HLTHilton Worldwide
Hilton is one of the largest global hospitality companies, with 9,158 properties comprising 1,351,351 rooms in 143 countries and territories as of December 31, 2025. 10-K, Item 1
- Headquarters
- Mclean, VA
- Next results
- around Feb 10, 2027
2 paragraphs in Risk Factors of the 10-K filed Feb 11, 2026 with nothing like them in the 10-K filed Feb 6, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 46 Consumer discretionary companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
The introduction of AI technologies, particularly generative and agentic AI, into new or existing offerings may also result in new or expanded risks and liabilities, including due to enhanced governmental or regulatory scrutiny, litigation, copyright
Read in the 10-K ↗
Governmental regulation may adversely affect our results and the operation of our properties.
Similar paragraph at 10 of 46 other Consumer discretionary companies: ABNB, AMZN, BKNG, DECK, DHI, GPC, LOW, NCLH and 2 moreRead in the 10-K ↗
New in the latest 10-Q
6 paragraphs in the 10-Q filed Oct 27, 2026 with nothing like them in the 10-Q filed Jul 28, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
an increase in RevPAR, as well as revenues from net franchise hotel additions and licensing fees from our strategic partnerships.
Read in the 10-Q ↗
Other information
On September 15, 2026, Laura Fuentes, Executive Vice President and Chief Human Resources Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 5,500 shares of our common stock until May 21, 2027.
Read in the 10-Q ↗
Pursuant to Section 13(r) of the Exchange Act, an issuer is required to disclose in its annual or quarterly reports, as applicable, whether it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to Iran or with individuals or entities designated pursuant to certain Executive Orders. Disclosure may be required even where the activities, transactions or dealings were conducted in compliance with applicable law. Except as set forth below, as of the date of this Quarterly Report on Form 10-Q, the Company is not aware of any other activity, transaction or dealing by it or any of its affiliates during the quarter ended September 30, 2026 that requires disclosure under Section 13(r) of the Exchange Act.
Read in the 10-Q ↗
During the quarter ended September 30, 2026, the entity that is the indirect majority beneficial owner of the Hilton Frankfurt Gravenbruch and the indirect majority beneficial owner of the physical land and building where the Hilton Frankfurt City Centre is located was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”).
Read in the 10-Q ↗
In response, affiliates of the Company promptly wound down all of the Company’s operations with respect to the Hilton Frankfurt Gravenbruch. During the wind-down, affiliates of the Company managed the Hilton Frankfurt Gravenbruch pursuant to a general license issued by OFAC that lasted for a period of 30 days from July 10, 2026 and a specific license issued to the Company extending the wind-down with respect to the Hilton Frankfurt Gravenbruch through August 31, 2026. From the time the indirect majority beneficial owner was sanctioned by OFAC through September 30, 2026, there was no measurable gross revenue or net profit to the Company relating to the management of this hotel.
Read in the 10-Q ↗
In addition, the Company applied for, and OFAC granted, a specific license authorizing the Company an extension of time until October 31, 2026, for the Company to wind down its transactions involving the sanctioned entity that is the indirect majority beneficial landlord for the Hilton Frankfurt City Centre. The Company has terminated its lease for the Hilton Frankfurt City Centre effective October 31, 2026, and is in the process of winding down operations at that location. The Company has blocked the rent and associated payments due to the landlord entity, consistent with the terms of the license. From the time the indirect majority beneficial landlord was sanctioned by OFAC through September 30, 2026, the gross revenue to the Company relating to its operation of the Hilton Frankfurt City Centre was approximately $5 million.
Read in the 10-Q ↗
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 27, 2026 against Item 1A of the 10-K filed Feb 11, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
As of September 30, 2026, there have been no material changes from the risk factors previously disclosed under "Part I - Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Work on HLT in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/HLT/export.csv") into a cell.