Filing Flows › Pebblebrook Hotel Trust (PEB) › Q2 2026 › vs Q2 2025
Pebblebrook Hotel Trust (PEB) Q2 2026 vs Q2 2025 (year over year)
Pebblebrook Hotel Trust's revenue fell $395K (-0.1%) from $408M in Q2 2025 to $407M in Q2 2026. The biggest changes: Food and beverage −$3.4M (-3%); Room +$2.1M (+0.8%); Other operating +$912K (+2%). Operating margin 14.1% against 12.9% (+1.2 pts).
Pebblebrook Hotel Trust, Q2 2026: revenue $407M (-0.1% year over year), operating margin 14.1%, net earnings $23.6M, operating cash flow $86.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.1% | 12.9% | +1.2 pts |
| Net margin | 5.8% | 4.4% | +1.4 pts |
| Free cash flow margin | 18.1% | 15.1% | +3.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Room | $260M | $258M | $2.1M | +0.8% |
| Food and beverage | $103M | $106M | −$3.4M | -3% |
| Other operating | $44.9M | $43.9M | $912K | +2% |
| Revenue | $407M | $408M | −$395K | -0.1% |
| Operating profit | $57.2M | $52.4M | $4.9M | +9% |
| Costs & expenses | $350M | $355M | −$5.2M | -1% |
| Pre-tax earnings | $32.6M | $27.1M | $5.5M | +20% |
| Other expense, net | $24.6M | $25.3M | −$679K | -3% |
| Cost of revenue | $253M | $254M | −$1.2M | -0.5% |
| General & admin | $11.9M | $12.5M | −$606K | -5% |
| Other operating costs | $85.5M | $88.9M | −$3.4M | -4% |
| Net earnings | $23.6M | $18.1M | $5.5M | +31% |
| Minority interests | $1.3M | $1.2M | $105K | +9% |
| Income tax | $7.7M | $7.8M | −$96K | -1% |
| Share-based compensation | $2.6M | $3.5M | −$959K | -27% |
| Working capital & other | $60.2M | $69.0M | −$8.8M | -13% |
| Operating cash flow | $86.3M | $90.5M | −$4.2M | -5% |
| Free cash flow (OCF − capex) | $73.8M | $61.7M | $12.1M | +20% |
| Capital expenditures | $12.5M | $28.9M | −$16.4M | -57% |
Questions
How much did Pebblebrook Hotel Trust's revenue grow year over year in Q2 2026?
Pebblebrook Hotel Trust's revenue fell $395K (-0.1%) from $408M in Q2 2025 to $407M in Q2 2026.
What drove Pebblebrook Hotel Trust's revenue change in Q2 2026?
Food and beverage −$3.4M (-3%); Room +$2.1M (+0.8%); Other operating +$912K (+2%).