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Hilton Worldwide HLT Cost reimbursement revenues — Revenue

Other product segments

Franchise and licensing fees
$808M+8.5%
Ownership
$311M-6.3%
Base and other management fees
$99M+2.1%
Other revenues
$72M-6.5%
Incentive management fees
$69M-8.0%

Similar metrics at other companies

Resources Connection, Inc. logo
RGPReimbursements — Revenue
$1.2M+9.1%
CRD
CRD.AReimbursements — Revenue
$10.6M-6.2%
Hackett Group logo
HCKTReimbursements — Revenue
$986K-22.4%
ABM Industries logo
ABMManagement Reimbursement Revenue — Revenue
$89.4M+5.8%
Hackett Group logo
HCKTRevenue Before Reimbursements — Revenue
$68.34M-12.0%
APA
APAMExpense Reimbursement — Revenue
$117K-19.9%

Other financials

Income statement

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Revenue$3.3B+6.5%
Operating income$858.0M+10.3%
Net income$482.0M+9.5%
EPS (diluted)$2.10+14.1%

Balance sheet

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Cash & equivalents$1.1B+138%
Total debt$15.1B+27.7%
Total equity-$6.3B-37.3%
Total assets$16.9B+6.4%

Cash flow

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Operating cash flow$472.0M-28.3%
CapEx$12.0M-47.8%
Free cash flow$460.0M-27.6%

Valuation

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Market cap$72.47B+18.1%
Enterprise value$86.48B+18.9%
P/E45.8×+7.1×
P/S5.8×+0.5×

Profitability

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Operating margin23.3%+2.2pp
Net margin12.7%-1.2pp
FCF margin16.3%-3.3pp

Returns & leverage

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Return on equity82.6%
Debt / equity89.7×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Hilton Worldwide in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Hilton Worldwide’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 10:06 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001585689-26-000043
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Ownership311332560566
Other revenues7277138123
1,3591,3262,5412,391
Cost reimbursement revenues1,9821,8113,7373,441
Total revenues3,3413,1376,2785,832
Expenses
Ownership266286501525
Depreciation and amortization49439984

Item 1. Financial Statements

FAQ

What is Hilton Worldwide's cost reimbursement revenues — revenue?
Hilton Worldwide (HLT) reported cost reimbursement revenues — revenue of $1.98B in Q2 2026.
How has Hilton Worldwide's cost reimbursement revenues — revenue changed year-over-year?
Hilton Worldwide's cost reimbursement revenues — revenue increased by 9.4% year-over-year, from $1.81B to $1.98B.
What is the long-term trend for Hilton Worldwide's cost reimbursement revenues — revenue?
Over 4 years (2021 to 2025), Hilton Worldwide's cost reimbursement revenues — revenue has grown at a 20.6% compound annual growth rate (CAGR), from $3.34B to $7.09B.
What does cost reimbursement revenues — revenue mean?
This metric represents the pass-through revenues collected from managed or franchised properties to cover operating expenses incurred by the company on behalf of property owners. These expenses typically include payroll, marketing, and other administrative costs necessary to operate the hotel under the brand's standards. Because these revenues are offset by corresponding costs, they reflect the scale of the company's management operations rather than core profit-generating activities.

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