Filing Flows › Host Hotels & Resorts (HST) › Q1 2026
Host Hotels & Resorts (HST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Host Hotels & Resorts (HST) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was 19.4%, net earnings $494M (30.0% of revenue).
Host Hotels & Resorts, Q1 2026: revenue $1.6B (+3% year over year), operating margin 19.4%, net earnings $494M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +3% | +3% |
| Operating profit | $319M | +66% | +12% |
| Net earnings | $494M | +266% | +99% |
| Operating cash flow | $342M | -37% | +12% |
| Free cash flow | $291M | -35% | +12% |
What changed
Revenue was $1.6B in Q1 2026, up 3% year over year and up 3% from the previous quarter. Rooms was the largest line at 57% of revenue. Food and beverage added $0.01B year over year (up 3%), 27% of the total change.
Operating profit was $0.32B, a 19.4% margin (up 1.5 points year over year). Of the extra revenue versus Q1 2025, 67% reached operating profit, above the 18% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $0.49B, up 99% year over year. The effective tax rate was 3.3%. Non-operating items added $0.20B, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.34B (up 12% year over year), 68% 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 used $0.35B. Capital expenditures of $0.05B left free cash flow of $0.29B.
Questions
What was Host Hotels & Resorts' revenue in the first quarter 2026?
Host Hotels & Resorts (HST) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before.
Was Host Hotels & Resorts profitable in the first quarter 2026?
Operating profit was $319M (19.4% of revenue) and net earnings $494M.