Hyatt Hotels' revenue in the fourth quarter 2025?
Hyatt Hotels (H) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +0.2% from the quarter before.
Was Hyatt Hotels profitable in the fourth quarter 2025?
Operating profit was $8.0M (0.4% of revenue) and net loss $19.0M.
Source: Hyatt Hotels 10-K on SEC EDGAR.