v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenues $ 3,325 $ 3,120 $ 9,603 $ 8,952
Ownership 271 277 772 802
Depreciation and amortization expenses 52 46 151 130
General and administrative 110 95 327 298
Other expenses 32 23 100 75
Total expenses excluding reimbursable expenses 465 441 1,350 1,305
Reimbursed expenses [1] 1,951 1,902 5,808 5,556
Total expenses 2,416 2,343 7,158 6,861
Operating income 909 777 2,445 2,091
Interest expense (184) (159) (529) (455)
Loss on foreign currency transactions (7) (9) (19) (8)
Other non-operating income (loss), net 4 (5) 23 15
Income before income taxes 722 604 1,920 1,643
Income tax expense (186) (183) (519) (480)
Net income 536 421 1,401 1,163
Net loss (income) attributable to redeemable and nonredeemable noncontrolling interests 0 (1) 2 (3)
Net income attributable to Hilton stockholders $ 536 $ 420 $ 1,403 $ 1,160
Basic EPS:        
Earnings per share, basic (USD per share) $ 2.39 $ 1.79 $ 6.18 $ 4.89
Diluted EPS:        
Earnings per share, diluted (USD per share) 2.37 1.78 6.13 4.84
Cash dividends declared per share $ 0.15 $ 0.15 $ 0.45 $ 0.45
Total revenues excluding reimbursable revenues [Member]        
Total revenues $ 1,358 $ 1,283 $ 3,899 $ 3,674
Franchise and licensing fees        
Total revenues 815 739 2,319 2,109
Base and other management fees        
Total revenues 96 93 290 278
Incentive management fees        
Total revenues 71 65 216 212
Ownership        
Total revenues 304 322 864 888
Other revenues        
Total revenues 72 64 210 187
Cost reimbursement revenues        
Total revenues $ 1,967 $ 1,837 $ 5,704 $ 5,278
[1] Amounts include results from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.