Operating Expenses
Variable Lease Cost
Hyatt Hotels Variable Lease Cost remained flat by 0.0% to $8.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.8%, from $7.25M to $8.25M. Over 4 years (FY 2021 to FY 2025), Variable Lease Cost shows a downward trend with a -17.4% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2025Feb 13, 2026
How to read this metric
Higher variable costs indicate that lease expenses are scaling with revenue, which can be beneficial during downturns but costly during growth.
Detailed definition
This metric tracks lease-related expenses that fluctuate based on usage, performance, or other variable factors, rather...
Peer comparison
Common in retail and hospitality where rent is often tied to property performance.
Metric ID:
wmt_variable_lease_costHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $71M | $111M | $98M | $29M | $33M |
| YoY Change | — | +56.3% | -11.7% | -70.4% | +13.8% |
Range$29M – $111M
CAGR-17.4%
Avg YoY Growth-3.0%
Median YoY Growth+1.0%
Variable Lease Cost at Other Companies
Frequently Asked Questions
- What is Hyatt Hotels's variable lease cost?
- Hyatt Hotels (H) reported variable lease cost of $8.25M in Q4 2025.
- How has Hyatt Hotels's variable lease cost changed year-over-year?
- Hyatt Hotels's variable lease cost increased by 13.8% year-over-year, from $7.25M to $8.25M.
- What is the long-term trend for Hyatt Hotels's variable lease cost?
- Over 4 years (2021 to 2025), Hyatt Hotels's variable lease cost has grown at a -17.4% compound annual growth rate (CAGR), from $71M to $33M.
- What does variable lease cost mean?
- Lease costs that change based on business performance or usage levels.