Hilton Worldwide Holdings Inc. has reported its fourth quarter and full-year 2025 results, with several key metrics showing changes from the previous period. The highlights include the following:
- Diluted EPS was $1.27 for the fourth quarter and $6.12 for the full year, compared to $2.06 and $6.14, respectively, for the same periods in 2024.
- Adjusted diluted EPS was $2.08 for the fourth quarter and $8.11 for the full year, compared to $1.76 and $7.12, respectively, for the same periods in 2024.
- Net income was $298 million for the fourth quarter and $1,461 million for the full year, compared to $505 million and $1,539 million, respectively, for the same periods in 2024.
- Adjusted EBITDA was $946 million for the fourth quarter and $3,725 million for the full year, compared to $858 million and $3,429 million, respectively, for the same periods in 2024.
- System-wide comparable RevPAR increased by 0.5 percent for the fourth quarter and 0.4 percent for the full year, on a currency-neutral basis, compared to the same periods in 2024.
- The development pipeline grew to a record 520,500 rooms as of December 31, 2025, representing a 4 percent increase from December 31, 2024.
- Hilton repurchased 2.8 million shares of common stock during the fourth quarter, bringing total capital return, including dividends, to $792 million for the quarter and $3.3 billion for the full year.
Looking ahead, Hilton projects full-year 2026 system-wide RevPAR to increase between 1.0 percent and 2.0 percent on a comparable and currency-neutral basis compared to 2025. Additionally, full-year net income is projected to be between $1,982 million and $2,011 million, and full-year adjusted EBITDA is projected to be between $4,000 million and $4,040 million. The company also expects net unit growth for 2026 to be between 6.0 percent and 7.0 percent.
Hilton's CEO, Christopher J. Nassetta, expressed optimism about the company's future, citing improving demand patterns and limited supply growth as factors that should result in stronger RevPAR performance. The company's development pipeline, introduction of new brands and partnerships, and continued global brand presence were also highlighted as factors contributing to confidence in delivering net unit growth in 2026 and beyond.
In terms of liquidity, as of December 31, 2025, Hilton had $12.5 billion of debt outstanding, excluding the deduction for unamortized deferred financing costs and discount, with a weighted average interest rate of 4.76 percent. The company also had total cash and cash equivalents of $970 million as of the same date.
Hilton's outlook for the first quarter of 2026 includes projections for system-wide comparable RevPAR, diluted EPS, net income, and adjusted EBITDA. The company also plans to host a conference call to discuss its fourth quarter and full-year 2025 results on February 11, 2026, at 9:00 a.m. Eastern Time.
Following these announcements, the company's shares moved -0.34%, and are now trading at a price of $300.85. For more information, read the company's full 8-K submission here.
