Filing Flows › Hilton Worldwide Holdings (HLT) › Q2 2025
Hilton Worldwide Holdings (HLT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +16% from the quarter before. Operating margin was 24.8%, net earnings $442M (14.1% of revenue).
Hilton Worldwide Holdings, Q2 2025: revenue $3.1B (+6% year over year), operating margin 24.8%, net earnings $442M, operating cash flow $658M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +16% | +6% |
| Operating profit | $778M | +45% | +7% |
| Net earnings | $442M | +47% | +5% |
| Operating cash flow | $658M | +46% | +56% |
| Free cash flow | $635M | +47% | +56% |
What changed
Revenue was $3.1B in Q2 2025, up 6% year over year and up 16% from the previous quarter. Reimbursement Revenue was the largest line at 58% of revenue. Reimbursement Revenue added $0.12B year over year (up 7%), 63% of the total change. Ownership declined 1%.
Operating profit was $0.78B, a 24.8% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 25% margin then. Total costs grew 6% against revenue growth of 6%. Net earnings were $0.44B, up 5% year over year. The effective tax rate was 29.7%.
Operating cash flow was $0.66B (up 56% year over year), 149% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.02B left free cash flow of $0.64B.
Questions
What was Hilton Worldwide Holdings' revenue in the second quarter 2025?
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +16% from the quarter before.
Was Hilton Worldwide Holdings profitable in the second quarter 2025?
Operating profit was $778M (24.8% of revenue) and net earnings $442M.