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How Ashford Hospitality Trust (AHT) makes money

Ashford Hospitality Trust (AHT) made $273M of revenue in the second quarter 2026 (Q2 2026), -10% from a year earlier. Total Hotel brought in $273M (100%); Other brought in $173K (0%). Of every dollar of revenue, 72¢ was left as operating profit, 47¢ was left as net earnings.

Drawing the Sankey…

Ashford Hospitality Trust revenue by segment, Q2 2026Ashford Hospitality Trust revenue by segment, Q2 2026Total Hotel$273MOther$173K
Ashford Hospitality Trust: revenue by line, Q4 2024 to Q2 2026Ashford Hospitality Trust: revenue by line, Q4 2024 to Q2 2026Total HotelOtherTotal Hotel: $273M latest$273MOther: $173K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
Ashford Hospitality Trust revenue by quarterAshford Hospitality Trust revenue by quarter$275MQ4 2024$277MQ1 2025$302MQ2 2025$266MQ3 2025$259MQ4 2025$268MQ1 2026$273MQ2 2026
Ashford Hospitality Trust: where each dollar of revenue goesAshford Hospitality Trust: where each dollar of revenue goesOperating profit72¢Income tax1¢Net earnings47¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Total Hotel$273M99.9%+2%-9%
  ↳ Rooms$210M76.7%+5%-8%
  ↳ Food and beverage$47.0M17.2%-9%-15%
  ↳ Hotel, Other$16.4M6.0%+3%-13%
Other$173K0.1%+12%-62%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$273M100.0%
Operating profit$196M71.9%
Income tax$2.6M0.9%
Net earnings$128M46.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$273M-10%
Q1 2026$268M-4%
Q4 2025$259M-6%
Q3 2025$266M-4%
Q2 2025$302M-5%
Q1 2025$277M-9%
Q4 2024$275M-14%

From Ashford Hospitality Trust's 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Ashford Hospitality Trust make money?

Ashford Hospitality Trust (AHT) made $273M of revenue in the second quarter 2026 (Q2 2026), -10% from a year earlier. Total Hotel brought in $273M (100%); Other brought in $173K (0%). Of every dollar of revenue, 72¢ was left as operating profit, 47¢ was left as net earnings.

What is Ashford Hospitality Trust's biggest business?

Total Hotel: $273M in the second quarter 2026, 100% of revenue, -9% from a year earlier.

What is Ashford Hospitality Trust's profit margin?

Net earnings were $128M, 46.8% of revenue, in the second quarter 2026; the operating margin was 71.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.