Park Hotels & Resorts Inc. (PK) Income Statement
PK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPK revenue and net income
Where PK's revenue goes
2025Each bar shows an amount and its share of revenue. PK kept −11.1% of revenue as net income.
PK profit margins
PK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.2% | +0.5% | +24.4% | −0.6% |
| Gross profit | −93.3% | −58.4% | — | −24.5% |
| Operating income | −42.2% | −8.6% | — | −9.1% |
| Net income | −233.5% | — | — | — |
| EPS (diluted) | −116.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PK quarterly EPS vs estimates
Park Hotels & Resorts beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.34).
PK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.60B | $2.70B | $2.50B | $1.36B | $852.0M | $2.84B | $2.74B | $2.79B | $2.73B |
| Cost of revenue | $2.49B | $1.85B | $1.95B | $1.81B | $1.14B | $1.01B | $1.98B | $1.92B | $1.98B | $1.91B |
| Gross profit | $50.0M | $745.0M | $746.0M | $693.0M | $227.0M | −$161.0M | $863.0M | $822.0M | $815.0M | $818.0M |
| Research & development | — | — | $0 | $0 | $0 | $2 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $72.0M | $69.0M | $112.0M | $108.0M | $88.0M | $75.0M | $115.0M | $118.0M | $123.0M | $127.0M |
| Total operating expenses | −$176.0M | $354.0M | $403.0M | $397.0M | $406.0M | $1.04B | $437.0M | $415.0M | $419.0M | $385.0M |
| Operating income | $226.0M | $391.0M | $343.0M | $296.0M | −$179.0M | −$1.20B | $426.0M | $504.0M | $371.0M | $419.0M |
| Interest income | $10.0M | $21.0M | $37.0M | $13.0M | $264.0M | $2.0M | $121.0M | $106.0M | $86.0M | $173.0M |
| Interest expense | $267.0M | $274.0M | $252.0M | $247.0M | $258.0M | $213.0M | $140.0M | $127.0M | $124.0M | $181.0M |
| Income before taxes | −$270.0M | $165.0M | $144.0M | $173.0M | −$450.0M | −$1.45B | $351.0M | $500.0M | $285.0M | $221.0M |
| Income taxes | $7.0M | −$61.0M | $38.0M | $4.0M | $2.0M | −$6.0M | $35.0M | $23.0M | −$2.35B | $82.0M |
| Net income | −$283.0M | $212.0M | $97.0M | $162.0M | −$459.0M | −$1.44B | $306.0M | $472.0M | $2.62B | $133.0M |
| EBITDA | $333.0M | $696.0M | $683.0M | $689.0M | $89.0M | −$939.0M | $755.0M | $904.0M | $697.0M | $702.0M |
| EPS (diluted) | −$0.13 | $0.77 | $1.44 | $0.31 | −$1.84 | −$3.02 | $1.47 | $2.31 | $1.66 | $0.36 |
| Gross margin | 2.0% | 28.7% | 27.7% | 27.7% | 16.7% | −18.9% | 30.3% | 30.0% | 29.2% | 30.0% |
| Operating margin | 8.9% | 15.0% | 12.7% | 11.8% | −13.1% | −141.1% | 15.0% | 18.4% | 13.3% | 15.4% |
| Net margin | −11.1% | 8.2% | 3.6% | 6.5% | −33.7% | −169.0% | 10.8% | 17.2% | 94.1% | 4.9% |
| 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 | $680.0M | $622.0M | $629.0M | $610.0M | $672.0M | $630.0M | $625.0M | $649.0M | $686.0M | $639.0M | $657.0M | $679.0M |
| Cost of revenue | $585.0M | $576.0M | $1.12B | $449.0M | $460.0M | $461.0M | $463.0M | $468.0M | $471.0M | $452.0M | $471.0M | $492.0M |
| Gross profit | $95.0M | $46.0M | −$492.0M | $161.0M | $212.0M | $169.0M | $162.0M | $181.0M | $215.0M | $187.0M | $186.0M | $187.0M |
| Sales, general & admin | $20.0M | $18.0M | $18.0M | $17.0M | $19.0M | $18.0M | $17.0M | $17.0M | $18.0M | $17.0M | $15.0M | $18.0M |
| Total operating expenses | −$24.0M | −$22.0M | −$587.0M | $102.0M | $147.0M | $162.0M | $79.0M | $86.0M | $94.0M | $95.0M | −$90.0M | $102.0M |
| Operating income | $119.0M | $68.0M | $95.0M | $59.0M | $65.0M | $7.0M | $83.0M | $95.0M | $121.0M | $92.0M | $276.0M | $85.0M |
| Interest income | $2.0M | $1.0M | $2.0M | $3.0M | $65.0M | $3.0M | $5.0M | $6.0M | $5.0M | $5.0M | $9.0M | $9.0M |
| Interest expense | $52.0M | $51.0M | $77.0M | $53.0M | $69.0M | $68.0M | $69.0M | $69.0M | $69.0M | $67.0M | $66.0M | $65.0M |
| Income before taxes | $55.0M | $13.0M | −$205.0M | −$8.0M | −$1.0M | −$56.0M | $21.0M | $59.0M | $55.0M | $30.0M | $221.0M | $31.0M |
| Income taxes | $5.0M | $1.0M | −$1.0M | $6.0M | $1.0M | $1.0M | −$52.0M | $2.0M | −$12.0M | $1.0M | $33.0M | $4.0M |
| Net income | $47.0M | $11.0M | −$205.0M | −$16.0M | −$5.0M | −$57.0M | $66.0M | $54.0M | $64.0M | $28.0M | $187.0M | $27.0M |
| EBITDA | $173.0M | $128.0M | −$61.0M | $139.0M | $190.0M | $130.0M | $125.0M | $191.0M | $231.0M | $149.0M | $381.0M | $161.0M |
| EPS (diluted) | $0.70 | $0.11 | $0.10 | −$0.15 | −$0.09 | $0.01 | $0.23 | $0.10 | $0.32 | $0.12 | $0.89 | $0.13 |
| Gross margin | 14.0% | 7.4% | −78.2% | 26.4% | 31.5% | 26.8% | 25.9% | 27.9% | 31.3% | 29.3% | 28.3% | 27.5% |
| Operating margin | 17.5% | 10.9% | 15.1% | 9.7% | 9.7% | 1.1% | 13.3% | 14.6% | 17.6% | 14.4% | 42.0% | 12.5% |
| Net margin | 6.9% | 1.8% | −32.6% | −2.6% | −0.7% | −9.0% | 10.6% | 8.3% | 9.3% | 4.4% | 28.5% | 4.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PK's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PK financial results
In fiscal year 2025 (ended December 31, 2025), Park Hotels & Resorts reported revenue of $2.5 billion, down 2.2% from the year before. It had a net loss of $283.0 million, a net profit margin of −11.1%. Diluted earnings per share came to −$0.13. Over five years revenue grew at an average rate of 24.4% a year.
See the PK stock overview for the latest quote and news, or the PK chart for price history and technical indicators.
PK income statement FAQ
What is Park Hotels & Resorts's annual revenue?
Park Hotels & Resorts reported total revenue of $2.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.2% from $2.6 billion the previous year.
Is Park Hotels & Resorts profitable?
No. Park Hotels & Resorts reported a net loss of $283.0 million in fiscal 2025, a net profit margin of −11.1%; its operating margin was 8.9%.
What is Park Hotels & Resorts's gross margin?
Park Hotels & Resorts's gross margin was 2.0% in fiscal 2025: for every $100 of revenue, Park Hotels & Resorts kept $2 after the direct cost of its products and services.
How fast is Park Hotels & Resorts growing?
Revenue grew 24.4% a year on average over the last five fiscal years, from $852.0 million to $2.5 billion.
What are Park Hotels & Resorts's earnings per share?
Park Hotels & Resorts earned $-0.13 per diluted share in fiscal 2025, compared with $0.77 a year earlier.
When will Park Hotels & Resorts report its next earnings?
Park Hotels & Resorts is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Park Hotels & Resorts's fiscal year end?
Park Hotels & Resorts's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.