financial statements

The full income statement, balance sheet, and cash-flow statement for Hilton Worldwide Holdings Inc. Common Stock (HLT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	12.0B YoY+7.7%	11.2B YoY+9.2%	10.2B YoY+16.7%	8.77B YoY+51.6%	5.79B YoY+34.4%
Selling, general & administrative	393M YoY-5.3%	415M YoY+1.7%	408M YoY+6.8%	382M YoY-5.7%	405M YoY+30.2%
General & administrative	393M YoY-5.3%	415M YoY+1.7%	408M YoY+6.8%	382M YoY-5.7%	405M YoY+30.2%
Restructuring	—	—	—	0.00	0.00 YoY-100.0%
Operating income	2.69B YoY+13.6%	2.37B YoY+6.5%	2.23B YoY+6.3%	2.09B YoY+107.3%	1.01B YoY+341.6%
Interest expense	620M YoY+9.0%	569M YoY+22.6%	464M YoY+11.8%	415M YoY+4.5%	397M YoY-7.5%
Other non-operating income	10.0M YoY+266.7%	-6.00M YoY-115.4%	39.0M YoY-22.0%	50.0M YoY+117.4%	23.0M YoY+1250.0%
Pre-tax income	2.07B YoY+16.2%	1.78B YoY+5.4%	1.69B YoY-2.4%	1.73B YoY+209.6%	560M YoY+160.6%
Income tax	611M YoY+150.4%	244M YoY-54.9%	541M YoY+13.4%	477M YoY+211.8%	153M YoY+175.0%
	1.46B YoY-5.1%	1.53B YoY+34.5%	1.14B YoY-9.1%	1.25B YoY+206.1%	410M YoY+157.3%
Net income to non-controlling interest	4.00M YoY+0.0%	4.00M YoY-60.0%	10.0M YoY+400.0%	2.00M YoY+166.7%	-3.00M YoY+40.0%
Net income to common	1.46B YoY-5.1%	1.53B YoY+34.5%	1.14B YoY-9.1%	1.25B YoY+206.1%	410M YoY+157.3%
	$6.12 YoY-0.3%	$6.14 YoY+41.8%	$4.33 YoY-4.4%	$4.53 YoY+210.3%	$1.46 YoY+156.6%
EPS (basic)	$6.18 YoY-0.3%	$6.20 YoY+42.2%	$4.36 YoY-4.4%	$4.56 YoY+210.2%	$1.47 YoY+157.0%
Weighted-avg shares (basic)	236M YoY-4.8%	248M YoY-5.3%	262M YoY-4.7%	275M YoY-1.4%	279M YoY+0.7%
Weighted-avg shares (diluted)	238M YoY-4.8%	250M YoY-5.3%	264M YoY-4.7%	277M YoY-1.4%	281M YoY+1.4%
Dividends per share	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+33.3%	$0.45	$0.00 YoY-100.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.00B YoY-8.4%	3.27B YoY+25.2%	2.61B YoY-8.9%	2.87B YoY-0.0%	2.87B YoY-31.7%
Cash & equivalents	918M YoY-29.4%	1.30B YoY+62.6%	800M YoY-33.8%	1.21B YoY-15.3%	1.43B YoY-55.7%
Accounts receivable	1.69B YoY+6.8%	1.58B YoY+6.5%	1.49B YoY+12.1%	1.33B YoY+24.3%	1.07B YoY+38.5%
Inventory	541M YoY+0.0%	541M YoY+0.0%	541M YoY+0.0%	541M YoY+0.0%	541M YoY+0.0%
Prepaid expenses	219M YoY+13.5%	193M YoY+47.3%	131M YoY+24.8%	105M YoY+18.0%	89.0M YoY+27.1%
Other current assets	117M YoY-2.5%	120M YoY-0.8%	121M YoY-20.4%	152M YoY-24.8%	202M YoY+106.1%
	16.8B YoY+1.5%	16.5B YoY+7.3%	15.4B YoY-0.7%	15.5B YoY+0.5%	15.4B YoY-7.8%
Property, plant & equipment	684M YoY+66.4%	411M YoY+7.6%	382M YoY+36.4%	280M YoY-8.2%	305M YoY-11.8%
Operating lease right-of-use	577M YoY+1.8%	567M YoY-8.3%	618M YoY-6.6%	662M YoY-4.6%	694M YoY-10.1%
Goodwill	5.08B YoY+0.9%	5.04B YoY-0.3%	5.05B YoY+0.4%	5.03B YoY-0.8%	5.07B YoY-0.5%
Intangible assets	447M YoY+4.2%	429M YoY+44.0%	298M YoY-54.4%	653M YoY+0.0%	653M YoY+0.0%
Deferred tax assets	194M YoY+0.0%	194M YoY+0.0%	194M YoY+0.0%	194M YoY+0.0%	194M YoY+0.0%
Other non-current assets	484M YoY-3.2%	500M YoY-2.3%	512M YoY-11.1%	576M YoY+27.4%	452M YoY+39.9%
Total non-current assets	13.8B YoY+4.0%	13.3B YoY+3.6%	12.8B YoY+1.1%	12.6B YoY+0.6%	12.6B YoY+0.1%
	4.51B YoY-4.1%	4.70B YoY+26.3%	3.72B YoY+10.4%	3.37B YoY+11.7%	3.02B YoY+24.2%
Accounts payable	376M YoY-8.1%	409M YoY-10.5%	457M YoY+24.2%	368M YoY+34.3%	274M YoY+22.3%
Accrued liabilities	2.34B YoY+10.0%	2.12B YoY+7.3%	1.98B YoY+10.6%	1.79B YoY+14.2%	1.57B YoY+20.4%
Deferred revenue	858M YoY+29.2%	664M YoY+32.3%	502M YoY+15.9%	433M YoY+23.7%	350M YoY-5.4%
Short-term & current debt	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%	11.0M YoY+0.0%
Current lease liability	121M YoY+3.4%	117M YoY+0.9%	116M YoY+3.6%	112M YoY-20.0%	140M YoY-17.6%
	22.1B YoY+9.4%	20.2B YoY+13.9%	17.7B YoY+6.9%	16.6B YoY+2.2%	16.3B YoY-10.9%
Deferred revenue (non-current)	1.65B YoY+26.8%	1.30B YoY+14.8%	1.13B YoY+14.8%	986M YoY+10.0%	896M YoY-10.8%
Non-current lease liability	730M YoY-0.7%	735M YoY-9.0%	808M YoY-2.9%	832M YoY-4.4%	870M YoY-10.4%
Deferred tax liabilities	795M YoY+0.0%	795M YoY+0.0%	795M YoY+0.0%	795M YoY+0.0%	795M YoY+0.0%
Other non-current liabilities	950M YoY+1.0%	941M YoY-5.7%	998M YoY+44.2%	692M YoY-7.2%	746M YoY-24.6%
	-5.39B YoY-44.6%	-3.73B YoY-57.9%	-2.36B YoY-114.2%	-1.10B YoY-34.2%	-821M YoY+44.9%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%
Additional paid-in capital	11.3B YoY+1.3%	11.1B YoY+1.5%	11.0B YoY+1.3%	10.8B YoY+1.0%	10.7B YoY+1.6%
Retained earnings	-1.51B YoY+46.6%	-2.82B YoY+32.9%	-4.21B YoY+18.9%	-5.19B YoY+17.9%	-6.32B YoY+6.1%
Treasury stock	14.4B YoY+28.2%	11.3B YoY+34.1%	8.39B YoY+39.0%	6.04B YoY+35.9%	4.44B YoY-0.2%
Accumulated other comprehensive income	-729M YoY+6.8%	-782M YoY-7.0%	-731M YoY-3.5%	-706M YoY+9.4%	-779M YoY+9.4%
Non-controlling interest	29.0M YoY+38.1%	21.0M YoY+61.5%	13.0M YoY+225.0%	4.00M YoY+100.0%	2.00M YoY-50.0%
Total equity incl. non-controlling	-5.36B YoY-44.6%	-3.71B YoY-57.9%	-2.35B YoY-113.8%	-1.10B YoY-34.1%	-819M YoY+44.9%
Total liabilities & equity	16.8B YoY+1.5%	16.5B YoY+7.3%	15.4B YoY-0.7%	15.5B YoY+0.5%	15.4B YoY-7.8%
Common shares issued	333M YoY+0.0%	333M YoY+0.0%	333M YoY+0.0%	333M YoY+0.3%	332M YoY+0.5%
Common shares outstanding	230M YoY-4.7%	242M YoY-4.6%	253M YoY-5.4%	268M YoY-4.0%	279M YoY+0.5%
Shares outstanding (cover)	232M YoY-4.7%	244M YoY-4.9%	256M YoY-5.2%	270M YoY-3.0%	279M YoY+0.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.13B YoY+5.8%	2.01B YoY+3.4%	1.95B YoY+15.8%	1.68B YoY+1442.2%	109M YoY-84.6%
Depreciation & amortization	177M YoY+21.2%	146M YoY-0.7%	147M YoY-9.3%	162M YoY-13.8%	188M YoY-43.2%
Share-based compensation	170M YoY-3.4%	176M YoY+4.1%	169M YoY+4.3%	162M YoY-16.1%	193M YoY+99.0%
Deferred income taxes	64.0M YoY+125.9%	-247M YoY+6.4%	-264M YoY-876.5%	34.0M YoY+950.0%	-4.00M YoY+98.3%
Change in receivables	99.0M YoY-3.9%	103M YoY-18.3%	126M YoY-53.3%	270M YoY-10.3%	301M YoY+161.7%
Other operating activities	-124M YoY-67.6%	-74.0M YoY+32.1%	-109M YoY-34.6%	-81.0M YoY-3.8%	-78.0M YoY-700.0%
	-190M YoY+57.4%	-446M YoY-46.2%	-305M YoY-148.0%	-123M YoY-115.8%	-57.0M YoY+46.7%
Capital expenditure	101M YoY+5.2%	96.0M YoY-36.4%	151M YoY+287.2%	39.0M YoY+11.4%	35.0M YoY-23.9%
Acquisitions	4.00M YoY-98.3%	236M	0.00	0.00	—
Proceeds from sale of PP&E	0.00 YoY-100.0%	8.00M YoY+60.0%	5.00M	0.00 YoY-100.0%	6.00M
Other investing activities	—	0.00	0.00 YoY-100.0%	3.00M YoY+112.5%	-24.0M YoY-366.7%
	-2.35B YoY-124.7%	-1.04B YoY+48.8%	-2.04B YoY-15.6%	-1.76B YoY+1.6%	-1.79B YoY-188.2%
Common stock repurchased	3.18B YoY+10.0%	2.89B YoY+23.7%	2.34B YoY+47.0%	1.59B	0.00 YoY-100.0%
Dividends paid	143M YoY-4.7%	150M YoY-5.1%	158M YoY+28.5%	123M	0.00 YoY-100.0%
Other financing activities	—	—	—	0.00	0.00 YoY+100.0%
FX effect on cash	3.00M YoY+114.3%	-21.0M YoY-75.0%	-12.0M YoY+36.8%	-19.0M YoY-90.0%	-10.0M
Net change in cash	-406M YoY-181.0%	501M YoY+221.9%	-411M YoY-81.9%	-226M YoY+87.1%	-1.75B YoY-166.5%
Interest paid	648M YoY+15.3%	562M YoY+14.2%	492M YoY+27.8%	385M YoY+7.2%	359M YoY-17.1%
Income taxes paid	523M YoY+6.3%	492M YoY+2.9%	478M YoY+22.9%	389M YoY+114.9%	181M YoY+129.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	66.8B YoY+10.8%	60.3B YoY+29.0%	46.7B YoY+36.6%	34.2B YoY-21.4%	43.5B YoY+40.8%
P/E	45.8× YoY+16.7%	39.3× YoY+9.0%	36.0× YoY+11.6%	32.3× YoY-69.6%	106.0×
P/S	5.5× YoY+2.8%	5.4× YoY+14.0%	4.7× YoY+11.4%	4.2× YoY-43.5%	7.5× YoY+4.8%
P/FCF	32.9× YoY+4.7%	31.4× YoY+21.1%	26.0× YoY-3.1%	26.8× YoY-95.4%	587.5× YoY+1160.0%
Earnings yield	2.2% YoY-14.3%	2.5% YoY-8.2%	2.8% YoY-10.4%	3.1% YoY+228.6%	0.9%
FCF yield	3.0% YoY-4.5%	3.2% YoY-17.4%	3.9% YoY+3.2%	3.7% YoY+2091.9%	0.2% YoY-92.1%
Dividend yield	0.2% YoY-14.0%	0.2% YoY-26.3%	0.3% YoY-7.5%	0.4%	0.0% YoY-100.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HLT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HLT filings on SEC EDGAR → Not investment advice.

HLT▼ financial statements

About this data

financial statements