Q2 25 EPS
$2.20
BEAT +7.80%
Est. $2.04
Q2 25 Revenue
$3.14B
BEAT +1.29%
Est. $3.10B
vs S&P Since Q2 25
+6.0%
BEATING MARKET
HLT +23.6% vs S&P +17.6%
Market Reaction
Did HLT Beat Earnings? Q2 2025 Results
Hilton Worldwide turned in a strong second quarter, beating Wall Street on both the top and bottom lines as its asset-light, fee-based model proved resilient against a choppy demand backdrop. Adjusted diluted EPS came in at $2.20, clearing the $2.04 … Read more Hilton Worldwide turned in a strong second quarter, beating Wall Street on both the top and bottom lines as its asset-light, fee-based model proved resilient against a choppy demand backdrop. Adjusted diluted EPS came in at $2.20, clearing the $2.04 consensus estimate by 7.80%, while revenue of $3.14 billion edged past expectations by 1.29% and rose 6.3% from a year ago. The key driver behind the profit beat was a 7.9% year-over-year increase in management and franchise fee revenues, which helped lift Adjusted EBITDA to $1.01 billion from $917 million, expanding margins to 75.2% from 72.2%, even as system-wide comparable RevPAR slipped 0.5% on a currency-neutral basis due to holiday shifts, softer government travel, and broader economic uncertainty. Hilton's development pipeline reached a record 510,600 rooms, up 4% year over year. Looking ahead, management guided full-year 2025 adjusted diluted EPS of $7.83 to $8.00, with RevPAR growth of flat to 2.0%, reflecting measured confidence in a gradual demand recovery.
Key Takeaways
- • Management and franchise fee revenues increased 7.9% year over year
- • Net unit growth of 7.5% from June 2024
- • Adjusted EBITDA margin expanded to 75.2% from 72.2% year over year
- • Record development pipeline of 510,600 rooms
- • Approved 36,200 new rooms for development during Q2
- • Luxury and lifestyle portfolio surpassed 1,000 hotels worldwide
HLT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
HLT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continued to demonstrate the power of our resilient business model as we delivered strong bottom line results in the quarter, even with modestly negative top line performance given holiday and calendar shifts, reduced government spending, softer international inbound business and broader economic uncertainty. With that being said, we believe the economy in our largest market is set up for better growth over the intermediate term, which should accelerate travel demand and, when paired with low industry supply growth, unlock stronger RevPAR growth. On the development side, we achieved the largest pipeline in our history, and we remain confident in our ability to deliver net unit growth between 6.0 percent and 7.0 percent for the next several years.”
— Christopher J. Nassetta, Q2 2025 Earnings Press Release
HLT Earnings Trends
HLT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HLT EPS Trend
Earnings per share: estimate vs actual
HLT Revenue Trend
Quarterly revenue: estimate vs actual
HLT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.97 | $2.01 | +1.78% | $2.94B | -0.43% |
| Q4 25 BEAT FY | $2.02 | $2.08 | +3.16% | $3.09B | +3.45% |
| FY Full Year | $8.07 | $8.11 | +0.44% | $12.04B | +0.90% |
| Q3 25 BEAT | $2.05 | $2.11 | +3.04% | $3.12B | +3.78% |
| Q2 25 BEAT | $2.04 | $2.20 | +7.80% | $3.14B | +1.29% |
| Q1 25 BEAT | $1.61 | $1.72 | +7.02% | $2.70B | -0.72% |