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Hilton Worldwide Holdings Inc.HLT

Sector
Other
Industry
Hotels & Motels
Exchange
NYSE

Stock Price $HLT

Latest filings

You are here#14 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K119

HLT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 119 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jan ’17Jan ’17
  2. Leadership change8-K · Aug ’18Aug ’18
  3. FY2020 annual report10-K · Feb ’21Feb ’21
  4. Material agreement8-K · Jul ’25Jul ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  14. $12.04B
YoY changeLargest recent move−54.4%in FY20Latest +7.7%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All HLT Financial Metrics58 metrics

Income Statement13

Balance Sheet27

Cash Flow13

Per Share5

02—Overview

Hilton Worldwide Holdings Inc. Financial Overview 2021–2025

Updated Jul 10, 2026

Hilton's loyalty engine hit a critical tipping point in FY2025, reaching 243 million members and proving the sheer scale of its asset-light franchise model. This massive captive audience validates the core investment thesis: Hilton effortlessly converts top-line global travel demand into high-margin management fees, bypassing heavy real estate costs to maximize capital returns. By offloading the capital expenditure of physical hotel ownership, the company can rapidly expand its footprint while directing surplus cash straight to shareholders.

The financial impact of this strategy is evident in how Hilton Honors scaled from 128 million members in FY2021 to 243 million members in FY2025, fueling a global system that generated $12.04 billion in total revenuesa and $3.725 billion in Adjusted EBITDA during FY2025. Instead of sinking cash into brick-and-mortar assets, Hilton systematically retired its own equity, shrinking its outstanding base from 0.28 billion shares in FY2021 to 0.23 billion shares in FY2025 after executing $3.2 billion in stock repurchases during that year alone. This fee-driven momentum accelerated into Q1 2026, with total revenues climbing 8.8% year-over-year to $2.94 billion alongside a global development pipeline of 3,768 hotels. At the close of FY2025, the market rewarded this cash-generating efficiency, pricing the stock at $287.25 and a premium 46.9x earnings multiple to support a $66.2 billion market cap.

Recent Developments (Q4 2025 and Q1 2026)

Hilton accelerated its profitability, with Q1 2026 net income jumping 28.3% year-over-year to $385 millionb and diluted EPS reaching $1.66. Operating leverage improved through an 11.4% surge in franchise and licensing fees, lifting the core segment's Adjusted EBITDA by 12.8% to $908 million. System-wide RevPAR expanded 3.6%.

In May 2026, the company issued $1 billionc in 5.500% Senior Notes due 2031 to repay $450 million in credit facility debt. Leadership transitions are also underway, with Global Brands President Christopher W. Silcock retiring in Q1 2027. Bulls emphasize the high-margin fee momentum and aggressive capital returns, highlighted by a new $3.5 billion repurchase authorization. Conversely, bears caution that a $12.5 billion debt load and sluggish U.S. business travel could restrict free cash flows. Trading at 52.8x earnings as of April 28, 2026, the stock appears richly valued against near-term growth projections.

What to watch: U.S. business travel occupancy trends; progress on the external Chief Technology Officer search.

03—Filings

Recent SEC Filings

  1. 8-KHilton Worldwide Holdings Inc. 8-K Report, Financial Results (Jul 28, 2026)Hilton Worldwide Holdings Inc. (HLT) has filed an 8-K report on July 28, 2026, to announce its financial results for the second quarter ended June 30, 2026. The core of this filing is the accompanying press release (Exhibit 99.1), which provides investors with the operational and financial performance for the period. Investors should refer to this press release for specific financial figures and management's commentary on the results. While the 8-K itself is a procedural filing, it directs stakeholders to the furnished press release for the substantive details. This means the key performance indicators, revenue figures, profitability metrics, and any forward-looking statements or guidance related to the second quarter of 2026 will be found within Exhibit 99.1. The filing emphasizes that the information furnished is not considered "filed" under Section 18 of the Exchange Act, a standard disclaimer for 8-K earnings releases.
  2. 8-KHilton Worldwide Holdings Inc. 8-K Report, Executive Changes (May 18, 2026)Hilton Worldwide Holdings Inc. (HLT) filed an 8-K on May 18, 2026, detailing the results of its 2026 Annual Meeting of Stockholders held on May 14, 2026. The most significant outcome for investors is the approval of the Hilton Amended and Restated 2017 Omnibus Incentive Plan. This plan authorizes an additional 846,000 shares for issuance and extends the plan's term by ten years to May 14, 2036. This move indicates a continued commitment to using equity-based compensation to incentivize management and align their interests with shareholders over the long term. Furthermore, the meeting saw the election of directors for the upcoming year, the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026, and advisory votes on executive compensation. Stockholders approved the executive compensation packages in a non-binding vote and opted for an annual advisory vote on executive compensation moving forward, reinforcing a preference for regular oversight of executive pay.
  3. 8-KHilton Worldwide Holdings Inc. 8-K Report, Material Agreement (May 11, 2026)Hilton Worldwide Holdings Inc. (HLT), through its indirect subsidiary Hilton Domestic Operating Company Inc., has successfully issued and sold $1 billion in aggregate principal amount of 5.500% Senior Notes due 2031. This offering was made to qualified institutional buyers and non-U.S. persons, utilizing exemptions under Rule 144A and Regulation S, respectively. The notes were issued at par, indicating favorable market reception and a 5.500% annual interest rate, payable semi-annually. The maturity date for these notes is September 15, 2031. The proceeds from this issuance are strategically allocated to repay $450 million of existing borrowings under the Issuer's senior secured revolving credit facility, with the remaining balance designated for general corporate purposes. This move suggests a proactive approach to managing the company's debt structure, potentially lowering borrowing costs or improving financial flexibility. The notes are senior unsecured obligations of the Issuer, ranking equally with other senior indebtedness, and are guaranteed on a senior unsecured basis by Hilton Worldwide Parent LLC, the Company (Hilton Worldwide Holdings Inc.), and certain wholly-owned subsidiaries.
  4. 8-KHilton Worldwide Holdings Inc. 8-K Report, Executive Changes (May 5, 2026)Hilton Worldwide Holdings Inc. (HLT) has announced a significant leadership transition plan, signaling a proactive approach to succession planning. Christopher W. Silcock, President of Global Brands & Commercial Services, intends to retire in the first quarter of 2027. This planned retirement has prompted several executive-level realignments aimed at ensuring a smooth handover and strengthening key functional areas of the business. Investors should note the strategic shifts in key roles. Laura Fuentes will transition to Chief Brand Officer, a move that could indicate an increased focus on brand strategy and development. Chris Wilroy's addition to the Executive Committee as Chief Commercial Officer suggests a heightened emphasis on commercial strategy and execution. Furthermore, the establishment of a new Chief Technology Officer position highlights Hilton's commitment to leveraging technology for future growth and operational efficiency. The company is undertaking an external search for this critical role, underscoring its desire to bring in specialized expertise.
  5. 8-KHilton Worldwide Holdings Inc. 8-K Report, Financial Results (Apr 28, 2026)Hilton Worldwide Holdings Inc. (HLT) has filed an 8-K report on April 28, 2026, to disclose its financial and operational results for the first quarter ended March 31, 2026. The core of this filing is a press release (Exhibit 99.1) that provides detailed insights into the company's performance. Investors should pay close attention to this press release for key financial metrics and operational updates that will shape their investment decisions. While the 8-K itself is a brief administrative filing, the furnished press release is where the substantive information resides. This includes the company's revenue, profitability, occupancy rates, development pipeline, and management's commentary on market conditions and future outlook. Investors are encouraged to review Exhibit 99.1 for a comprehensive understanding of Hilton's performance during the quarter and its strategic direction moving forward.
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04—See also

Related Companies

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