Hyatt Hotels Corporation (H) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Hyatt Hotels published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Hyatt Hotels reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Hyatt's total revenues include revenues for reimbursed costs ($995 million in Q3 2026), which are costs at managed and franchised hotels that hotel owners repay to Hyatt and that are booked with matching expenses.
• Owned and leased revenues fell mainly because Hyatt sold the Playa Hotels Portfolio and three Alua properties in the fourth quarter of 2025.
• In 2026 Hyatt changed its Adjusted EBITDA definition to drop its pro rata share of unconsolidated owned and leased hospitality ventures, and recast 2025. Q3 2025 Adjusted EBITDA is $278 million on the new basis, against $291 million as first reported.

Source: Hyatt Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Hyatt Hotels splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Hyatt Hotels's Gross fees revenue was $327 million in Q3 2026, up 16% from $283 million in Q3 2025, 19% of total revenue.
• Hyatt Hotels's Owned and leased revenue was $271 million in Q3 2026, down 37% from $429 million in Q3 2025, 16% of total revenue.
• Hyatt Hotels's Distribution revenue was $168 million in Q3 2026, down 12% from $192 million in Q3 2025, 10% of total revenue.
• Hyatt Hotels's Revenues for reimbursed costs revenue was $995 million in Q3 2026, up 10% from $903 million in Q3 2025, 57% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Hyatt Hotels said:

“Comparable system-wide hotels RevPAR growth is projected to be between 5.0% and 5.5%, compared to the full year 2025”

“Net income attributable to Hyatt Hotels Corporation is projected to be between $240 million and $310 million”

“Adjusted EBITDA is projected to be between $1,170 million and $1,200 million, an increase of 14% to 17%, compared to the full year 2025, after adjusting for the period of ownership of hotels acquired as part of the Playa Hotels Acquisition and assets sold in 2025”

“Capital returns to shareholders have been increased and are projected to be between $375 million and $425 million through dividends and share repurchases”

Source: Hyatt Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the H forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Hyatt Hotels's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Hyatt Hotels reported total revenues of $1,743 million in Q3 2026, against $1,786 million a year earlier. The largest line, $995 million, was revenues for reimbursed costs, which owners of Hyatt-managed and franchised hotels repay and which carry matching expenses. Gross fees were $327 million and net fees, after $18 million of contra revenue, $309 million. (Hyatt Q3 2026 release, Oct 29, 2026)

Hyatt's gross fees rose 15.2%. Base management fees rose 10.0% to $117 million on managed hotel RevPAR growth, U.S. strength, management agreements from the Playa Hotels Acquisition and new openings. Incentive management fees rose 21.9% to $65 million and franchise and other fees 16.8% to $145 million. (Hyatt Q3 2026 release, Oct 29, 2026)

Owned and leased revenues fell 36.8% to $271 million from $429 million. Comparable owned and leased revenues rose 7.7% to $252 million, while non-comparable revenues dropped to $19 million from $195 million after Hyatt sold the Playa Hotels Portfolio and three Alua properties in the fourth quarter of 2025. (Hyatt Form 10-Q, Q3 2026, Oct 29, 2026)

Hyatt's distribution revenues, which include commissions from properties on the Mr & Mrs Smith platform, fell $24 million to $168 million because of lower booking volumes, partly from reduced travel demand to certain destinations in Mexico and Jamaica. The release also cites hotel closures in Jamaica from Hurricane Melissa. (Hyatt Form 10-Q, Q3 2026, Oct 29, 2026; Hyatt Q3 2026 release, Oct 29, 2026)

Comparable system-wide hotels RevPAR rose 7.2% to $154.80, with occupancy of 73.6% and an average daily rate of $210.36. U.S. RevPAR grew 8.2%, which Hyatt said benefited in part from the FIFA World Cup and the timing of the Jewish holidays, while Greater China grew 2.1% and Middle East & Africa fell 0.7%. (Hyatt Q3 2026 release, Oct 29, 2026)

Hyatt Hotels earned GAAP diluted EPS of $0.60 in Q3 2026 and Adjusted Diluted EPS of $1.27. The $0.67 a share gap is special items: $64 million of asset impairments, $16 million of contingent consideration fair value adjustments, $8 million of transaction and integration costs and others, totaling $91 million before tax and $64 million after tax. (Hyatt Q3 2026 release, Oct 29, 2026)

The $64 million of impairments included $40 million on management, hotel services and franchise agreement intangibles and $20 million on brand and other indefinite-lived intangibles. Provision for income taxes fell to $18 million from $33 million, mainly from a non-cash benefit on releasing a valuation allowance on certain foreign deferred tax assets. (Hyatt Form 10-Q, Q3 2026, Oct 29, 2026; Hyatt Q3 2026 release, Oct 29, 2026)

Hyatt repurchased 867,109 Class A shares for $147 million in Q3 2026 and 1,769,963 shares for $294 million over nine months, with $1,384 million left on its authorization. Diluted weighted-average shares were 96.3 million, against 95.5 million in a loss quarter a year earlier. (Hyatt Q3 2026 release, Oct 29, 2026; Hyatt Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Hyatt Hotels gives a full-year outlook in its release. For 2026 it projects comparable system-wide hotels RevPAR growth of 5.0% to 5.5%, net rooms growth of about 6%, net income attributable to Hyatt of $240 million to $310 million, Adjusted EBITDA of $1,170 million to $1,200 million and gross fees of $1,320 million to $1,335 million. (Hyatt Q3 2026 release, Oct 29, 2026)

Hyatt raised its planned capital returns to $375 million to $425 million and expects U.S. RevPAR to grow 5% to 6% for the year. It expects Distribution segment Adjusted EBITDA to fall about $30 million from 2025, $5 million more than its prior outlook, because of lower demand in Mexico. (Hyatt Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Hyatt Hotels, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Hyatt Hotels's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning H is on is H a buy or a sell?, what analysts expect next is on the H forecast, and what the company does is on the Hyatt Hotels Corporation (H) stock page.

Every number on this page can be traced to a document Hyatt Hotels published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.