Filing Flows › Park Hotels & Resorts (PK) › Q3 2026 › vs Q3 2025
Park Hotels & Resorts (PK) Q3 2026 vs Q3 2025 (year over year)
Park Hotels & Resorts's revenue fell $8.0M (-1%) from $610M in Q3 2025 to $602M in Q3 2026. The biggest changes: Food and beverage −$4.0M (-3%); Rooms −$3.0M (-0.8%); Ancillary hotel −$3.0M (-4%).
Park Hotels & Resorts, Q3 2026: revenue $602M (-1% year over year), operating margin 6.3%, net loss $15.0M, operating cash flow $115M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.6% | 5.1% | +4.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rooms | $367M | $370M | −$3.0M | -0.8% |
| Food and beverage | $146M | $150M | −$4.0M | -3% |
| Ancillary hotel | $64.0M | $67.0M | −$3.0M | -4% |
| Other | $25.0M | $23.0M | $2.0M | +9% |
| Revenue | $602M | $610M | −$8.0M | -1% |
| Income tax benefit | $1.0M | −$6.0M | $7.0M | — |
| Net loss | $15.0M | $14.0M | $1.0M | +7% |
| Costs & expenses | $618M | $624M | −$6.0M | -1% |
| Operating costs | $564M | $551M | $13.0M | +2% |
| Interest & other, net | $54.0M | $67.0M | −$13.0M | -19% |
| General & admin | $22.0M | $17.0M | $5.0M | +29% |
| Other operating costs | $542M | $534M | $8.0M | +1% |
| Operating cash sources | $130M | $113M | $17.0M | +15% |
| Depreciation & amortization | $74.0M | $78.0M | −$4.0M | -5% |
| Share-based compensation | $5.0M | $5.0M | $0 | 0% |
| Working capital & other | $51.0M | $30.0M | $21.0M | +70% |
| Net loss absorbed | $15.0M | $14.0M | $1.0M | +7% |
| Operating cash flow | $115M | $99.0M | $16.0M | +16% |
| Free cash flow (OCF − capex) | $58.0M | $31.0M | $27.0M | +87% |
| Capital expenditures | $57.0M | $68.0M | −$11.0M | -16% |
Questions
How much did Park Hotels & Resorts's revenue grow year over year in Q3 2026?
Park Hotels & Resorts's revenue fell $8.0M (-1%) from $610M in Q3 2025 to $602M in Q3 2026.
What drove Park Hotels & Resorts's revenue change in Q3 2026?
Food and beverage −$4.0M (-3%); Rooms −$3.0M (-0.8%); Ancillary hotel −$3.0M (-4%).