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Hilton Worldwide HLT Total revenues excluding reimbursable revenues — Revenue

Other product segments

Cost reimbursement revenues
$1.76B+7.7%
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

Valaris logo
VALRevenues (exclusive of reimbursable revenues)
$430.1M-25.6%
Choice Hotels International logo
CHHRevenue for reimbursable costs from franchised and managed properties — Total revenues
$123.9M+0.4%
Travel + Leisure logo
TNLReimbursement Revenue — Revenue from Contract with Customer, Excluding Assessed Tax
$107M-1.8%
Host Hotels & Resorts logo
HSTHotel — Total Revenues
$1.62B+1.6%
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TNLReimbursable revenues — Net revenues
$107M-1.8%
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HSTTotal Revenue
$1.65B+3.2%

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 total revenues excluding reimbursable revenues — revenue?
Hilton Worldwide (HLT) reported total revenues excluding reimbursable revenues — revenue of $1.18B in Q1 2026.
How has Hilton Worldwide's total revenues excluding reimbursable revenues — revenue changed year-over-year?
Hilton Worldwide's total revenues excluding reimbursable revenues — revenue increased by 11.0% year-over-year, from $1.07B to $1.18B.
What is the long-term trend for Hilton Worldwide's total revenues excluding reimbursable revenues — revenue?
Over 4 years (2021 to 2025), Hilton Worldwide's total revenues excluding reimbursable revenues — revenue has grown at a 19.3% compound annual growth rate (CAGR), from $2.44B to $4.95B.
What does total revenues excluding reimbursable revenues — revenue mean?
This metric represents the core revenue generated by hotel operations, management, and franchise fees, excluding pass-through costs that are reimbursed by hotel owners. By stripping out these reimbursable expenses, it provides a clearer view of the actual top-line growth and operational performance of the company's business model. It serves as a primary indicator of the company's ability to generate sustainable income from its brand portfolio and management services.