Hyatt Hotels (H) Gross Margin (2017 - 2026)
Hyatt Hotels' Gross Margin came in at 22.03% for Q3 2026, up 1.54 percentage points from 20.49% a year earlier and up 0.82 percentage points from the prior quarter.
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Analysis
Hyatt Hotels (H) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Hyatt Hotels reported Gross Margin of 20.68%, down 0.11 percentage points year-over-year; for FY2025, it came in at 20.76%, down 0.17 percentage points from FY2024.
- Gross Margin has declined in each of the last three years, though with a five-year change of +17.66 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 20.92% in FY2024 (-3.71 pp), 24.63% in FY2023 (-1.99 pp), 26.62% in FY2022 (+8.39 pp) and 18.23% in FY2021 (+15.13 pp).
- The Q3 2026 figure represents the highest quarterly Gross Margin since Q2 2024.
- Year-over-year, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.31 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 24.26 percentage points), and the weakest in Q1 2024 (a drop of 5.12 percentage points).
- Business Quant data shows H's Gross Margin at 21.21% (Q2 2026), 19.45% (Q1 2026) and 20.01% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 22.03% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 51.51% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 91.85% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | - |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 45.50% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | 79.81% |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 22.03% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 43.43% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 98.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.03% |
| Jun 30, 2026 | 21.21% |
| Mar 31, 2026 | 19.45% |
| Dec 31, 2025 | 20.01% |
| Sep 30, 2025 | 20.49% |
| Jun 30, 2025 | 21.79% |
| Mar 31, 2025 | 20.72% |
| Dec 31, 2024 | 20.04% |
| Sep 30, 2024 | 20.75% |
| Jun 30, 2024 | 22.20% |
| Mar 31, 2024 | 20.65% |
| Dec 31, 2023 | 21.63% |
| Sep 30, 2023 | 25.71% |
| Jun 30, 2023 | 25.40% |
| Mar 31, 2023 | 25.77% |
| Dec 31, 2022 | 25.63% |
| Sep 30, 2022 | 27.38% |
| Jun 30, 2022 | 28.32% |
| Mar 31, 2022 | 24.94% |
| Dec 31, 2021 | 20.72% |
API Access
Hyatt Hotels Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=H&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "H", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=H&period=max&api_key=YOUR_API_KEY");
const data = await res.json();