Q2 26 EPS
$1.12
BEAT +21.03%
Est. $0.93
Q2 26 Revenue
$1.83B
BEAT +0.66%
Est. $1.82B
vs S&P Since Q2 26
-8.3%
TRAILING MARKET
H -4.1% vs S&P +4.2%
Market Reaction
Did H Beat Earnings? Q2 2026 Results
Hyatt Hotels Corp delivered a standout second quarter for fiscal 2026, posting earnings per share of $1.12 against a consensus estimate of $0.93, a beat of 21.03%, while revenue of $1.83 billion edged ahead of the $1.82 billion estimate and grew 1.2%… Read more Hyatt Hotels Corp delivered a standout second quarter for fiscal 2026, posting earnings per share of $1.12 against a consensus estimate of $0.93, a beat of 21.03%, while revenue of $1.83 billion edged ahead of the $1.82 billion estimate and grew 1.2% year over year. The headline driver was a 5.9% increase in comparable system-wide RevPAR in constant dollars, fueled by strength in luxury and upper upscale properties and robust group and leisure transient demand, though geopolitical conflict in the Middle East shaved roughly 110 basis points from that growth figure. Gross fees climbed 7.8% to $324 million, with base management fees up 10.2% partly reflecting contributions from the Playa acquisition, while Adjusted EBITDA rose 3.4% to $297 million. Net income attributable to Hyatt swung to $110 million from a loss of $3 million a year ago. Looking ahead, management raised its full-year RevPAR growth outlook to 3.5%-4.5%, citing FIFA World Cup tailwinds in the U.S., and maintained Adjusted EBITDA guidance of $1.16 billion to $1.21 billion, with capital returns to shareholders projected at $325 million to $375 million for the year.
Key Takeaways
- • Luxury and Upper Upscale chain scales drove RevPAR growth in Q2
- • Leisure transient and group RevPAR each delivered strong growth
- • Base management fees up 10.2% driven by managed hotel RevPAR, U.S. strength, and Playa acquisition fees
- • Non-RevPAR fee contributions drove franchise and other fees growth
- • World of Hyatt membership grew 17% year-over-year to approximately 69 million members
- • FIFA World Cup boosted U.S. RevPAR performance
H Forward Guidance & Outlook
For full year 2026, Hyatt projects: comparable system-wide hotels RevPAR growth of 3.5% to 4.5% (raised from prior outlook reflecting strong U.S. Q2 performance including FIFA World Cup); net rooms growth of approximately 6%; net income attributable to Hyatt of $250M to $335M; gross fees of $1,305M to $1,335M (9% to 11% growth); Adjusted EBITDA of $1,155M to $1,205M (13% to 18% growth adjusted for asset sales and Playa ownership period); Adjusted G&A expenses of $440M to $450M; capital expenditures of approximately $135M; Adjusted Free Cash Flow of $580M to $630M; and capital returns to shareholders of $325M to $375M. U.S. RevPAR is now expected to grow 3% to 4%. Net Package RevPAR growth is expected to remain positive but lower than previous expectations due to slower recovery pace in Mexico. Distribution segment Adjusted EBITDA is expected to decline approximately $25M for the full year versus 2025. Some hotel openings may shift into early 2027.
H YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
H Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our strong second quarter results reflect the continued strength of Hyatt's differentiated portfolio and the deep engagement of our high-value guests around the world. The resilience of our core fee business enabled us to absorb temporary regional headwinds while maintaining our full year outlook. Although we are taking a measured view on the timing of openings later this year, continued signing momentum and a high-quality development pipeline reinforce our confidence in Hyatt's long-term growth model and value creation strategy.”
— Mark S. Hoplamazian, Q2 2026 Earnings Press Release
H Earnings Trends
H vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
H EPS Trend
Earnings per share: estimate vs actual
H Revenue Trend
Quarterly revenue: estimate vs actual
H Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.93 | $1.12 | +21.03% | $1.83B | +0.66% |
| Q1 26 BEAT | $0.57 | $0.63 | +10.76% | $1.75B | +0.79% |
| Q4 25 BEAT FY | $0.34 | $1.33 | +285.62% | $1.79B | -0.27% |
| FY Full Year | $1.43 | $2.19 | +53.08% | $7.10B | +0.66% |
| Q3 25 MISS | $0.49 | $-0.30 | -161.79% | $1.79B | -1.30% |
| Q2 25 BEAT | $0.67 | $0.68 | +1.83% | $1.81B | +3.60% |
| Q1 25 BEAT | $0.36 | $0.46 | +28.82% | $1.72B | +0.59% |