Braemar Hotels & Resorts (BHR) Operating Margin (2013 - 2026)

Braemar Hotels & Resorts has disclosed Operating Margin across 14 years of filings, most recently posting 18.96% for Q1 2026.

• Operating Margin for Q1 2026 came in at 18.96%, up 194.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.79% (down 617.0% YoY), and the FY2025 annual result was 10.28%, down 740.0% from the prior year.
• Operating Margin came in at 18.96% for Q1 2026 at Braemar Hotels & Resorts, up from 7.29% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 47.39% in Q3 2024 to a low of 7.29% in Q4 2025.
• The 5-year median for Operating Margin is 9.99% (2025), against an average of 12.12%.
• Across the five-year window, Operating Margin surged 4698 bps in 2024 and sank 2663 bps in 2025, its largest moves.
• Braemar Hotels & Resorts' Operating Margin stood at 7.03% in 2022, then sank by 53 bps to 3.29% in 2023, then slumped by 34 bps to 2.18% in 2024, then tumbled by 435 bps to 7.29% in 2025, then jumped by 360 bps to 18.96% in 2026.
• The last three Operating Margin figures came in at 18.96% (Q1 2026), 7.29% (Q4 2025), and 20.76% (Q3 2025), per Business Quant data.