Hilton Worldwide Holdings
Hilton Worldwide Holdings returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 34.3% | 25.16% | 2.33% | — | 9.65% | 26.6 pp |
| FY 2026 Q1 | Mar 31, 2026 | 33.51% | 24.61% | — | — | 9.51% | 25.8 pp |
| FY 2025 Q4 | Dec 31, 2025 | 31.05% | 22.36% | — | — | 8.75% | 23.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | 36.83% | 21.37% | — | — | 9.99% | 29.1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 33.49% | 21.25% | — | — | 10.04% | 25.8 pp |
| FY 2025 Q1 | Mar 31, 2025 | 33.78% | 20.31% | 859.29% | — | 9.82% | 26.1 pp |
| FY 2024 Q4 | Dec 31, 2024 | 33.55% | 20.17% | 560.1% | — | 9.62% | 25.9 pp |
| FY 2024 Q3 | Sep 30, 2024 | 25.31% | 19.14% | — | — | 7.38% | 17.6 pp |
| FY 2024 Q2 | Jun 30, 2024 | 24.67% | 19.77% | — | — | 7.8% | 17 pp |
| FY 2024 Q1 | Mar 31, 2024 | 25.06% | 18.85% | — | — | 7.71% | 17.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 24.24% | 18.68% | — | — | 7.38% | 16.5 pp |
| FY 2023 Q3 | Sep 30, 2023 | 26.65% | 19.59% | — | — | 8.61% | 19 pp |
| FY 2023 Q2 | Jun 30, 2023 | 25.02% | 19.12% | — | — | 8.42% | 17.3 pp |
| FY 2023 Q1 | Mar 31, 2023 | 24.48% | 18.38% | — | — | 8.14% | 16.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 23.43% | 17.05% | — | — | 8.11% | 15.7 pp |
| FY 2022 Q3 | Sep 30, 2022 | 20.41% | 15.49% | — | — | 6.97% | 12.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 18.52% | 14.14% | — | — | 6.35% | 10.8 pp |
| FY 2022 Q1 | Mar 31, 2022 | 15.74% | 10.5% | — | — | 4.64% | 8 pp |
| FY 2021 Q4 | Dec 31, 2021 | 11.93% | 7.55% | — | — | 2.55% | 4.2 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 3.5% | — | — | 0.24% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 0.45% | — | — | -1.74% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -3.44% | — | — | -5.3% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -3.17% | — | — | -4.51% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 0.93% | — | — | -1.96% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 4.66% | — | — | 0.32% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 11.03% | — | — | 4.84% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 14.12% | — | 2,553.62% | 6.09% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 13.99% | — | 508.2% | 6.37% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 12.83% | — | 306.29% | 5.52% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 12.29% | — | 82.63% | 5.23% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 12.2% | — | 58.25% | 5.4% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 11.86% | — | 136.57% | 9.73% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 11.85% | — | 134.98% | 9.89% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 11.41% | — | 80.6% | 9.43% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 7.7% | — | 31.59% | 6.21% | — |
| FY 2017 Q3 | Sep 30, 2017 | 0.55% | 8.06% | — | 0.8% | 0.16% | -7.2 pp |
| FY 2017 Q2 | Jun 30, 2017 | 0.72% | 8.69% | — | 1.01% | 0.2% | -7 pp |
| FY 2017 Q1 | Mar 31, 2017 | 1.77% | 9.74% | — | 2.88% | 0.56% | -5.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | 3.63% | 7.96% | — | 5.86% | 1.34% | -4.1 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 8.34% | — | 26.41% | 5.98% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 9.04% | — | 28.59% | 6.32% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 8.51% | — | 28.68% | 6.06% | — |
| FY 2015 Q4 | Dec 31, 2015 | 13.01% | 8.79% | 477.97% | 26.15% | 5.42% | 5.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 7.12% | 8.56% | — | 14.95% | 2.86% | -0.6 pp |
| FY 2015 Q2 | Jun 30, 2015 | 6.41% | 7.57% | — | 13.12% | 2.48% | -1.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 6.82% | 7.6% | — | 15.22% | 2.68% | -0.9 pp |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · HLT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.