Cost Reimbursement Revenues was Hilton Worldwide Holdings’s largest product and service line in fiscal 2025, bringing in $7.09B of $12.04B (59%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost Reimbursement Revenues | — | $5.83B | $6.43B | $7.09B | ||||||
| Other Revenues From Managed & Franchised Properties | $5.04B | — | — | — | ||||||
| Direct Reimbursements From Managed & Franchised Properties | — | — | — | — | ||||||
| Indirect Reimbursements From Manged & Franchised Properties | — | — | — | — | ||||||
| Franchise & Licensing Fees | $2.07B | $2.37B | $2.60B | $2.78B | ||||||
| Ownership | — | $1.24B | $1.26B | $1.23B | ||||||
| Owned & Leased Hotels | $1.08B | — | — | — | ||||||
| Base & Other Management Fees | $294.00M | $342.00M | $369.00M | $376.00M | ||||||
| Incentive Management Fees | $196.00M | $274.00M | $290.00M | $313.00M | ||||||
| Other Revenues | $102.00M | $178.00M | $232.00M | $252.00M | ||||||
| Total | $8.77B | $10.24B | $11.17B | $12.04B |
Hilton Worldwide Holdings brought in $12.04B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 7.7% from $11.17B in fiscal 2024. Cost Reimbursement Revenues was the largest at $7.09B (58.9%), ahead of Franchise & Licensing Fees at $2.78B (23.1%) and Ownership at $1.23B (10.2%). The other three lines brought in $941.00M combined.
Compared with fiscal 2024, Cost Reimbursement Revenues grew fastest, up 10.2% to $7.09B, while Ownership fell the most, down 1.8% to $1.23B.
Hilton Worldwide Holdings began breaking out Cost Reimbursement Revenues in fiscal 2023 and Ownership in fiscal 2023. Hilton Worldwide Holdings stopped reporting Other Revenues From Managed & Franchised Properties ($5.04B in fiscal 2022) and Owned & Leased Hotels ($1.08B in fiscal 2022) as separate lines.
Domestic Plan was Hilton Worldwide Holdings’s largest region in fiscal 2025, bringing in $9.52B of $12.04B (79%).
| Geography | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | 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 | ||||||||||
| Rest Of World | — | — | — | — | ||||||||||
| 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 2017, bringing in $5.40B of $8.16B (66%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Guarantor Subsidiaries | $4.71B | $4.23B | $5.40B |
| Non-Guarantor Subsidiaries | $2.43B | $2.30B | $2.42B |
| Hoc | — | $63.00M | $334.00M |
| Total | $7.15B | $6.59B | $8.16B |
Hilton Worldwide Holdings brought in $8.16B from its three revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 23.8% from $6.59B in fiscal 2016. Guarantor Subsidiaries was the largest at $5.40B (66.3%), ahead of Non-Guarantor Subsidiaries at $2.42B (29.6%) and Hoc at $334.00M (4.1%).
Compared with fiscal 2016, Hoc grew fastest, up 430.2% to $334.00M. Every revenue line above 2% of revenue grew.
Hilton Worldwide Holdings began breaking out Hoc in fiscal 2016, when it brought in $63.00M.
Hilton Worldwide Holdings (HLT) reports its revenue by product and service, by geography and by consolidated entities. In fiscal 2025, Cost Reimbursement Revenues was its largest product and service line, bringing in $7.09B (58.9% of the total), followed by Franchise & Licensing Fees at $2.78B (23.1%).
Cost Reimbursement Revenues was Hilton Worldwide Holdings' largest product and service line in fiscal 2025, bringing in $7.09B, or 58.9% of the $12.04B total across its six 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 2017, bringing in $5.40B, or 66.3% of the $8.16B total across its three revenue lines.
Among Hilton Worldwide Holdings' product and service lines that make up at least 2% of revenue, Cost Reimbursement Revenues grew fastest in fiscal 2025, up 10.2% from $6.43B to $7.09B.
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 2016, 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.