Host Hotels & Resorts (HST) Q3 FY2026 earnings: revenue $1.3 billion, up 1.2% on the year

Host Hotels & Resorts, Inc. (HST) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 1.2% on the same quarter a year earlier. Net income was $70 million, down 56.5% on the year, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$1.3 billion

+1.2% on the year · -17.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

9.0%

7.6% a year earlier

Q4 FY2024Q3 FY2026

Net income

$70 million

-56.5% on the year · -70.5% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.10

-56.5% on the year · -71.4% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 10 raised, 1 lowered, 1 narrowed, 1 new, 1 kept.

Comparable RevPAR rose 8.8%: Comparable hotel RevPAR was $219.50, up 8.8%, with average room rate up 5.7% and occupancy up 2.1 points. Year-to-date RevPAR rose 6.6%.
Adjusted EBITDA re up 8.8%: Adjusted EBITDA re was $347 million, up 8.8%. Management said improved operations and hotel margins more than offset declines from 2025 and 2026 dispositions. Diluted EPS was $0.10.
Rate gains offset wage growth: Comparable hotel EBITDA margin rose 90 basis points to 25.2%. Average room rate increases offset higher wage expense, and the year-to-date margin reached 30.2%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,347	1,640	1,331	-17.9%	+1.2%
Operating income	121	293	101	-58.7%	+19.8%
Operating margin	9.0%	17.9%	7.6%
Interest expense	59.0	58.0	60.0	+1.7%	-1.7%
Pre-tax income	78.0	259	172	-69.9%	-54.7%
Income tax	7.0	18.0	9.0	-61.1%	-22.2%
Effective tax rate	9.0%	6.9%	5.2%
Net income	70.0	237	161	-70.5%	-56.5%
Net margin	5.2%	14.5%	12.1%
Diluted EPS	$0.10	$0.35	$0.23	-71.4%	-56.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	345	503	218	-31.4%	+58.3%
Capital expenditure	71.0	52.0	75.0	+36.5%	-5.3%
Free cash flow	274	451	143	-39.2%	+91.6%
Free cash flow margin	20.3%	27.5%	10.7%
Cash from investing	-164	-108	-102
Cash from financing	-640	-139	-140
Depreciation and amortisation	187	193	196	-3.1%	-4.6%
Share-based compensation	7.0	6.0	5.0	+16.7%	+40.0%
Buybacks	0.0	0.0	0.0
Dividends paid	630	136	138	+363.2%	+356.5%
Dividend per share	$0.20	$0.92	$0.20	-78.3%	0.0%
Diluted shares, weighted	687m	687m	690m	+0.0%	-0.3%
Shares outstanding at period end	685m	685m	688m	+0.0%	-0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	6,341	6,388	6,661	-0.7%	-4.8%
Non-controlling interest	4.0	4.0	3.0	0.0%	+33.3%
Redeemable equity	211	226	149	-6.6%	+41.6%
Debt	5,084	5,082	5,079	+0.0%	+0.1%
Other liabilities	1,113	1,553	1,148	-28.3%	-3.0%
Total liabilities and equity	12,753	13,253	13,040	-3.8%	-2.2%
Fixed assets	9,625	9,639	10,670	-0.1%	-9.8%
Cash and equivalents	1,492	1,953	539	-23.6%	+176.8%
Other assets	1,636	1,661	1,831	-1.5%	-10.6%
Total assets	12,753	13,253	13,040	-3.8%	-2.2%

Questions

What was Host Hotels & Resorts' revenue in Q3 FY2026?

Host Hotels & Resorts (HST) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 1.2% on the same quarter a year earlier.

How much did Host Hotels & Resorts earn in Q3 FY2026?

Net income for Q3 FY2026 was $70 million, down 56.5% on the year, and diluted earnings per share $0.10.

When did Host Hotels & Resorts report Q3 FY2026 results?

Host Hotels & Resorts filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	998	1,074	1,381	1,189	1,263	1,381	1,393	1,214	1,323	1,471	1,466	1,319	1,428	1,594	1,586	1,331	1,603	1,645	1,640	1,347
Operating income	79.0	122	327	148	178	248	249	157	173	291	292	135	157	285	277	101	192	319	293	121
Operating margin	8%	11%	24%	12%	14%	18%	18%	13%	13%	20%	20%	10%	11%	18%	17%	8%	12%	19%	18%	9%
Interest expense	63.0	36.0	37.0	40.0	43.0	49.0	45.0	48.0	49.0	47.0	50.0	59.0	59.0	57.0	58.0	60.0	60.0	59.0	58.0	59.0
Pre-tax income	313	102	299	122	146	289	228	128	143	270	258	90.0	103	250	252	172	144	518	259	78.0
Tax rate	-3%	-16%	13%	5%	-2%	-1%	6%	12%	6%	-1%	6%	7%	-6%	-0%	11%	5%	5%	3%	7%	9%
Net income	320	116	256	114	147	287	210	111	132	268	239	82.0	108	248	221	161	135	494	237	70.0
Net margin	32%	11%	19%	10%	12%	21%	15%	9%	10%	18%	16%	6%	8%	16%	14%	12%	8%	30%	14%	5%
Diluted EPS	$0.46	$0.16	$0.36	$0.16	$0.20	$0.40	$0.29	$0.16	$0.19	$0.38	$0.34	$0.12	$0.15	$0.35	$0.32	$0.23	$0.20	$0.72	$0.35	$0.10
Operating cash flow	214	261	447	348	360	308	512	314	307	365	453	349	331	305	444	218	543	342	503	345
Capital expenditure	92.0	83.0	79.0	78.0	67.0	51.0	46.0	43.0	55.0	33.0	44.0	87.0	96.0	46.0	63.0	75.0	98.0	51.0	52.0	71.0
Free cash flow	122	178	368	270	293	257	466	271	252	332	409	262	235	259	381	143	445	291	451	274
Buybacks	n/a	0.0	0.0	0.0	27.0	50.0	0.0	100	32.0	0.0	50.0	57.0	0.0	100	105	0.0	0.0	75.0	0.0	0.0
Dividends paid	0.0	0.0	21.0	44.0	85.0	228	85.0	107	127	316	141	141	139	210	138	138	137	241	136	630
Shares outstanding	714m	715m	715m	715m	713m	711m	711m	705m	704m	705m	702m	699m	699m	694m	688m	688m	688m	685m	685m	685m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.