7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
      
    		                                    
      assets
    		                                    
      property and equipment
    		7,174,000,000 7,176,000,000 7,317,000,000 7,398,000,000 7,413,000,000 7,422,000,000 7,441,000,000 7,459,000,000 8,028,000,000 8,002,000,000 8,198,000,000 8,301,000,000 8,292,000,000 8,326,000,000 8,465,000,000 8,511,000,000 8,549,000,000 8,820,000,000 9,125,000,000 9,193,000,000 9,255,000,000 9,323,000,000 9,383,000,000 9,594,000,000 9,986,000,000 7,764,000,000 7,944,000,000 7,975,000,000 7,974,000,000 7,999,000,000 8,051,000,000 8,311,000,000 8,464,000,000 8,495,000,000 8,516,000,000 8,541,000,000 
      contract asset
    		868,000,000 852,000,000 836,000,000 820,000,000 804,000,000 789,000,000 774,000,000 760,000,000                             
      intangibles
    		41,000,000 41,000,000 41,000,000 41,000,000 42,000,000 42,000,000 42,000,000 42,000,000 42,000,000 43,000,000 43,000,000 43,000,000 43,000,000 43,000,000 44,000,000 44,000,000 44,000,000 44,000,000 44,000,000 45,000,000 45,000,000 45,000,000 46,000,000 46,000,000 46,000,000 2,000,000 2,000,000 27,000,000 26,000,000 27,000,000 28,000,000 41,000,000 42,000,000 43,000,000 43,000,000 44,000,000 
      cash and cash equivalents
    		278,000,000 319,000,000 233,000,000 402,000,000 480,000,000 449,000,000 378,000,000 717,000,000 726,000,000 797,000,000 842,000,000 906,000,000 971,000,000 758,000,000 639,000,000 688,000,000 772,000,000 909,000,000 868,000,000 951,000,000 1,134,000,000 1,274,000,000 1,304,000,000 346,000,000 321,000,000 310,000,000 276,000,000 410,000,000 399,000,000 421,000,000 172,000,000 364,000,000 357,000,000 306,000,000 318,000,000 293,000,000 
      restricted cash
    		31,000,000 28,000,000 27,000,000 38,000,000 38,000,000 35,000,000 32,000,000 33,000,000 60,000,000 45,000,000 33,000,000 33,000,000 29,000,000 109,000,000 78,000,000 75,000,000 70,000,000 35,000,000 32,000,000 30,000,000 35,000,000 35,000,000 38,000,000 40,000,000 43,000,000 170,000,000 14,000,000 15,000,000 16,000,000 17,000,000 108,000,000 15,000,000 20,000,000 18,000,000 18,000,000 57,000,000 
      accounts receivable
    		124,000,000 129,000,000 125,000,000 131,000,000 124,000,000 133,000,000 125,000,000 112,000,000 149,000,000 134,000,000 130,000,000 129,000,000 144,000,000 149,000,000 106,000,000 96,000,000 62,000,000 63,000,000 38,000,000 26,000,000 36,000,000 31,000,000 113,000,000 180,000,000 193,000,000 186,000,000 172,000,000 153,000,000 176,000,000 180,000,000 138,000,000 125,000,000 158,000,000 188,000,000 180,000,000 130,000,000 
      prepaid expenses
    		55,000,000 72,000,000 66,000,000 69,000,000 57,000,000 75,000,000 62,000,000 59,000,000 63,000,000 83,000,000 55,000,000 58,000,000 40,000,000 39,000,000 58,000,000 35,000,000 34,000,000 35,000,000 35,000,000 39,000,000 43,000,000 43,000,000 73,000,000 83,000,000 76,000,000 88,000,000 76,000,000 82,000,000 62,000,000 46,000,000 54,000,000 48,000,000 48,000,000 53,000,000 51,000,000 58,000,000 
      other assets
    		78,000,000 69,000,000 70,000,000 71,000,000 38,000,000 40,000,000 40,000,000 40,000,000 36,000,000 35,000,000 42,000,000 46,000,000 39,000,000 38,000,000 65,000,000 69,000,000 34,000,000 50,000,000 53,000,000 60,000,000 53,000,000 46,000,000 46,000,000 40,000,000 29,000,000 45,000,000 42,000,000 44,000,000 42,000,000 98,000,000 91,000,000 83,000,000 23,000,000 22,000,000 28,000,000 26,000,000 
      operating lease right-of-use assets
    		181,000,000 184,000,000 186,000,000 191,000,000 177,000,000 181,000,000 191,000,000 197,000,000 201,000,000 205,000,000 210,000,000 214,000,000 224,000,000 228,000,000 232,000,000 210,000,000 215,000,000 220,000,000 225,000,000 229,000,000 235,000,000 239,000,000 244,000,000 248,000,000 267,000,000 207,000,000           
      total assets
    		8,830,000,000 8,870,000,000 8,901,000,000 9,161,000,000 9,173,000,000 9,166,000,000 9,085,000,000 9,419,000,000 9,305,000,000 9,344,000,000 9,553,000,000 9,731,000,000 9,786,000,000 9,701,000,000 9,703,000,000 9,743,000,000 9,794,000,000 10,266,000,000 10,434,000,000 10,587,000,000 10,853,000,000 11,059,000,000 11,277,000,000 11,290,000,000 11,620,000,000 9,431,000,000 9,394,000,000 9,363,000,000 9,355,000,000 9,451,000,000 9,336,000,000 9,714,000,000 9,803,000,000 9,817,000,000 9,840,000,000 9,834,000,000 
      liabilities and equity
    		                                    
      liabilities
    		                                    
      debt
    		3,839,000,000 3,840,000,000 3,841,000,000 3,841,000,000 3,855,000,000 3,856,000,000 3,764,000,000 3,765,000,000 4,490,000,000 4,490,000,000 4,566,000,000 4,617,000,000 4,670,000,000 4,671,000,000 4,671,000,000 4,672,000,000 4,670,000,000 5,100,000,000 5,121,000,000 5,121,000,000 5,121,000,000 5,118,000,000 4,870,000,000 3,871,000,000 4,100,000,000 2,949,000,000 2,949,000,000 2,948,000,000 2,948,000,000 2,947,000,000 2,946,000,000 2,961,000,000 3,015,000,000 3,014,000,000 3,012,000,000 3,012,000,000 
      debt associated with hotels in receivership
    		725,000,000 725,000,000 725,000,000 725,000,000 725,000,000 725,000,000 725,000,000 725,000,000                             
      accrued interest associated with hotels in receivership
    		143,000,000 127,000,000 111,000,000 95,000,000 79,000,000 64,000,000 49,000,000 35,000,000                             
      accounts payable and accrued expenses
    		237,000,000 237,000,000 212,000,000 226,000,000 240,000,000 230,000,000 223,000,000 210,000,000 293,000,000 279,000,000 244,000,000 220,000,000 254,000,000 211,000,000 200,000,000 156,000,000 204,000,000 178,000,000 196,000,000 147,000,000 168,000,000 129,000,000 188,000,000 217,000,000 237,000,000 208,000,000 162,000,000 183,000,000 198,000,000 181,000,000 172,000,000 215,000,000 178,000,000 178,000,000 174,000,000 167,000,000 
      dividends payable
    		56,000,000 55,000,000 54,000,000 138,000,000 57,000,000 58,000,000 57,000,000 362,000,000                             
      due to hotel managers
    		107,000,000 114,000,000 110,000,000 138,000,000 111,000,000 111,000,000 101,000,000 131,000,000 136,000,000 131,000,000 117,000,000 141,000,000 123,000,000 124,000,000 113,000,000 111,000,000 96,000,000 90,000,000 80,000,000 88,000,000 102,000,000 74,000,000 103,000,000 159,000,000 128,000,000            
      other liabilities
    		182,000,000 165,000,000 190,000,000 179,000,000 187,000,000 171,000,000 206,000,000 200,000,000 221,000,000 203,000,000 207,000,000 228,000,000 177,000,000 167,000,000 184,000,000 165,000,000 115,000,000 107,000,000 134,000,000 134,000,000 124,000,000 123,000,000 241,000,000 282,000,000 241,000,000 204,000,000 213,000,000 332,000,000 198,000,000 285,000,000 211,000,000 232,000,000 210,000,000 194,000,000 202,000,000 94,000,000 
      operating lease liabilities
    		215,000,000 219,000,000 222,000,000 225,000,000 212,000,000 215,000,000 218,000,000 223,000,000 225,000,000 228,000,000 231,000,000 234,000,000 243,000,000 247,000,000 250,000,000 227,000,000 232,000,000 236,000,000 240,000,000 244,000,000 249,000,000 253,000,000 257,000,000 260,000,000 284,000,000 200,000,000           
      total liabilities
    		5,504,000,000 5,482,000,000 5,465,000,000 5,567,000,000 5,466,000,000 5,430,000,000 5,343,000,000 5,651,000,000 5,365,000,000 5,331,000,000 5,365,000,000 5,440,000,000 5,467,000,000 5,420,000,000 5,418,000,000 5,340,000,000 5,326,000,000 5,721,000,000 5,781,000,000 5,744,000,000 5,798,000,000 5,733,000,000 5,694,000,000 4,839,000,000 5,167,000,000 3,855,000,000 3,814,000,000 3,777,000,000 3,627,000,000 3,694,000,000 3,621,000,000 3,752,000,000 3,780,000,000 3,816,000,000 3,869,000,000 6,011,000,000 
      commitments and contingencies – refer to note 12
    		                                    
      stockholders’ equity
    		                                    
      common stock
    		2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000  
      additional paid-in capital
    		4,027,000,000 4,022,000,000 4,017,000,000 4,063,000,000 4,103,000,000 4,133,000,000 4,154,000,000 4,156,000,000 4,151,000,000 4,221,000,000 4,216,000,000 4,321,000,000 4,325,000,000 4,321,000,000 4,473,000,000 4,533,000,000 4,529,000,000 4,525,000,000 4,520,000,000 4,519,000,000 4,512,000,000 4,508,000,000 4,504,000,000 4,575,000,000 4,572,000,000 3,591,000,000 3,588,000,000 3,589,000,000 3,585,000,000 3,581,000,000 3,578,000,000 3,825,000,000 3,827,000,000 3,823,000,000 3,820,000,000  
      accumulated deficit
    		-647,000,000 -580,000,000 -525,000,000 -420,000,000 -353,000,000 -355,000,000 -367,000,000        -142,000,000                      
      total stockholders’ equity
    		3,382,000,000 3,444,000,000 3,494,000,000                                  
      noncontrolling interests
    		-56,000,000 -56,000,000 -58,000,000 -51,000,000 -45,000,000 -44,000,000 -47,000,000 -46,000,000 -44,000,000 -45,000,000 -49,000,000 -48,000,000 -46,000,000 -48,000,000 -48,000,000 -49,000,000 -47,000,000 -49,000,000 -51,000,000 -50,000,000 -49,000,000 -49,000,000 -47,000,000 -45,000,000 -44,000,000 -46,000,000 -48,000,000 -46,000,000 -46,000,000 -49,000,000 -50,000,000 -49,000,000 -47,000,000 -48,000,000 -49,000,000 -49,000,000 
      total equity
    		3,326,000,000 3,388,000,000 3,436,000,000 3,594,000,000 3,707,000,000 3,736,000,000 3,742,000,000 3,768,000,000 3,940,000,000 4,013,000,000 4,188,000,000 4,291,000,000 4,319,000,000 4,281,000,000 4,285,000,000 4,403,000,000 4,468,000,000 4,545,000,000 4,653,000,000 4,843,000,000 5,055,000,000 5,326,000,000 5,583,000,000 6,451,000,000 6,453,000,000 5,576,000,000 5,580,000,000 5,586,000,000 5,728,000,000 5,757,000,000 5,715,000,000 5,962,000,000 6,023,000,000 6,001,000,000 5,971,000,000 3,823,000,000 
      total liabilities and equity
    		8,830,000,000 8,870,000,000 8,901,000,000 9,161,000,000 9,173,000,000 9,166,000,000 9,085,000,000 9,419,000,000 9,305,000,000 9,344,000,000 9,553,000,000 9,731,000,000 9,786,000,000 9,701,000,000 9,703,000,000 9,743,000,000 9,794,000,000 10,266,000,000 10,434,000,000 10,587,000,000 10,853,000,000 11,059,000,000 11,277,000,000 11,290,000,000 11,620,000,000 9,431,000,000 9,394,000,000 9,363,000,000 9,355,000,000 9,451,000,000 9,336,000,000 9,714,000,000 9,803,000,000 9,817,000,000 9,840,000,000 9,834,000,000 
      commitments and contingencies – refer to note 10
    		                                    
      commitments and contingencies – refer to note 15
    		                                    
      stockholders' equity
    		                                    
      total stockholders' equity
    		   3,645,000,000 3,752,000,000 3,780,000,000 3,789,000,000 3,814,000,000 3,984,000,000 4,058,000,000 4,237,000,000 4,339,000,000 4,365,000,000 4,329,000,000 4,333,000,000 4,452,000,000 4,515,000,000 4,594,000,000 4,704,000,000 4,893,000,000 5,104,000,000 5,375,000,000 5,630,000,000 6,496,000,000 6,497,000,000 5,622,000,000 5,628,000,000 5,632,000,000 5,774,000,000 5,806,000,000 5,765,000,000 6,011,000,000 6,070,000,000 6,049,000,000 6,020,000,000  
      commitments and contingencies – refer to note 11
    		                                    
      (accumulated deficit) retained earnings
    		       -344,000,000 -169,000,000 -165,000,000      -83,000,000 -16,000,000                    
      retained earnings
    		          19,000,000 16,000,000 38,000,000 6,000,000    70,000,000 185,000,000 376,000,000 595,000,000 871,000,000 1,129,000,000 1,922,000,000 1,931,000,000 2,034,000,000 2,044,000,000 2,047,000,000 2,196,000,000 2,231,000,000 2,193,000,000 2,229,000,000 2,286,000,000 2,277,000,000 2,258,000,000  
      investments in affiliates
    		           1,000,000 4,000,000 4,000,000 16,000,000 15,000,000 14,000,000 13,000,000 14,000,000 14,000,000 17,000,000 23,000,000 30,000,000 35,000,000 52,000,000 52,000,000 49,000,000 50,000,000 53,000,000 56,000,000 87,000,000 84,000,000 85,000,000 87,000,000 82,000,000 81,000,000 
      commitments and contingencies - refer to note 11
    		                                    
      assets held for sale
    		             7,000,000    77,000,000      71,000,000        37,000,000     
      commitments and contingencies - refer to note 10
    		                                    
      deferred income tax liabilities
    		               9,000,000 9,000,000 10,000,000 10,000,000 10,000,000 34,000,000 36,000,000 35,000,000 50,000,000 42,000,000 42,000,000 41,000,000 42,000,000 32,000,000 36,000,000 46,000,000 65,000,000 74,000,000 123,000,000 146,000,000 2,437,000,000 
      commitments and contingencies - refer to note 15
    		                                    
      accumulated other comprehensive loss
    		                 -3,000,000 -3,000,000 -4,000,000 -5,000,000 -6,000,000 -5,000,000 -3,000,000 -8,000,000 -5,000,000 -6,000,000 -6,000,000 -9,000,000 -8,000,000 -8,000,000 -45,000,000 -45,000,000 -53,000,000 -60,000,000 -67,000,000 
      commitments and contingencies - refer to note 13
    		                                    
      goodwill
    		                       607,000,000 607,000,000 607,000,000 607,000,000 607,000,000 607,000,000 607,000,000 607,000,000 606,000,000 606,000,000 605,000,000 604,000,000 604,000,000 
      due to hilton grand vacations
    		                        135,000,000 135,000,000 135,000,000 135,000,000 135,000,000 138,000,000 138,000,000 138,000,000 206,000,000 210,000,000 210,000,000  
      commitments and contingencies - refer to note 16
    		                                    
      due to hotel manager
    		                         117,000,000 110,000,000 137,000,000 116,000,000 107,000,000 108,000,000 141,000,000 97,000,000 97,000,000 125,000,000 91,000,000 
      operating lease right-of-use asset
    		                          212,000,000          
      operating lease liability
    		                          204,000,000          
      commitments and contingencies - refer to note 12
    		                                    
      commitments and contingencies - refer to note 17
    		                                    
      net parent investment
    		                                   3,939,000,000 
      due to hilton affiliates
    		                                   210,000,000 
      equity
    		                                    
      total parent equity
    		                                   3,872,000,000 
      revenues
    		                                    
      rooms
    		                                   1,795,000,000 
      food and beverage
    		                                   719,000,000 
      other
    		                                   213,000,000 
      total revenues
    		                                   2,727,000,000 
      operating expenses
    		                                    
      other departmental and support
    		                                   668,000,000 
      other property-level
    		                                   181,000,000 
      management fees
    		                                   91,000,000 
      impairment loss
    		                                   15,000,000 
      depreciation and amortization
    		                                   300,000,000 
      corporate and other
    		                                   85,000,000 
      total expenses
    		                                   2,309,000,000 
      gain on sale of assets
    		                                   1,000,000 
      operating income
    		                                   419,000,000 
      interest income
    		                                   2,000,000 
      interest expense
    		                                   -181,000,000 
      equity in earnings from investments in affiliates
    		                                   3,000,000 
      gain on foreign currency transactions
    		                                   3,000,000 
      other gain
    		                                   -25,000,000 
      income before income taxes
    		                                   221,000,000 
      income tax expense
    		                                   -82,000,000 
      net income
    		                                   139,000,000 
      net income attributable to noncontrolling interests
    		                                   -6,000,000 
      net income attributable to parent
    		                                   133,000,000 
      other comprehensive loss, net of tax benefit:
    		                                    
      currency translation adjustment, net of tax of , 13 and 7
    		                                   -7,000,000 
      total other comprehensive loss
    		                                   -7,000,000 
      comprehensive income
    		                                   132,000,000 
      comprehensive income attributable to noncontrolling interests
    		                                   -6,000,000 
      comprehensive income attributable to parent
    		                                   126,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.