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Hilton Worldwide HLT Guest Loyalty Program — Liability for guest loyalty program

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Choice Hotels International logo
CHHLoyalty program — Contract with customer, liability
$114.9M+4.1%
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WHDeferred loyalty program revenue — Loyalty program liability
$118M+12.4%
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CHHLiability for guest loyalty program
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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:ContractWithCustomerLiabilityNoncurrent.

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 guest loyalty program — liability for guest loyalty program?
Hilton Worldwide (HLT) reported guest loyalty program — liability for guest loyalty program of $1.71B in Q1 2026.
How has Hilton Worldwide's guest loyalty program — liability for guest loyalty program changed year-over-year?
Hilton Worldwide's guest loyalty program — liability for guest loyalty program increased by 4.4% year-over-year, from $1.64B to $1.71B.
What is the long-term trend for Hilton Worldwide's guest loyalty program — liability for guest loyalty program?
Over 4 years (2021 to 2025), Hilton Worldwide's guest loyalty program — liability for guest loyalty program has grown at a 1.0% compound annual growth rate (CAGR), from $6.38B to $6.65B.
What does guest loyalty program — liability for guest loyalty program mean?
This represents the total deferred revenue liability recognized for outstanding loyalty points earned by customers that have not yet been redeemed. It serves as a measure of the total future obligation the company has to provide complimentary stays or other benefits to its loyalty program members. This balance is a critical component of the company's long-term customer retention strategy and financial commitment.