Hilton Worldwide Holdings Inc.

Listed Company

HLTCIK 0001585689NYSELarge AcceleratedHotels & MotelsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$12.04B

Net Income

$1.46B

Total Assets

$16.77B

Equity

$-5.39B

Shares Out

227.65M

Op. Cash Flow

$2.13B

Business

Hilton Worldwide Holdings Inc. operates a global hospitality company that develops, manages, franchises and, in some cases, owns or leases hotels, resorts and timeshare properties. It offers a multi‑brand portfolio spanning luxury, lifestyle, full‑service, focused‑service and all‑suites hotels, timeshare products and guest services, supported by the Hilton Honors loyalty program and commercial services. The company reports through two primary segments: a management and franchise segment (fees, licensing and services) and an ownership segment (room, food & beverage and other hotel operations). Hilton distributes rooms and services across hotel booking channels, direct online and mobile platforms, and through third‑party intermediaries and strategic partner relationships in approximately 140 countries and territories.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	12,039	11,174	10,235	8,773	5,788
Ownership expenses	1,094	1,126	1,141	—	—
Depreciation and amortization expenses	177	146	147	162	188
General and administrative	393	415	408	382	405
Impairment losses	0	0	38	0	0
Other expenses	132	137	112	60	45
Total expenses excluding reimbursable expenses	1,796	1,824	1,846	1,603	1,317
Reimbursed expenses	7,550	6,985	6,164	—	—
Total expenses	9,346	8,809	8,010	6,679	4,771
Gain on sales of assets, net	0	5	0	0	−7
Operating income	2,693	2,370	2,225	2,094	1,010
Interest expense	−620	−569	−464	—	—
Loss on foreign currency transactions	−11	−12	−16	5	−7
Loss on investments in unconsolidated affiliate	0	0	−92	0	0
Other non-operating income (loss), net	10	−6	39	50	23
Income before income taxes	2,072	1,783	1,692	1,734	560
Income tax expense	−611	−244	−541	−477	−153
Net income	1,461	1,539	1,151	1,257	407
Net income attributable to redeemable and nonredeemable noncontrolling interests	−4	−4	−10	−2	3
Net income attributable to Hilton stockholders	1,457	1,535	1,141	1,255	410
Basic EPS	6.18	6.2	4.36	4.56	1.47
Diluted EPS	6.12	6.14	4.33	4.53	1.46
Cash dividends declared per share	0.6	0.6	0.6	0.45	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	918	1,301	800	1,209	1,427
Restricted cash and cash equivalents	52	75	75	77	85
Accounts receivable, net of allowance for credit losses	1,690	1,583	1,487	1,327	1,068
Prepaid expenses	219	193	131	105	89
Other	117	120	121	152	202
Total current assets	2,996	3,272	2,614	2,870	2,871
Goodwill	5,081	5,035	5,052	5,032	5,071
Brands	5,023	4,990	4,846	4,840	4,883
Operating Lease, Right-of-Use Asset	577	567	618	662	694
Property, plant and equipment, net	684	411	382	280	305
Deferred income tax assets	252	318	140	204	213
Other	484	500	512	576	452
Total intangibles and other assets	13,778	13,250	12,787	12,642	12,570
Total assets	16,774	16,522	15,401	15,512	15,441
Accounts payable, accrued expenses and other	2,336	2,124	1,979	1,790	1,568
Current maturities of long-term debt	25	535	39	39	54
Current portion of deferred revenues	858	664	502	433	350
Total current liabilities	4,508	4,700	3,722	3,372	3,019
Long-term debt	12,338	10,616	9,157	8,708	8,712
Operating lease liabilities	730	735	808	832	870
Deferred revenues	1,648	1,300	1,132	986	896
Deferred income tax liabilities	322	322	401	735	700
Other	950	941	998	692	746
Total liabilities	22,120	20,211	17,748	16,610	16,260
Commitments and contingencies see Note 19	—	—	—	—	—
Redeemable Noncontrolling Interest	13	17	0	—	—
Common stock, $0.01 par value; 10,000,000,000 authorized shares, 230,433,192 outstanding as of December 31, 2025 and 241,806,421 outstanding as of December 31, 2024	3	3	3	3	3
Treasury stock, at cost; 106,540,900 shares as of December 31, 2025 and 94,087,917 shares as of December 31, 2024	−14,428	−11,256	−8,393	−6,040	−4,443
Additional paid-in capital	11,274	11,130	10,968	10,831	10,720
Accumulated deficit	−1,508	−2,822	−4,207	−5,190	−6,322
Accumulated other comprehensive loss	−729	−782	−731	−706	−779
Total Hilton stockholders' deficit	−5,388	−3,727	−2,360	−1,102	−821
Noncontrolling interests	29	21	13	4	2
Total deficit	−5,359	−3,706	−2,347	−1,098	−819
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY (DEFICIT)	16,774	16,522	15,401	15,512	15,441

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of contract acquisition costs	57	50	43	38	32
Share-based compensation expense	170	176	169	162	193
Amortization of deferred financing costs and discounts	19	17	16	16	16
Deferred income taxes	64	−247	−264	34	−4
Contract acquisition costs, net of refunds	−231	−105	−233	−81	−200
Accounts receivable, net	−99	−103	−126	−270	−301
Prepaid expenses	−23	−67	−27	−21	−22
Other current assets	10	5	16	78	−107
Accounts payable, accrued expenses and other	212	155	181	198	273
Change in deferred revenues	542	330	215	174	−128
Change in other liabilities	−56	−58	284	−11	−111
Other	−124	−74	−109	−81	−78
Net cash provided by operating activities	2,129	2,013	1,946	1,681	109
Capital expenditures for property and equipment	−101	−96	−151	−39	−35
Cash paid for acquisitions, net of cash acquired	−4	−236	0	0	—
Issuance of financing receivables	−3	−15	−22	−46	−3
Payments received on financing receivables	0	7	0	2	—
Settlements of undesignated derivative financial instruments	5	−7	−26	79	−5
Proceeds from asset dispositions	0	8	5	0	6
Capitalized software costs	−84	−102	−96	−63	−44
Investments in unconsolidated affiliates	−3	−5	−15	−53	0
Net cash used in investing activities	−190	−446	−305	−123	−57
Borrowings	2,875	2,283	609	23	1,510
Repayment of debt	−1,916	−330	−183	−48	−3,230
Debt issuance costs	−27	−32	−20	0	−76
Dividends paid	−143	−150	−158	−123	0
Repurchases of common stock, including excise tax payments	−3,182	−2,893	−2,338	−1,590	0
Share-based compensation tax withholdings	−72	−72	−54	−58	−49
Proceeds from share-based compensation	76	93	51	29	52
Settlements of interest rate swap with financing component	41	56	53	2	0
Net cash used in financing activities	−2,348	−1,045	−2,040	−1,765	−1,793
Effect of exchange rate changes on cash, restricted cash and cash equivalents	3	−21	−12	−19	−10
Net increase (decrease) in cash, restricted cash and cash equivalents	−406	501	−411	−226	−1,751

Filings

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