Filing Flows › Consumer Discretionary › Park Hotels & Resorts (PK)
Park Hotels & Resorts (PK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Park Hotels & Resorts (PK) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $602M · 2¢ of every $1 of revenue lost · operating margin 6.3%
Park Hotels & Resorts made $602M in Q3 2026 (-1% Y/Y): Rooms $367M, Food and beverage $146M, Ancillary hotel $64.0M. Operating margin 6.3%, net loss $15.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $602.0M in Q3 2026, down 1% year over year and down 11% from the previous quarter. Rooms was the largest line at 61% of revenue. Food and beverage lost $4.0M year over year (down 3%), 50% of the total change.
Operating profit was $38.0M, a 6.3% margin (down 3.4 points year over year). Total costs grew 2% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+29%). The quarter ended with a net loss of $15.0M, after a profit of $50.0M the previous quarter. Net interest and other expense of $54.0M was the main reason.
Operating cash flow was $115.0M (up 16% year over year). Non-cash charges added back $74.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $51.0M. Capital expenditures of $57.0M left free cash flow of $58.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $602M | -1% | 6.3% | −$15.0M | $115M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $680M | +1% | 14.0% | $47.0M | $141M |
| Q1 2026 | 10-Q | May 1, 2026 | $622M | -1% | 10.0% | $11.0M | $59.0M |
| Q4 2025 | 10-K | Feb 20, 2026 | $629M | +0.6% | -26.1% | −$204M | $105M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $610M | -6% | 9.7% | −$14.0M | $99.0M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $672M | -2% | 9.7% | −$2.0M | $108M |
| Q1 2025 | 10-Q | May 5, 2025 | $630M | -1% | 1.1% | −$57.0M | $86.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Park Hotels & Resorts
We are one of the largest publicly-traded lodging real estate investment trusts (“REIT”) with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. As of February 20, 2026, our portfolio consists of 34 premium-branded hotels and resorts with approximately 23,000 rooms, located in prime United States (“U.S.”) markets with high barriers to entry. Our strategic focus is on our 21 Core hotels, including one unconsolidated joint venture, with our consolidated Core hotels contributing approximately 90% of our Hotel Adjusted EBITDA. All of our rooms are located in the U.S. and its territories, and over 96% of rooms in our Core portfolio are luxury and upper upscale.
In its own words, from its 10-K, filed Feb 20, 2026.
Park Hotels & Resorts against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median -0.9%. Operating margin: 6.3% against the peers' median 10.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PK Park Hotels & Resorts | Q3 2026 | $602M | -1% | 6.3% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
Source: Park Hotels & Resorts 10-Q on SEC EDGAR · CIK 1617406 · Hotels & Motels
Guidance and outlook
13F: who owns PK and who is buying
More on PK
- How Park Hotels & Resorts makes money: revenue by segment
- Park Hotels & Resorts next earnings date and what analysts expect
- Park Hotels & Resorts stock forecast, price target and fair value
- Who owns Park Hotels & Resorts stock: holders, funds and Congress trades
- Park Hotels & Resorts guidance and outlook
- Is Park Hotels & Resorts a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Park Hotels & Resorts guidance history: guided vs reported
- Park Hotels & Resorts free cash flow by quarter
- Park Hotels & Resorts capital expenditures by quarter
- Park Hotels & Resorts Rooms revenue by quarter
- Park Hotels & Resorts Food and beverage revenue by quarter
- Park Hotels & Resorts Ancillary hotel revenue by quarter