H World (HTHT) Operating Expenses (2009 - 2026)
H World (HTHT) posted quarterly Operating Expenses of -$656.0 million for Q1 2026, down 8.79% year-over-year from -$719.2 million in Q1 2025, and up 5.88% quarter-over-quarter from -$697.0 million in Q4 2025.
H World (HTHT) Operating Expenses (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Operating Expenses for 18 consecutive years, with -$656.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 8.79% year-over-year to -$656.0 million; the TTM figure through Mar 2026 stood at -$2.7 billion (down 2.57% YoY), while the FY2025 annual figure was $2.7 billion, up 3.91% from the prior year.
- Operating Expenses climbed to -$656.0 million in Q1 2026 per HTHT's latest filing, from -$697.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$516.0 million in Q3 2022 and bottomed at -$715.0 million in Q4 2024.
- Historically, Operating Expenses has averaged -$623.4 million across 5 years, with a median of -$610.0 million in 2023.
- On a YoY basis, Operating Expenses climbed as much as 2.96% in 2022 and fell as far as 95027524.31% in 2022.
- H World's Operating Expenses stood at -$590.0 million in 2022, then declined by 18.81% to -$701.0 million in 2023, then decreased by 2.0% to -$715.0 million in 2024, then grew by 2.52% to -$697.0 million in 2025, then advanced by 5.88% to -$656.0 million in 2026.
- Business Quant data shows HTHT's Operating Expenses at -$656.0 million in Q1 2026, -$697.0 million in Q4 2025, and -$699.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.02 Bn | 92.56 Bn | 1.97 Bn | 5.84 Bn |
| 2 | Hilton Worldwide Holdings | 73.87 Bn | 72.89 Bn | 3.08 Bn | 2.48 Bn |
| 3 | Hyatt Hotels | 17.07 Bn | 16.78 Bn | 809.00 Mn | 1.70 Bn |
| 4 | H World | 12.87 Bn | 11.09 Bn | 337.97 Mn | -656.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.56 Bn | -826.02 Bn | 242.81 Mn | -324.67 Mn |
| 6 | Wyndham Hotels & Resorts | 5.47 Bn | 5.40 Bn | 349.00 Mn | 201.00 Mn |
| 7 | Choice Hotels International | 4.72 Bn | 4.68 Bn | 243.10 Mn | 336.62 Mn |
| 8 | Civeo | 364.78 Mn | 344.17 Mn | 41.41 Mn | 174.93 Mn |
| 9 | Intercontinental Hotels | 115.49 Mn | -4.73 Bn | - | - |
| 10 | GreenTree Hospitality | 112.00 Mn | 4,368.01 Bn | 32.55 Mn | -29.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -543.00 |
| Jun 30, 2021 | -515.00 Mn |