Filing Flows › Hilton Worldwide Holdings (HLT) › Q3 2025
Hilton Worldwide Holdings (HLT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the third quarter 2025 (Q3 2025), +9% from a year earlier and -0.5% from the quarter before. Operating margin was 24.9%, net earnings $421M (13.5% of revenue).
Hilton Worldwide Holdings, Q3 2025: revenue $3.1B (+9% year over year), operating margin 24.9%, net earnings $421M, operating cash flow $816M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -0.5% | +9% |
| Operating profit | $777M | -0.1% | +25% |
| Net earnings | $421M | -5% | +22% |
| Operating cash flow | $816M | +24% | +23% |
| Free cash flow | $787M | +24% | +22% |
What changed
Revenue was $3.1B in Q3 2025, up 9% year over year and down 1% from the previous quarter. Reimbursement Revenue was the largest line at 59% of revenue. Reimbursement Revenue added $0.21B year over year (up 13%), 83% of the total change. Ownership declined 2%.
Operating profit was $0.78B, a 24.9% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 22% margin then. Total costs grew 4% against revenue growth of 9%. Net earnings were $0.42B, up 22% year over year. The effective tax rate was 30.3%.
Operating cash flow was $0.82B (up 23% year over year), 194% 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 $0.30B. Capital expenditures of $0.03B left free cash flow of $0.79B.
Questions
What was Hilton Worldwide Holdings' revenue in the third quarter 2025?
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the third quarter 2025 (Q3 2025), +9% from a year earlier and -0.5% from the quarter before.
Was Hilton Worldwide Holdings profitable in the third quarter 2025?
Operating profit was $777M (24.9% of revenue) and net earnings $421M.