Filing Flows › Ashford Hospitality Trust (AHT) › Q2 2026
Ashford Hospitality Trust (AHT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Ashford Hospitality Trust (AHT) reported revenue of $273M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +2% from the quarter before. Operating margin was 71.9%, net earnings $128M (46.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $273M | +2% | -10% |
| Operating profit | $196M | 15× | +298% |
| Net earnings | $128M | — | — |
| Operating cash flow | −$7.4M | -125% | -145% |
What changed
Revenue was $273.2M in Q2 2026, down 10% year over year and up 2% from the previous quarter. Rooms was the largest line at 77% of revenue. Rooms lost $17.6M year over year (down 8%), 61% of the total change.
Operating profit was $196.3M, a 71.9% margin (up 55.5 points year over year). Total costs fell 70% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+56%). Net earnings were $128.0M. The effective tax rate was 1.9%.
Operating cash flow was −$7.4M. Non-cash charges added back $28.6M of depreciation and amortization and $28K of share-based compensation. Working capital and other items used $165.4M. Capital expenditures of $20.7M exceeded it, leaving free cash flow of −$28.1M.
Questions
What was Ashford Hospitality Trust's revenue in the second quarter 2026?
Ashford Hospitality Trust (AHT) reported revenue of $273M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +2% from the quarter before.
Was Ashford Hospitality Trust profitable in the second quarter 2026?
Operating profit was $196M (71.9% of revenue) and net earnings $128M.