Hilton Worldwide (HLT) Financials

$315.30 -0.23 (-0.07%)

As of 02:53 PM Eastern

Annual Income Statements for Hilton Worldwide

This table shows Hilton Worldwide's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,404	1,179	422	764	881	-715	410	1,255	1,141	1,535	1,457
Consolidated Net Income / (Loss)	1,416	1,163	1,089	769	886	-720	407	1,257	1,151	1,539	1,461
Net Income / (Loss) Continuing Operations	881	-17	417	1,387	886	-720	407	1,257	1,151	1,539	1,461
Total Pre-Tax Income	533	606	753	1,078	1,244	-924	560	1,734	1,692	1,783	2,072
Total Operating Income	900	868	1,132	1,432	1,657	-418	1,010	2,094	2,225	2,370	2,693
Total Gross Profit	1,708	1,688	3,232	2,251	2,435	583	1,655	2,698	9,094	10,048	10,945
Total Revenue	7,133	6,576	8,131	8,906	9,452	4,307	5,788	8,773	10,235	11,174	12,039
Operating Revenue	7,133	6,576	8,131	8,906	9,452	4,307	5,788	8,773	10,235	11,174	12,039
Total Cost of Revenue	5,425	4,888	4,899	6,655	7,017	3,724	4,133	6,075	1,141	1,126	1,094
Operating Cost of Revenue	5,425	4,888	-	6,655	7,017	3,724	4,133	6,075	1,141	1,126	1,094
Total Operating Expenses	808	754	2,100	819	778	1,001	645	604	6,869	7,678	8,252
Selling, General & Admin Expense	537	409	439	494	513	371	405	382	520	552	525
Depreciation Expense	385	353	336	325	346	331	188	162	147	146	177
Other Operating Expenses / (Income)	49	-	1,325	-	-	-	45	60	6,164	6,985	7,550
Impairment Charge	-	-	-	0.00	0.00	258	0.00	0.00	38	0.00	0.00
Other Special Charges / (Income)	-163	-8.00	0.00	0.00	-81	0.00	7.00	0.00	0.00	-5.00	0.00
Total Other Income / (Expense), net	-367	-328	-379	-354	-413	-506	-450	-360	-533	-587	-621
Interest Expense	377	334	411	371	414	429	397	415	464	569	620
Interest & Investment Income	-	-	-	-	-	-	0.00	0.00	-92	0.00	0.00
Other Income / (Expense), net	10	6.00	32	17	1.00	-77	-53	55	23	-18	-1.00
Income Tax Expense	-348	-557	-336	309	358	-204	153	477	541	244	611
Net Income / (Loss) Attributable to Noncontrolling Interest	12	-16	5.00	5.00	5.00	-5.00	-3.00	2.00	10	4.00	4.00
Basic Earnings per Share	$4.27	$1.03	$3.34	$2.53	$3.07	($2.58)	$1.47	$4.56	$4.36	$6.20	$6.18
Weighted Average Basic Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Diluted Earnings per Share	$4.26	$1.03	$3.32	$2.50	$3.04	($2.58)	$1.46	$4.53	$4.33	$6.14	$6.12
Weighted Average Diluted Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Weighted Average Basic & Diluted Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Cash Dividends to Common per Share	$0.42	$0.84	$0.60	$0.60	$0.60	$0.15	$0.00	$0.45	$0.60	$0.60	$0.60

This table shows Hilton Worldwide's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	377	147	265	421	344	505	300	440	420	297	385
Consolidated Net Income / (Loss)	379	150	268	422	344	505	300	442	421	298	383
Net Income / (Loss) Continuing Operations	379	150	268	422	344	505	300	442	421	298	383
Total Pre-Tax Income	548	274	365	591	491	336	410	629	604	429	518
Total Operating Income	653	400	533	725	623	489	536	778	777	602	678
Total Gross Profit	815	613	2,326	2,653	2,579	669	2,456	2,851	2,843	2,795	2,702
Total Revenue	2,673	2,609	2,573	2,951	2,867	2,783	2,695	3,137	3,120	3,087	2,937
Operating Revenue	2,673	2,609	2,573	2,951	2,867	2,783	2,695	3,137	3,120	3,087	2,937
Total Cost of Revenue	1,858	1,996	247	298	288	2,114	239	286	277	292	235
Operating Cost of Revenue	1,858	1,996	247	298	288	2,114	239	286	277	292	235
Total Operating Expenses	162	213	1,793	1,928	1,956	180	1,920	2,073	2,066	2,193	2,024
Selling, General & Admin Expense	96	110	134	113	127	97	120	135	118	152	125
Depreciation Expense	40	33	36	34	37	39	41	43	46	47	50
Other Operating Expenses / (Income)	26	32	1,630	1,781	1,790	44	1,759	1,895	1,902	1,994	1,849
Total Other Income / (Expense), net	-105	-126	-168	-134	-132	-153	-126	-149	-173	-173	-160
Interest Expense	113	124	131	141	140	157	145	151	159	165	162
Other Income / (Expense), net	8.00	-2.00	-37	7.00	8.00	4.00	19	2.00	-14	-8.00	2.00
Income Tax Expense	169	124	97	169	147	-169	110	187	183	131	135
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	3.00	3.00	1.00	0.00	-	0.00	2.00	1.00	1.00	-2.00
Basic Earnings per Share	$1.45	$0.58	$1.05	$1.69	$1.40	$2.06	$1.25	$1.85	$1.79	$1.29	$1.68
Weighted Average Basic Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Diluted Earnings per Share	$1.44	$0.57	$1.04	$1.67	$1.38	$2.05	$1.23	$1.84	$1.78	$1.27	$1.66
Weighted Average Diluted Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Weighted Average Basic & Diluted Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Cash Dividends to Common per Share	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15

This table details how cash moves in and out of Hilton Worldwide's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	88	383	90	30	148	2,633	-1,741	-207	-411	501	-406
Net Cash From Operating Activities	1,446	1,310	849	1,255	1,384	708	109	1,681	1,946	2,013	2,129
Net Cash From Continuing Operating Activities	1,446	865	895	1,461	1,384	708	109	1,681	1,946	2,013	2,129
Net Income / (Loss) Continuing Operations	1,416	354	1,089	769	886	-720	407	1,257	1,151	1,539	1,461
Consolidated Net Income / (Loss)	1,416	354	1,089	769	886	-720	407	1,257	1,151	1,539	1,461
Depreciation Expense	692	-	336	325	346	331	188	162	147	146	177
Amortization Expense	38	48	32	43	45	46	48	54	59	67	76
Non-Cash Adjustments To Reconcile Net Income	-115	58	-57	35	-52	332	49	76	-182	-169	14
Changes in Operating Assets and Liabilities, net	-585	405	-551	83	159	719	-583	132	771	430	401
Net Cash From Investing Activities	414	-423	-147	-131	-123	-107	-57	-123	-305	-446	-190
Net Cash From Continuing Investing Activities	414	-423	-147	-131	-123	-107	-57	-123	-305	-446	-190
Purchase of Property, Plant & Equipment	-310	-317	-58	-72	-81	-46	-35	-39	-151	-96	-101
Acquisitions	-1,501	-81	-75	-87	-124	-46	-44	-63	-96	-338	-88
Purchase of Investments	-	-	-	-	-	-3.00	0.00	26	-41	-12	2.00
Sale of Property, Plant & Equipment	2,205	-	0.00	0.00	120	0.00	6.00	0.00	5.00	8.00	0.00
Other Investing Activities, net	20	-28	-21	-22	-38	-12	21	-47	-22	-8.00	-3.00
Net Cash From Financing Activities	-1,753	-44	-1,724	-1,300	-1,113	2,032	-1,793	-1,765	-2,040	-1,045	-2,348
Net Cash From Continuing Financing Activities	-1,753	-44	-658	-1,300	-1,113	2,032	-1,793	-1,765	-2,040	-1,045	-2,348
Repayment of Debt	-1,624	-4,435	-1,930	-1,030	-1,576	-2,193	-3,306	-48	-203	-362	-1,943
Repurchase of Common Equity	0.00	0.00	-891	-1,721	-1,538	-296	0.00	-1,590	-2,338	-2,893	-3,182
Payment of Dividends	-146	-309	-195	-181	-172	-42	0.00	-123	-158	-150	-143
Issuance of Debt	48	4,715	1,824	1,676	2,200	4,590	1,510	23	609	2,283	2,875
Issuance of Common Equity	-	-	-	-	17	31	52	29	51	93	76
Other Financing Activities, net	-31	-15	-532	-44	-44	-58	-49	-56	-1.00	-16	-31
Effect of Exchange Rate Changes	-19	-15	-	-	-	-	-	-	-12	-21	3.00

This table details how cash moves in and out of Hilton Worldwide's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-100	92	545	-602	847	-268	-569	-359	678	-156	-351
Net Cash From Operating Activities	687	465	346	421	664	582	452	658	816	203	618
Net Cash From Continuing Operating Activities	687	465	346	421	664	582	452	658	816	203	618
Net Income / (Loss) Continuing Operations	379	150	268	422	344	505	300	442	421	298	383
Consolidated Net Income / (Loss)	379	150	268	422	344	505	300	442	421	298	383
Depreciation Expense	40	33	36	34	37	39	41	43	46	47	50
Amortization Expense	11	27	12	13	12	30	14	13	15	34	15
Non-Cash Adjustments To Reconcile Net Income	234	-196	-32	46	39	25	-17	17	70	-56	-1.00
Changes in Operating Assets and Liabilities, net	23	451	62	-94	232	-17	114	143	264	-120	171
Net Cash From Investing Activities	-74	-77	-27	-291	-49	-79	-50	-36	-44	-60	-39
Net Cash From Continuing Investing Activities	-74	-77	-27	-291	-49	-79	-50	-36	-44	-60	-39
Purchase of Property, Plant & Equipment	-35	-42	-16	-15	-17	-48	-19	-23	-29	-30	-9.00
Acquisitions	-26	-28	-18	-259	-30	-31	-21	-22	-21	-24	-22
Purchase of Investments	-13	2.00	-1.00	-2.00	-2.00	-7.00	-9.00	9.00	6.00	-3.00	3.00
Other Investing Activities, net	-	-14	-	-	-	7.00	-1.00	-	-	-	-11
Net Cash From Financing Activities	-713	-296	238	-744	232	-771	-974	-986	-92	-296	-923
Net Cash From Continuing Financing Activities	-713	-296	238	-744	232	-771	-974	-986	-92	-296	-923
Repayment of Debt	-19	-154	-222	-95	-28	-17	-10	-871	-541	-521	-14
Repurchase of Common Equity	-675	-743	-666	-736	-725	-766	-875	-769	-759	-779	-821
Payment of Dividends	-39	-38	-39	-37	-37	-37	-37	-36	-35	-35	-35
Issuance of Common Equity	4.00	19	20	27	10	36	9.00	31	7.00	29	11
Other Financing Activities, net	13	14	-55	14	12	13	-61	9.00	11	10	-64
Effect of Exchange Rate Changes	-	-	-12	-	-	-	3.00	5.00	-2.00	-3.00	-7.00

This table presents Hilton Worldwide's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	25,622	26,211	14,228	13,995	14,957	16,755	15,441	15,512	15,401	16,522	16,774
Total Current Assets	2,585	3,557	2,007	1,983	2,093	4,202	2,871	2,870	2,614	3,272	2,996
Cash & Equivalents	609	1,062	570	403	538	3,218	1,427	1,209	800	1,301	918
Restricted Cash	247	121	100	81	92	45	85	77	75	75	52
Accounts Receivable	876	755	1,005	1,150	1,261	771	1,068	1,327	1,487	1,583	1,690
Prepaid Expenses	147	89	127	160	130	70	89	105	131	193	219
Other Current Assets	38	39	169	189	72	98	202	152	121	120	117
Plant, Property, & Equipment, net	9,119	341	353	367	380	346	305	280	382	411	684
Total Noncurrent Assets	13,918	22,313	11,868	11,645	12,484	12,207	12,265	12,362	12,405	12,839	13,094
Goodwill	5,887	5,218	5,190	5,160	5,159	5,095	5,071	5,032	5,052	5,035	5,081
Intangible Assets	6,654	6,258	6,276	6,156	6,078	5,823	5,835	5,888	6,083	6,419	6,700
Noncurrent Deferred & Refundable Income Taxes	78	82	111	90	100	194	213	204	140	318	252
Other Noncurrent Operating Assets	274	408	291	239	1,147	1,095	1,146	1,238	1,130	1,067	1,061
Total Liabilities & Shareholders' Equity	25,622	26,211	14,228	13,995	14,957	16,755	15,441	15,512	15,401	16,522	16,774
Total Liabilities	19,671	20,362	12,537	13,437	15,429	18,241	16,260	16,610	17,748	20,211	22,120
Total Current Liabilities	2,443	2,684	2,462	2,615	2,871	2,431	3,019	3,372	3,722	4,700	4,508
Short-Term Debt	204	33	46	16	37	56	54	39	39	535	25
Accounts Payable	2,206	1,821	1,416	1,549	1,703	1,302	1,568	1,790	1,979	2,124	2,336
Current Deferred Revenue	-	-	366	350	332	370	350	433	502	664	858
Other Current Liabilities	-	-	622	700	799	703	1,047	1,110	1,202	1,377	1,289
Total Noncurrent Liabilities	17,228	17,678	10,075	10,822	12,558	15,810	13,241	13,238	14,026	15,511	17,612
Long-Term Debt	10,249	6,583	6,556	7,266	7,956	10,431	8,712	8,708	9,157	10,616	12,338
Capital Lease Obligations	-	-	-	0.00	1,037	971	870	832	808	735	730
Noncurrent Deferred Revenue	1,067	931	1,668	1,795	827	1,004	896	986	1,132	1,300	1,648
Noncurrent Deferred & Payable Income Tax Liabilities	4,630	1,778	931	898	795	649	700	735	401	322	322
Other Noncurrent Operating Liabilities	1,282	1,492	920	863	1,943	2,755	2,063	1,977	2,528	2,538	2,574
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	17	13
Total Equity & Noncontrolling Interests	5,951	5,849	1,691	558	-472	-1,486	-819	-1,098	-2,347	-3,706	-5,359
Total Preferred & Common Equity	5,985	5,899	1,688	551	-482	-1,490	-821	-1,102	-2,360	-3,727	-5,388
Total Common Equity	5,985	5,899	1,688	551	-482	-1,490	-821	-1,102	-2,360	-3,727	-5,388
Common Stock	10,161	10,223	10,301	10,375	10,492	10,555	10,723	10,834	10,971	11,133	11,277
Retained Earnings	-3,392	-3,323	-6,981	-6,417	-5,965	-6,732	-6,322	-5,190	-4,207	-2,822	-1,508
Treasury Stock	-	0.00	-891	-2,625	-4,169	-4,453	-4,443	-6,040	-8,393	-11,256	-14,428
Accumulated Other Comprehensive Income / (Loss)	-784	-1,001	-741	-782	-840	-860	-779	-706	-731	-782	-729
Noncontrolling Interest	-34	-50	3.00	7.00	10	4.00	2.00	4.00	13	21	29

This table presents Hilton Worldwide's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	15,297	15,200	15,401	15,932	15,737	16,689	16,522	16,043	15,904	16,641	16,385
Total Current Assets	2,580	2,484	2,614	3,183	2,689	3,573	3,272	2,764	2,469	3,119	2,772
Cash & Equivalents	806	698	800	1,346	731	1,580	1,301	731	371	1,057	564
Restricted Cash	77	81	75	74	71	75	75	76	77	69	55
Accounts Receivable	1,402	1,396	1,487	1,467	1,578	1,597	1,583	1,575	1,676	1,652	1,684
Prepaid Expenses	146	157	131	193	166	191	193	234	207	225	266
Other Current Assets	149	152	121	103	143	130	120	148	138	116	203
Plant, Property, & Equipment, net	297	305	382	377	378	395	411	420	437	447	665
Total Noncurrent Assets	12,420	12,411	12,405	12,372	12,670	12,721	12,839	12,859	12,998	13,075	12,948
Goodwill	5,048	5,033	5,052	5,044	5,042	5,065	5,035	5,049	5,084	5,079	5,070
Intangible Assets	5,964	5,984	6,083	6,091	6,382	6,413	6,419	6,432	6,481	6,612	6,690
Noncurrent Deferred & Refundable Income Taxes	204	204	140	140	140	140	318	318	318	318	233
Other Noncurrent Operating Assets	1,204	1,190	1,130	1,097	1,106	1,103	1,067	1,060	1,115	1,066	955
Total Liabilities & Shareholders' Equity	15,297	15,200	15,401	15,932	15,737	16,689	16,522	16,043	15,904	16,641	16,385
Total Liabilities	16,720	16,953	17,748	18,749	18,815	20,119	20,211	20,382	20,453	21,532	22,252
Total Current Liabilities	3,435	3,561	3,722	3,774	4,226	4,491	4,700	4,835	4,585	4,698	4,556
Short-Term Debt	35	37	39	38	539	538	535	535	35	35	25
Accounts Payable	1,694	1,876	1,979	1,935	1,913	2,074	2,124	2,160	2,304	2,597	2,376
Current Deferred Revenue	460	460	502	513	501	543	664	660	712	637	845
Other Current Liabilities	1,246	1,188	1,202	1,288	1,273	1,336	1,377	1,480	1,534	1,429	1,310
Total Noncurrent Liabilities	13,285	13,392	14,026	14,975	14,589	15,628	15,511	15,547	15,868	16,834	17,696
Long-Term Debt	8,696	8,682	9,157	10,135	9,633	10,626	10,616	10,617	10,909	11,603	12,334
Capital Lease Obligations	839	804	808	775	786	798	735	728	749	713	699
Noncurrent Deferred Revenue	1,022	1,098	1,132	1,152	1,202	1,241	1,300	1,311	1,337	1,418	1,697
Noncurrent Deferred & Payable Income Tax Liabilities	710	706	401	373	368	357	322	296	287	335	278
Other Noncurrent Operating Liabilities	2,018	2,102	2,528	2,540	2,600	2,606	2,538	2,595	2,586	2,765	2,688
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	0.00	-	21	20	17	16	15	14	11
Total Equity & Noncontrolling Interests	-1,423	-1,753	-2,347	-2,817	-3,099	-3,450	-3,706	-4,355	-4,564	-4,905	-5,878
Total Preferred & Common Equity	-1,431	-1,763	-2,360	-2,833	-3,116	-3,470	-3,727	-4,378	-4,590	-4,932	-5,905
Total Common Equity	-1,431	-1,763	-2,360	-2,833	-3,116	-3,470	-3,727	-4,378	-4,590	-4,932	-5,905
Common Stock	10,882	10,928	10,971	10,957	11,025	11,075	11,133	11,104	11,177	11,223	11,257
Retained Earnings	-4,654	-4,316	-4,207	-3,981	-3,597	-3,290	-2,822	-2,559	-2,155	-1,770	-1,158
Treasury Stock	-6,956	-7,647	-8,393	-9,060	-9,781	-10,514	-11,256	-12,154	-12,907	-13,672	-15,259
Accumulated Other Comprehensive Income / (Loss)	-703	-728	-731	-749	-763	-741	-782	-769	-705	-713	-745
Noncontrolling Interest	8.00	10	13	16	17	20	21	23	26	27	27

This table displays calculated financial ratios and metrics derived from Hilton Worldwide's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-32.08%	-7.81%	23.65%	9.53%	6.13%	-54.43%	34.39%	51.57%	16.66%	9.17%	7.74%
EBITDA Growth	-32.06%	-43.78%	66.16%	18.60%	12.77%	-105.76%	1,111.02%	98.24%	3.76%	4.52%	14.81%
EBIT Growth	-47.58%	-3.96%	33.18%	24.48%	14.42%	-129.86%	293.33%	124.56%	4.61%	4.63%	14.46%
NOPAT Growth	49.55%	11.98%	-1.72%	-37.60%	15.53%	-124.79%	350.87%	106.79%	-0.29%	35.15%	-7.18%
Net Income Growth	107.62%	-17.87%	-6.36%	-29.38%	15.21%	-181.26%	156.53%	208.85%	-8.43%	33.71%	-5.07%
EPS Growth	107.62%	-17.87%	222.33%	-24.70%	21.60%	-184.87%	156.59%	210.27%	-4.42%	41.80%	-0.33%
Operating Cash Flow Growth	10.64%	-9.41%	-35.19%	47.82%	10.28%	-48.84%	-84.60%	1,442.20%	15.76%	3.44%	5.76%
Free Cash Flow Firm Growth	9.95%	543.81%	-88.55%	13.12%	-52.80%	52.33%	-85.10%	1,079.23%	18.34%	4.16%	-3.18%
Invested Capital Growth	-0.38%	-53.76%	6.99%	-3.50%	7.78%	-15.38%	8.88%	-1.51%	-5.74%	0.58%	-0.65%
Revenue Q/Q Growth	-37.61%	54.37%	14.59%	2.53%	0.86%	-25.56%	24.69%	14.53%	-5.01%	1.58%	2.59%
EBITDA Q/Q Growth	-38.55%	28.77%	30.72%	10.52%	0.05%	-131.13%	43.73%	12.09%	-5.03%	4.23%	3.99%
EBIT Q/Q Growth	-54.32%	2,470.59%	-0.68%	13.38%	-0.42%	-1,803.85%	65.57%	13.76%	-5.27%	4.21%	3.90%
NOPAT Q/Q Growth	39.46%	8,399.06%	-9.93%	-25.32%	-36.04%	-8,460.00%	-25.57%	15.46%	-11.29%	30.36%	-12.68%
Net Income Q/Q Growth	86.56%	-25.54%	40.34%	-39.64%	-36.67%	20.27%	164.29%	17.26%	-13.72%	29.98%	-12.41%
EPS Q/Q Growth	86.56%	-25.54%	-1.48%	127.27%	-38.71%	-120.51%	1,023.08%	17.36%	-12.70%	31.76%	-11.30%
Operating Cash Flow Q/Q Growth	3.36%	-8.01%	-9.29%	7.45%	-9.13%	-32.44%	168.13%	26.39%	-0.87%	6.17%	-15.11%
Free Cash Flow Firm Q/Q Growth	-20.23%	1,582.10%	-88.81%	9.30%	-59.41%	-55.92%	-68.43%	658.24%	-6.80%	19.21%	-28.51%
Invested Capital Q/Q Growth	3.16%	-54.41%	4.93%	-1.31%	1.63%	17.64%	16.84%	-2.14%	-2.99%	-0.81%	6.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.95%	25.67%	39.75%	25.28%	25.76%	13.54%	28.59%	30.75%	28.63%	27.41%	90.91%
EBITDA Margin	22.99%	14.02%	18.84%	20.40%	21.68%	-2.74%	20.61%	26.96%	23.98%	22.96%	24.46%
Operating Margin	12.62%	13.20%	13.92%	16.08%	17.53%	-9.71%	17.45%	23.87%	21.74%	21.21%	22.37%
EBIT Margin	12.76%	13.29%	14.32%	16.27%	17.54%	-11.49%	16.53%	24.50%	21.96%	21.05%	22.36%
Profit (Net Income) Margin	19.85%	17.69%	13.39%	8.63%	9.37%	-16.72%	7.03%	14.33%	11.25%	13.77%	12.14%
Tax Burden Percent	265.67%	191.91%	144.62%	71.34%	71.22%	77.92%	72.68%	72.49%	68.03%	86.32%	70.51%
Interest Burden Percent	58.57%	69.34%	64.69%	74.40%	75.03%	186.67%	58.52%	80.69%	75.27%	75.81%	76.97%
Effective Tax Rate	-65.29%	-91.91%	-44.62%	28.66%	28.78%	0.00%	27.32%	27.51%	31.97%	13.68%	29.49%
Return on Invested Capital (ROIC)	9.64%	14.78%	22.20%	13.64%	15.44%	-4.00%	10.48%	20.94%	21.66%	30.08%	27.93%
ROIC Less NNEP Spread (ROIC-NNEP)	8.93%	5.42%	6.99%	9.67%	11.57%	-9.15%	6.47%	17.76%	17.50%	24.92%	24.06%
Return on Net Nonoperating Assets (RNNOA)	16.92%	4.93%	6.68%	54.75%	2,045.02%	77.54%	-45.79%	-152.08%	-88.48%	-81.07%	-60.27%
Return on Equity (ROE)	26.55%	19.71%	28.89%	68.39%	2,060.47%	73.54%	-35.31%	-131.14%	-66.82%	-50.99%	-32.34%
Cash Return on Invested Capital (CROIC)	10.01%	88.31%	15.45%	17.20%	7.96%	12.66%	1.97%	22.45%	27.57%	29.50%	28.58%
Operating Return on Assets (OROA)	3.52%	3.37%	5.76%	10.27%	11.45%	-3.12%	5.94%	13.89%	14.54%	14.74%	16.17%
Return on Assets (ROA)	5.47%	4.49%	5.39%	5.45%	6.12%	-4.54%	2.53%	8.12%	7.45%	9.64%	8.78%
Return on Common Equity (ROCE)	26.73%	19.85%	29.07%	68.08%	1,653.16%	74.07%	-35.41%	-131.55%	-67.15%	-51.42%	-32.63%
Return on Equity Simple (ROE_SIMPLE)	23.66%	19.72%	64.51%	139.56%	-183.82%	48.32%	-49.57%	-114.07%	-48.77%	-41.29%	0.00%
Net Operating Profit after Tax (NOPAT)	1,488	1,666	1,637	1,022	1,180	-293	734	1,518	1,514	2,046	1,899
NOPAT Margin	20.86%	25.33%	20.13%	11.47%	12.49%	-6.79%	12.68%	17.30%	14.79%	18.31%	15.77%
Net Nonoperating Expense Percent (NNEP)	0.71%	9.37%	15.21%	3.97%	3.87%	5.15%	4.01%	3.18%	4.16%	5.16%	3.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.90%	19.77%	25.01%	24.55%
Cost of Revenue to Revenue	76.06%	74.33%	60.25%	74.72%	74.24%	86.46%	71.41%	69.25%	71.37%	72.59%	9.09%
SG&A Expenses to Revenue	7.53%	6.22%	5.40%	5.55%	5.43%	8.61%	7.00%	4.35%	3.99%	3.71%	4.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.33%	11.47%	25.83%	9.20%	8.23%	23.24%	11.14%	6.88%	6.89%	6.20%	68.54%
Earnings before Interest and Taxes (EBIT)	910	874	1,164	1,449	1,658	-495	957	2,149	2,248	2,352	2,692
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,640	922	1,532	1,817	2,049	-118	1,193	2,365	2,454	2,565	2,945
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	3.03	14.78	38.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.94	2.72	3.07	2.35	3.28	7.11	7.45	3.87	4.55	5.39	5.55
Price to Earnings (P/E)	9.87	15.17	59.12	27.42	35.18	0.00	105.18	27.05	40.81	39.25	45.83
Dividend Yield	1.00%	1.94%	0.77%	1.06%	0.55%	0.54%	0.00%	0.36%	0.33%	0.24%	0.21%
Earnings Yield	10.13%	6.59%	1.69%	3.65%	2.84%	0.00%	0.95%	3.70%	2.45%	2.55%	2.18%
Enterprise Value to Invested Capital (EV/IC)	1.51	3.27	4.05	3.77	4.97	5.79	7.02	5.87	8.21	10.38	11.65
Enterprise Value to Revenue (EV/Rev)	3.26	3.54	3.80	3.12	4.17	9.01	8.85	4.81	5.44	6.34	6.56
Enterprise Value to EBITDA (EV/EBITDA)	14.20	25.24	20.16	15.28	19.23	0.00	42.96	17.86	22.70	27.60	26.80
Enterprise Value to EBIT (EV/EBIT)	25.59	26.62	26.53	19.16	23.77	0.00	53.55	19.66	24.78	30.10	29.32
Enterprise Value to NOPAT (EV/NOPAT)	15.65	13.97	18.86	27.17	33.39	0.00	69.82	27.83	36.81	34.61	41.57
Enterprise Value to Operating Cash Flow (EV/OCF)	16.11	17.76	36.38	22.12	28.47	54.83	470.19	25.13	28.63	35.17	37.07
Enterprise Value to Free Cash Flow (EV/FCFF)	15.07	2.34	27.11	21.54	64.79	41.90	371.24	25.95	28.92	35.28	40.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.76	1.13	3.90	13.05	-19.13	-7.71	-11.77	-8.72	-4.26	-3.22	-2.45
Long-Term Debt to Equity	1.72	1.13	3.88	13.02	-19.05	-7.67	-11.70	-8.69	-4.25	-3.08	-2.44
Financial Leverage	1.90	0.91	0.96	5.66	176.72	-8.48	-7.08	-8.56	-5.06	-3.25	-2.51
Leverage Ratio	4.85	4.39	5.36	12.55	336.65	-16.20	-13.97	-16.15	-8.97	-5.29	-3.69
Compound Leverage Factor	2.84	3.05	3.47	9.34	252.59	-30.23	-8.17	-13.03	-6.75	-4.01	-2.84
Debt to Total Capital	63.72%	53.08%	79.61%	92.88%	105.52%	114.90%	109.29%	112.95%	130.65%	145.00%	169.01%
Short-Term Debt to Total Capital	1.24%	0.26%	0.55%	0.20%	0.43%	0.56%	0.61%	0.46%	0.51%	6.53%	0.32%
Long-Term Debt to Total Capital	62.48%	52.81%	79.05%	92.68%	105.08%	114.34%	108.68%	112.49%	130.14%	138.48%	168.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.21%	-0.40%	0.04%	0.09%	0.12%	0.04%	0.02%	0.05%	0.17%	0.46%	0.54%
Common Equity to Total Capital	36.49%	47.32%	20.35%	7.03%	-5.63%	-14.94%	-9.31%	-12.99%	-30.82%	-45.47%	-69.55%
Debt to EBITDA	6.37	7.18	4.31	4.01	4.41	-97.10	8.08	4.05	4.08	4.63	4.45
Net Debt to EBITDA	5.77	5.89	3.87	3.74	4.10	-69.45	6.81	3.51	3.72	4.10	4.12
Long-Term Debt to EBITDA	6.25	7.14	4.28	4.00	4.39	-96.63	8.03	4.03	4.06	4.43	4.44
Debt to NOPAT	7.03	3.97	4.03	7.13	7.65	-39.16	13.13	6.31	6.61	5.81	6.90
Net Debt to NOPAT	6.36	3.26	3.62	6.65	7.12	-28.01	11.07	5.46	6.03	5.14	6.38
Long-Term Debt to NOPAT	6.89	3.95	4.00	7.11	7.62	-38.97	13.05	6.28	6.58	5.55	6.88
Altman Z-Score	0.64	0.75	1.31	1.22	1.58	0.73	1.59	1.74	2.25	2.59	2.82
Noncontrolling Interest Sharing Ratio	-0.68%	-0.71%	-0.62%	0.44%	19.77%	-0.72%	-0.26%	-0.31%	-0.49%	-0.84%	-0.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.33	0.82	0.76	0.73	1.73	0.95	0.85	0.70	0.70	0.66
Quick Ratio	0.66	0.68	0.64	0.59	0.63	1.64	0.83	0.75	0.61	0.61	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,546	9,951	1,139	1,289	608	926	138	1,628	1,927	2,007	1,943
Operating Cash Flow to CapEx	0.00%	413.25%	1,463.79%	1,743.06%	0.00%	1,539.13%	375.86%	4,310.26%	1,332.88%	2,287.50%	2,107.92%
Free Cash Flow to Firm to Interest Expense	4.10	29.79	2.77	3.47	1.47	2.16	0.35	3.92	4.15	3.53	3.13
Operating Cash Flow to Interest Expense	3.84	3.92	2.07	3.38	3.34	1.65	0.27	4.05	4.19	3.54	3.43
Operating Cash Flow Less CapEx to Interest Expense	8.86	2.97	1.92	3.19	3.44	1.54	0.20	3.96	3.88	3.38	3.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.25	0.40	0.63	0.65	0.27	0.36	0.57	0.66	0.70	0.72
Accounts Receivable Turnover	8.29	8.06	9.24	8.27	7.84	4.24	6.29	7.33	7.27	7.28	7.36
Inventory Turnover	12.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.86	1.39	23.43	24.74	25.31	11.87	17.78	29.99	30.92	28.18	21.99
Accounts Payable Turnover	2.52	2.43	3.03	4.49	4.32	2.48	2.88	3.62	3.88	3.95	0.49
Days Sales Outstanding (DSO)	44.01	45.26	39.50	44.16	46.55	86.10	57.99	49.82	50.18	50.14	49.62
Days Inventory Outstanding (DIO)	28.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	144.82	150.35	120.59	81.31	84.58	147.26	126.73	100.88	94.16	92.32	744.01
Cash Conversion Cycle (CCC)	-72.36	-105.09	-81.08	-37.15	-38.03	-61.16	-68.74	-51.06	-43.98	-42.18	-694.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,410	7,125	7,623	7,356	7,928	6,709	7,305	7,195	6,782	6,821	6,777
Invested Capital Turnover	0.46	0.58	1.10	1.19	1.24	0.59	0.83	1.21	1.46	1.64	1.77
Increase / (Decrease) in Invested Capital	-58	-8,285	498	-267	572	-1,219	596	-110	-413	39	-44
Enterprise Value (EV)	23,288	23,267	30,883	27,757	39,403	38,817	51,251	42,241	55,707	70,801	78,932
Market Capitalization	13,863	17,884	24,948	20,952	30,993	30,618	43,125	33,944	46,565	60,253	66,767
Book Value per Share	$6.06	$5.96	$5.28	$1.86	($1.71)	($5.37)	($2.95)	($4.07)	($9.20)	($15.29)	($23.18)
Tangible Book Value per Share	($6.64)	($5.63)	($30.56)	($36.30)	($41.53)	($44.72)	($42.07)	($44.45)	($52.62)	($62.27)	($73.87)
Total Capital	16,404	12,465	8,293	7,840	8,558	9,972	8,817	8,481	7,657	8,197	7,747
Total Debt	10,453	6,616	6,602	7,282	9,030	11,458	9,636	9,579	10,004	11,886	13,093
Total Long-Term Debt	10,249	6,583	6,556	7,266	8,993	11,402	9,582	9,540	9,965	11,351	13,068
Net Debt	9,459	5,433	5,932	6,798	8,400	8,195	8,124	8,293	9,129	10,510	12,123
Capital Expenditures (CapEx)	-1,895	317	58	72	-39	46	29	39	146	88	101
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-510	-277	-1,079	-1,100	-1,371	-1,436	-1,606	-1,749	-1,944	-2,269	-2,457
Debt-free Net Working Capital (DFNWC)	346	906	-409	-616	-741	1,827	-94	-463	-1,069	-893	-1,487
Net Working Capital (NWC)	142	873	-455	-632	-778	1,771	-148	-502	-1,108	-1,428	-1,512
Net Nonoperating Expense (NNE)	72	503	548	253	294	427	327	261	363	507	438
Net Nonoperating Obligations (NNO)	9,459	1,276	5,932	6,798	8,400	8,195	8,124	8,293	9,129	10,510	12,123
Total Depreciation and Amortization (D&A)	730	48	368	368	391	377	236	216	206	213	253
Debt-free, Cash-free Net Working Capital to Revenue	-7.15%	-4.21%	-13.27%	-12.35%	-14.50%	-33.34%	-27.75%	-19.94%	-18.99%	-20.31%	-20.41%
Debt-free Net Working Capital to Revenue	4.85%	13.78%	-5.03%	-6.92%	-7.84%	42.42%	-1.62%	-5.28%	-10.44%	-7.99%	-12.35%
Net Working Capital to Revenue	1.99%	13.28%	-5.60%	-7.10%	-8.23%	41.12%	-2.56%	-5.72%	-10.83%	-12.78%	-12.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.26	$1.06	$3.88	$2.53	$3.07	($2.58)	$1.47	$4.56	$4.36	$6.20	$6.18
Adjusted Weighted Average Basic Shares Outstanding	329.29M	329.73M	316.12M	292.85M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Adjusted Diluted Earnings per Share	$4.26	$1.05	$3.85	$2.50	$3.04	($2.56)	$1.46	$4.53	$4.33	$6.14	$6.12
Adjusted Weighted Average Diluted Shares Outstanding	329.29M	329.73M	316.12M	292.85M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	329.29M	329.73M	316.12M	292.85M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M	229.29M
Normalized Net Operating Profit after Tax (NOPAT)	516	602	792	1,022	1,122	-83	739	1,518	1,539	2,041	1,899
Normalized NOPAT Margin	7.23%	9.15%	9.75%	11.47%	11.88%	-1.93%	12.77%	17.30%	15.04%	18.27%	15.77%
Pre Tax Income Margin	7.47%	9.22%	9.26%	12.10%	13.16%	-21.45%	9.68%	19.77%	16.53%	15.96%	17.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.41	2.62	2.83	3.91	4.00	-1.15	2.41	5.18	4.84	4.13	4.34
NOPAT to Interest Expense	3.95	4.99	3.98	2.75	2.85	-0.68	1.85	3.66	3.26	3.60	3.06
EBIT Less CapEx to Interest Expense	7.44	1.67	2.69	3.71	4.10	-1.26	2.34	5.08	4.53	3.98	4.18
NOPAT Less CapEx to Interest Expense	8.97	4.04	3.84	2.56	2.94	-0.79	1.78	3.56	2.95	3.44	2.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.31%	26.57%	17.91%	23.54%	19.41%	-5.83%	0.00%	9.79%	13.73%	9.75%	9.79%
Augmented Payout Ratio	10.31%	26.57%	99.72%	247.33%	193.00%	-46.94%	0.00%	136.28%	216.85%	197.73%	227.58%

This table displays calculated financial ratios and metrics derived from Hilton Worldwide's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	229,291,615.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	229,291,615.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.68
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.98%	-17.15%	12.21%	10.94%	7.26%	6.67%	4.74%	6.30%	8.82%	10.92%	8.98%
EBITDA Growth	4.40%	-22.11%	-2.33%	7.15%	-4.49%	22.71%	12.13%	7.32%	21.18%	20.11%	22.13%
EBIT Growth	4.42%	-23.90%	-2.75%	7.81%	-4.54%	23.87%	11.90%	6.56%	20.92%	20.49%	22.52%
NOPAT Growth	10.41%	-47.42%	13.55%	5.63%	-3.35%	235.63%	0.22%	5.61%	24.08%	-43.10%	27.82%
Net Income Growth	9.54%	-54.96%	28.23%	2.18%	-9.23%	236.67%	11.94%	4.74%	22.38%	-40.99%	27.67%
EPS Growth	14.29%	-52.50%	35.06%	7.74%	-4.17%	259.65%	18.27%	10.18%	28.99%	-38.05%	34.96%
Operating Cash Flow Growth	2.38%	-3.53%	4.85%	-9.27%	-3.35%	25.16%	30.64%	56.29%	22.89%	-65.12%	36.73%
Free Cash Flow Firm Growth	217.61%	20.04%	58.15%	-12.16%	-32.26%	10.12%	-57.14%	31.98%	97.03%	-33.59%	79.66%
Invested Capital Growth	-4.91%	-5.74%	-6.55%	-2.56%	-1.63%	0.58%	0.34%	-5.40%	-7.90%	-0.65%	-2.41%
Revenue Q/Q Growth	0.49%	-2.39%	-10.04%	14.69%	-2.85%	-2.93%	-3.16%	16.40%	-0.54%	-1.06%	-4.86%
EBITDA Q/Q Growth	-2.06%	-35.67%	18.78%	43.20%	-12.71%	-17.35%	8.54%	37.05%	-1.44%	-18.08%	10.37%
EBIT Q/Q Growth	-2.65%	-39.79%	24.62%	47.58%	-13.80%	-21.87%	12.58%	40.54%	-2.18%	-22.15%	14.48%
NOPAT Q/Q Growth	-7.85%	-51.51%	78.72%	32.28%	-15.69%	68.38%	-46.64%	39.40%	-0.94%	-22.79%	19.88%
Net Income Q/Q Growth	-8.23%	-60.42%	78.67%	57.46%	-18.48%	46.80%	-40.59%	47.33%	-4.75%	-29.22%	28.52%
EPS Q/Q Growth	-7.10%	-60.42%	82.46%	60.58%	-17.37%	48.55%	-40.00%	49.59%	-3.26%	-28.65%	30.71%
Operating Cash Flow Q/Q Growth	48.06%	-32.31%	-25.59%	21.68%	57.72%	-12.35%	-22.34%	45.58%	24.01%	-75.12%	204.43%
Free Cash Flow Firm Q/Q Growth	1.44%	-22.23%	36.29%	-18.31%	-21.77%	26.43%	-46.95%	151.55%	16.78%	-57.39%	43.52%
Invested Capital Q/Q Growth	-3.76%	-2.99%	-1.05%	5.47%	-2.84%	-0.81%	-1.28%	-0.56%	-5.41%	6.99%	-3.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.49%	23.50%	27.05%	30.80%	27.52%	24.04%	91.13%	90.88%	91.12%	90.54%	92.00%
EBITDA Margin	26.64%	17.55%	21.14%	26.40%	23.72%	20.19%	22.63%	26.65%	26.41%	21.87%	25.37%
Operating Margin	24.43%	15.33%	20.72%	24.57%	21.73%	17.57%	19.89%	24.80%	24.90%	19.50%	23.08%
EBIT Margin	24.73%	15.25%	19.28%	24.81%	22.01%	17.71%	20.59%	24.86%	24.46%	19.24%	23.15%
Profit (Net Income) Margin	14.18%	5.75%	10.42%	14.30%	12.00%	18.15%	11.13%	14.09%	13.49%	9.65%	13.04%
Tax Burden Percent	69.16%	54.74%	73.42%	71.40%	70.06%	150.30%	73.17%	70.27%	69.70%	69.46%	73.94%
Interest Burden Percent	82.90%	68.84%	73.59%	80.74%	77.81%	68.15%	73.87%	80.64%	79.16%	72.22%	76.18%
Effective Tax Rate	30.84%	45.26%	26.58%	28.60%	29.94%	-50.30%	26.83%	29.73%	30.30%	30.54%	26.06%
Return on Invested Capital (ROIC)	25.39%	12.29%	23.03%	26.44%	24.15%	43.39%	24.45%	29.06%	30.84%	23.99%	31.51%
ROIC Less NNEP Spread (ROIC-NNEP)	24.53%	11.50%	21.66%	25.42%	23.18%	41.04%	23.56%	28.08%	29.72%	22.92%	30.50%
Return on Net Nonoperating Assets (RNNOA)	-156.46%	-58.16%	-92.81%	-106.42%	-85.20%	-133.54%	-67.82%	-78.78%	-76.90%	-57.43%	-70.27%
Return on Equity (ROE)	-131.07%	-45.87%	-69.79%	-79.98%	-61.05%	-90.16%	-43.37%	-49.73%	-46.06%	-33.44%	-38.76%
Cash Return on Invested Capital (CROIC)	28.82%	27.57%	29.20%	24.69%	24.28%	29.50%	29.99%	35.58%	41.14%	28.58%	32.62%
Operating Return on Assets (OROA)	17.35%	10.10%	13.02%	17.27%	15.18%	12.40%	14.55%	18.05%	17.22%	13.91%	17.54%
Return on Assets (ROA)	9.95%	3.81%	7.03%	9.96%	8.28%	12.70%	7.87%	10.23%	9.50%	6.98%	9.88%
Return on Common Equity (ROCE)	-131.52%	-46.09%	-70.17%	-80.80%	-61.64%	-90.92%	-43.70%	-50.24%	-46.51%	-33.74%	-39.05%
Return on Equity Simple (ROE_SIMPLE)	-75.67%	0.00%	-42.71%	-39.12%	-34.12%	0.00%	-35.88%	-34.66%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	452	219	391	518	436	735	392	547	542	418	501
NOPAT Margin	16.90%	8.39%	15.21%	17.54%	15.22%	26.41%	14.55%	17.43%	17.36%	13.55%	17.07%
Net Nonoperating Expense Percent (NNEP)	0.85%	0.79%	1.36%	1.02%	0.97%	2.34%	0.90%	0.98%	1.12%	1.06%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	-	2.86%	-	-	-	8.98%	5.21%	7.67%	7.27%	5.41%	6.98%
Cost of Revenue to Revenue	69.51%	76.50%	72.95%	69.20%	72.48%	75.96%	8.87%	9.12%	8.88%	9.46%	8.00%
SG&A Expenses to Revenue	3.59%	4.22%	4.04%	3.83%	3.52%	3.49%	4.45%	4.30%	3.78%	4.92%	4.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.06%	8.16%	6.34%	6.24%	5.79%	6.47%	71.24%	66.08%	66.22%	71.04%	68.91%
Earnings before Interest and Taxes (EBIT)	661	398	496	732	631	493	555	780	763	594	680
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	712	458	544	779	680	562	610	836	824	675	745
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.63	4.55	5.20	5.05	5.16	5.39	4.85	5.51	5.20	5.55	5.68
Price to Earnings (P/E)	29.62	40.81	45.58	45.09	48.26	39.25	34.87	39.84	36.65	45.83	45.22
Dividend Yield	0.40%	0.33%	0.28%	0.28%	0.26%	0.24%	0.26%	0.23%	0.23%	0.21%	0.20%
Earnings Yield	3.38%	2.45%	2.19%	2.22%	2.07%	2.55%	2.87%	2.51%	2.73%	2.18%	2.21%
Enterprise Value to Invested Capital (EV/IC)	6.85	8.21	9.57	9.15	9.76	10.38	9.78	11.14	11.41	11.65	12.51
Enterprise Value to Revenue (EV/Rev)	4.45	5.44	6.11	5.99	6.10	6.34	5.83	6.50	6.16	6.56	6.69
Enterprise Value to EBITDA (EV/EBITDA)	18.54	22.70	26.32	25.97	27.29	27.60	25.03	27.75	25.52	26.80	26.69
Enterprise Value to EBIT (EV/EBIT)	20.19	24.78	28.76	28.31	29.75	30.10	27.32	30.34	27.90	29.32	29.18
Enterprise Value to NOPAT (EV/NOPAT)	28.08	36.81	41.23	40.87	42.79	34.61	32.29	36.06	33.24	41.57	40.94
Enterprise Value to Operating Cash Flow (EV/OCF)	24.41	28.63	32.74	33.74	35.42	35.17	31.08	31.66	28.82	37.07	35.82
Enterprise Value to Free Cash Flow (EV/FCFF)	23.18	28.92	31.68	36.58	39.89	35.28	32.66	30.44	26.60	40.63	37.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-5.43	-4.26	-3.89	-3.56	-3.49	-3.22	-2.74	-2.57	-2.53	-2.45	-2.23
Long-Term Debt to Equity	-5.41	-4.25	-3.87	-3.39	-3.33	-3.08	-2.61	-2.56	-2.52	-2.44	-2.22
Financial Leverage	-6.38	-5.06	-4.28	-4.19	-3.68	-3.25	-2.88	-2.81	-2.59	-2.51	-2.30
Leverage Ratio	-11.51	-8.97	-7.36	-6.89	-6.15	-5.29	-4.47	-4.15	-4.01	-3.69	-3.18
Compound Leverage Factor	-9.55	-6.18	-5.42	-5.57	-4.79	-3.60	-3.30	-3.35	-3.17	-2.66	-2.42
Debt to Total Capital	122.56%	130.65%	134.65%	139.06%	140.20%	145.00%	157.54%	163.68%	165.56%	169.01%	181.59%
Short-Term Debt to Total Capital	0.48%	0.51%	0.47%	6.84%	6.31%	6.53%	7.09%	0.49%	0.47%	0.32%	0.35%
Long-Term Debt to Total Capital	122.08%	130.14%	134.18%	132.22%	133.90%	138.48%	150.44%	163.19%	165.09%	168.68%	181.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.13%	0.17%	0.20%	0.48%	0.47%	0.46%	0.52%	0.57%	0.55%	0.54%	0.53%
Common Equity to Total Capital	-22.69%	-30.82%	-34.84%	-39.54%	-40.67%	-45.47%	-58.06%	-64.25%	-66.11%	-69.55%	-82.12%
Debt to EBITDA	3.69	4.08	4.49	4.40	4.86	4.63	4.52	4.35	4.36	4.45	4.24
Net Debt to EBITDA	3.38	3.72	3.90	4.07	4.19	4.10	4.21	4.18	3.96	4.12	4.04
Long-Term Debt to EBITDA	3.67	4.06	4.47	4.18	4.64	4.43	4.31	4.34	4.35	4.44	4.23
Debt to NOPAT	5.58	6.61	7.03	6.92	7.62	5.81	5.83	5.65	5.68	6.90	6.50
Net Debt to NOPAT	5.13	6.03	6.11	6.41	6.57	5.14	5.43	5.44	5.16	6.38	6.20
Long-Term Debt to NOPAT	5.56	6.58	7.00	6.58	7.28	5.55	5.56	5.64	5.66	6.88	6.49
Altman Z-Score	1.76	1.86	2.12	2.14	2.14	2.22	2.05	2.39	2.29	2.41	2.54
Noncontrolling Interest Sharing Ratio	-0.34%	-0.49%	-0.54%	-1.02%	-0.96%	-0.84%	-0.77%	-1.04%	-0.97%	-0.89%	-0.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.70	0.84	0.64	0.80	0.70	0.57	0.54	0.66	0.66	0.61
Quick Ratio	0.59	0.61	0.75	0.55	0.71	0.61	0.48	0.45	0.58	0.58	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	813	632	861	704	550	696	369	929	1,085	462	663
Operating Cash Flow to CapEx	1,962.86%	1,256.76%	4,325.00%	2,806.67%	3,905.88%	1,212.50%	2,378.95%	2,860.87%	2,813.79%	676.67%	6,866.67%
Free Cash Flow to Firm to Interest Expense	7.19	5.10	6.58	4.99	3.93	4.43	2.55	6.15	6.82	2.80	4.09
Operating Cash Flow to Interest Expense	6.08	3.75	2.64	2.99	4.74	3.71	3.12	4.36	5.13	1.23	3.81
Operating Cash Flow Less CapEx to Interest Expense	5.77	3.45	2.58	2.88	4.62	3.40	2.99	4.21	4.95	1.05	3.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.66	0.68	0.70	0.69	0.70	0.71	0.73	0.70	0.72	0.76
Accounts Receivable Turnover	8.06	7.27	7.61	7.25	7.35	7.28	7.43	7.06	7.22	7.36	7.54
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	35.86	30.92	31.67	32.02	31.43	28.18	28.35	28.18	27.87	21.99	22.64
Accounts Payable Turnover	4.31	3.88	4.14	4.31	4.05	3.95	3.96	3.84	3.46	0.49	0.48
Days Sales Outstanding (DSO)	45.29	50.18	47.99	50.33	49.66	50.14	49.15	51.72	50.53	49.62	48.43
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	84.73	94.16	88.13	84.69	90.19	92.32	92.23	95.12	105.50	744.01	759.47
Cash Conversion Cycle (CCC)	-39.44	-43.98	-40.14	-34.36	-40.53	-42.18	-43.08	-43.40	-54.97	-694.40	-711.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,991	6,782	6,711	7,078	6,877	6,821	6,734	6,696	6,334	6,777	6,572
Invested Capital Turnover	1.50	1.46	1.51	1.51	1.59	1.64	1.68	1.67	1.78	1.77	1.85
Increase / (Decrease) in Invested Capital	-361	-413	-470	-186	-114	39	23	-382	-543	-44	-162
Enterprise Value (EV)	47,907	55,707	64,245	64,754	67,148	70,801	65,860	74,595	72,285	78,932	82,200
Market Capitalization	39,153	46,565	54,701	54,560	56,801	60,253	54,748	63,309	61,019	66,767	69,723
Book Value per Share	($6.74)	($9.20)	($11.33)	($12.46)	($14.08)	($15.29)	($18.20)	($19.31)	($20.97)	($23.18)	($25.75)
Tangible Book Value per Share	($48.87)	($52.62)	($55.86)	($58.15)	($60.66)	($62.27)	($65.92)	($67.96)	($70.68)	($73.87)	($77.04)
Total Capital	7,770	7,657	8,131	7,880	8,532	8,197	7,541	7,144	7,460	7,747	7,191
Total Debt	9,523	10,004	10,948	10,958	11,962	11,886	11,880	11,693	12,351	13,093	13,058
Total Long-Term Debt	9,486	9,965	10,910	10,419	11,424	11,351	11,345	11,658	12,316	13,068	13,033
Net Debt	8,744	9,129	9,528	10,156	10,307	10,510	11,073	11,245	11,225	12,123	12,439
Capital Expenditures (CapEx)	35	37	8.00	15	17	48	19	23	29	30	9.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,819	-1,944	-1,973	-1,800	-2,035	-2,269	-2,343	-2,529	-2,670	-2,457	-2,378
Debt-free Net Working Capital (DFNWC)	-1,040	-1,069	-553	-998	-380	-893	-1,536	-2,081	-1,544	-1,487	-1,759
Net Working Capital (NWC)	-1,077	-1,108	-591	-1,537	-918	-1,428	-2,071	-2,116	-1,579	-1,512	-1,784
Net Nonoperating Expense (NNE)	73	69	123	96	92	230	92	105	121	120	118
Net Nonoperating Obligations (NNO)	8,744	9,129	9,528	10,156	10,307	10,510	11,073	11,245	11,225	12,123	12,439
Total Depreciation and Amortization (D&A)	51	60	48	47	49	69	55	56	61	81	65
Debt-free, Cash-free Net Working Capital to Revenue	-16.88%	-18.99%	-18.76%	-16.66%	-18.50%	-20.31%	-20.74%	-22.03%	-22.75%	-20.41%	-19.36%
Debt-free Net Working Capital to Revenue	-9.65%	-10.44%	-5.26%	-9.24%	-3.45%	-7.99%	-13.60%	-18.12%	-13.16%	-12.35%	-14.32%
Net Working Capital to Revenue	-10.00%	-10.83%	-5.62%	-14.22%	-8.35%	-12.78%	-18.33%	-18.43%	-13.46%	-12.56%	-14.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$0.58	$1.05	$1.69	$1.40	$2.06	$1.25	$1.85	$1.79	$1.29	$1.68
Adjusted Weighted Average Basic Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Adjusted Diluted Earnings per Share	$1.44	$0.57	$1.04	$1.67	$1.38	$2.05	$1.23	$1.84	$1.78	$1.27	$1.66
Adjusted Weighted Average Diluted Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	256.44M	504.32M	250.05M	246.43M	243.78M	240.60M	237.70M	235.19M	232.44M	229.29M	227.65M
Normalized Net Operating Profit after Tax (NOPAT)	452	219	386	518	438	342	392	547	542	418	501
Normalized NOPAT Margin	16.90%	8.39%	15.01%	17.54%	15.27%	12.30%	14.55%	17.43%	17.36%	13.55%	17.07%
Pre Tax Income Margin	20.50%	10.50%	14.19%	20.03%	17.13%	12.07%	15.21%	20.05%	19.36%	13.90%	17.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.85	3.21	3.79	5.19	4.51	3.14	3.83	5.17	4.80	3.60	4.20
NOPAT to Interest Expense	4.00	1.77	2.99	3.67	3.12	4.68	2.70	3.62	3.41	2.53	3.09
EBIT Less CapEx to Interest Expense	5.54	2.91	3.73	5.09	4.39	2.83	3.70	5.01	4.62	3.42	4.14
NOPAT Less CapEx to Interest Expense	3.69	1.47	2.93	3.57	3.00	4.38	2.57	3.47	3.22	2.35	3.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.07%	13.73%	12.89%	12.55%	12.75%	9.75%	9.42%	9.24%	8.69%	9.79%	9.13%
Augmented Payout Ratio	168.97%	216.85%	223.97%	243.89%	255.15%	197.73%	206.87%	206.29%	198.68%	227.58%	211.72%

Financials Breakdown Chart

Key Financial Trends

Hilton Worldwide (HLT) continues to show robust quarterly cash flow and revenue, supported by ongoing capital returns to shareholders. Below are the key trends and observations drawn from the last four years of Hilton’s quarterly statements.

Revenue stability: Operating revenue remains around $3.1B per quarter, with 2025 Q3 at $3.12B and 2025 Q4 at $3.087B, signaling durable demand across Hilton's portfolio.
Operating margin strength: 2025 quarters show solid operating income (roughly $0.60–$0.78B) on revenue near $3.1B, indicating effective cost control and pricing power.
Net income and earnings power: 2025 quarters deliver meaningful net income and per‑share performance (Q2 2025 diluted EPS about $1.84; Q3 2025 about $1.78; Q4 2025 around $1.27), supporting shareholder value.
Free cash flow generation: Cash from operations remains strong (e.g., CFO around $0.8B in Q3 2025) with modest capex (about $0.03B), yielding substantial free cash flow and flexibility for dividends and debt management.
Shareholder returns: Hilton maintains a steady dividend of $0.15 per share and executed notable share repurchases in 2025 (roughly $0.76–0.78B), enhancing per‑share value for investors.
Liquidity headroom: Cash and equivalents run around $1.0B–$1.05B in recent quarters, providing liquidity to fund operations, debt service, and returns to shareholders.
Debt management actions: The company issued about $1.0B in debt in Q4 2025 while continuing debt repayments, suggesting active liquidity and maturity scheduling rather than a simple deleveraging path.
Capex intensity: Capital expenditures are modest in recent quarters, supporting strong free cash flow generation without large capex demands.
Debt burden and balance risk: Long‑term debt sits in the $11B+ range with total liabilities well above current assets in reported data, underscoring leverage risk and potential refinancing needs in a tighter credit environment.
Balance sheet quirks: Several quarters show restated or unusual balance sheet figures (notably negative equity metrics), which warrant careful review to confirm underlying financial health and avoid misinterpretation of leverage.

05/12/26 02:54 PM ETAI Generated. May Contain Errors.

Hilton Worldwide Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hilton Worldwide's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Hilton Worldwide's net income appears to be on an upward trend, with a most recent value of $1.46 billion in 2025, rising from $1.42 billion in 2015. The previous period was $1.54 billion in 2024. Find out what analysts predict for Hilton Worldwide in the coming months.

Hilton Worldwide's total operating income in 2025 was $2.69 billion, based on the following breakdown:

Total Gross Profit: $10.95 billion
Total Operating Expenses: $8.25 billion

Over the last 10 years, Hilton Worldwide's total revenue changed from $7.13 billion in 2015 to $12.04 billion in 2025, a change of 68.8%.

Hilton Worldwide's total liabilities were at $22.12 billion at the end of 2025, a 9.4% increase from 2024, and a 12.4% increase since 2015.

In the past 10 years, Hilton Worldwide's cash and equivalents has ranged from $403 million in 2018 to $3.22 billion in 2020, and is currently $918 million as of their latest financial filing in 2025.

Over the last 10 years, Hilton Worldwide's book value per share changed from 6.06 in 2015 to -23.18 in 2025, a change of -482.5%.

Related Companies

Financial statements for NYSE:HLT last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hilton Worldwide (HLT) Financials

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Hilton Worldwide (HLT) Financials

Annual Income Statements for Hilton Worldwide

Quarterly Income Statements for Hilton Worldwide

Annual Cash Flow Statements for Hilton Worldwide

Quarterly Cash Flow Statements for Hilton Worldwide

Annual Balance Sheets for Hilton Worldwide

Quarterly Balance Sheets for Hilton Worldwide

Annual Metrics And Ratios for Hilton Worldwide

Quarterly Metrics And Ratios for Hilton Worldwide

Financials Breakdown Chart

Key Financial Trends

Hilton Worldwide Financials - Frequently Asked Questions

When does Hilton Worldwide's fiscal year end?

How has Hilton Worldwide's net income changed over the last 10 years?

What is Hilton Worldwide's operating income?

How has Hilton Worldwide's revenue changed over the last 10 years?

How much debt does Hilton Worldwide have?

How much cash does Hilton Worldwide have?

How has Hilton Worldwide's book value per share changed over the last 10 years?

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