Filing Flows › Host Hotels & Resorts (HST) › Q3 2026 › vs Q2 2026
Host Hotels & Resorts (HST) Q3 2026 vs Q2 2026 (quarter over quarter)
Host Hotels & Resorts's revenue fell $293M (-18%) from $1.6B in Q2 2026 to $1.3B in Q3 2026. The biggest changes: Hotel −$247M (-16%); Condominium sales −$46.0M (-87%). Operating margin 9.0% against 17.9% (-8.9 pts).
Host Hotels & Resorts, Q3 2026: revenue $1.3B (+1% year over year), operating margin 9.0%, net earnings $70.0M, operating cash flow $345M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.0% | 17.9% | -8.9 pts |
| Net margin | 5.2% | 14.5% | -9.3 pts |
| Free cash flow margin | 20.3% | 27.5% | -7.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Rooms | $841M | $954M | −$113M | -12% |
| Food and beverage | $367M | $484M | −$117M | -24% |
| Other | $132M | $149M | −$17.0M | -11% |
| Hotel | $1.3B | $1.6B | −$247M | -16% |
| Condominium sales | $7.0M | $53.0M | −$46.0M | -87% |
| Revenue | $1.3B | $1.6B | −$293M | -18% |
| Operating profit | $121M | $293M | −$172M | -59% |
| Costs & expenses | $1.2B | $1.3B | −$121M | -9% |
| Pre-tax earnings | $78.0M | $259M | −$181M | -70% |
| Other expense, net | $43.0M | $34.0M | $9.0M | +26% |
| General & admin | $30.0M | $29.0M | $1.0M | +3% |
| Other operating costs | $1.2B | $1.3B | −$122M | -9% |
| Net earnings | $70.0M | $237M | −$167M | -70% |
| Minority interests | $1.0M | $4.0M | −$3.0M | -75% |
| Income tax | $7.0M | $18.0M | −$11.0M | -61% |
| Depreciation & amortization | $187M | $193M | −$6.0M | -3% |
| Share-based compensation | $7.0M | $6.0M | $1.0M | +17% |
| Working capital & other | $81.0M | $67.0M | $14.0M | +21% |
| Operating cash flow | $345M | $503M | −$158M | -31% |
| Free cash flow (OCF − capex) | $274M | $451M | −$177M | -39% |
| Capital expenditures | $71.0M | $52.0M | $19.0M | +37% |
Questions
How much did Host Hotels & Resorts's revenue grow quarter over quarter in Q3 2026?
Host Hotels & Resorts's revenue fell $293M (-18%) from $1.6B in Q2 2026 to $1.3B in Q3 2026.
What drove Host Hotels & Resorts's revenue change in Q3 2026?
Hotel −$247M (-16%); Condominium sales −$46.0M (-87%).