Hilton Worldwide Holdings (HLT) Cost of Revenue (2013 - 2026)
Hilton Worldwide Holdings' Cost of Revenue was $271 million in Q3 2026, down 2.2% from $277 million a year earlier but up 1.9% from the prior quarter.
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Analysis
Hilton Worldwide Holdings (HLT) Cost of Revenue (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hilton Worldwide Holdings' Cost of Revenue was $1.06 billion through Sep 30, 2026, down 2.8% year-over-year; for FY2025, it came in at $1.09 billion, down 2.8% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 12.0% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.13 billion in FY2024 (-1.3%), $1.14 billion in FY2023 (+14.2%), $999 million in FY2022 (+47.1%) and $679 million in FY2021 (+9.5%).
- Quarterly Cost of Revenue has moved between $185 million (Q1 2022) and $301 million (Q3 2023) over five years.
- Compared with a year earlier, Cost of Revenue has declined for seven straight quarters, with an average decline of 2.7% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q2 2022 (growth of 81.0%); the worst was Q2 2026 (a decline of 7.0%).
- Per Business Quant data, HLT's Cost of Revenue in the three quarters before Q3 2026 was $266 million (Q2 2026), $235 million (Q1 2026) and $292 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 5.46 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 2.71 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 271.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | - |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 1.19 Bn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | 466.00 Mn |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 1.36 Bn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 594.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 20.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 271.00 Mn |
| Jun 30, 2026 | 266.00 Mn |
| Mar 31, 2026 | 235.00 Mn |
| Dec 31, 2025 | 292.00 Mn |
| Sep 30, 2025 | 277.00 Mn |
| Jun 30, 2025 | 286.00 Mn |
| Mar 31, 2025 | 239.00 Mn |
| Dec 31, 2024 | 293.00 Mn |
| Sep 30, 2024 | 288.00 Mn |
| Jun 30, 2024 | 298.00 Mn |
| Mar 31, 2024 | 247.00 Mn |
| Dec 31, 2023 | 292.00 Mn |
| Sep 30, 2023 | 301.00 Mn |
| Jun 30, 2023 | 297.00 Mn |
| Mar 31, 2023 | 251.00 Mn |
| Dec 31, 2022 | 294.00 Mn |
| Sep 30, 2022 | 263.00 Mn |
| Jun 30, 2022 | 257.00 Mn |
| Mar 31, 2022 | 185.00 Mn |
| Dec 31, 2021 | 227.00 Mn |
API Access
Hilton Worldwide Holdings Cost of Revenue 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=cost-of-revenue&ticker=HLT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HLT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HLT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();