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How Hyatt Hotels (H) makes money
Hyatt Hotels (H) made $1.7B of revenue in the third quarter 2026 (Q3 2026), -21% from a year earlier. Segment revenues brought in $766M (44%); Net fees brought in $308M (18%); Owned and leased brought in $271M (16%). Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Segment revenues | $766M | 44.1% | — | -16% |
| Net fees | $308M | 17.7% | — | -30% |
| ↳ Rooms and packages | $191M | 11.0% | — | -43% |
| ↳ Base management fees | $117M | 6.7% | — | +9% |
| Owned and leased | $271M | 15.6% | — | -37% |
| Distribution | $168M | 9.7% | — | -12% |
| Franchise and other fees | $145M | 8.3% | — | +18% |
| Food and beverage | $48.0M | 2.8% | — | -11% |
| Other | $32.0M | 1.8% | — | -22% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100.0% |
| Operating profit | $79.0M | 4.5% |
| Income tax | $18.0M | 1.0% |
| Net earnings | $58.0M | 3.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.7B | -2% |
| Q2 2026 | $1.8B | +1% |
| Q1 2026 | $1.7B | +2% |
| Q4 2025 | $1.8B | +12% |
| Q3 2025 | $1.8B | +10% |
| Q2 2025 | $1.8B | +6% |
| Q1 2025 | $1.7B | +0.2% |
From Hyatt Hotels' 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Hyatt Hotels make money?
Hyatt Hotels (H) made $1.7B of revenue in the third quarter 2026 (Q3 2026), -21% from a year earlier. Segment revenues brought in $766M (44%); Net fees brought in $308M (18%); Owned and leased brought in $271M (16%). Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.
What is Hyatt Hotels' biggest business?
Segment revenues: $766M in the third quarter 2026, 44% of revenue, -16% from a year earlier.
What is Hyatt Hotels' profit margin?
Net earnings were $58.0M, 3.3% of revenue, in the third quarter 2026; the operating margin was 4.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.