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Hilton (HLT) Cash Flow Waterfall

Trace Hilton's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$2.29B

Capex

−$113.00M

Free Cash Flow

$2.18B

FCF Margin

+95.1%

Cash flow waterfall for Hilton (HLT) — TTM through Q1 2026

Free cash flow: $2.18B

Cash flow breakdown for Hilton (HLT) — TTM through Q1 2026

  • Operating Cash Flow$2.29B
  • Capital Expenditure−$113.00M
  • Free Cash Flow$2.18B
  • Other Investing−$66.00M
  • Share Buybacks−$3.13B
  • Dividends Paid−$141.00M
  • Net Debt Change$946.00M
  • Other Financing & FX$19.00M
  • Net Cash Decrease−$188.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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