Filing Flows › Howard Hughes Holdings (HHH) › Q2 2026
Howard Hughes Holdings (HHH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Howard Hughes Holdings (HHH) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +330% from a year earlier and +376% from the quarter before. Operating margin was 21.3%, net earnings $158M (14.1% of revenue).
Howard Hughes Holdings, Q2 2026: revenue $1.1B (+330% year over year), operating margin 21.3%, net earnings $158M, operating cash flow $507M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +376% | +330% |
| Operating profit | $240M | +373% | +253% |
| Net earnings | $158M | 19× | — |
| Operating cash flow | $507M | — | +186% |
| Free cash flow | $481M | — | +260% |
What changed
Revenue was $1.1B in Q2 2026, up 330% year over year and up 376% from the previous quarter.
Operating profit was $0.24B, a 21.3% margin (down 4.7 points year over year). Of the extra revenue versus Q2 2025, 20% reached operating profit, below the 26% margin then. Total costs grew 357% against revenue growth of 330%. The fastest-growing cost line was Other operating costs (+434%). Net earnings were $0.16B ($0.16B including minority interests, which bore $1.4M of losses). The effective tax rate was 24.1%.
Operating cash flow was $0.51B (up 186% year over year), 323% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $0.29B. Capital expenditures of $0.03B left free cash flow of $0.48B.
Questions
What was Howard Hughes Holdings' revenue in the second quarter 2026?
Howard Hughes Holdings (HHH) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +330% from a year earlier and +376% from the quarter before.
Was Howard Hughes Holdings profitable in the second quarter 2026?
Operating profit was $240M (21.3% of revenue) and net earnings $158M.