Q4 25 EPS
$2.08
BEAT +3.16%
Est. $2.02
Q4 25 Revenue
$3.09B
BEAT +3.45%
Est. $2.98B
vs S&P Since Q4 25
-3.2%
TRAILING MARKET
HLT +4.4% vs S&P +7.6%
Full Year 2025 Results
FY 25 EPS
$8.11
BEAT +0.44%
Est. $8.07
FY 25 Revenue
$12.04B
BEAT +0.90%
Est. $11.93B
Market Reaction
Did HLT Beat Earnings? Q4 2025 Results
Hilton wrapped up the fourth quarter of 2025 with a clean beat on both the top and bottom lines, as the hospitality giant's asset-light model continued to generate expanding fee income even as RevPAR growth remained modest. Adjusted EPS of $2.08 came… Read more Hilton wrapped up the fourth quarter of 2025 with a clean beat on both the top and bottom lines, as the hospitality giant's asset-light model continued to generate expanding fee income even as RevPAR growth remained modest. Adjusted EPS of $2.08 came in above the $2.02 consensus estimate by 2.97%, while revenue of $3.09 billion beat expectations by 3.62% and rose 10.9% year over year. The primary engine behind the outperformance was Hilton's fee-based business, with management and franchise fee revenues climbing 7.4% from a year ago, helping lift adjusted EBITDA to $946 million with a 73.0% adjusted margin. On the development front, the company added 97,000 rooms for the full year, pushing net unit growth to 6.7% and the pipeline to a record 520,500 rooms across 129 countries, context that reinforces the durability of future fee streams. Looking ahead, Hilton guided full-year 2026 adjusted diluted EPS to $8.65 to $8.77 and projected approximately $3.50 billion in capital returns, with CEO Nassetta pointing to improving demand trends and limited supply growth as tailwinds for RevPAR acceleration.
Key Takeaways
- • Management and franchise fee revenues increased 7.4% year-over-year in Q4
- • System-wide comparable RevPAR increased 0.5% in Q4 driven by ADR growth of 0.9%, partially offset by 0.3 percentage point occupancy decline
- • Middle East & Africa region led RevPAR growth at 15.9% in Q4
- • Adjusted EBITDA margin expanded to 73.0% in Q4 from 71.0% in Q4 2024
- • Net unit growth of 6.7% for full year 2025
HLT YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
HLT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered another quarter of strong bottom-line results, demonstrating the continued strength of our business model. As we look ahead to 2026, we are increasingly optimistic about the tailwinds building, including improving demand patterns, driven by broader macroeconomic growth and major global and domestic events, which, when paired with limited supply growth, should result in stronger RevPAR performance. The quality of our development pipeline, the introduction of our exciting new brands and partnerships, as well as the continued growth in the presence of our existing brands globally, give us confidence in delivering net unit growth between 6.0 percent and 7.0 percent in 2026 and beyond.”
— Christopher J. Nassetta, Q4 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% |