H World (HTHT) Cost of Revenue (2009 - 2026)
H World's Cost of Revenue came in at $594 million for Q2 2026, up 13.6% from $523 million a year earlier and up 12.3% from the prior quarter.
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Analysis
H World (HTHT) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, H World reported Cost of Revenue of $2.25 billion, up 5.5% year-over-year; for FY2025, it was $2.19 billion, up 4.8% from FY2024.
- Cost of Revenue has increased in each of the last 16 years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $2.09 billion in FY2024 (+3.6%), $2.02 billion in FY2023 (+13.7%), $1.78 billion in FY2022 (+0.4%) and $1.77 billion in FY2021 (+18.7%).
- The Q2 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q1 2009.
- Year-over-year, Cost of Revenue increased in seven of the last eight quarters, with growth averaging 4.6%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2021 (growth of 22.5%), and the weakest in Q3 2022 (a decline of 4.0%).
- Business Quant data shows HTHT's Cost of Revenue at $529 million (Q1 2026), $560 million (Q4 2025) and $570 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.67 Bn | 107.95 Bn | 1.54 Bn | 5.46 Bn |
| 2 | Royal Caribbean Cruises | 90.52 Bn | 87.45 Bn | 2.88 Bn | 2.71 Bn |
| 3 | Hilton Worldwide Holdings | 83.81 Bn | 80.55 Bn | 3.05 Bn | 271.00 Mn |
| 4 | Carnival | 41.95 Bn | 35.14 Bn | - | - |
| 5 | Viking Holdings | 38.73 Bn | 23.86 Bn | 996.62 Mn | 1.19 Bn |
| 6 | Trip.com | 28.97 Bn | -16.07 Bn | 1.84 Bn | 466.00 Mn |
| 7 | Intercontinental Hotels | 27.91 Bn | 23.87 Bn | - | - |
| 8 | Hyatt Hotels | 17.38 Bn | 14.80 Bn | 384.00 Mn | 1.36 Bn |
| 9 | H World | 15.47 Bn | 6.87 Bn | 456.00 Mn | 594.00 Mn |
| 10 | U-Haul Holding | 11.08 Bn | 6.73 Bn | 1.75 Bn | 20.75 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 |
API Access
H World Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HTHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HTHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HTHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();