Hilton Worldwide Holdings (HLT) Operating Margin (2013 - 2026)
Hilton Worldwide Holdings (HLT) reported Operating Margin of 27.34% for Q3 2026, up 2.43 percentage points from 24.90% a year earlier and up 1.66 percentage points from the prior quarter.
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Analysis
Hilton Worldwide Holdings (HLT) Operating Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Hilton Worldwide Holdings' Operating Margin came in at 24.01%, up 2.03 percentage points year-over-year; for FY2025, it came in at 22.37%, up 1.16 percentage points from FY2024.
- Operating Margin has a five-year change of +32.07 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 21.21% in FY2024 (-0.53 pp), 21.74% in FY2023 (-2.13 pp), 23.87% in FY2022 (+6.42 pp) and 17.45% in FY2021 (+27.16 pp).
- The Q3 2026 figure ranks as the highest quarterly Operating Margin in data going back to Q1 2013.
- Year over year, Operating Margin has now increased in each of the last six quarters, with an average year-over-year change of +1.66 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q4 2021 (a gain of 40.05 percentage points); the low point was Q4 2023 (a drop of 5.29 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 25.68% (Q2 2026), 23.08% (Q1 2026) and 19.50% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.41 Bn | 107.68 Bn | 1.54 Bn | 18.19% |
| 2 | Royal Caribbean Cruises | 89.13 Bn | 86.27 Bn | 2.88 Bn | 33.46% |
| 3 | Hilton Worldwide Holdings | 84.01 Bn | 80.77 Bn | 3.05 Bn | 27.34% |
| 4 | Carnival | 42.11 Bn | 35.32 Bn | - | 26.32% |
| 5 | Viking Holdings | 41.10 Bn | 26.23 Bn | 996.62 Mn | 29.40% |
| 6 | Intercontinental Hotels | 28.99 Bn | 24.96 Bn | - | - |
| 7 | Trip.com | 27.73 Bn | -17.07 Bn | 1.84 Bn | -9.36% |
| 8 | Hyatt Hotels | 17.88 Bn | 15.61 Bn | 384.00 Mn | -66.38% |
| 9 | H World | 15.43 Bn | 6.85 Bn | 456.00 Mn | 31.05% |
| 10 | U-Haul Holding | 11.92 Bn | 7.43 Bn | 1.64 Bn | 14.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.34% |
| Jun 30, 2026 | 25.68% |
| Mar 31, 2026 | 23.08% |
| Dec 31, 2025 | 19.50% |
| Sep 30, 2025 | 24.90% |
| Jun 30, 2025 | 24.80% |
| Mar 31, 2025 | 19.89% |
| Dec 31, 2024 | 17.57% |
| Sep 30, 2024 | 21.73% |
| Jun 30, 2024 | 24.57% |
| Mar 31, 2024 | 20.72% |
| Dec 31, 2023 | 15.33% |
| Sep 30, 2023 | 24.43% |
| Jun 30, 2023 | 25.34% |
| Mar 31, 2023 | 21.72% |
| Dec 31, 2022 | 20.62% |
| Sep 30, 2022 | 26.31% |
| Jun 30, 2022 | 26.70% |
| Mar 31, 2022 | 21.44% |
| Dec 31, 2021 | 18.14% |
API Access
Hilton Worldwide Holdings Operating 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=operating-margin&ticker=HLT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=HLT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();