Filing Flows › Hilton Worldwide Holdings (HLT) › Q4 2025
Hilton Worldwide Holdings (HLT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -1% from the quarter before. Operating margin was 19.5%, net earnings $298M (9.7% of revenue).
Hilton Worldwide Holdings, Q4 2025: revenue $3.1B (+11% year over year), operating margin 19.5%, net earnings $298M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -1% | +11% |
| Operating profit | $602M | -23% | +23% |
| Net earnings | $298M | -29% | -41% |
| Operating cash flow | $203M | -75% | -65% |
| Free cash flow | $173M | -78% | -68% |
What changed
Revenue was $3.1B in Q4 2025, up 11% year over year and down 1% from the previous quarter. Reimbursement Revenue was the largest line at 59% of revenue.
Operating profit was $0.60B, a 19.5% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 18% margin then. Total costs grew 8% against revenue growth of 11%. Net earnings were $0.30B, down 41% year over year. The effective tax rate was 30.5%.
Operating cash flow was $0.20B (down 65% year over year), 68% 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 used $0.18B. Capital expenditures of $0.03B left free cash flow of $0.17B.
Questions
What was Hilton Worldwide Holdings' revenue in the fourth quarter 2025?
Hilton Worldwide Holdings (HLT) reported revenue of $3.1B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -1% from the quarter before.
Was Hilton Worldwide Holdings profitable in the fourth quarter 2025?
Operating profit was $602M (19.5% of revenue) and net earnings $298M.