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Hilton

Hilton (HLT) Q1 2026 Earnings

Reported Apr 28, 2026 at 6:02 AM ET · SEC Source

Q1 26 EPS

$2.01

BEAT +1.78%

Est. $1.97

Q1 26 Revenue

$2.94B

MISS 0.43%

Est. $2.95B

vs S&P Since Q1 26

-4.8%

TRAILING MARKET

HLT +0.0% vs S&P +4.8%

Market Reaction

Did HLT Beat Earnings? Q1 2026 Results

Hilton Worldwide Holdings posted a solid first-quarter 2026 earnings beat, with adjusted diluted EPS of $2.01 topping the $1.97 consensus estimate by 1.83%, marking the fourth consecutive quarter the hotel giant has cleared Wall Street's EPS bar. Rev… Read more Hilton Worldwide Holdings posted a solid first-quarter 2026 earnings beat, with adjusted diluted EPS of $2.01 topping the $1.97 consensus estimate by 1.83%, marking the fourth consecutive quarter the hotel giant has cleared Wall Street's EPS bar. Revenue came in at $2.94 billion, up 9.0% year over year but fractionally shy of the $2.95 billion consensus, a minor shortfall that did little to overshadow the broader strength in the results. The primary engine behind the quarter's profit growth was the company's asset-light franchise model, where management and franchise fee revenues climbed 10.4% year over year as system-wide comparable RevPAR rose 3.6% on a currency-neutral basis; Adjusted EBITDA expanded to $901.00 million from $795.00 million a year ago. Hilton also raised its full-year 2026 outlook, now guiding for adjusted diluted EPS of $8.79 to $8.91, Adjusted EBITDA of $4.02 billion to $4.06 billion, and system-wide RevPAR growth of 2.0% to 3.0%, with at least one analyst firm subsequently lifting its price target on the stock to $375.

Key Takeaways

  • • System-wide comparable RevPAR increased 3.6% on currency neutral basis driven by increases in both occupancy and ADR
  • • Management and franchise fee revenues increased 10.4% year over year
  • • Strengthening demand trends since late 2025 supported by macroeconomic tailwinds most evident in the U.S.
  • • RevPAR growth across all chain-scales, brands, and customer segments
  • • Net unit growth of 6.3% year over year

HLT Forward Guidance & Outlook

Full Year 2026: System-wide comparable RevPAR projected to increase 2.0%–3.0% on a currency neutral basis; diluted EPS projected at $8.28–$8.40 (GAAP) and $8.79–$8.91 (adjusted); net income projected at $1,909M–$1,937M; Adjusted EBITDA projected at $4,020M–$4,060M; capital return approximately $3.5 billion; net unit growth of 6.0%–7.0%; G&A expenses approximately $400M; contract acquisition costs and capex approximately $300M. Q2 2026: RevPAR projected to increase 2.0%–3.0%; diluted EPS projected at $2.13–$2.19 (GAAP) and $2.18–$2.24 (adjusted); net income projected at $491M–$505M; Adjusted EBITDA projected at $1,015M–$1,035M. Q2 year-over-year comparisons impacted by one-time fees and favorable timing in Q2 2025 and anticipated lower Middle East RevPAR.

24/7 Wall St

HLT YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

HLT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We delivered great top and bottom-line results for the quarter with RevPAR growth across all chain-scales and brands and customer segments. The results demonstrate a continuation of strengthening demand trends we've seen since late 2025 that are supported by macroeconomic tailwinds most evident in the U.S. On the development side, we achieved the largest pipeline in our history, and we remain confident in our ability to deliver net unit growth of 6.0 percent to 7.0 percent in 2026 and beyond.”

— Christopher J. Nassetta, Q1 2026 Earnings Press Release

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