Franchise & Licensing Fees was Hilton Worldwide Holdings’s largest product and service line in fiscal 2025, bringing in $5.59B of $12.25B (46%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Revenues Excluding Reimbursable Revenues | $3.74B | $4.41B | $4.75B | $4.95B | ||||
| Other Revenues From Managed & Franchised Properties | — | — | — | — | ||||
| Franchise & Licensing Fees | $4.15B | $4.76B | $5.22B | $5.59B | ||||
| Direct Reimbursements From Managed & Franchised Properties | — | — | — | — | ||||
| Indirect Reimbursements From Manged & Franchised Properties | — | — | — | — | ||||
| Owned & Leased Hotels | — | — | — | — | ||||
| Base & Other Management Fees | $632.00M | $735.00M | $796.00M | $813.00M | ||||
| Incentive Management Fees | $196.00M | $274.00M | $290.00M | $645.00M | ||||
| Other Revenues | $102.00M | $178.00M | $232.00M | $252.00M | ||||
| Total | $8.82B | $10.35B | $11.29B | $12.25B |
Hilton Worldwide Holdings brought in $12.25B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 8.5% from $11.29B in fiscal 2024. Franchise & Licensing Fees was the largest at $5.59B (45.6%), ahead of Total Revenues Excluding Reimbursable Revenues at $4.95B (40.4%) and Base & Other Management Fees at $813.00M (6.6%). The other two lines brought in $897.00M combined.
Compared with fiscal 2024, Incentive Management Fees grew fastest, up 122.4% to $645.00M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $8.82B to $12.25B, a compound annual growth rate of 11.6%. Franchise & Licensing Fees' share of the total fell from 47.1% to 45.6%.
Domestic Plan was Hilton Worldwide Holdings’s largest region in fiscal 2025, bringing in $9.52B of $12.04B (79%).
| Geography | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Plan | $6.95B | $7.99B | $8.78B | $9.52B | ||||||
| United States | — | — | — | — | ||||||
| All Other | $1.83B | $2.25B | $2.40B | $2.52B | ||||||
| United Kingdom | — | — | — | — | ||||||
| Total | $8.77B | $10.24B | $11.17B | $12.04B |
Hilton Worldwide Holdings brought in $12.04B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 7.7% from $11.17B in fiscal 2024. Domestic Plan was the largest at $9.52B (79.1%), ahead of All Other at $2.52B (20.9%).
Compared with fiscal 2024, Domestic Plan grew 8.5% to $9.52B and All Other grew 5.1% to $2.52B. From fiscal 2022 to 2025, combined revenue from these regions grew from $8.77B to $12.04B, a compound annual growth rate of 11.1%. Domestic Plan's share held steady at about 79.1%.
Guarantor Subsidiaries was Hilton Worldwide Holdings’s largest revenue line in fiscal 2015, bringing in $4.71B of $7.15B (66%).
| Consolidated Entities | FY 2015 |
|---|---|
| Guarantor Subsidiaries | $4.71B |
| Non-Guarantor Subsidiaries | $2.43B |
| Total | $7.15B |
Hilton Worldwide Holdings brought in $7.15B from its two revenue lines in fiscal 2015, the year ended December 31, 2015. Guarantor Subsidiaries was the largest at $4.71B (65.9%), ahead of Non-Guarantor Subsidiaries at $2.43B (34.1%).
Hilton Worldwide Holdings (HLT) reports its revenue by product and service, by geography and by consolidated entities. In fiscal 2025, Franchise & Licensing Fees was its largest product and service line, bringing in $5.59B (45.6% of the total), followed by Total Revenues Excluding Reimbursable Revenues at $4.95B (40.4%).
Franchise & Licensing Fees was Hilton Worldwide Holdings' largest product and service line in fiscal 2025, bringing in $5.59B, or 45.6% of the $12.25B total across its five product and service lines.
Domestic Plan was Hilton Worldwide Holdings' largest region in fiscal 2025, bringing in $9.52B, or 79.1% of the $12.04B total across its two regions.
Guarantor Subsidiaries was Hilton Worldwide Holdings' largest revenue line in fiscal 2015, bringing in $4.71B, or 65.9% of the $7.15B total across its two revenue lines.
Among Hilton Worldwide Holdings' product and service lines that make up at least 2% of revenue, Incentive Management Fees grew fastest in fiscal 2025, up 122.4% from $290.00M to $645.00M.
Every figure comes from Hilton Worldwide Holdings' annual financial filings, as reported. Each line keeps the name Hilton Worldwide Holdings gives it, and years follow its fiscal calendar.
Hilton Worldwide Holdings' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.