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Hilton Worldwide HLT Cost reimbursement revenues — Revenue

Other product segments

Franchise and licensing fees
$696M+11.4%
Ownership
$249M
Base and other management fees
$95M+8.0%
Incentive management fees
$76M+5.6%
Other revenues
$66M+43.5%

Similar metrics at other companies

Hyatt Hotels logo
HRevenues for reimbursed costs — Total revenues
$945M+6.7%
Hyatt Hotels logo
HRevenues for the reimbursement of costs incurred on behalf of managed and franchised properties — Total revenues
$791M+7.6%
Hyatt Hotels logo
HReimbursed costs — Costs of goods and services sold
$963M+6.8%
Hyatt Hotels logo
HRevenues for reimbursed costs
$13M+62.5%
Hyatt Hotels logo
HOperating Segments — Revenues For Reimbursement Of Costs Incurred On Behalf Of Managed And Franchised Properties
$456M+6.0%
Hyatt Hotels logo
HRevenues for reimbursed costs
$10M+433%

Other financials

Income statement

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Revenue$2.9B+9.0%
Operating income$678.0M+26.5%
Net income$385.0M+28.3%
EPS (diluted)$1.66+35.0%

Balance sheet

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Cash & equivalents$619.0M-23.3%
Total debt$13.2B+5.4%
Total equity-$5.9B-34.9%
Total assets$16.4B+2.1%

Cash flow

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Operating cash flow$618.0M+36.7%
CapEx$9.0M-52.6%
Free cash flow$609.0M+40.6%

Valuation

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Market cap$79.41B+27.4%
Enterprise value$91.97B+23.8%
P/E51.5×+11.8×
P/S6.5×+0.9×

Profitability

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Operating margin23.1%+2.1pp
Net margin12.6%-1.3pp
FCF margin17.9%+0.1pp

Returns & leverage

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Return on equity82.6%
Debt / equity89.7×
Current ratio0.6×0.0×

Where this comes from

Reported directly by Hilton Worldwide in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Hilton Worldwide’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hilton Worldwide's cost reimbursement revenues — revenue?
Hilton Worldwide (HLT) reported cost reimbursement revenues — revenue of $1.76B in Q1 2026.
How has Hilton Worldwide's cost reimbursement revenues — revenue changed year-over-year?
Hilton Worldwide's cost reimbursement revenues — revenue increased by 7.7% year-over-year, from $1.63B to $1.76B.
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?
Revenue collected from hotel owners to cover the operating costs the company paid on their behalf.
How do you interpret cost reimbursement revenues — revenue?
An increase indicates a larger portfolio of managed properties or higher operating costs being passed through to owners, while a decrease suggests a reduction in managed property activity or lower pass-through expenses.
How does cost reimbursement revenues — revenue compare across companies?
Common in hotel management and franchise business models, this is often categorized as 'reimbursable revenue' or 'pass-through revenue' at peer hospitality firms like Marriott or Hyatt.