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Service Properties Trust (SVC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Service Properties Trust (SVC) Q3 2026 earnings results →
Q3 2026 Revenue down 17% year over year to $400M · 22¢ of every $1 of revenue lost · operating margin -0.1%
Service Properties Trust made $400M in Q3 2026 (-17% Y/Y). Operating margin -0.1%, net loss $87.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
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What changed this quarter
Revenue was $399.5M in Q3 2026, down 17% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $314K, an operating margin of -0.1%. Total costs fell 11% while revenue fell 17%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $87.9M, narrower than the previous quarter's $223.8M loss. Net interest and other expense of $87.0M was the main reason.
Operating cash flow was $88.4M (down 10% year over year). Non-cash charges added back $72.2M of depreciation and amortization. Working capital and other items added $104.2M. Capital expenditures of $33.2M left free cash flow of $55.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $400M | -17% | -0.1% | −$87.9M | $88.4M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $421M | -16% | -30.3% | −$224M | $8.3M |
| Q1 2026 | 10-Q | May 6, 2026 | $364M | -16% | -0.2% | −$151M | $35.6M |
| Q4 2025 | 10-K | Feb 25, 2026 | $397M | -13% | 8.0% | −$782K | −$18.5M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $479M | -2% | 6.2% | −$46.9M | $98.1M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $503M | -2% | 12.9% | −$38.2M | −$7K |
| Q1 2025 | 10-Q | May 6, 2025 | $435M | -0.2% | -2.8% | −$116M | $38.2M |
Charts
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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 Service Properties Trust
We are a REIT formed in 1995 under the laws of the State of Maryland. As of December 31, 2025, we owned 760 service-focused retail net lease properties with an aggregate of 13,601,902 square feet located in 42 states and 94 hotels with an aggregate of 21,243 rooms or suites located in 31 states, the District of Columbia, Ontario, Canada, and San Juan, Puerto Rico. Our principal place of business is Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts 02458-1634, and our telephone number is (617) 964-8389. We seek to have a geographically diverse portfolio of real estate primarily in the United States.
In its own words, from its 10-K, filed Feb 25, 2026.
Service Properties Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +11%. Operating margin: -0.1% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SVC Service Properties Trust | Q3 2026 | $400M | -17% | -0.1% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Service Properties Trust 10-Q on SEC EDGAR · CIK 945394 · Real Estate Investment Trusts
Guidance and outlook
13F: who owns SVC and who is buying
More on SVC
- How Service Properties Trust makes money: revenue by segment
- Service Properties Trust next earnings date and what analysts expect
- Service Properties Trust stock forecast, price target and fair value
- Who owns Service Properties Trust stock: holders, funds and Congress trades
- Service Properties Trust guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare SVC with
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