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Hyatt Hotels H Loyalty program, future point redemptions — Total contract liabilities

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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-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hyatt Hotels's loyalty program, future point redemptions — total contract liabilities?
Hyatt Hotels (H) reported loyalty program, future point redemptions — total contract liabilities of $1.53B in Q4 2025.
What does loyalty program, future point redemptions — total contract liabilities mean?
This metric represents the deferred revenue obligation arising from loyalty program points earned by customers that have not yet been redeemed for hotel stays or other services. It reflects the company's future performance obligation to provide goods or services to loyalty members, serving as a key indicator of the scale and engagement of the brand's loyalty ecosystem. As members accumulate points, this liability grows, representing a significant component of the company's unearned revenue and future service commitments.