H

Hilton Worldwide Holdings Inc.

HLT · CIK 0001585689

14 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.04B7.7%
FY2025
Net income (FY)
$1.46B5.1%
FY2025
Free cash flow (FY)
$2.03B5.8%
FY2025
Diluted EPS (FY)
$6.120.3%
FY2025
The story, charted

The shape of the business

FY2012–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2012 · Revenue $9.28B · Net income $352.0M · 0001585689-15-000032 · filed 2015-02-18FY12Revenue $9.28BNet income $352.0M0001585689-15-000032 · filed 2015-02-18FY2013 · Revenue $9.73B · Net income $415.0M · 0001585689-16-000161 · filed 2016-02-26FY13Revenue $9.73BNet income $415.0M0001585689-16-000161 · filed 2016-02-26FY2014 · Revenue $10.50B · Net income $673.0M · 0001585689-17-000038 · filed 2017-02-15FY14Revenue $10.50BNet income $673.0M0001585689-17-000038 · filed 2017-02-15FY2015 · Revenue $7.13B · Net income $1.40B · 0001585689-18-000033 · filed 2018-02-14FY15Revenue $7.13BNet income $1.40B0001585689-18-000033 · filed 2018-02-14FY2016 · Revenue $6.58B · Net income $338.0M · 0001585689-19-000034 · filed 2019-02-13FY16Revenue $6.58BNet income $338.0M0001585689-19-000034 · filed 2019-02-13FY2017 · Revenue $8.13B · Net income $1.08B · 0001585689-20-000013 · filed 2020-02-11FY17Revenue $8.13BNet income $1.08B0001585689-20-000013 · filed 2020-02-11FY2018 · Revenue $8.91B · Net income $764.0M · 0001585689-21-000016 · filed 2021-02-17FY18Revenue $8.91BNet income $764.0M0001585689-21-000016 · filed 2021-02-17FY2019 · Revenue $9.45B · Net income $881.0M · 0001585689-22-000013 · filed 2022-02-16FY19Revenue $9.45BNet income $881.0M0001585689-22-000013 · filed 2022-02-16FY2020 · Revenue $4.31B · Net income −$715.0M · 0001585689-23-000036 · filed 2023-02-09FY20Revenue $4.31BNet income −$715.0M0001585689-23-000036 · filed 2023-02-09FY2021 · Revenue $5.79B · Net income $410.0M · 0001585689-24-000027 · filed 2024-02-07FY21Revenue $5.79BNet income $410.0M0001585689-24-000027 · filed 2024-02-07FY2022 · Revenue $8.77B · Net income $1.25B · 0001585689-25-000008 · filed 2025-02-06FY22Revenue $8.77BNet income $1.25B0001585689-25-000008 · filed 2025-02-06FY2023 · Revenue $10.23B · Net income $1.14B · 0001585689-26-000007 · filed 2026-02-11FY23Revenue $10.23BNet income $1.14B0001585689-26-000007 · filed 2026-02-11FY2024 · Revenue $11.17B · Net income $1.53B · 0001585689-26-000007 · filed 2026-02-11FY24Revenue $11.17BNet income $1.53B0001585689-26-000007 · filed 2026-02-11FY2025 · Revenue $12.04B · Net income $1.46B · 0001585689-26-000007 · filed 2026-02-11FY25Revenue $12.04BNet income $1.46B0001585689-26-000007 · filed 2026-02-11FY25Revenue $12.04BNet income $1.46B0001585689-26-000007 · filed 2026-02-11FY13FY15FY17FY19FY21FY23FY25

revenue 1.3× since FY2012 · net margin 3.8% → 12.1%

MarginsNet marginFCF margin
0%20%FY2012 · Net margin 3.8% · FCF margin 7.3%FY12Net margin 3.8%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 4.3% · FCF margin 19.0%FY13Net margin 4.3%FCF margin 19.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 6.4% · FCF margin 9.9%FY14Net margin 6.4%FCF margin 9.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 19.7% · FCF margin 15.9%FY15Net margin 19.7%FCF margin 15.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 5.1% · FCF margin 15.1%FY16Net margin 5.1%FCF margin 15.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 13.3% · FCF margin 9.7%FY17Net margin 13.3%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 8.6% · FCF margin 13.3%FY18Net margin 8.6%FCF margin 13.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 9.3% · FCF margin 13.8%FY19Net margin 9.3%FCF margin 13.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -16.6% · FCF margin 15.4%FY20Net margin -16.6%FCF margin 15.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 7.1% · FCF margin 1.3%FY21Net margin 7.1%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 14.3% · FCF margin 18.7%FY22Net margin 14.3%FCF margin 18.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 11.1% · FCF margin 17.5%FY23Net margin 11.1%FCF margin 17.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 13.7% · FCF margin 17.2%FY24Net margin 13.7%FCF margin 17.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 12.1% · FCF margin 16.8%FY25Net margin 12.1%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 12.1%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’13’16’19’22’25

FY2025: net 12.1% · free cash flow 16.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2012 · OCF $1.11B · FCF $677.0M · 0001585689-15-000032 · filed 2015-02-18FY12OCF $1.11BFCF $677.0M0001585689-15-000032 · filed 2015-02-18FY2013 · OCF $2.10B · FCF $1.85B · 0001585689-16-000161 · filed 2016-02-26FY13OCF $2.10BFCF $1.85B0001585689-16-000161 · filed 2016-02-26FY2014 · OCF $1.31B · FCF $1.04B · 0001585689-17-000038 · filed 2017-02-15FY14OCF $1.31BFCF $1.04B0001585689-17-000038 · filed 2017-02-15FY2015 · OCF $1.45B · FCF $1.14B · 0001585689-18-000033 · filed 2018-02-14FY15OCF $1.45BFCF $1.14B0001585689-18-000033 · filed 2018-02-14FY2016 · OCF $1.31B · FCF $993.0M · 0001585689-19-000034 · filed 2019-02-13FY16OCF $1.31BFCF $993.0M0001585689-19-000034 · filed 2019-02-13FY2017 · OCF $849.0M · FCF $791.0M · 0001585689-20-000013 · filed 2020-02-11FY17OCF $849.0MFCF $791.0M0001585689-20-000013 · filed 2020-02-11FY2018 · OCF $1.25B · FCF $1.18B · 0001585689-21-000016 · filed 2021-02-17FY18OCF $1.25BFCF $1.18B0001585689-21-000016 · filed 2021-02-17FY2019 · OCF $1.38B · FCF $1.30B · 0001585689-22-000013 · filed 2022-02-16FY19OCF $1.38BFCF $1.30B0001585689-22-000013 · filed 2022-02-16FY2020 · OCF $708.0M · FCF $662.0M · 0001585689-23-000036 · filed 2023-02-09FY20OCF $708.0MFCF $662.0M0001585689-23-000036 · filed 2023-02-09FY2021 · OCF $109.0M · FCF $74.0M · 0001585689-24-000027 · filed 2024-02-07FY21OCF $109.0MFCF $74.0M0001585689-24-000027 · filed 2024-02-07FY2022 · OCF $1.68B · FCF $1.64B · 0001585689-25-000008 · filed 2025-02-06FY22OCF $1.68BFCF $1.64B0001585689-25-000008 · filed 2025-02-06FY2023 · OCF $1.95B · FCF $1.79B · 0001585689-26-000007 · filed 2026-02-11FY23OCF $1.95BFCF $1.79B0001585689-26-000007 · filed 2026-02-11FY2024 · OCF $2.01B · FCF $1.92B · 0001585689-26-000007 · filed 2026-02-11FY24OCF $2.01BFCF $1.92B0001585689-26-000007 · filed 2026-02-11FY2025 · OCF $2.13B · FCF $2.03B · 0001585689-26-000007 · filed 2026-02-11FY25OCF $2.13BFCF $2.03B0001585689-26-000007 · filed 2026-02-11FY25OCF $2.13BFCF $2.03B0001585689-26-000007 · filed 2026-02-11’13’16’19’22’25

FY2025: $2.13B operating cash − $101.0M capex = $2.03B free cash flow

Returns on capitalReturn on equityReturn on assets
-200%-100%0%100%FY2013 · ROE 9.5% · ROA 1.6%FY13ROE 9.5%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 14.2% · ROA 2.6%FY14ROE 14.2%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 23.5% · ROA 5.5%FY15ROE 23.5%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 5.7% · ROA 1.3%FY16ROE 5.7%ROA 1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 64.2% · ROA 7.6%FY17ROE 64.2%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 138.7% · ROA 5.5%FY18ROE 138.7%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -182.8% · ROA 5.9%FY19ROE -182.8%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 48.0% · ROA -4.3%FY20ROE 48.0%ROA -4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -49.9% · ROA 2.7%FY21ROE -49.9%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -113.9% · ROA 8.1%FY22ROE -113.9%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -48.3% · ROA 7.4%FY23ROE -48.3%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -41.2% · ROA 9.3%FY24ROE -41.2%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -27.0% · ROA 8.7%FY25ROE -27.0%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -27.0%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 10% (FY2013) → -27% (FY2025) · on assets 8.7%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2013 · Liabilities $22.29B · Equity $4.36BFY13Liabilities $22.29BEquity $4.36B0001585689-15-000032 · filed 2015-02-18FY2014 · Liabilities $21.41B · Equity $4.75BFY14Liabilities $21.41BEquity $4.75B0001585689-16-000161 · filed 2016-02-26FY2015 · Liabilities $19.67B · Equity $5.99BFY15Liabilities $19.67BEquity $5.99B0001585689-17-000038 · filed 2017-02-15FY2016 · Liabilities $20.36B · Equity $5.90BFY16Liabilities $20.36BEquity $5.90B0001585689-18-000033 · filed 2018-02-14FY2017 · Liabilities $12.54B · Equity $1.69BFY17Liabilities $12.54BEquity $1.69B0001585689-19-000034 · filed 2019-02-13FY2018 · Liabilities $13.44B · Equity $551.0MFY18Liabilities $13.44BEquity $551.0M0001585689-20-000013 · filed 2020-02-11FY2019 · Liabilities $15.43B · Equity −$482.0MFY19Liabilities $15.43BEquity −$482.0M0001585689-21-000016 · filed 2021-02-17FY2020 · Liabilities $18.24B · Equity −$1.49BFY20Liabilities $18.24BEquity −$1.49B0001585689-22-000013 · filed 2022-02-16FY2021 · Liabilities $16.26B · Equity −$821.0MFY21Liabilities $16.26BEquity −$821.0M0001585689-23-000036 · filed 2023-02-09FY2022 · Liabilities $16.61B · Equity −$1.10BFY22Liabilities $16.61BEquity −$1.10B0001585689-24-000027 · filed 2024-02-07FY2023 · Liabilities $17.75B · Equity −$2.36BFY23Liabilities $17.75BEquity −$2.36B0001585689-25-000008 · filed 2025-02-06FY2024 · Liabilities $20.21B · Equity −$3.73BFY24Liabilities $20.21BEquity −$3.73B0001585689-26-000007 · filed 2026-02-11FY2025 · Liabilities $22.12B · Equity −$5.39BFY25Liabilities $22.12BEquity −$5.39B0001585689-26-000007 · filed 2026-02-11FY25Liabilities $22.12BEquity −$5.39B0001585689-26-000007 · filed 2026-02-11’13’16’19’22’25

FY2025: $16.77B assets · $22.12B liabilities · −$5.39B equity

The receipts