Hilton Q2 FY2026: revenue up 6.5%, adjusted EPS $2.29 edges under consensus
Hilton's second quarter was solid but not flawless: revenue rose 6.5% to $3.341 billion, net income climbed 9.0% to $482 million, and adjusted EPS of $2.29 came in a hair under the $2.3082 consensus. Read the top line carefully — 59.3% of it is pass-through money that never reaches shareholders, so the fee business, unit growth and leverage matter more than the headline number.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $2.10 beat last year's $1.84 by 14.1%, and adjusted EPS of $2.29 rose 4.1% from $2.20. Against the $2.3082 consensus, the adjusted figure fell short by roughly $0.02, or 0.8%. Adjusted EBITDA of $1,054 million rose 4.6% from $1,008 million, and the CFO noted the quarter benefited from better-than-expected RevPAR and about $17 million of non-RevPAR items pulled forward from the second half.
Revenue rose 6.5% to $3.341 billion from $3.137 billion a year earlier, but $1.982 billion of that is cost reimbursement revenue — money Hilton collects for hotel owners and hands back. Strip that out and Hilton's own revenue was $1.359 billion, up 2.5% from $1.326 billion, with management and franchise fee revenue up 6.4%. System-wide comparable RevPAR rose 3.9% on a currency neutral basis, and the U.S. was the strongest region at 5.4%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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