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Hilton Worldwide Holdings (HLT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Hilton Worldwide Holdings (HLT) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $3.3B · 16¢ of every $1 of revenue kept as net profit · operating margin 27.3%
Hilton Worldwide Holdings made $3.3B in Q3 2026 (+7% Y/Y): Reimbursement Revenue $2.0B, Total revenues excluding reimbursable revenues $1.4B. Operating margin 27.3%, net earnings $536M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.
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What changed this quarter
Revenue was $3.3B in Q3 2026, up 7% year over year and roughly flat from the previous quarter. Reimbursement Revenue was the largest line at 59% of revenue. Reimbursement Revenue added $0.13B year over year (up 7%), 63% of the total change. Ownership declined 6%.
Operating profit was $0.91B, a 27.3% margin (up 2.4 points year over year). Of the extra revenue versus Q3 2025, 64% reached operating profit, above the 25% margin then. Total costs grew 3% against revenue growth of 7%. The fastest-growing cost line was General & admin (+16%). Net earnings were $0.54B, up 28% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.72B (down 12% year over year), 135% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.03B left free cash flow of $0.69B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 27, 2026 | $3.3B | +7% | 27.3% | $536M | $721M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $3.3B | +6% | 25.7% | $482M | $472M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $2.9B | +9% | 23.1% | $383M | $618M |
| Q4 2025 | 10-K | Feb 11, 2026 | $3.1B | +11% | 19.5% | $298M | $203M |
| Q3 2025 | 10-Q | Oct 22, 2025 | $3.1B | +9% | 24.9% | $421M | $816M |
| Q2 2025 | 10-Q | Jul 23, 2025 | $3.1B | +6% | 24.8% | $442M | $658M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $2.7B | +5% | 19.9% | $300M | $452M |
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About Hilton Worldwide Holdings
Hilton is one of the largest global hospitality companies, with 9,158 properties comprising 1,351,351 rooms in 143 countries and territories as of December 31, 2025. Founded in 1919, Hilton has been an innovator in the industry for over 105 years, driven by the vision of founder Conrad Hilton "to fill the earth with the light and warmth of hospitality." Our premier brand portfolio includes luxury, lifestyle, full service, focused service and all-suites hotel brands, as well as timeshare brands. As of December 31, 2025, we had 243 million members in our award-winning guest loyalty program, Hilton Honors, an increase of 15 percent from December 31, 2024; refer to "—Our Brand Portfolio" and "—Our Guest Loyalty Program" below for additional information on our brands, including Hilton Honors.
In its own words, from its 10-K, filed Feb 11, 2026.
Hilton Worldwide Holdings against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +2%. Operating margin: 27.3% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
| TNL Travel & Leisure | Q3 2026 | $1.1B | +6% | 17.7% |
Source: Hilton Worldwide Holdings 10-Q on SEC EDGAR · CIK 1585689 · Hotels & Motels
13F: who owns HLT and who is buying
More on HLT
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Hilton Worldwide Holdings guidance history: guided vs reported
- Hilton Worldwide Holdings operating margin by quarter
- Hilton Worldwide Holdings net income by quarter
- Hilton Worldwide Holdings free cash flow by quarter
- Hilton Worldwide Holdings capital expenditures by quarter
- Hilton Worldwide Holdings Reimbursement Revenue revenue by quarter
- Hilton Worldwide Holdings Total revenues excluding reimbursable revenues revenue by quarter