Filing Flows › Hilton Worldwide Holdings (HLT) › Q2 2026
Hilton Worldwide Holdings (HLT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Hilton Worldwide Holdings (HLT) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +14% from the quarter before. Operating margin was 25.7%, net earnings $482M (14.4% of revenue).
Hilton Worldwide Holdings, Q2 2026: revenue $3.3B (+6% year over year), operating margin 25.7%, net earnings $482M, operating cash flow $472M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +14% | +7% |
| Operating profit | $858M | +27% | +10% |
| Net earnings | $482M | +26% | +9% |
| Operating cash flow | $472M | -24% | -28% |
| Free cash flow | $460M | -24% | -28% |
What changed
Revenue was $3.3B in Q2 2026, up 7% year over year and up 14% from the previous quarter. Reimbursement Revenue was the largest line at 59% of revenue. Reimbursement Revenue added $0.17B year over year (up 9%), 84% of the total change. Incentive management fees declined 8%.
Operating profit was $0.86B, a 25.7% margin (up 0.9 points year over year). Of the extra revenue versus Q2 2025, 39% reached operating profit, above the 25% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $0.48B, up 10% year over year. The effective tax rate was 29.1%.
Operating cash flow was $0.47B (down 28% year over year), 98% 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 used $0.12B. Capital expenditures of $0.01B left free cash flow of $0.46B.
Questions
What was Hilton Worldwide Holdings' revenue in the second quarter 2026?
Hilton Worldwide Holdings (HLT) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +14% from the quarter before.
Was Hilton Worldwide Holdings profitable in the second quarter 2026?
Operating profit was $858M (25.7% of revenue) and net earnings $482M.