Host Hotels & Resorts, Inc. (HST) Income Statement
HST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHST revenue and net income
Where HST's revenue goes
2025Each bar shows an amount and its share of revenue. HST kept 12.5% of revenue as net income.
HST profit margins
HST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.6% | +7.6% | +30.4% | +1.3% |
| Gross profit | −94.7% | −61.1% | −20.0% | −24.7% |
| Operating income | −5.0% | +2.4% | — | +2.8% |
| Net income | +9.8% | +6.5% | — | +3.2% |
| EPS (diluted) | +54.5% | +20.2% | — | +7.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HST quarterly EPS vs estimates
Host Hotels beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.38).
HST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.11B | $5.68B | $5.31B | $4.91B | $2.89B | $1.62B | $5.47B | $5.52B | $5.39B | $5.43B |
| Cost of revenue | $5.95B | $2.65B | $2.46B | $2.20B | $1.40B | $1.13B | $2.60B | $2.65B | $2.60B | $2.62B |
| Gross profit | $160.0M | $3.03B | $2.85B | $2.71B | $1.49B | $487.0M | $2.87B | $2.87B | $2.78B | $2.81B |
| Research & development | — | — | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $124.0M | $117.0M | $115.0M | $107.0M | $99.0M | $89.0M | $107.0M | $104.0M | $97.0M | $106.0M |
| Total operating expenses | −$671.0M | $2.16B | $2.02B | $1.94B | $1.74B | $1.44B | $2.07B | $2.34B | $2.11B | $2.12B |
| Operating income | $831.0M | $875.0M | $827.0M | $775.0M | −$250.0M | −$953.0M | $799.0M | $530.0M | $676.0M | $684.0M |
| Interest income | $32.0M | $54.0M | $75.0M | $30.0M | $2.0M | $8.0M | $32.0M | $15.0M | $6.0M | $3.0M |
| Interest expense | $235.0M | $215.0M | $187.0M | $156.0M | $191.0M | $158.0M | $222.0M | $176.0M | $167.0M | $154.0M |
| Income before taxes | $818.0M | $721.0M | $788.0M | $669.0M | −$102.0M | −$961.0M | $962.0M | $1.30B | $651.0M | $811.0M |
| Income taxes | $42.0M | $14.0M | $36.0M | $26.0M | −$91.0M | −$220.0M | $30.0M | $150.0M | $80.0M | $40.0M |
| Net income | $765.0M | $697.0M | $740.0M | $633.0M | −$11.0M | −$732.0M | $920.0M | $1.09B | $564.0M | $762.0M |
| EBITDA | $1.85B | $1.70B | $1.67B | $1.49B | $851.0M | −$138.0M | $1.86B | $2.42B | $1.56B | $1.68B |
| EPS (diluted) | $1.53 | $0.99 | $1.04 | $0.88 | $0.09 | −$1.03 | $1.34 | $1.45 | $0.75 | $1.02 |
| Gross margin | 2.6% | 53.4% | 53.7% | 55.2% | 51.7% | 30.1% | 52.5% | 52.0% | 51.7% | 51.7% |
| Operating margin | 13.6% | 15.4% | 15.6% | 15.8% | −8.7% | −58.8% | 14.6% | 9.6% | 12.5% | 12.6% |
| Net margin | 12.5% | 12.3% | 13.9% | 12.9% | −0.4% | −45.2% | 16.8% | 19.7% | 10.5% | 14.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.65B | $1.60B | $1.33B | $1.59B | $1.59B | $1.43B | $1.32B | $1.47B | $1.47B | $1.32B | $1.21B |
| Cost of revenue | $1.51B | $1.50B | $1.58B | $655.0M | $723.0M | $728.0M | $665.0M | $646.0M | $670.0M | $670.0M | $623.0M | $594.0M |
| Gross profit | $129.0M | $150.0M | $25.0M | $676.0M | $863.0M | $866.0M | $763.0M | $673.0M | $796.0M | $801.0M | $700.0M | $620.0M |
| Sales, general & admin | $29.0M | $28.0M | $41.0M | $27.0M | $25.0M | $31.0M | $36.0M | $25.0M | $29.0M | $27.0M | $35.0M | $26.0M |
| Total operating expenses | −$164.0M | −$162.0M | −$167.0M | $575.0M | $586.0M | $581.0M | $606.0M | $538.0M | $504.0M | $510.0M | $527.0M | $463.0M |
| Operating income | $293.0M | $312.0M | $192.0M | $101.0M | $277.0M | $285.0M | $157.0M | $135.0M | $292.0M | $291.0M | $173.0M | $157.0M |
| Interest income | $18.0M | $12.0M | $10.0M | $7.0M | $7.0M | $8.0M | $11.0M | $11.0M | $14.0M | $18.0M | $18.0M | $19.0M |
| Interest expense | $58.0M | $59.0M | $60.0M | $60.0M | $58.0M | $57.0M | $59.0M | $59.0M | $50.0M | $47.0M | $49.0M | $48.0M |
| Income before taxes | $259.0M | $518.0M | $144.0M | $172.0M | $252.0M | $250.0M | $103.0M | $90.0M | $258.0M | $270.0M | $143.0M | $128.0M |
| Income taxes | $18.0M | $17.0M | $7.0M | $9.0M | $27.0M | −$1.0M | −$6.0M | $6.0M | $16.0M | −$2.0M | $9.0M | $15.0M |
| Net income | $237.0M | $494.0M | $135.0M | $161.0M | $221.0M | $248.0M | $108.0M | $82.0M | $239.0M | $268.0M | $132.0M | $111.0M |
| EBITDA | $510.0M | $767.0M | $412.0M | $428.0M | $505.0M | $503.0M | $359.0M | $346.0M | $496.0M | $497.0M | $378.0M | $350.0M |
| EPS (diluted) | $0.63 | $0.72 | $0.51 | $0.35 | $0.32 | $0.35 | $0.15 | $0.12 | $0.34 | $0.38 | $0.19 | $0.16 |
| Gross margin | 7.9% | 9.1% | 1.6% | 50.8% | 54.4% | 54.3% | 53.4% | 51.0% | 54.3% | 54.5% | 52.9% | 51.1% |
| Operating margin | 17.9% | 19.0% | 12.0% | 7.6% | 17.5% | 17.9% | 11.0% | 10.2% | 19.9% | 19.8% | 13.1% | 12.9% |
| Net margin | 14.5% | 30.0% | 8.4% | 12.1% | 13.9% | 15.6% | 7.6% | 6.2% | 16.3% | 18.2% | 10.0% | 9.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HST's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HST financial results
In fiscal year 2025 (ended December 31, 2025), Host Hotels reported revenue of $6.1 billion, up 7.6% from the year before. It had net income of $765.0 million (up 9.8%), a net profit margin of 12.5%. Diluted earnings per share came to $1.53. Over five years revenue grew at an average rate of 30.4% a year.
See the HST stock overview for the latest quote and news, or the HST chart for price history and technical indicators.
HST income statement FAQ
What is Host Hotels's annual revenue?
Host Hotels reported total revenue of $6.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.6% from $5.7 billion the previous year.
Is Host Hotels profitable?
Yes. Host Hotels reported net income of $765.0 million in fiscal 2025, a net profit margin of 12.5%; its operating margin was 13.6%.
What is Host Hotels's gross margin?
Host Hotels's gross margin was 2.6% in fiscal 2025: for every $100 of revenue, Host Hotels kept $3 after the direct cost of its products and services.
How fast is Host Hotels growing?
Revenue grew 30.4% a year on average over the last five fiscal years, from $1.6 billion to $6.1 billion.
What are Host Hotels's earnings per share?
Host Hotels earned $1.53 per diluted share in fiscal 2025, compared with $0.99 a year earlier.
When will Host Hotels report its next earnings?
Host Hotels is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Host Hotels's fiscal year end?
Host Hotels's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.