Filing Flows › Host Hotels & Resorts (HST) › Q4 2025
Host Hotels & Resorts (HST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Host Hotels & Resorts (HST) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +20% from the quarter before. Operating margin was 12.0%, net earnings $135M (8.4% of revenue).
Host Hotels & Resorts, Q4 2025: revenue $1.6B (+12% year over year), operating margin 12.0%, net earnings $135M, operating cash flow $543M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +20% | +12% |
| Operating profit | $192M | +90% | +22% |
| Net earnings | $135M | -16% | +25% |
| Operating cash flow | $543M | +149% | +64% |
| Free cash flow | $445M | +211% | +89% |
What changed
Revenue was $1.6B in Q4 2025, up 12% year over year and up 20% from the previous quarter.
Operating profit was $0.19B, a 12.0% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 11% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.14B, up 25% year over year. The effective tax rate was 4.9%.
Operating cash flow was $0.54B (up 64% year over year), 396% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.10B left free cash flow of $0.45B.
Questions
What was Host Hotels & Resorts' revenue in the fourth quarter 2025?
Host Hotels & Resorts (HST) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +20% from the quarter before.
Was Host Hotels & Resorts profitable in the fourth quarter 2025?
Operating profit was $192M (12.0% of revenue) and net earnings $135M.