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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$77.8B
P/E Ratio50.47
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—$14M$13M$15M—$15M
Change in accounts receivable$25.8M$24.8M$24.8M$24.8M$24.8M—
Change in accrued liabilities$38.8M$53M$53M$53M$53M—
Change in deferred revenue$180M$7M$78M$6M$451M$36M
Change in other current assets-$1.3M-$2.5M-$2.5M-$2.5M-$2.5M—
Change in other liabilities-$14.5M-$14M-$14M-$14M-$14M—
Other working capital changes—-$38M—$226M-$336M$27M
Change in prepaid expenses$16.8M$5.8M$5.8M$5.8M$5.8M—
Deferred income taxes-$216M-$21M$3M$48M$34M-$25M
Depreciation and amortization$39M$41M$43M$46M$47M$50M
Change in other non-current liabilities-$14.5M-$14M-$14M-$14M-$14M—
Foreign Currency Transaction Gain (Loss)-$7M$2M-$1M-$9M-$3M-$5M
Net cash from operating activities$582M$452M$658M$816M$203M$618M
Net income$505M$300M$442M$421M$298M$383M
Non-cash interest expense$4.3M$4.8M$4.8M$4.8M$4.8M—
Amortization of capitalized software and acquired intangible assets—$14M$13M$15M—$15M
Contract Acquisition Costs Paid$18M$30M$42M$31M$128M$26M
Foreign currency remeasurement (loss) gain on debt-$7M$2M-$1M-$9M-$3M-$5M
Deferred revenue$180M$7M$78M$6M$451M$36M
Other current liabilities$38.8M$53M$53M$53M$53M—
Increase (Decrease) in Other Current Assets-$1.3M-$2.5M-$2.5M-$2.5M-$2.5M—
Other long-term liabilities-$14.5M-$14M-$14M-$14M-$14M—
Increase (Decrease) in Prepaid Expense$16.8M$5.8M$5.8M$5.8M$5.8M—
Stock-based compensation$36M$36M$55M$44M$35M$45M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$48M$19M$23M$29M$30M$9M
Collections of finance receivables$1.8M$0$0$0$0—
Proceeds from Collection of Finance Receivables$1.8M$0$0$0$0—
Payments for Derivative Instruments (Investing)$7M$9M-$9M-$7M—-$3M
Proceeds from Derivative Instrument Investing Activities$7M$9M-$9M-$7M—-$3M
Payments for (Proceeds from) Derivative Instruments, Investing$7M$9M-$9M-$7M—-$3M
Issuance of Financing Receivables—$0$0$0$3M$10M
Payments for (Proceeds from) Derivative Instrument, Investing Activities$7M$9M-$9M-$7M—-$3M
Payment for (Proceeds from) Other Investing Activity$0$1M———$1M
Payments to Acquire Software$31M$21M$20M$21M$22M$22M
Net cash from investing activities-$79M-$50M-$36M-$44M-$60M-$39M
Other investing activities$0$1M———$1M
Purchases of intangible assets$31M$21M$20M$21M$22M$22M
Investing Cash Flows from Derivatives$7M$9M-$9M-$7M—-$3M
Proceeds from Collection of Finance Receivables$1.8M$0$0$0$0—
Receipts from Customer Financing Assets$1.8M$0$0$0$0—
Proceeds from Collection of Finance Receivables$1.8M$0$0$0$0—
Payments for (Proceeds from) Derivative Instruments, Investing$7M$9M-$9M-$7M—-$3M
Payments for (Proceeds from) Derivative Instruments, Investing$7M$9M-$9M-$7M—-$3M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$15M$10M$871M$526M$509M$8M
Dividends paid$37M$37M$36M$35M$35M$35M
Payments Of Debt Issuance Costs$2M$0$0$15M$12M$6M
Proceeds From Hedge Financing Activities$13M$10M$10M$11M$10M$7M
Proceeds from exercises of stock options and other stock issuances$36M$9M$31M$7M$29M$11M
Repayments of Debt and Lease Obligation$15M$10M$871M$526M$509M$8M
Net cash from financing activities-$771M-$974M-$986M-$92M-$296M-$923M
Payment of debt issuance costs$2M$0$0$15M$12M$6M
Proceeds from issuance of common stock$36M$9M$31M$7M$29M$11M
Repurchases of common stock$766M$875M$769M$759M$779M$821M
Taxes paid for net share settlement$0$71M$1M——$71M
Proceeds from Hedge Financing Activities$13M$10M$10M$11M$10M$7M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$534M$433M$635M$787M$173M$609M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$11M$3M$5M——-$7M
Net increase (decrease) in cash—-$569M-$359M—-$156M-$351M