Hilton Worldwide

Hilton Worldwide is one of the largest hotel companies in the world. At September 30, 2026, it had 9,620 properties with 1,408,417 rooms in 144 countries and territories. Its brands include Waldorf Astoria, Conrad, LXR, Curio Collection, DoubleTree, Canopy, Spark and timeshare brands. Most of its profit comes from management and franchise fees: in Q3 2026, this segment gave $1,012 million of the $1,053 million of segment adjusted EBITDA.

The Hilton Honors loyalty program had 270 million members. The head office is in McLean, Virginia, and Christopher J. Nassetta is its president and chief executive officer. Its shares moved from the New York Stock Exchange to Nasdaq on November 5, 2026, with the same ticker.

Hilton trades at a premium because investors pay for a fee business that needs little capital, a large pipeline of new hotels and steady buybacks. Management and franchise fee revenues rose 9.5% in Q3 2026, and the pipeline had 543,100 rooms at September 30, 2026. Net unit growth was 6.0% in the year to that date, and Hilton expects to return about $3.5 billion to shareholders in 2026.

For the premium to be earned, three things must be true. Net unit growth must stay near the 6.0% to 7.0% that the company guides for 2026. RevPAR must keep rising: it rose 5.8% in Q3 2026 with help from the World Cup, but the company expects only 3.0% to 3.5% in Q4 2026 because of the midterm elections and the Middle East.

Fees and buybacks must lift adjusted EPS, which the company expects at $9.07 to $9.13 for 2026, against $8.11 in 2025. The Q4 2026 report with the 2027 outlook, expected in February 2027, is the next test. A weak travel market or slower hotel openings can shrink the premium.

1. Oct 27, 2026Passed

   Q3 2026 results and 2026 outlookRevPAR growth and a kept or higher 2026 outlook pass; a lower outlook fails.Outcome: RevPAR rose 5.8%, and Hilton raised its 2026 RevPAR outlook to 4.0% to 4.5% and its adjusted EBITDA outlook to $4,060 million to $4,080 million.
2. Feb 10, 2027 · est.Pending

   Q4 2026 results and 2027 outlookNet unit growth near 6% to 7% and 2027 guidance for higher adjusted EPS pass; lower unit growth or flat EPS guidance fail.
3. Apr 2027 · est.Pending

   Q1 2027 results: RevPAR and openingsPositive RevPAR and net unit growth of 6% or more pass; falling RevPAR or slower openings fail.

Every passed and failed checkpoint across all picks

• October 27, 2026Hilton reported Q3 2026 results. Diluted EPS was $2.37, and diluted EPS adjusted for special items was $2.45, up from $2.11. Net income was $536 million and adjusted EBITDA was $1,058 million. System-wide comparable RevPAR rose 5.8%. Hilton added 23,000 net rooms, and net unit growth was 6.0% from a year earlier. It raised its 2026 RevPAR outlook to growth of 4.0% to 4.5% and its adjusted EBITDA outlook to $4,060 million to $4,080 million. It bought back 2.6 million shares in the quarter.
• October 20, 2026Hilton said that it will move its stock listing from the New York Stock Exchange to Nasdaq on November 5, 2026, with the same ticker, HLT.
• July 28, 2026Hilton reported Q2 2026 results. Diluted EPS was $2.10, and diluted EPS adjusted for special items was $2.29. System-wide comparable RevPAR rose 3.9%, and the pipeline reached 541,300 rooms. Hilton issued $1.0 billion of 5.500% senior notes due 2031 in May 2026, and it launched the Undergraduate by Hilton brand in June 2026.

Last earnings

October 27, 2026 (8-K on sec.gov)

Next earnings

Expected about February 10, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 27, 2026 · hlt-20260930
• 8-KEarnings releaseFiled October 27, 2026 · hlt-20261027
• 8-KInvestor disclosureFiled October 20, 2026 · hlt-20261020
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 28, 2026 · hlt-20260630
• 8-KEarnings releaseFiled July 28, 2026 · hlt-20260728
• 8-KChange of directors or officers and Shareholder vote resultsFiled May 18, 2026 · hlt-20260514
• 8-KNew material agreement and New debt or financial obligationFiled May 11, 2026 · Read it on sec.gov
• 8-KChange of directors or officersFiled May 5, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 28, 2026 · hlt-20260331
• 8-KEarnings releaseFiled April 28, 2026 · hlt-20260428

Every filing on SEC EDGAR (CIK 1585689)

• RevPAR depends on travel demand and the economy. The company expects slower RevPAR growth in Q4 2026 because of the midterm elections and the Middle East, and it lowered its expectations for the Middle East in its 2026 outlook.
• Hilton had $13.5 billion of debt, including finance leases, and a total deficit of $6.56 billion at September 30, 2026. Higher interest rates or weaker fees can limit buybacks.
• Growth depends on hotel owners who build and convert hotels. Higher construction costs or tighter loans for owners can slow openings and net unit growth.
• Reservation channels outside Hilton's own system, such as online travel agencies, compete for guests and can raise the cost of each booking.
• Hilton operates in many countries. Geopolitical conflicts, travel barriers, tariffs and currency changes can lower results outside the United States.

Hilton funds itself mainly with senior unsecured notes and secured term loans. At September 30, 2026, debt was $13.5 billion with a weighted average interest rate of 5.09%. Read more

Dividend yield

0.2% (last 12 months, at today’s price of $373.23)

Paid per share

$0.60 in the last 12 months (4 payments)

Current annual rate

$0.60 ($0.15 × 4 a year)

Payout ratio

10% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 21, 2026, $0.15 per share

Dividends per share by year

Source: company filings and market data, read on November 10, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.