Filing Flows › Hilton Worldwide Holdings (HLT) › Q1 2026
Hilton Worldwide Holdings (HLT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Hilton Worldwide Holdings (HLT) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +9% from a year earlier and -5% from the quarter before. Operating margin was 23.1%, net earnings $383M (13.0% of revenue).
Hilton Worldwide Holdings, Q1 2026: revenue $2.9B (+9% year over year), operating margin 23.1%, net earnings $383M, operating cash flow $618M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -5% | +9% |
| Operating profit | $678M | +13% | +26% |
| Net earnings | $383M | +29% | +28% |
| Operating cash flow | $618M | +204% | +37% |
| Free cash flow | $609M | +252% | +41% |
What changed
Revenue was $2.9B in Q1 2026, up 9% year over year and down 5% from the previous quarter. Reimbursement Revenue was the largest line at 60% of revenue. Reimbursement Revenue added $0.12B year over year (up 8%), 52% of the total change.
Operating profit was $0.68B, a 23.1% margin (up 3.2 points year over year). Of the extra revenue versus Q1 2025, 59% reached operating profit, above the 20% margin then. Total costs grew 5% against revenue growth of 9%. Net earnings were $0.39B, up 28% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.62B (up 37% year over year), 161% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.01B left free cash flow of $0.61B.
Questions
What was Hilton Worldwide Holdings' revenue in the first quarter 2026?
Hilton Worldwide Holdings (HLT) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +9% from a year earlier and -5% from the quarter before.
Was Hilton Worldwide Holdings profitable in the first quarter 2026?
Operating profit was $678M (23.1% of revenue) and net earnings $383M.