Hilton Worldwide Holdings Inc. (HLT) has increased its share repurchase authorization by $3.5 billion, raising the total available for future buy‑backs to $4.6 billion. The move expands the company’s ability to return capital to shareholders and supports the share price through additional repurchase activity.
Prior to the increase, Hilton’s authorized repurchase amount stood at $1.1 billion. The company has already repurchased $2.893 billion of shares in 2024 and $2.338 billion in 2023, underscoring a consistent commitment to shareholder returns. The new authorization therefore represents a substantial expansion of the program’s capacity.
Hilton’s board cited strong free‑cash‑flow generation and a view that the stock is undervalued as the primary drivers behind the decision. By increasing the authorization, management signals confidence in the company’s financial health and a willingness to use excess cash to enhance shareholder value.
The repurchase program will be executed through a combination of open‑market purchases and privately negotiated transactions, in full compliance with SEC regulations. No immediate repurchases are scheduled, but the expanded authorization provides flexibility for future buy‑back activity as cash flows permit.
The announcement comes ahead of Hilton’s upcoming Q4 2025 earnings release on February 11, 2026. While the company has not yet revised its guidance, the expanded authorization may influence future earnings per share and could be reflected in the next earnings report.
In addition to the share repurchase expansion, Hilton’s subsidiary, Hilton Domestic Operating Company Inc., plans to issue $1 billion of senior notes due in 2034, and the company will launch a new “Apartment Collection by Hilton” lodging category in the first half of 2026.
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