Income StatementBalance SheetCash FlowSegments
Hilton Worldwide logo

Hilton Worldwide Business Segments

Business, geographic, and product segment breakdowns

Hilton Worldwide generates $12.3B in annual revenue across 2 key segments: Management and Franchise ($3.7B), and Ownership ($1.2B). The company-wide operating margin is 23.08%. Based on the Q1 2026 filing.

Management and Franchise (TTM)$3.7BOwnership (TTM)$1.2B
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$73.1B
P/E Ratio47.40
ROE-29.99%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cost reimbursement revenues$1.6B$1.6B$1.8B$1.8B$1.8B$1.8B
Franchise and licensing fees$642.0M$625.0M$745.0M$739.0M$671.0M$696.0M
Ownership$333.0M$234.0M$332.0M$322.0M$345.0M$249.0M
Base and other management fees$82.0M$88.0M$97.0M$93.0M$98.0M$95.0M
Incentive management fees$86.0M$72.0M$75.0M$65.0M$101.0M$76.0M
Other revenues$53.0M$46.0M$77.0M$64.0M$65.0M$66.0M

Change in liability for guest loyalty program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Guest Loyalty Program$21.0M$145.0M$41.0M$32.0M-$279.0M$108.0M

Current portion of liability for guest loyalty program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Guest Loyalty Program$1.4B$1.5B$1.5B$1.4B$1.3B$1.3B

Liability for guest loyalty program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Guest Loyalty Program$1.6B$1.6B$1.6B$1.8B$1.6B$1.7B

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue$598.8M$629.0M$629.0M$629.0M$629.0M—

Business Segments

Segment Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Management and Franchise$831.0M$804.0M$941.0M$928.0M$902.0M$893.0M
Ownership$52.0M$8.0M$57.0M$51.0M$61.0M$15.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Management and Franchise$831.0M$804.0M$941.0M$928.0M$902.0M$893.0M
Ownership$333.0M$234.0M$332.0M$322.0M$345.0M$249.0M

Operating Lease, Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ownership$58.0M$41.0M$61.0M$55.0M$57.0M$41.0M

Other Cost and Expense, Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ownership$224.0M$186.0M$217.0M$220.0M$229.0M$195.0M