Filing Flows › Host Hotels & Resorts (HST) › Q3 2025
Host Hotels & Resorts (HST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Host Hotels & Resorts (HST) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +0.9% from a year earlier and -16% from the quarter before. Operating margin was 7.6%, net earnings $161M (12.1% of revenue).
Host Hotels & Resorts, Q3 2025: revenue $1.3B (+0.9% year over year), operating margin 7.6%, net earnings $161M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -16% | +0.9% |
| Operating profit | $101M | -64% | -25% |
| Net earnings | $161M | -27% | +96% |
| Operating cash flow | $218M | -51% | -38% |
| Free cash flow | $143M | -62% | -45% |
What changed
Revenue was $1.3B in Q3 2025, up 1% year over year and down 16% from the previous quarter. Rooms was the largest line at 62% of revenue. Other added $0.01B year over year (up 9%), 100% of the total change.
Operating profit was $0.10B, a 7.6% margin (down 2.6 points year over year). Operating profit fell $0.03B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. Net earnings were $0.16B, up 96% year over year. The effective tax rate was 5.2%. Non-operating items added $0.07B, 41% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.22B (down 38% year over year), 134% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.07B left free cash flow of $0.14B.
Questions
What was Host Hotels & Resorts' revenue in the third quarter 2025?
Host Hotels & Resorts (HST) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), +0.9% from a year earlier and -16% from the quarter before.
Was Host Hotels & Resorts profitable in the third quarter 2025?
Operating profit was $101M (7.6% of revenue) and net earnings $161M.