Hilton Worldwide Holdings (HLT) Q2 FY2026 earnings: revenue $3.3 billion, up 6.5% on the year

Hilton Worldwide Holdings Inc. (HLT) reported revenue of $3.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 6.5% on the same quarter a year earlier. Net income was $482 million, up 9.5% on the year, and diluted earnings per share $2.10. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue

$3.3 billion

+6.5% on the year · +13.8% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

25.7%

24.8% a year earlier

Q3 FY2024Q2 FY2026

Net income

$482 million

+9.5% on the year · +25.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$2.10

+14.1% on the year · +26.5% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 lowered, 5 new, 4 kept.

Second-quarter earnings per share rose: Diluted EPS was $2.10 against $1.84 a year earlier, and $2.29 against $2.20 adjusted for special items. Net income was $482 million against $442 million.
U.S. RevPAR grew 5.4 percent: U.S. comparable RevPAR rose to $139.28, with ADR up 3.2 percent and occupancy up 1.6 points to 77.3 percent. Europe RevPAR rose 4.3 percent.
Middle East and Africa RevPAR fell 29.5 percent: Occupancy in the region was down 16.1 points and ADR down 8.1 percent. Asia Pacific RevPAR rose 1.2 percent, and Americas excluding the U.S. rose 4.6 percent.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	3,341	2,937	3,137	+13.8%	+6.5%
Operating income	858	678	778	+26.5%	+10.3%
Operating margin	25.7%	23.1%	24.8%
Interest expense	183	162	151	+13.0%	+21.2%
Pre-tax income	680	518	629	+31.3%	+8.1%
Income tax	198	135	187	+46.7%	+5.9%
Effective tax rate	29.1%	26.1%	29.7%
Net income	482	385	440	+25.2%	+9.5%
Net margin	14.4%	13.1%	14.0%
Diluted EPS	$2.10	$1.66	$1.84	+26.5%	+14.1%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	472	618	658	-23.6%	-28.3%
Capital expenditure	12.0	9.0	23.0	+33.3%	-47.8%
Free cash flow	460	609	635	-24.5%	-27.6%
Free cash flow margin	13.8%	20.7%	20.2%
Cash from investing	-41.0	-39.0	-36.0
Cash from financing	12.0	-923	-986
Depreciation and amortisation	49.0	50.0	43.0	-2.0%	+14.0%
Share-based compensation	61.0	45.0	55.0	+35.6%	+10.9%
Buybacks	966	821	769	+17.7%	+25.6%
Dividends paid	34.0	35.0	36.0	-2.9%	-5.6%
Dividend per share	$0.15	$0.15	$0.15	0.0%	0.0%
Diluted shares, weighted	229m	232m	239m	-1.3%	-4.2%
Shares outstanding at period end	226m	228m	236m	-1.2%	-4.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	-6,303	-5,905	-4,590
Non-controlling interest	28.0	27.0	26.0	+3.7%	+7.7%
Redeemable equity	5.0	11.0	15.0	-54.5%	-66.7%
Debt	13,343	12,334	10,909	+8.2%	+22.3%
Operating lease liabilities	680	699	749	-2.7%	-9.2%
Other liabilities	9,175	9,219	8,795	-0.5%	+4.3%
Total liabilities and equity	16,928	16,385	15,904	+3.3%	+6.4%
Fixed assets	656	665	437	-1.4%	+50.1%
Goodwill	5,068	5,070	5,084	-0.0%	-0.3%
Cash and equivalents	1,009	564	371	+78.9%	+172.0%
Receivables	1,790	1,684	1,676	+6.3%	+6.8%
Other assets	8,405	8,402	8,336	+0.0%	+0.8%
Total assets	16,928	16,385	15,904	+3.3%	+6.4%

Questions

What was Hilton Worldwide Holdings' revenue in Q2 FY2026?

Hilton Worldwide Holdings (HLT) reported revenue of $3.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 6.5% on the same quarter a year earlier.

How much did Hilton Worldwide Holdings earn in Q2 FY2026?

Net income for Q2 FY2026 was $482 million, up 9.5% on the year, and diluted earnings per share $2.10.

When did Hilton Worldwide Holdings report Q2 FY2026 results?

Hilton Worldwide Holdings filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 28 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,836	1,721	2,240	2,368	2,444	2,293	2,660	2,673	2,609	2,573	2,951	2,867	2,783	2,695	3,137	3,120	3,087	2,937	3,341	3,325
Operating income	333	369	598	623	504	498	674	653	400	533	725	623	489	536	778	777	602	678	858	909
Operating margin	18%	21%	27%	26%	21%	22%	25%	24%	15%	21%	25%	22%	18%	20%	25%	25%	20%	23%	26%	27%
Interest expense	95.0	90.0	99.0	106	120	116	111	113	124	131	141	140	157	145	151	159	165	162	183	184
Pre-tax income	237	291	513	527	403	302	568	548	274	365	591	491	336	410	629	604	429	518	680	722
Tax rate	38%	27%	28%	34%	17%	31%	27%	31%	45%	27%	29%	30%	-50%	27%	30%	30%	31%	26%	29%	26%
Net income	147	212	368	347	328	206	411	377	147	265	421	344	505	300	440	420	297	385	482	536
Net margin	8%	12%	16%	15%	13%	9%	15%	14%	6%	10%	14%	12%	18%	11%	14%	13%	10%	13%	14%	16%
Diluted EPS	$0.53	$0.75	$1.32	$1.26	$1.21	$0.77	$1.55	$1.44	$0.57	$1.04	$1.67	$1.38	$2.06	$1.23	$1.84	$1.78	$1.27	$1.66	$2.10	$2.37
Operating cash flow	131	195	333	671	482	330	464	687	465	346	421	664	582	452	658	816	203	618	472	721
Capital expenditure	18.0	4.0	7.0	8.0	20.0	44.0	30.0	35.0	42.0	16.0	15.0	17.0	48.0	19.0	23.0	29.0	30.0	9.0	12.0	32.0
Free cash flow	113	191	326	663	462	286	434	652	423	330	406	647	534	433	635	787	173	609	460	689
Buybacks	0.0	121	465	506	498	450	470	675	743	666	736	725	766	875	769	759	779	821	966	846
Dividends paid	0.0	0.0	41.0	41.0	41.0	41.0	40.0	39.0	38.0	39.0	37.0	37.0	37.0	37.0	36.0	35.0	35.0	35.0	34.0	34.0
Shares outstanding	279m	279m	276m	272m	268m	265m	262m	258m	253m	251m	248m	245m	242m	239m	236m	233m	230m	228m	226m	223m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 28 July 2026: the filing.