Hilton Reports Fourth Quarter and Full Year Results

Hilton Worldwide Holdings Inc. reported its fourth quarter and full year 2025 results. Highlights include:

Diluted EPS:
- Q4: $1.27
- Full year: $6.12
- Adjusted (excluding special items): $2.08 (Q4), $8.11 (full year)

Net Income:
- Q4: $298 million
- Full year: $1.46 billion

Adjusted EBITDA:
- Q4: $946 million
- Full year: $3.73 billion

Operational Highlights
- RevPAR Growth: System-wide comparable RevPAR increased 0.5% (Q4) and 0.4% (full year), currency neutral.
- Development Pipeline: Record 520,500 rooms approved for development, up 4% year-over-year.
- Room Openings: Added 26,000 rooms in Q4, totaling 97,000 in 2025, driving 6.7% net unit growth.

Strategic Moves
- New Brand: Launched Apartment Collection by Hilton in January 2026.
- Partnership Expansion: Hilton Honors Adventures added Explora Journeys (luxury ocean travel) in December 2025.
- Capital Markets: Issued $1.0 billion Senior Notes (5.5%, due 2034).
- Shareholder Returns: Repurchased 2.8 million shares in Q4; total capital return of $3.3 billion in 2025.

2026 Outlook
- RevPAR Growth: Projected +1% to +2% (currency neutral).
- Net Income: Expected $1.98–2.01 billion.
- Adjusted EBITDA: Forecast $4.0–4.04 billion.
- Capital Return: Around $3.5 billion.
- Net Unit Growth: Anticipated 6–7%.

Hilton’s results show steady RevPAR growth, aggressive pipeline expansion, and strong capital returns, while the launch of Apartment Collection signals diversification into extended-stay and residential-style offerings.