Hilltop Holdings Inc. (HTH) Income Statement
HTH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHTH revenue and net income
Where HTH's revenue goes
2025Each bar shows an amount and its share of revenue. HTH kept 10.2% of revenue as net income.
HTH profit margins
HTH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.5% | +6.3% | −5.5% | +0.5% |
| Gross profit | +13.6% | +1.7% | −8.1% | −1.4% |
| Operating income | +43.3% | +12.3% | −17.1% | −2.5% |
| Net income | +46.3% | +13.5% | −18.0% | −2.4% |
| EPS (diluted) | +17.8% | +8.2% | −15.0% | −0.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HTH quarterly EPS vs estimates
Hilltop beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.63).
HTH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.63B | $1.54B | $1.50B | $1.35B | $1.85B | $2.16B | $1.61B | $1.39B | $1.63B | $1.65B |
| Cost of revenue | $350.7M | $419.5M | $389.9M | $140.4M | $48.8M | $218.8M | $178.9M | $146.4M | $99.7M | $99.0M |
| Gross profit | $1.27B | $1.12B | $1.11B | $1.21B | $1.80B | $1.94B | $1.43B | $1.25B | $1.53B | $1.55B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $812.2M | $687.1M | $689.6M | $786.2M | $1.02B | $1.07B | $938.1M | $863.9M | $1.03B | $1.04B |
| Total operating expenses | $1.05B | $967.4M | $964.6M | $1.06B | $1.30B | $1.38B | $1.15B | $1.09B | $1.28B | $1.32B |
| Operating income | $221.1M | $154.3M | $149.1M | $156.1M | $504.1M | $564.4M | $282.7M | $155.0M | $243.3M | $231.4M |
| Interest income | $784.0M | $836.4M | $801.6M | $591.1M | $530.0M | $546.5M | $614.8M | $579.4M | $507.2M | $456.0M |
| Interest expense | $343.3M | $418.6M | $371.5M | $132.1M | $107.0M | $122.3M | $171.7M | $141.3M | $85.4M | $58.4M |
| Income before taxes | $221.1M | $154.3M | $149.1M | $156.1M | $504.1M | $564.4M | $282.7M | $155.0M | $243.3M | $231.4M |
| Income taxes | $49.0M | $31.0M | $31.1M | $36.8M | $118.0M | $133.1M | $63.7M | $34.2M | $110.1M | $83.5M |
| Net income | $165.6M | $113.2M | $109.6M | $113.1M | $374.5M | $447.8M | $225.3M | $121.4M | $132.5M | $145.9M |
| EBITDA | $236.8M | $174.2M | $168.7M | $188.8M | $528.7M | $586.3M | $281.2M | $149.7M | $229.4M | $181.6M |
| EPS (diluted) | $2.05 | $1.74 | $1.69 | $1.62 | $4.60 | $4.62 | $2.43 | $1.28 | $1.48 | $1.57 |
| Gross margin | 78.4% | 72.8% | 74.1% | 89.6% | 97.4% | 89.9% | 88.9% | 89.5% | 93.9% | 94.0% |
| Operating margin | 13.6% | 10.0% | 9.9% | 11.5% | 27.2% | 26.1% | 17.5% | 11.1% | 15.0% | 14.0% |
| Net margin | 10.2% | 7.3% | 7.3% | 8.4% | 20.2% | 20.7% | 14.0% | 8.7% | 8.1% | 8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $389.0M | $372.7M | $411.2M | $418.1M | $389.8M | $406.1M | $338.0M | $411.5M | $400.4M | $391.2M | $332.0M | $413.6M |
| Cost of revenue | $72.2M | $74.0M | $89.1M | $85.4M | $79.2M | $97.0M | $97.3M | $104.7M | $114.4M | $103.1M | $106.8M | $101.1M |
| Gross profit | $316.8M | $298.7M | $322.1M | $332.7M | $310.6M | $309.1M | $240.7M | $306.8M | $286.0M | $288.1M | $225.2M | $312.5M |
| Sales, general & admin | $44.2M | $36.9M | $208.8M | $190.0M | $176.4M | $176.2M | $173.3M | $178.0M | $170.0M | $165.8M | $171.7M | $173.2M |
| Total operating expenses | $266.7M | $248.3M | $268.9M | $271.9M | $261.2M | $251.5M | $196.6M | $264.3M | $256.5M | $250.0M | $187.1M | $260.0M |
| Operating income | $50.0M | $50.4M | $53.1M | $60.8M | $49.5M | $57.6M | $44.2M | $42.4M | $29.6M | $38.1M | $38.1M | $52.5M |
| Interest income | $189.0M | $184.3M | $193.8M | $200.3M | $197.2M | $192.8M | $208.6M | $211.0M | $207.1M | $209.6M | $216.8M | $216.8M |
| Interest expense | $73.2M | $72.2M | $81.3M | $87.9M | $86.5M | $87.7M | $103.1M | $106.0M | $103.5M | $106.0M | $105.5M | $101.1M |
| Income before taxes | $50.0M | $50.4M | $53.1M | $60.8M | $49.5M | $57.6M | $44.2M | $42.4M | $29.6M | $38.1M | $38.1M | $52.5M |
| Income taxes | $12.1M | $11.4M | $10.2M | $14.1M | $11.6M | $13.1M | $6.3M | $9.5M | $6.7M | $8.6M | $7.1M | $13.2M |
| Net income | $36.5M | $37.8M | $41.6M | $45.8M | $36.1M | $42.1M | $35.5M | $29.7M | $20.3M | $27.7M | $28.7M | $37.0M |
| EBITDA | $52.0M | $52.2M | $56.1M | $64.5M | $53.9M | $62.3M | $49.0M | $48.2M | $33.9M | $43.1M | $42.5M | $57.6M |
| EPS (diluted) | $0.63 | $0.64 | $0.69 | $0.74 | $0.41 | $0.21 | $0.55 | $0.46 | $0.31 | $0.42 | $0.44 | $0.57 |
| Gross margin | 81.4% | 80.2% | 78.3% | 79.6% | 79.7% | 76.1% | 71.2% | 74.5% | 71.4% | 73.6% | 67.8% | 75.6% |
| Operating margin | 12.9% | 13.5% | 12.9% | 14.5% | 12.7% | 14.2% | 13.1% | 10.3% | 7.4% | 9.7% | 11.5% | 12.7% |
| Net margin | 9.4% | 10.2% | 10.1% | 11.0% | 9.3% | 10.4% | 10.5% | 7.2% | 5.1% | 7.1% | 8.6% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HTH's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HTH financial results
In fiscal year 2025 (ended December 31, 2025), Hilltop reported revenue of $1.6 billion, up 5.5% from the year before. It had net income of $165.6 million (up 46.3%), a net profit margin of 10.2%. Diluted earnings per share came to $2.05. Over five years revenue grew at an average rate of −5.5% a year.
See the HTH stock overview for the latest quote and news, or the HTH chart for price history and technical indicators.
HTH income statement FAQ
What is Hilltop's annual revenue?
Hilltop reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.5% from $1.5 billion the previous year.
Is Hilltop profitable?
Yes. Hilltop reported net income of $165.6 million in fiscal 2025, a net profit margin of 10.2%; its operating margin was 13.6%.
What is Hilltop's gross margin?
Hilltop's gross margin was 78.4% in fiscal 2025: for every $100 of revenue, Hilltop kept $78 after the direct cost of its products and services.
How fast is Hilltop growing?
Revenue grew −5.5% a year on average over the last five fiscal years, from $2.2 billion to $1.6 billion.
What are Hilltop's earnings per share?
Hilltop earned $2.05 per diluted share in fiscal 2025, compared with $1.74 a year earlier.
When will Hilltop report its next earnings?
Hilltop is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Hilltop's fiscal year end?
Hilltop's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.