H World (HTHT) Operating Expenses (2009 - 2026)
H World's (HTHT) quarterly Operating Expenses came in at -$753.0 million in Q2 2026, down 13.75% year-over-year from -$873.0 million in Q2 2025, and down 14.79% quarter-over-quarter from -$656.0 million in Q1 2026.
Analysis
H World (HTHT) Operating Expenses (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Operating Expenses for 18 consecutive years, with -$753.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 13.75% year-over-year to -$753.0 million in Q2 2026; TTM through Jun 2026 was -$2.8 billion, a 5.25% decrease from a year earlier, with the FY2025 full-year figure at $2.7 billion, up 3.91% from the prior year.
- Operating Expenses was -$753.0 million for Q2 2026 at H World, down from -$656.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$516.0 million in Q3 2022 and troughed at -$753.0 million in Q2 2026.
- A 5-year average of -$630.6 million and a median of -$626.5 million in 2023 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 4.38% in 2022, down 21.52% in 2022.
- Over 5 years, Operating Expenses stood at -$590.0 million in 2022, then slipped by 18.81% to -$701.0 million in 2023, then fell by 2.0% to -$715.0 million in 2024, then advanced by 2.52% to -$697.0 million in 2025, then retreated by 8.03% to -$753.0 million in 2026.
- The last three Operating Expenses figures came in at -$753.0 million (Q2 2026), -$656.0 million (Q1 2026), and -$697.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | 1.70 Bn |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | -753.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 80.75 Mn |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 201.00 Mn |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 336.62 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 | -14.78 Mn |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | -27.95 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 | -590.00 Mn |
| Sep 30, 2022 | -516.00 Mn |
| Jun 30, 2022 | -526.00 Mn |
| Mar 31, 2022 | -542.00 Mn |
| Dec 31, 2021 | -608.00 Mn |
| Sep 30, 2021 | -539.64 Mn |