Income StatementBalance SheetCash FlowSegments
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Hilton Worldwide Cash Flow Statement

Operating, investing, and financing cash movements

Hilton Worldwide generated $2.3B in operating cash flow over the trailing twelve months. After $91.0M in capital expenditures, free cash flow was $2.2B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.3BNet Cash From Investing (TTM)-$179.0MNet Cash From Financing (TTM)-$2.3BCapital Expenditures (TTM)$91.0MDepreciation And Amortization Cf (TTM)$186.0MNet Change In Cash (TTM)-$583.0M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$73.1B
P/E Ratio47.40
ROE-29.99%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$4.3M$4.8M$4.8M$4.8M$4.8M—
Amortization of intangible assets—$14.0M$13.0M$15.0M—$15.0M
Change in accounts receivable$25.8M$24.8M$24.8M$24.8M$24.8M—
Change in accrued liabilities$38.8M$53.0M$53.0M$53.0M$53.0M—
Change in deferred revenue$180.0M$7.0M$78.0M$6.0M$451.0M$36.0M
Change in other current assets-$1.3M-$2.5M-$2.5M-$2.5M-$2.5M—
Change in other liabilities-$14.5M-$14.0M-$14.0M-$14.0M-$14.0M—
Other working capital changes—-$38.0M—$226.0M-$336.0M$27.0M
Change in prepaid expenses$16.8M$5.8M$5.8M$5.8M$5.8M—
Deferred income taxes-$216.0M-$21.0M$3.0M$48.0M$34.0M-$25.0M
Depreciation and amortization$39.0M$41.0M$43.0M$46.0M$47.0M$50.0M
Change in other non-current liabilities-$14.5M-$14.0M-$14.0M-$14.0M-$14.0M—
Foreign Currency Transaction Gain (Loss)-$7.0M$2.0M-$1.0M-$9.0M-$3.0M-$5.0M
Net cash from operating activities$582.0M$452.0M$658.0M$816.0M$203.0M$618.0M
Net income$505.0M$300.0M$442.0M$421.0M$298.0M$383.0M
Non-cash interest expense$4.3M$4.8M$4.8M$4.8M$4.8M—
Amortization of capitalized software and acquired intangible assets—$14.0M$13.0M$15.0M—$15.0M
Contract Acquisition Costs Paid$18.0M$30.0M$42.0M$31.0M$128.0M$26.0M
Foreign currency remeasurement (loss) gain on debt-$7.0M$2.0M-$1.0M-$9.0M-$3.0M-$5.0M
Deferred revenue$180.0M$7.0M$78.0M$6.0M$451.0M$36.0M
Other current liabilities$38.8M$53.0M$53.0M$53.0M$53.0M—
Increase (Decrease) in Other Current Assets-$1.3M-$2.5M-$2.5M-$2.5M-$2.5M—
Other long-term liabilities-$14.5M-$14.0M-$14.0M-$14.0M-$14.0M—
Increase (Decrease) in Prepaid Expense$16.8M$5.8M$5.8M$5.8M$5.8M—
Stock-based compensation$36.0M$36.0M$55.0M$44.0M$35.0M$45.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$48.0M$19.0M$23.0M$29.0M$30.0M$9.0M
Collections of finance receivables$1.8M$0.0$0.0$0.0$0.0—
Proceeds from Collection of Finance Receivables$1.8M$0.0$0.0$0.0$0.0—
Payments for Derivative Instruments (Investing)$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Proceeds from Derivative Instrument Investing Activities$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Payments for (Proceeds from) Derivative Instruments, Investing$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Issuance of Financing Receivables—$0.0$0.0$0.0$3.0M$10.0M
Payments for (Proceeds from) Derivative Instrument, Investing Activities$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Payment for (Proceeds from) Other Investing Activity$0.0$1.0M———$1.0M
Payments to Acquire Software$31.0M$21.0M$20.0M$21.0M$22.0M$22.0M
Net cash from investing activities-$79.0M-$50.0M-$36.0M-$44.0M-$60.0M-$39.0M
Other investing activities$0.0$1.0M———$1.0M
Purchases of intangible assets$31.0M$21.0M$20.0M$21.0M$22.0M$22.0M
Investing Cash Flows from Derivatives$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Proceeds from Collection of Finance Receivables$1.8M$0.0$0.0$0.0$0.0—
Receipts from Customer Financing Assets$1.8M$0.0$0.0$0.0$0.0—
Proceeds from Collection of Finance Receivables$1.8M$0.0$0.0$0.0$0.0—
Payments for (Proceeds from) Derivative Instruments, Investing$7.0M$9.0M-$9.0M-$7.0M—-$3.0M
Payments for (Proceeds from) Derivative Instruments, Investing$7.0M$9.0M-$9.0M-$7.0M—-$3.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$15.0M$10.0M$871.0M$526.0M$509.0M$8.0M
Dividends paid$37.0M$37.0M$36.0M$35.0M$35.0M$35.0M
Payments Of Debt Issuance Costs$2.0M$0.0$0.0$15.0M$12.0M$6.0M
Proceeds From Hedge Financing Activities$13.0M$10.0M$10.0M$11.0M$10.0M$7.0M
Proceeds from exercises of stock options and other stock issuances$36.0M$9.0M$31.0M$7.0M$29.0M$11.0M
Repayments of Debt and Lease Obligation$15.0M$10.0M$871.0M$526.0M$509.0M$8.0M
Net cash from financing activities-$771.0M-$974.0M-$986.0M-$92.0M-$296.0M-$923.0M
Payment of debt issuance costs$2.0M$0.0$0.0$15.0M$12.0M$6.0M
Proceeds from issuance of common stock$36.0M$9.0M$31.0M$7.0M$29.0M$11.0M
Repurchases of common stock$766.0M$875.0M$769.0M$759.0M$779.0M$821.0M
Taxes paid for net share settlement$0.0$71.0M$1.0M——$71.0M
Proceeds from Hedge Financing Activities$13.0M$10.0M$10.0M$11.0M$10.0M$7.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$534.0M$433.0M$635.0M$787.0M$173.0M$609.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$11.0M$3.0M$5.0M——-$7.0M
Net increase (decrease) in cash—-$569.0M-$359.0M—-$156.0M-$351.0M