Hyatt Hotels (H) Gross Margin (2017 - 2026)
Hyatt Hotels' Gross Margin came in at 21.21% for Q2 2026, down 0.58 percentage points from 21.79% a year earlier but up 1.76 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 Jun 30, 2026, Hyatt Hotels reported Gross Margin of 20.30%, down 0.55 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 five-year range for quarterly Gross Margin is 19.45% (Q1 2026) to 28.32% (Q2 2022).
- Year-over-year, Gross Margin has declined for five consecutive quarters, with an average year-over-year change of -1.13 percentage points over the last eight quarters.
- 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 19.45% (Q1 2026), 20.01% (Q4 2025) and 20.49% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 21.98% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 92.04% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 45.50% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 79.56% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 21.21% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 95.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 20.92% |
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();