H World (HTHT) Operating Expenses (2009 - 2026)
H World (HTHT) recorded Operating Expenses of -$753 million in the quarter ended Jun 30, 2026, compared with -$662 million a year earlier.
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Analysis
H World (HTHT) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, H World's Operating Expenses came in at -$2.81 billion as of Jun 30, 2026; for the year ended Dec 31, 2025, it came in at $2.71 billion, up 3.9% from the prior year.
- Annual Operating Expenses has increased for three straight years, with a five-year compound annual growth rate of 8.2% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Expenses came in at $2.61 billion in the year ended Dec 31, 2024 (+5.4%), $2.48 billion in the year ended Dec 31, 2023 (+16.1%), $2.13 billion in the year ended Dec 31, 2022 (-0.1%) and $2.14 billion in the year ended Dec 31, 2021 (+16.9%).
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Operating Expenses in data going back to the quarter ended Jun 30, 2009.
- Per Business Quant, the preceding three quarters came in at -$656 million (quarter ended Mar 31, 2026), -$697 million (quarter ended Dec 31, 2025) and -$699 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 513.00 Mn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 268.67 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 4.63 Bn |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | -1.49 Bn |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | 1.70 Bn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | -753.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 690.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -753.00 Mn |
| Mar 31, 2026 | -656.00 Mn |
| Dec 31, 2025 | -697.00 Mn |
| Sep 30, 2025 | -699.00 Mn |
| Jun 30, 2025 | -662.00 Mn |
| Mar 31, 2025 | -603.00 Mn |
| Dec 31, 2024 | -715.00 Mn |
| Sep 30, 2024 | -685.00 Mn |
| Jun 30, 2024 | -643.00 Mn |
| Mar 31, 2024 | -602.00 Mn |
| Dec 31, 2023 | -701.00 Mn |
| Sep 30, 2023 | -610.00 Mn |
| Jun 30, 2023 | -585.00 Mn |
| Mar 31, 2023 | -566.00 Mn |
| Dec 31, 2022 | 572.82 Mn |
| Sep 30, 2022 | -516.00 Mn |
| Jun 30, 2022 | -526.00 Mn |
| Mar 31, 2022 | -542.00 Mn |
| Dec 31, 2021 | 604.52 Mn |
| Sep 30, 2021 | -539.64 Mn |
API Access
H World Operating Expenses 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=operating-expenses&ticker=HTHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=HTHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();