“The decrease in net cash used was partially offset by (i) net borrowings of $290 million under the Revolving Credit Facility during the six months ended June 30, 2025 and (ii) an increase of $143 million in cash outflows for share repurchases for the six mont…”10-Q · Jul 28, 2026 ↗
Hilton Worldwide Holdings Inc.
HLT
Market read
Hilton Worldwide Holdings Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Revenue increased 9.0% versus the comparable filing period.
- Monitor reported dollar impact to interest expense from the March 2026 expiration of the interest rate swap used to mitigate floating rate risk.
Invalidation: The isolated read changes if HLT's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Revenue increased 9.0% versus the comparable filing period.
- Operating margin improved 3.2 percentage points.
- Net income increased 28.3% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- Monitor reported dollar impact to interest expense from the March 2026 expiration of the interest rate swap used to mitigate floating rate risk.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +7.7% year over year.
- Operating margin changed +1.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.46x in the latest annual period.
- Net margin changed -1.6 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Foreign exchange has repeated adverse evidence across 5 filings.
- P/E is 82% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 69% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
306.17Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The six months ended June 30, 2026 was partially offset by an increase of $15 million resulting from unfavorable fluctuations in foreign currency exchange rates.”10-Q · Jul 28, 2026 ↗
“ADR $ 97.42 (0.3) % $ 99.57 0.5 % RevPAR $ 66.80 1.2 % $ 66.45 2.9 % System-wide RevPAR increased during the three and six months ended June 30, 2026, primarily due to improvements in system-wide ADR, which included the impact of inflation, and special events.”10-Q · Jul 28, 2026 ↗
“Europe was positively impacted by strength across business, leisure and group for the three months ended June 30, 2026, with the six months ended June 30, 2026 also benefitting from the Winter Olympics, which drove increases in leisure and group demand.”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 6.1× · EV/sales 6.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HLT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-28 against the comparable filing from 2025-04-29.
What improved
- Revenue increased 9.0% versus the comparable filing period.
- Operating margin improved 3.2 percentage points.
- Net income increased 28.3% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase was partially offset by a decrease in interest expense of $14 million d ue to the repayment of the May 2025 Senior Notes and the 2028 Senior Notes .”
“ADR $ 101.22 1.1 % RevPAR $ 65.58 4.7 % System-wide RevPAR increased during the three months ended March 31, 2026, primarily due to improvements in ADR in all regions, which included the impact of inflation, with growth in all customer segments driven by easier comparisons and favorable holiday shifts, as well as special events.”
“Th e net change in other non-operating income, net during the three months ended March 31, 2026 was primarily driven by a decrease in interest income due to decreased interest rates and a lower average cash balance.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind HLT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
AXPAmerican Express CompanypartnerFeb 11, 2026 ▾
“Hilton Honors members can also use points earned to transact with strategic partner hotels as well as many strategic partners, including credit card providers, such as American Express, airlines, rail and car rental companies, Amazon, Lyft and others.”
BXBlackstone Inc.investeeFeb 11, 2026 ▾
“These are non-cash expenses that primarily consist of: (i) amortization of capitalized software costs; (ii) depreciation and amortization of property and equipment, including our finance lease right-of-use ("ROU") assets, such as buildings and furniture and e…”
CHHChoice Hotels International, Inc.competitorFeb 11, 2026 ▾
“While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HLT is currently a Early Follower in the organic co-movement group Lodging. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.