Ashford Hospitality Trust annual operating margin
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Ashford Hospitality Trust Operating Margin Growth & History (AHT)
Ashford Hospitality Trust's operating margin was 10.54% for fiscal 2025.
View full Ashford Hospitality Trust company overviewAshford Hospitality Trust annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.54% | −11.57 pp |
| 2024 | 2024-12-31 | 22.11% | +12.57 pp |
| 2023 | 2023-12-31 | 9.54% | +3.39 pp |
| 2022 | 2022-12-31 | 6.15% | +21.69 pp |
| 2021 | 2021-12-31 | −15.54% | +76.02 pp |
| 2020 | 2020-12-31 | −91.56% | −99.20 pp |
| 2019 | 2019-12-31 | 7.63% | +1.32 pp |
| 2018 | 2018-12-31 | 6.32% | −4.04 pp |
| 2017 | 2017-12-31 | 10.35% | −2.20 pp |
| 2016 | 2016-12-31 | 12.55% | +2.24 pp |
| 2015 | 2015-12-31 | 10.32% | +0.67 pp |
| 2014 | 2014-12-31 | 9.65% | −2.79 pp |
| 2013 | 2013-12-31 | 12.44% | +0.03 pp |
| 2012 | 2012-12-31 | 12.41% | +1.49 pp |
| 2011 | 2011-12-31 | 10.91% | +3.28 pp |
| 2010 | 2010-12-31 | 7.64% | +17.40 pp |
| 2009 | 2009-12-31 | −9.77% | — |
Ashford Hospitality Trust quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 71.85% | +55.53 pp |
| Q1 2026 | 2026-03-31 | 4.95% | −17.24 pp |
| Q4 2025 | 2025-12-31 | −2.56% | +15.21 pp |
| Q3 2025 | 2025-09-30 | 4.59% | −2.70 pp |
| Q2 2025 | 2025-06-30 | 16.32% | −26.49 pp |
| Q1 2025 | 2025-03-31 | 22.19% | −27.99 pp |
| Q4 2024 | 2024-12-31 | −17.77% | −22.98 pp |
| Q3 2024 | 2024-09-30 | 7.29% | −3.56 pp |
| Q2 2024 | 2024-06-30 | 42.82% | +28.76 pp |
| Q1 2024 | 2024-03-31 | 50.18% | +42.96 pp |
| Q4 2023 | 2023-12-31 | 5.21% | +0.35 pp |
| Q3 2023 | 2023-09-30 | 10.85% | +0.70 pp |
| Q2 2023 | 2023-06-30 | 14.06% | +1.95 pp |
| Q1 2023 | 2023-03-31 | 7.22% | +13.13 pp |
| Q4 2022 | 2022-12-31 | 4.86% | +10.72 pp |
| Q3 2022 | 2022-09-30 | 10.14% | +12.13 pp |
| Q2 2022 | 2022-06-30 | 12.11% | +30.53 pp |
| Q1 2022 | 2022-03-31 | −5.91% | +54.56 pp |
| Q4 2021 | 2021-12-31 | −5.86% | +104.57 pp |
| Q3 2021 | 2021-09-30 | −1.98% | +174.84 pp |
| Q2 2021 | 2021-06-30 | −18.43% | +333.93 pp |
| Q1 2021 | 2021-03-31 | −60.47% | −42.93 pp |
| Q4 2020 | 2020-12-31 | −110.43% | −113.96 pp |
| Q3 2020 | 2020-09-30 | −176.83% | −184.69 pp |
| Q2 2020 | 2020-06-30 | −352.35% | −364.10 pp |
| Q1 2020 | 2020-03-31 | −17.54% | −24.22 pp |
| Q4 2019 | 2019-12-31 | 3.53% | +5.16 pp |
| Q3 2019 | 2019-09-30 | 7.87% | −0.37 pp |
| Q2 2019 | 2019-06-30 | 11.75% | +0.59 pp |
| Q1 2019 | 2019-03-31 | 6.69% | −0.11 pp |
| Q4 2018 | 2018-12-31 | −1.63% | −11.20 pp |
| Q3 2018 | 2018-09-30 | 8.24% | −0.14 pp |
| Q2 2018 | 2018-06-30 | 11.16% | −3.81 pp |
| Q1 2018 | 2018-03-31 | 6.80% | −1.20 pp |
| Q4 2017 | 2017-12-31 | 9.57% | −0.78 pp |
| Q3 2017 | 2017-09-30 | 8.38% | −2.66 pp |
| Q2 2017 | 2017-06-30 | 14.97% | −1.95 pp |
| Q1 2017 | 2017-03-31 | 7.99% | −3.27 pp |
| Q4 2016 | 2016-12-31 | 10.35% | +1.92 pp |
| Q3 2016 | 2016-09-30 | 11.04% | −0.17 pp |
| Q2 2016 | 2016-06-30 | 16.92% | +7.39 pp |
| Q1 2016 | 2016-03-31 | 11.26% | −1.57 pp |
| Q4 2015 | 2015-12-31 | 8.42% | +1.30 pp |
| Q3 2015 | 2015-09-30 | 11.22% | +1.65 pp |
| Q2 2015 | 2015-06-30 | 9.53% | +1.14 pp |
| Q1 2015 | 2015-03-31 | 12.83% | −0.71 pp |
| Q4 2014 | 2014-12-31 | 7.13% | −3.46 pp |
| Q3 2014 | 2014-09-30 | 9.56% | −2.08 pp |
| Q2 2014 | 2014-06-30 | 8.39% | −7.67 pp |
| Q1 2014 | 2014-03-31 | 13.54% | +2.65 pp |
| Q4 2013 | 2013-12-31 | 10.58% | −0.58 pp |
| Q3 2013 | 2013-09-30 | 11.64% | −1.84 pp |
| Q2 2013 | 2013-06-30 | 16.06% | +1.31 pp |
| Q1 2013 | 2013-03-31 | 10.90% | +0.83 pp |
| Q4 2012 | 2012-12-31 | 11.16% | +0.06 pp |
| Q3 2012 | 2012-09-30 | 13.48% | +5.26 pp |
| Q2 2012 | 2012-06-30 | 14.75% | −0.75 pp |
| Q1 2012 | 2012-03-31 | 10.07% | +1.59 pp |
| Q4 2011 | 2011-12-31 | 11.10% | +4.43 pp |
| Q3 2011 | 2011-09-30 | 8.23% | −3.04 pp |
| Q2 2011 | 2011-06-30 | 15.50% | — |
| Q1 2011 | 2011-03-31 | 8.47% | — |
| Q3 2010 | 2010-09-30 | 6.67% | — |
| Q2 2010 | 2010-06-30 | 11.27% | — |
Ashford Hospitality Trust operating margin trends
Over the last five reported fiscal years, Ashford Hospitality Trust's operating margin increased from −91.56% to 10.54%, a change of +102.11 percentage points. The latest reported quarter, Q2 2026, shows 71.85%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Ashford Hospitality Trust filings at SEC.gov ↗