Objective This study aimed to determine the association of hyperlipidemia with clinical endpoints among hospitalized patients with COVID-19, especially those with pre-existing cardiovascular diseases (CVDs) and diabetes. Methods This multicenter retrospective cohort study included all patients who were hospitalized due to COVID-19 from 21 hospitals in Hubei Province, China between December 31, 2019 and April 21, 2020. Patients who were aged < 18 or ≥ 85, in pregnancy, with acute lethal organ injury (e.g., acute myocardial infarction, severe acute pancreatitis, or acute stroke), hypothyroidism, malignant diseases, severe malnutrition, and those with normal lipid profile undertaking lipid-lowering medicines (e.g., statin, niacin, fenofibrate, or gemfibrozil, ezetimibe) were excluded. Propensity score-matching (PSM) analyses at 1:1 ratio were performed to minimize baseline differences between patient groups of hyperlipidemia and non-hyperlipidemia. PSM analysis with the same strategies were further conducted for the parameters of hyperlipidemia in patients with increased triglyceride (TG), increased low-density lipoprotein cholesterol (LDL-C), and decreased high-density lipoprotein cholesterol (HDL-C). Mixed-effect Cox model analysis were used to investigate the associations between the 28-days all cause deaths of COVID-19 patients with hyperlipidemia and the abnormalities of lipid parameters. The results were verified in male, female patients, and in patients with pre-existing CVDs and type 2 diabetes. Results Of 10,945 inpatients confirmed as COVID-19, there were 9822 inpatients included in the study, comprising 3,513 (35.8%) cases without hyperlipidemia and 6,309 (64.2%) cases with hyperlipidemia. Based on a mixed-effect Cox model after PSM at 1:1 ratio, hyperlipidemia was not associated with increased or decreased 28-day all-cause death (adjusted HR, 1.17 [95% CI, 0.95-1.44], P =0.151). We found that the parameters of hyperlipidemia were not associated