Hilton Worldwide Holdings Inc. (HLT) financial statements: income statement, balance sheet and cash flow
Hilton Worldwide Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hilton Worldwide Holdings Inc. reported revenue of $12.0B (+7.7% year on year) and net income of $1.5B (-5.1% year on year).
Income statement
Hilton Worldwide Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$12.0B
$11.2B
$10.2B
$8.8B
Ownership expenses
$1.1B
—
—
—
Depreciation and amortization expenses
$177.0M
$146.0M
$147.0M
$162.0M
General and administrative
$393.0M
$415.0M
$408.0M
$382.0M
Impairment losses
$0
$0
$38.0M
$0
Other expenses
$132.0M
$137.0M
$112.0M
$60.0M
Total expenses excluding reimbursable expenses
$1.8B
$1.8B
$1.8B
$1.6B
Reimbursed expenses
$7.5B
—
—
—
Total expenses
$9.3B
$8.8B
$8.0B
$6.7B
Gain on sales of assets, net
$0
$5.0M
$0
$0
Operating income
$2.7B
$2.4B
$2.2B
$2.1B
Interest expense
($620.0M)
($569.0M)
($464.0M)
($415.0M)
Loss on foreign currency transactions
($11.0M)
($12.0M)
($16.0M)
$5.0M
Loss on investments in unconsolidated affiliate
$0
$0
($92.0M)
—
Other non-operating income (loss), net
$10.0M
($6.0M)
$39.0M
$50.0M
Income before income taxes
$2.1B
$1.8B
$1.7B
$1.7B
Income tax expense
($611.0M)
($244.0M)
($541.0M)
($477.0M)
Net income
$1.5B
$1.5B
$1.2B
$1.3B
Net income attributable to redeemable and nonredeemable noncontrolling interests
($4.0M)
($4.0M)
($10.0M)
($2.0M)
Net income attributable to Hilton stockholders
$1.5B
$1.5B
$1.1B
$1.3B
Basic EPS
$6.18
$6.20
$4.36
$4.56
Diluted EPS
$6.12
$6.14
$4.33
$4.53
Cash dividends declared per share
$0.60
$0.60
$0.60
$0.45
Hilton Worldwide Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$3.3B
$2.9B
$3.1B
$3.1B
Ownership expenses
$266.0M
$235.0M
$277.0M
$286.0M
Depreciation and amortization expenses
$49.0M
$50.0M
$46.0M
$43.0M
General and Administrative Expense
$114.0M
$103.0M
$95.0M
$109.0M
Other Expenses
$46.0M
$22.0M
$23.0M
$26.0M
Total expenses excluding reimbursable expenses
$475.0M
$410.0M
$441.0M
$464.0M
Reimbursed expenses
$2.0B
$1.8B
$1.9B
$1.9B
Total expenses
$2.5B
$2.3B
$2.3B
$2.4B
Operating income (loss)
$858.0M
$678.0M
$777.0M
$778.0M
Interest expense
($183.0M)
($162.0M)
$159.0M
$151.0M
Gain (loss) on foreign currency transactions
($7.0M)
($5.0M)
($9.0M)
($1.0M)
Other non-operating income (loss), net
$12.0M
$7.0M
($5.0M)
$3.0M
Income (loss) before income taxes
$680.0M
$518.0M
$604.0M
$629.0M
Income tax expense
($198.0M)
($135.0M)
($183.0M)
($187.0M)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total
$482.0M
$383.0M
$421.0M
$442.0M
Net loss (income) attributable to redeemable and nonredeemable noncontrolling interests
$0
$2.0M
($1.0M)
($2.0M)
Net Income (Loss) Attributable to Parent, Total
$482.0M
$385.0M
$420.0M
$440.0M
Earnings (loss) per share, basic (USD per share)
$2.12
$1.68
$1.79
$1.85
Earnings (loss) per share, diluted (USD per share)
$2.10
$1.66
$1.78
$1.84
Cash dividends declared per share
$0.15
$0.15
$0.15
$0.15
Balance sheet
Hilton Worldwide Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$918.0M
$1.3B
$800.0M
$1.2B
Restricted cash and cash equivalents
$52.0M
$75.0M
$75.0M
$77.0M
Accounts receivable, net of allowance for credit losses
$1.7B
$1.6B
$1.5B
$1.3B
Prepaid expenses
$219.0M
$193.0M
$131.0M
$105.0M
Other
$117.0M
$120.0M
$121.0M
$152.0M
Total current assets
$3.0B
$3.3B
$2.6B
$2.9B
Goodwill
$5.1B
$5.0B
$5.1B
$5.0B
Brands
$5.0B
$5.0B
$4.8B
$4.8B
Finite-lived intangible assets, net
$1.7B
$1.4B
$1.2B
$1.0B
Operating Lease, Right-of-Use Asset
$577.0M
$567.0M
$618.0M
$662.0M
Property, plant and equipment, net
$684.0M
$411.0M
$382.0M
$280.0M
Deferred income tax assets
$252.0M
$318.0M
$140.0M
$204.0M
Other
$484.0M
$500.0M
$512.0M
$576.0M
Total intangibles and other assets
$13.8B
$13.3B
$12.8B
$12.6B
Total assets
$16.8B
$16.5B
$15.4B
$15.5B
Accounts payable, accrued expenses and other
$2.3B
$2.1B
$2.0B
$1.8B
Current maturities of long-term debt
$25.0M
$535.0M
$39.0M
$39.0M
Current portion of deferred revenues
$858.0M
$664.0M
$502.0M
$433.0M
Current portion of liability for guest loyalty program
$1.3B
$1.4B
$1.2B
$1.1B
Total current liabilities
$4.5B
$4.7B
$3.7B
$3.4B
Long-term debt
$12.3B
$10.6B
$9.2B
$8.7B
Operating lease liabilities
$730.0M
$735.0M
$808.0M
$832.0M
Deferred revenues
$1.6B
$1.3B
$1.1B
$986.0M
Deferred income tax liabilities
$322.0M
$322.0M
$401.0M
$735.0M
Liability from guest loyalty program
$1.6B
$1.6B
$1.5B
$1.3B
Other
$950.0M
$941.0M
$998.0M
$692.0M
Total liabilities
$22.1B
$20.2B
$17.7B
$16.6B
Redeemable Noncontrolling Interest
$13.0M
$17.0M
—
—
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 230,433,192 outstanding as of December 31, 2025 and 241,806,421 outstanding as of December 31, 2024
3.0M
3.0M
3.0M
3.0M
Treasury stock, at cost; 106,540,900 shares as of December 31, 2025 and 94,087,917 shares as of December 31, 2024
-14.4B
-11.3B
-8.4B
-6.0B
Additional paid-in capital
$11.3B
$11.1B
$11.0B
$10.8B
Accumulated deficit
($1.5B)
($2.8B)
($4.2B)
($5.2B)
Accumulated other comprehensive loss
($729.0M)
($782.0M)
($731.0M)
($706.0M)
Total Hilton stockholders' deficit
($5.4B)
($3.7B)
($2.4B)
($1.1B)
Noncontrolling interests
$29.0M
$21.0M
$13.0M
$4.0M
Total deficit
($5.4B)
($3.7B)
($2.3B)
($1.1B)
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY (DEFICIT)
$16.8B
$16.5B
$15.4B
$15.5B
Hilton Worldwide Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.0B
$564.0M
$1.1B
$371.0M
Restricted cash and cash equivalents
$55.0M
$55.0M
$69.0M
$77.0M
Accounts Receivable, after Allowance for Credit Loss, Current
$1.8B
$1.7B
$1.7B
$1.7B
Prepaid expenses
$210.0M
$266.0M
$225.0M
$207.0M
Other
$231.0M
$203.0M
$116.0M
$138.0M
Assets, Current, Total
$3.3B
$2.8B
$3.1B
$2.5B
Goodwill
$5.1B
$5.1B
$5.1B
$5.1B
Brands
$5.0B
$5.0B
$5.0B
$5.0B
Intangible Asset, Finite-Lived, after Accumulated Amortization
$1.5B
$1.5B
$1.4B
$1.3B
Other intangible assets, net
$198.0M
$200.0M
$224.0M
$192.0M
Operating lease right-of-use assets
$555.0M
$556.0M
$558.0M
$584.0M
Property and equipment, net
$656.0M
$665.0M
$447.0M
$437.0M
Deferred income tax assets
$216.0M
$233.0M
$318.0M
$318.0M
Other
$422.0M
$399.0M
$508.0M
$531.0M
Assets, Noncurrent, Total
$13.6B
$13.6B
$13.5B
$13.4B
Total assets
$16.9B
$16.4B
$16.6B
$15.9B
Accounts payable, accrued expenses and other
$2.3B
$2.4B
$2.6B
$2.3B
Current maturities of long-term debt
$624.0M
$25.0M
$35.0M
$35.0M
Current portion of deferred revenues
$818.0M
$845.0M
$637.0M
$712.0M
Current portion of liability for guest loyalty program
$1.3B
$1.3B
$1.4B
$1.5B
Liabilities, Current, Total
$5.1B
$4.6B
$4.7B
$4.6B
Long-term debt
$12.7B
$12.3B
$11.6B
$10.9B
Operating lease liabilities
$680.0M
$699.0M
$713.0M
$749.0M
Deferred revenues
$1.7B
$1.7B
$1.4B
$1.3B
Deferred income tax liabilities
$260.0M
$278.0M
$335.0M
$287.0M
Liability for guest loyalty program
$1.8B
$1.7B
$1.8B
$1.6B
Other
$999.0M
$977.0M
$1.0B
$960.0M
Liabilities, Total
$23.2B
$22.3B
$21.5B
$20.5B
Redeemable Noncontrolling Interests
$5.0M
$11.0M
$14.0M
$15.0M
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 225,696,464 outstanding as of June 30, 2026 and 230,433,192 outstanding as of December 31, 2025
3.0M
3.0M
3.0M
3.0M
Treasury stock, at cost; 112,124,356 shares as of June 30, 2026 and 106,540,900 shares as of December 31, 2025
-16.2B
-15.3B
-13.7B
-12.9B
Additional paid-in capital
$11.3B
$11.3B
$11.2B
$11.2B
Accumulated deficit
($710.0M)
($1.2B)
($1.8B)
($2.2B)
Accumulated other comprehensive loss
($747.0M)
($745.0M)
($713.0M)
($705.0M)
Total Hilton stockholders' deficit
($6.3B)
($5.9B)
($4.9B)
($4.6B)
Noncontrolling interests
$28.0M
$27.0M
$27.0M
$26.0M
Total deficit
($6.3B)
($5.9B)
($4.9B)
($4.6B)
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY (DEFICIT)
$16.9B
$16.4B
$16.6B
$15.9B
Cash flow statement
Hilton Worldwide Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.5B
$1.5B
$1.2B
$1.3B
Amortization of contract acquisition costs
$57.0M
$50.0M
$43.0M
$38.0M
Depreciation and amortization expenses
$177.0M
$146.0M
$147.0M
$162.0M
Impairment losses
$0
$0
$38.0M
$0
Gain on sales of assets, net
$0
($5.0M)
$0
$0
Loss on foreign currency transactions
$11.0M
$12.0M
$16.0M
($5.0M)
Loss on investments in unconsolidated affiliate
$0
$0
$92.0M
—
Share-based compensation expense
$170.0M
$176.0M
$169.0M
$162.0M
Amortization of deferred financing costs and discounts
$19.0M
$17.0M
$16.0M
$16.0M
Deferred income taxes
$64.0M
($247.0M)
($264.0M)
$34.0M
Contract acquisition costs, net of refunds
($231.0M)
($105.0M)
($233.0M)
($81.0M)
Accounts receivable, net
($99.0M)
($103.0M)
($126.0M)
($270.0M)
Prepaid expenses
($23.0M)
($67.0M)
($27.0M)
($21.0M)
Other current assets
$10.0M
$5.0M
$16.0M
$78.0M
Accounts payable, accrued expenses and other
$212.0M
$155.0M
$181.0M
$198.0M
Change in deferred revenues
$542.0M
$330.0M
$215.0M
$174.0M
Change in liability for guest loyalty program
($61.0M)
$242.0M
$337.0M
$31.0M
Change in other liabilities
($56.0M)
($58.0M)
$284.0M
($11.0M)
Other
($124.0M)
($74.0M)
($84.0M)
($73.0M)
Net cash provided by operating activities
$2.1B
$2.0B
$1.9B
$1.7B
Capital expenditures for property and equipment
($101.0M)
($96.0M)
($151.0M)
($39.0M)
Cash paid for acquisitions, net of cash acquired
($4.0M)
($236.0M)
—
—
Issuance of financing receivables
($3.0M)
($15.0M)
($22.0M)
$46.0M
Payments received on financing receivables
$0
$7.0M
—
—
Settlements of undesignated derivative financial instruments
$5.0M
($7.0M)
($26.0M)
$79.0M
Proceeds from asset dispositions
$0
$8.0M
$5.0M
$0
Capitalized software costs
($84.0M)
($102.0M)
($96.0M)
($63.0M)
Investments in unconsolidated affiliates
($3.0M)
($5.0M)
($15.0M)
($53.0M)
Net cash used in investing activities
($190.0M)
($446.0M)
($305.0M)
($123.0M)
Borrowings
$2.9B
$2.3B
$609.0M
$23.0M
Repayment of debt
($1.9B)
($330.0M)
($183.0M)
($48.0M)
Debt issuance costs
($27.0M)
($32.0M)
($20.0M)
—
Dividends paid
($143.0M)
($150.0M)
($158.0M)
($123.0M)
Repurchases of common stock, including excise tax payments
($3.2B)
($2.9B)
($2.3B)
($1.6B)
Share-based compensation tax withholdings
($72.0M)
($72.0M)
($54.0M)
$58.0M
Proceeds from share-based compensation
76.0M
93.0M
51.0M
29.0M
Settlements of interest rate swap with financing component
$41.0M
$56.0M
$53.0M
$2.0M
Net cash used in financing activities
($2.3B)
($1.0B)
($2.0B)
($1.8B)
Effect of exchange rate changes on cash, restricted cash and cash equivalents
$3.0M
($21.0M)
($12.0M)
($19.0M)
Net increase (decrease) in cash, restricted cash and cash equivalents
($406.0M)
$501.0M
($411.0M)
($226.0M)
Cash, restricted cash and cash equivalents, beginning of period
$1.4B
$875.0M
$1.3B
$1.5B
Cash, restricted cash and cash equivalents, end of period
$970.0M
$1.4B
$875.0M
$1.3B
Hilton Worldwide Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$865.0M
$383.0M
$1.2B
$742.0M
Amortization of contract acquisition costs
$32.0M
$15.0M
$42.0M
$27.0M
Depreciation and amortization expenses
$99.0M
$50.0M
$130.0M
$84.0M
Loss (gain) on foreign currency transactions
$12.0M
$5.0M
$8.0M
($1.0M)
Share-based compensation expense
$106.0M
$45.0M
$135.0M
$91.0M
Deferred income taxes
($28.0M)
($25.0M)
$30.0M
($18.0M)
Contract acquisition costs, net of refunds
($77.0M)
($26.0M)
($103.0M)
($72.0M)
Change in deferred revenues
$26.0M
$36.0M
$91.0M
$85.0M
Change in liability for guest loyalty program
$164.0M
$108.0M
$218.0M
$186.0M
Working capital changes and other
($109.0M)
$27.0M
$212.0M
($14.0M)
Net cash provided by operating activities
$1.1B
$618.0M
$1.9B
$1.1B
Capital expenditures for property and equipment
($21.0M)
($9.0M)
($71.0M)
($42.0M)
Issuance of financing receivables
($15.0M)
($10.0M)
$0
$0
Settlements of undesignated derivative financial instruments
$4.0M
$3.0M
$7.0M
$0
Capitalized software costs
($47.0M)
($22.0M)
($62.0M)
($41.0M)
Other
($1.0M)
($1.0M)
—
—
Net cash used in investing activities
($80.0M)
($39.0M)
($130.0M)
($86.0M)
Borrowings
$1.6B
—
$1.9B
$650.0M
Repayment of debt
($580.0M)
($8.0M)
($1.4B)
($881.0M)
Debt issuance costs
($21.0M)
($6.0M)
($15.0M)
$0
Dividends paid
($69.0M)
($35.0M)
($108.0M)
($73.0M)
Repurchases of common stock
($1.8B)
($821.0M)
($2.4B)
($1.6B)
Share-based compensation tax withholdings
($72.0M)
($71.0M)
($72.0M)
($72.0M)
Proceeds from share-based compensation
51.0M
11.0M
47.0M
40.0M
Settlements of interest rate swap with financing component
$7.0M
$7.0M
$31.0M
$20.0M
Acquisition of redeemable noncontrolling interests
($5.0M)
—
—
—
Net cash used in financing activities
($911.0M)
($923.0M)
($2.1B)
($2.0B)
Effect of exchange rate changes on cash, restricted cash and cash equivalents
($5.0M)
($7.0M)
$6.0M
$8.0M
Net increase (decrease) in cash, restricted cash and cash equivalents
$94.0M
($351.0M)
($250.0M)
($928.0M)
Cash, restricted cash and cash equivalents, beginning of period
$970.0M
$970.0M
$1.4B
$1.4B
Cash, restricted cash and cash equivalents, end of period