Filing Flows › Ashford Hospitality Trust (AHT) › Q2 2026 › vs Q1 2026
Ashford Hospitality Trust (AHT) Q2 2026 vs Q1 2026 (quarter over quarter)
Ashford Hospitality Trust's revenue rose $5.5M (+2%) from $268M in Q1 2026 to $273M in Q2 2026. The biggest changes: Total Hotel +$5.5M (+2%); Other +$19K (+12%). Operating margin 71.9% against 4.9% (+66.9 pts).
Ashford Hospitality Trust, Q2 2026: revenue $273M (-10% year over year), operating margin 71.9%, net earnings $128M, operating cash flow −$7.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 71.9% | 4.9% | +66.9 pts |
| Net margin | 46.8% | -23.8% | +70.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rooms | $210M | $200M | $9.6M | +5% |
| Food and beverage | $47.0M | $51.6M | −$4.6M | -9% |
| Hotel, Other | $16.4M | $16.0M | $459K | +3% |
| Total Hotel | $273M | $268M | $5.5M | +2% |
| Other | $173K | $154K | $19K | +12% |
| Revenue | $273M | $268M | $5.5M | +2% |
| Operating profit | $196M | $13.2M | $183M | 15× |
| Costs & expenses | $76.9M | $254M | −$178M | -70% |
| Pre-tax earnings | $132M | −$64.7M | $197M | — |
| Other expense, net | $64.4M | $78.0M | −$13.6M | -17% |
| General & admin | $1.3M | $1.6M | −$277K | -17% |
| Other operating costs | $75.6M | $71.8M | $3.8M | +5% |
| Net earnings | $128M | −$63.8M | $192M | — |
| Minority interests | $1.4M | −$1.7M | $3.1M | — |
| Income tax | $2.6M | $752K | $1.8M | +239% |
| Operating cash sources | $164M | −$61.3M | $225M | — |
| Depreciation & amortization | $28.6M | $32.0M | −$3.4M | -11% |
| Share-based compensation | $28K | $28K | $0 | 0% |
| Cash used in operations | $7.4M | −$29.5M | $36.9M | — |
| Working capital & other | $164M | −$61.3M | $225M | — |
Questions
How much did Ashford Hospitality Trust's revenue grow quarter over quarter in Q2 2026?
Ashford Hospitality Trust's revenue rose $5.5M (+2%) from $268M in Q1 2026 to $273M in Q2 2026.
What drove Ashford Hospitality Trust's revenue change in Q2 2026?
Total Hotel +$5.5M (+2%); Other +$19K (+12%).