Filing Flows › Host Hotels & Resorts (HST) › Q2 2026 › vs Q1 2026
Host Hotels & Resorts (HST) Q2 2026 vs Q1 2026 (quarter over quarter)
Host Hotels & Resorts's revenue fell $5.0M (-0.3%) from $1.6B in Q1 2026 to $1.6B in Q2 2026. The biggest changes: Hotel −$32.0M (-2%); Condominium sales +$27.0M (+104%). Operating margin 17.9% against 19.4% (-1.5 pts).
Host Hotels & Resorts, Q2 2026: revenue $1.6B (+3% year over year), operating margin 17.9%, net earnings $237M, operating cash flow $503M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 17.9% | 19.4% | -1.5 pts |
| Net margin | 14.5% | 30.0% | -15.6 pts |
| Free cash flow margin | 27.5% | 17.7% | +9.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rooms | $954M | $943M | $11.0M | +1% |
| Food and beverage | $484M | $517M | −$33.0M | -6% |
| Other | $149M | $159M | −$10.0M | -6% |
| Hotel | $1.6B | $1.6B | −$32.0M | -2% |
| Condominium sales | $53.0M | $26.0M | $27.0M | +104% |
| Revenue | $1.6B | $1.6B | −$5.0M | -0.3% |
| Operating profit | $293M | $319M | −$26.0M | -8% |
| Costs & expenses | $1.3B | $1.3B | $21.0M | +2% |
| Pre-tax earnings | $259M | $518M | −$259M | -50% |
| Other expense, net | $34.0M | −$199M | $233M | — |
| General & admin | $29.0M | $28.0M | $1.0M | +4% |
| Other operating costs | $1.3B | $1.3B | $20.0M | +2% |
| Net earnings | $237M | $494M | −$257M | -52% |
| Minority interests | $4.0M | $7.0M | −$3.0M | -43% |
| Income tax | $18.0M | $17.0M | $1.0M | +6% |
| Depreciation & amortization | $193M | $190M | $3.0M | +2% |
| Share-based compensation | $6.0M | $6.0M | $0 | 0% |
| Working capital & other | $67.0M | −$348M | $415M | — |
| Operating cash flow | $503M | $342M | $161M | +47% |
| Free cash flow (OCF − capex) | $451M | $291M | $160M | +55% |
| Capital expenditures | $52.0M | $51.0M | $1.0M | +2% |
Questions
How much did Host Hotels & Resorts's revenue grow quarter over quarter in Q2 2026?
Host Hotels & Resorts's revenue fell $5.0M (-0.3%) from $1.6B in Q1 2026 to $1.6B in Q2 2026.
What drove Host Hotels & Resorts's revenue change in Q2 2026?
Hotel −$32.0M (-2%); Condominium sales +$27.0M (+104%).