Hilton Worldwide Holdings Inc.
Financial Performance
Hilton Revenue & Financials
Revenue
$12B (FY2025)
Market Cap
$70.7B
Net Income
$1.5B
Employees
182,000
What is Hilton's revenue?
Hilton had $12B in revenue for fiscal year 2025, up 7.7% from 2024. Net income was $1.5B.
- Latest revenue
- $12B (FY2025)
- Year-over-year
- +7.7%
- Growth rate (CAGR)
- 7% over 9 years
- Peak revenue
- $12B (FY2025)
- Years of data
- 10
- Employees
- 182,000
Financial Analysis
Hilton's results reflect its shift from owning hotels to collecting fees. Revenue rose from $4.31 billion in pandemic-hit 2020 to $12.04 billion in 2025, while net income reached $1.46 billion in 2025 against $1.54 billion in 2024 (which included a tax benefit). Adjusted EBITDA grew about 9% to $3.73 billion in 2025, and Hilton returned $3.3 billion to shareholders through buybacks and dividends that year. In Q2 2026 revenue was about $3.34 billion, net income was $482 million, and adjusted EBITDA was $1.05 billion. Hilton raised its full-year 2026 guidance to 3.0% to 3.5% RevPAR growth and $4.04 billion to $4.08 billion of adjusted EBITDA, with about $3.5 billion of planned capital return. Hilton Worldwide Holdings Inc. is a massive global hospitality company, commanding a market valuation typically exceeding $50 billion.
Revenue Trend Analysis
YoY Change
+7.7%
9-Year CAGR
+7%
Peak Year
2025
Trend
Consistent Growth
Hilton Worldwide Holdings Inc. has 10 full fiscal year figures on this page, compounding at +7% annually over 9 years. The most recent year saw a 7.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $12B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Hilton Worldwide Holdings Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.1B | $101M | $16.8B | $22.1B | -$5.4B | $2B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2B | $96M | $16.5B | $20.2B | -$3.7B | $1.9B | Form 10-K |
| FY2023ended Dec 31, 2023 | $1.9B | $151M | $15.4B | $17.7B | -$2.4B | $1.8B | Form 10-K |
| FY2022ended Dec 31, 2022 | $1.7B | $39M | $15.5B | $16.6B | -$1.1B | $1.6B | Form 10-K |
| FY2021ended Dec 31, 2021 | $109M | $35M | $15.4B | $16.3B | -$821M | $74M | Form 10-K |
| FY2020ended Dec 31, 2020 | $708M | $46M | $16.8B | $18.2B | -$1.5B | $662M | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.4B | $81M | $15B | $15.4B | -$482M | $1.3B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.3B | $72M | $14B | $13.4B | $551M | $1.2B | Form 10-K |
| FY2017ended Dec 31, 2017 | $849M | $58M | $14.2B | $12.5B | $1.7B | $791M | Form 10-K |
| FY2016ended Dec 31, 2016 | $1.3B | $317M | $26.2B | $20.4B | $5.9B | $993M | Form 10-K |
Keep researching Hilton
Hilton Revenue and Financial FAQ
What is the annual fee revenue and adjusted EBITDA scale of Hilton Worldwide Holdings Inc.?
Hilton generates over $10 billion to $11+ billion in annual total revenues (generating over $3.0 billion to $3.3+ billion in high-margin management and franchise fee revenue), delivering adjusted EBITDA of $3.0 billion to $3.4+ billion and generating $2.0 billion to $2.5+ billion in free cash flow.
What is Hilton's capital allocation framework regarding shareholder returns?
Hilton returns virtually 100% of its annual free cash flow to shareholders, distributing regular quarterly cash dividends and deploying $2.0 billion to $2.5+ billion annually in share repurchases, reducing its outstanding common share count by over 30% since its 2013 IPO.
What is Hilton's debt structure and financial leverage target?
Hilton manages an investment-grade credit profile with a target financial leverage of 3.0x to 3.5x net debt to adjusted EBITDA, maintaining staggered long-term senior bond maturities and multi-billion-dollar revolving credit liquidity.
How did the 2017 spin-offs of Park Hotels & Resorts and Hilton Grand Vacations complete the asset-light transition?
In January 2017, Hilton completed the tax-free spin-offs of its owned hotel real estate into Park Hotels & Resorts (a publicly traded REIT) and its timeshare business into Hilton Grand Vacations, transforming Hilton Worldwide into a pure-play, capital-light fee-generating brand leader.
What proportion of Hilton's hotel development pipeline is financed by third-party capital?
Over 99% of the hotel construction CapEx for Hilton's 460,000+ room development pipeline is funded entirely by third-party real estate owners and institutional investors, allowing Hilton to grow global room count rapidly without taking on balance sheet debt.
How do business transient, group meetings, and leisure travel demand drive quarterly earnings?
Hilton benefits from a diversified customer mix: business transient travel accounts for ~50% of room nights, leisure travel represents ~30%, and corporate group conventions/meetings contribute ~20%, providing balanced year-round revenue stability.
What is Hilton's geographic revenue distribution across international markets?
The Americas (primarily the United States) represents approximately 70% to 75% of adjusted EBITDA, with Europe, Middle East & Africa (EMEA) generating 15% to 18%, and Asia-Pacific (led by rapid hotel growth in China) contributing 10% to 12%.
What is Hilton's return on invested capital (ROIC) track record?
Because of its pure-play asset-light licensing model, Hilton delivers notable Return on Invested Capital (ROIC) exceeding 35% to 45%, ranking among the highest capital efficiency profiles across the global travel and consumer discretionary sectors.
Who owns Hilton Worldwide?
It is currently a massive public company (HLT). However, in 2007, the private equity giant Blackstone executed a historic $26 billion leveraged buyout of Hilton right before the financial crash. Despite massive early losses, Blackstone brilliantly restructured the company, took it public again in 2013, and walked away with a legendary $14 billion profit.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Hilton Revenue & Financials." CorpDigest, https://corpdigest.com/company/hilton/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Hilton reported $12B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/hilton/financials" target="_blank" rel="noopener">CorpDigest — Hilton financials</a></div>Related Financial Audits
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