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Hilton

Hilton (HLT) Q2 2026 Earnings

Reported Jul 28, 2026 at 6:01 AM ET · SEC Source

Q2 26 EPS

$2.29

BEAT +0.89%

Est. $2.27

Q2 26 Revenue

$3.34B

BEAT +0.61%

Est. $3.32B

vs S&P Since Q2 26

-7.1%

TRAILING MARKET

HLT -2.2% vs S&P +4.9%

Market Reaction

Did HLT Beat Earnings? Q2 2026 Results

Hilton Worldwide Holdings delivered a solid second quarter, posting adjusted diluted EPS of $2.29 against a consensus estimate of $2.27, a beat of 0.89% that extended the company's streak of exceeding consensus EPS expectations to five consecutive qu… Read more Hilton Worldwide Holdings delivered a solid second quarter, posting adjusted diluted EPS of $2.29 against a consensus estimate of $2.27, a beat of 0.89% that extended the company's streak of exceeding consensus EPS expectations to five consecutive quarters. Revenue climbed to $3.34 billion, up 6.5% year-over-year and ahead of the $3.32 billion Wall Street had anticipated, with the outperformance driven in large part by stronger-than-expected RevPAR growth and an early pull-forward of roughly $17 million in non-RevPAR items originally anticipated in the back half of the year. System-wide comparable RevPAR rose 3.9% on a currency-neutral basis, with the U.S. Leading regional performance at 5.4% growth, while Middle East and Africa weighed on results with a 29.5% decline tied to sharp occupancy compression. Hilton's development pipeline hit a record 541,300 rooms, supporting a net unit growth rate of 6.1%. Looking ahead, management guided full-year 2026 adjusted diluted EPS of $8.89 to $9.01, with RevPAR growth projected at 3.0% to 3.5% and approximately $3.50 billion in capital returns planned for the year.

Key Takeaways

  • • System-wide comparable RevPAR increased 3.9% on a currency neutral basis driven by increases in both occupancy and ADR
  • • Management and franchise fee revenues increased 6.4% year-over-year
  • • $17 million of non-RevPAR items pulled forward from second half into Q2
  • • U.S. RevPAR growth of 5.4% led all regions
  • • Room openings up 50% sequentially from Q1 2026
  • • Adjusted EBITDA margin expanded to 76.6% from 75.2% in Q2 2025

HLT Forward Guidance & Outlook

Full year 2026: System-wide comparable RevPAR growth of 3.0%–3.5% (currency neutral). Diluted EPS of $8.22–$8.35; adjusted diluted EPS of $8.89–$9.01. Net income of $1,883M–$1,911M. Adjusted EBITDA of $4,040M–$4,080M. Capital return of approximately $3.5 billion. Net unit growth of 6.0%–7.0%, with second half expected to outperform first half. G&A expenses approximately $400M. Contract acquisition costs and capex approximately $300M. Q3 2026: RevPAR growth of approximately 4.0% (currency neutral), benefiting from World Cup and favorable calendar shifts. Q3 diluted EPS of $2.20–$2.26; adjusted diluted EPS of $2.28–$2.34. Q3 net income of $502M–$516M. Q3 Adjusted EBITDA of $1,035M–$1,055M. Q4 expected to face headwinds from unfavorable calendar shifts and midterm elections.

24/7 Wall St

HLT YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

HLT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“We delivered strong top and bottom-line results for the second quarter, driven by the continuation of strengthening demand trends and broad-based momentum across our system, which we expect to continue for the remainder of the year and into 2027. Our disciplined development strategy continues to drive strong results, with openings and approvals both increasing 50 percent sequentially from the first quarter and our pipeline ending the quarter at a record level. We remain confident in our ability to deliver net unit growth of 6.0% to 7.0% in 2026 and beyond.”

— Christopher J. Nassetta, Q2 2026 Earnings Press Release

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