H World (HTHT) Cost of Revenue (2009 - 2026)
H World's (HTHT) quarterly Cost of Revenue came in at $594.0 million in Q2 2026, up 13.58% year-over-year from $523.0 million in Q2 2025, and up 12.29% quarter-over-quarter from $529.0 million in Q1 2026.
Analysis
H World (HTHT) Cost of Revenue (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Cost of Revenue for 18 consecutive years, with $594.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 13.58% year-over-year to $594.0 million in Q2 2026; TTM through Jun 2026 was $2.3 billion, a 5.53% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 4.78% from the prior year.
- Cost of Revenue was $594.0 million for Q2 2026 at H World, up from $529.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $594.0 million in Q2 2026 and troughed at $428.0 million in Q3 2022.
- A 5-year average of $511.9 million and a median of $504.5 million in 2024 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 18.13% in 2022, down 4.03% in 2022.
- Over 5 years, Cost of Revenue stood at $496.0 million in 2022, then gained by 13.51% to $563.0 million in 2023, then grew by 1.95% to $574.0 million in 2024, then decreased by 2.44% to $560.0 million in 2025, then climbed by 6.07% to $594.0 million in 2026.
- The last three Cost of Revenue figures came in at $594.0 million (Q2 2026), $529.0 million (Q1 2026), and $560.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 5.10 Bn |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 266.00 Mn |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | 1.02 Bn |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | 594.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 767,000.00 |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 26.00 Mn |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 197.67 Mn |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | 20.49 Mn |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | 28.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 594.00 Mn |
| Mar 31, 2026 | 529.00 Mn |
| Dec 31, 2025 | 560.00 Mn |
| Sep 30, 2025 | 570.00 Mn |
| Jun 30, 2025 | 523.00 Mn |
| Mar 31, 2025 | 497.00 Mn |
| Dec 31, 2024 | 574.00 Mn |
| Sep 30, 2024 | 541.00 Mn |
| Jun 30, 2024 | 512.00 Mn |
| Mar 31, 2024 | 494.00 Mn |
| Dec 31, 2023 | 563.00 Mn |
| Sep 30, 2023 | 494.00 Mn |
| Jun 30, 2023 | 480.00 Mn |
| Mar 31, 2023 | 473.00 Mn |
| Dec 31, 2022 | 496.00 Mn |
| Sep 30, 2022 | 428.00 Mn |
| Jun 30, 2022 | 443.00 Mn |
| Mar 31, 2022 | 443.00 Mn |
| Dec 31, 2021 | 501.00 Mn |
| Sep 30, 2021 | 445.97 Mn |