Hyatt Hotels (H) Operating Expenses (2010 - 2026)
Hyatt Hotels' (H) quarterly Operating Expenses came in at $1.7 billion in Q2 2026, down 2.74% on a YoY basis from $1.8 billion in Q2 2025, and up 4.42% quarter-over-quarter from $1.6 billion in Q1 2026.
Analysis
Hyatt Hotels (H) Operating Expenses (2010 - 2026) Analysis & Trends
Hyatt Hotels (H) has reported Operating Expenses for 17 consecutive years, with $1.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 2.74% year-over-year to $1.7 billion; the trailing twelve-month figure through Jun 2026 stood at $6.7 billion (up 4.8% YoY), and the FY2025 full-year result was $6.8 billion, up 7.63% from the prior year.
- Operating Expenses grew to $1.7 billion in Q2 2026 per H's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.8 billion in Q2 2025 and bottomed at $1.3 billion in Q1 2022.
- Historically, Operating Expenses has averaged $1.6 billion across 5 years, with a median of $1.6 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 111.97% in 2022, then fell 7.7% in 2024.
- Over 5 years, Operating Expenses stood at $1.5 billion in 2022, then increased by 7.57% to $1.6 billion in 2023, then retreated by 7.7% to $1.5 billion in 2024, then gained by 11.7% to $1.7 billion in 2025, then increased by 0.12% to $1.7 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.7 billion, $1.6 billion, and $1.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | 1.70 Bn |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | -753.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 80.75 Mn |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 201.00 Mn |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 336.62 Mn |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | -14.78 Mn |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | -27.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.70 Bn |
| Mar 31, 2026 | 1.63 Bn |
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | 1.69 Bn |
| Jun 30, 2025 | 1.75 Bn |
| Mar 31, 2025 | 1.62 Bn |
| Dec 31, 2024 | 1.52 Bn |
| Sep 30, 2024 | 1.53 Bn |
| Jun 30, 2024 | 1.55 Bn |
| Mar 31, 2024 | 1.67 Bn |
| Dec 31, 2023 | 1.65 Bn |
| Sep 30, 2023 | 1.52 Bn |
| Jun 30, 2023 | 1.60 Bn |
| Mar 31, 2023 | 1.60 Bn |
| Dec 31, 2022 | 1.53 Bn |
| Sep 30, 2022 | 1.40 Bn |
| Jun 30, 2022 | 1.31 Bn |
| Mar 31, 2022 | 1.26 Bn |
| Dec 31, 2021 | 1.11 Bn |
| Sep 30, 2021 | 844.00 Mn |