Q3 2026 Revenue up 1% year over year to $1.3B · 5¢ of every $1 of revenue kept as net profit · operating margin 9.0%
Host Hotels & Resorts made $1.3B in Q3 2026 (+1% Y/Y): Hotel $1.3B, Condominium sales $7.0M. Operating margin 9.0%, net earnings $70.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Revenue$1.3B
Year over year+1%
Operating margin9.0%
Net earnings$70.0M
Operating cash flow$345M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
Host Hotels & Resorts Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on XEmbed this chart on your site
Free to use with the credit line. Click a box to select the code.
What changed this quarter
Revenue was $1.3B in Q3 2026, up 1% year over year and down 18% from the previous quarter. Rooms was the largest line at 62% of revenue. Rooms added $0.01B year over year (up 2%), 94% of the total change. Other declined 6%.
Operating profit was $0.12B, a 9.0% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 125% reached operating profit, above the 8% margin then. Total costs fell 0% while revenue rose 1%. The fastest-growing cost line was General & admin (+11%). Net earnings were $0.07B, down 57% year over year. The effective tax rate was 9.0%.
Operating cash flow was $0.34B (up 58% year over year), 486% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.07B left free cash flow of $0.27B.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 6, 2026
$1.3B
+1%
9.0%
$70.0M
$345M
Q2 2026
10-Q
Aug 7, 2026
$1.6B
+3%
17.9%
$237M
$503M
Q1 2026
10-Q
May 8, 2026
$1.6B
+3%
19.4%
$494M
$342M
Q4 2025
10-K
Feb 25, 2026
$1.6B
+12%
12.0%
$135M
$543M
Q3 2025
10-Q
Nov 7, 2025
$1.3B
+0.9%
7.6%
$161M
$218M
Q2 2025
10-Q
Aug 1, 2025
$1.6B
+8%
17.5%
$221M
$444M
Q1 2025
10-Q
May 2, 2025
$1.6B
+8%
17.9%
$248M
$305M
Charts
Latest (Q3 2026): Y/Y +1%, Q/Q -18%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $71.0M, Operating cash flow $345M.+98328275.1% since FY2020: more shares outstanding (issuance, stock pay).Cash $768M, short-term investments —, long-term debt $1.3B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
DIS — 2% of its revenue · Stated in 10-K (sentence) · source
About Host Hotels & Resorts
We are the largest publicly traded lodging REIT, with a geographically diverse portfolio of luxury and upper-upscale hotels. As of February 20, 2026, our consolidated lodging portfolio consists of 76 primarily luxury and upper-upscale hotels containing approximately 41,700 rooms, with substantially all located in the United States (five of the hotels are located outside of the U.S. in Brazil and Canada). In addition, we own non-controlling interests in seven domestic joint ventures that focus on the lodging industry, see " - Other Real Estate Interests" for a further description.
In its own words, from its 10-K, filed Feb 25, 2026.
Host Hotels & Resorts against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +1% against the peers' median +11%. Operating margin: 9.0% against the peers' median 15.9%.
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.25 statements; tone +0.12 (−1 all cautious, +1 all confident); 4 hedged.
13F: who owns HST and who is buying
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).
