EarningsQ2 2026 Earnings Report
MX:HLT Q2 2026 EPS Results
Actual EPS$41.89
Consensus EPS$41.53
Beat/MissBeat by +$0.37
One Year Ago EPS$40.25
MX:HLT Q2 2026 Revenue Results
Actual Revenue$61.12B
Expected Revenue$60.80B
Beat/MissBeat by +$326.69M
YoY Revenue Growth+6.50%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:HLT Upcoming Earnings
Hilton Worldwide Holdings's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HLT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter showed outperformance on key operating metrics (system RevPAR beat, adjusted EBITDA and EPS above expectations), stronger-than-expected development momentum (record signings, large pipeline, accelerating openings), meaningful owner-focused initiatives and technology integrations, and continued capital return commitments. Offsetting risks include pronounced regional weakness (notably a ~30% drop in Middle East & Africa RevPAR), ongoing softness in China, and EBITDA drag from large renovation projects and timing items. On balance, the positives — beating guidance, raising full-year RevPAR outlook, robust development momentum, and structured owner support measures — outweigh the regional and timing headwinds, supporting a constructive near- to medium-term outlook.Company Guidance
System-wide RevPAR Growth
System-wide RevPAR increased 3.9% year-over-year in Q2 2026; management raised full-year system-wide RevPAR guidance to 3.0%–3.5% and expects Q3 RevPAR ~4% (above full-year range) with the second half remaining strong.
U.S. Outperformance and Business Transient Recovery
U.S. RevPAR rose 5.4% in Q2 driven by midweek business transient strength; business transient RevPAR was up 5.7% (a three-point step-up globally and four-point step-up in the U.S. versus Q1), led by SMBs and midweek demand.
Adjusted EBITDA and EPS Beat
Q2 adjusted EBITDA was $1.054 billion, up 4.6% year-over-year and above the high end of guidance. Diluted EPS (adjusted for special items) was $2.29 for the quarter. Full-year adjusted EBITDA guidance is $4.04–$4.08 billion and adjusted EPS guidance is $8.89–$9.01.
Strong Development and Record Pipeline
Opened >200 hotels (24,000+ rooms) in Q2 (50% increase vs Q1); signed ~43,000 rooms (second-largest quarterly signings, +50% vs Q1 and above five-year average). Pipeline at a record 541,000 rooms across 130+ countries with ~50% under construction; company expects sustained 6%–7% net unit growth.
Conversions and Brand Momentum
Conversions were 36% of openings in the quarter across ~12 brands and ~30 countries; company expects conversions to comprise ~40% of openings for the year. 20 new brands launched over two decades continue to drive more than half of net unit growth.
Commercial & Technology Advantages
Launched industry-first direct API connection with Navan, enabling real-time booking and content access and lowering distribution costs for owners. Launched Hilton AI Planner and highlighted AI-ready technology stack as a driver of efficiency and owner value.
Owner-Focused Initiatives
Announced reductions in loyalty fees for most hotels and the Hilton RISE program (fee discounts tied to guest experience) expected to deliver ~75–100 bps of incremental margin improvement for owners; ongoing 'RISE 2' and hotel P&L reviews to find further cost savings.
Revenue Fee Growth
Management and franchise fees grew 6.4% year-over-year in Q2; franchise and license fees were discussed as growing (quarterly franchise/license noted up ~8.5% in Q&A context), reflecting fee-based, capital-light business model strength.
Capital Return & Shareholder Actions
Company remains on track to return approximately $3.5 billion to shareholders in 2026 via buybacks and dividends. Paid a $0.15 per share Q2 dividend ($34 million) and authorized a $0.15 quarterly dividend for Q3.
Operational & Brand Recognition
Opened notable brand debuts (Conrad Athens, Curio in India, Home2 Suites surpassing 100,000 rooms and debut in Germany); Hilton received 19 #1 best workplace recognitions YTD and Hampton, Home2 and Tru earned J.D. Power best-in-category awards.
MX:HLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed