Filing Flows › Park Hotels & Resorts (PK) › Q1 2026
Park Hotels & Resorts (PK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Park Hotels & Resorts (PK) reported revenue of $622M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -1% from the quarter before. Operating margin was 10.0%, net earnings $11.0M (1.8% of revenue).
Park Hotels & Resorts, Q1 2026: revenue $622M (-1% year over year), operating margin 10.0%, net earnings $11.0M, operating cash flow $59.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $622M | -1% | -1% |
| Operating profit | $62.0M | — | +786% |
| Net earnings | $11.0M | — | — |
| Operating cash flow | $59.0M | -44% | -31% |
What changed
Revenue was $622.0M in Q1 2026, down 1% year over year and down 1% from the previous quarter. Rooms was the largest line at 57% of revenue. Rooms lost $7.0M year over year (down 2%), 88% of the total change.
Operating profit was $62.0M, a 10.0% margin (up 8.9 points year over year). Total costs fell 10% while revenue fell 1%. Net earnings were $11.0M. The effective tax rate was 7.7%.
Operating cash flow was $59.0M (down 31% year over year), 492% of net income including minority interests. Non-cash charges added back $64.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $21.0M. Capital expenditures of $83.0M exceeded it, leaving free cash flow of −$24.0M.
Questions
What was Park Hotels & Resorts' revenue in the first quarter 2026?
Park Hotels & Resorts (PK) reported revenue of $622M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -1% from the quarter before.
Was Park Hotels & Resorts profitable in the first quarter 2026?
Operating profit was $62.0M (10.0% of revenue) and net earnings $11.0M.