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Hyatt Hotels H Initial application fees from franchisees — Total

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Other financials

Income statement

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Revenue$1.7B+1.7%
Net income$38.0M+90.0%
EPS (diluted)$0.40+111%

Balance sheet

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Cash & equivalents$594.0M-65.8%
Total debt$5.1B+11.1%
Total equity$3.2B-6.7%
Total assets$13.9B-0.7%

Cash flow

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Operating cash flow$100.0M-34.6%
CapEx$23.0M-23.3%
Free cash flow$77.0M-37.4%

Valuation

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Market cap$17.62B+24.9%
Enterprise value$22.15B+13.0%
P/S2.5×+0.4×

Profitability

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Net margin-0.5%-13.3pp
FCF margin9.8%+2.0pp

Returns & leverage

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Return on equity-1%-24.9pp
Debt / equity1.6×+0.3×
Current ratio0.6×-0.4×

Where this comes from

Reported directly by Hyatt Hotels in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Hyatt Hotels’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hyatt Hotels's initial application fees from franchisees — total?
Hyatt Hotels (H) reported initial application fees from franchisees — total of $50M in Q1 2026.
What does initial application fees from franchisees — total mean?
This metric represents the non-refundable upfront fees collected from hotel owners and developers upon the execution of a new franchise agreement. These fees are recognized as revenue when the hotel opens or when the franchise agreement is terminated, reflecting the initial brand entry and administrative costs associated with onboarding a new property into the hotel portfolio. It serves as a leading indicator of the company's success in expanding its franchised footprint and brand penetration.