Hyatt Hotels (H) Gross Margin (2017 - 2026)
Hyatt Hotels' (H) quarterly Gross Margin came in at 44.23% in Q2 2026, down 328.0% on a YoY basis from 19.4% in Q2 2025, and down 1.51% quarter-over-quarter from 44.91% in Q1 2026.
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Hyatt Hotels (H) Gross Margin (2017 - 2026) Analysis & Trends
Hyatt Hotels (H) has reported Gross Margin for 10 consecutive years, with 44.23% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 328.0% year-over-year to 44.23%; the trailing twelve-month figure through Jun 2026 stood at 46.67% (up 23.0% YoY), and the FY2025 full-year result was 48.15%, up 15.0% from the prior year.
- Gross Margin declined to 44.23% in Q2 2026 per H's latest filing, from 44.91% in the prior quarter.
- Across five years, Gross Margin topped out at 57.65% in Q2 2022 and bottomed at 44.23% in Q2 2026.
- Historically, Gross Margin has averaged 50.35% across 5 years, with a median of 49.62% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 1977 bps in 2022, then plunged 698 bps in 2024.
- Over 5 years, Gross Margin stood at 52.71% in 2022, then dropped by 7 bps to 49.28% in 2023, then retreated by 9 bps to 44.63% in 2024, then gained by 8 bps to 48.24% in 2025, then dropped by 8 bps to 44.23% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 44.23%, 44.91%, and 48.24% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 27.87% |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 92.04% |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | 44.23% |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | 43.23% |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 99.50% |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 93.07% |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 55.15% |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | 87.55% |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | 99.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.23% |
| Mar 31, 2026 | 44.91% |
| Dec 31, 2025 | 48.24% |
| Sep 30, 2025 | 49.33% |
| Jun 30, 2025 | 47.51% |
| Mar 31, 2025 | 47.50% |
| Dec 31, 2024 | 44.63% |
| Sep 30, 2024 | 45.92% |
| Jun 30, 2024 | 49.91% |
| Mar 31, 2024 | 51.23% |
| Dec 31, 2023 | 49.28% |
| Sep 30, 2023 | 52.90% |
| Jun 30, 2023 | 53.72% |
| Mar 31, 2023 | 55.42% |
| Dec 31, 2022 | 52.71% |
| Sep 30, 2022 | 54.77% |
| Jun 30, 2022 | 57.65% |
| Mar 31, 2022 | 56.53% |
| Dec 31, 2021 | 51.49% |
| Sep 30, 2021 | 45.36% |