Growth Metrics

H World (HTHT) Operating Expenses (2009 - 2026)

H World (HTHT) reported Operating Expenses of -$656.0 million for Q1 2026, down 9.05% year-over-year from -$721.3 million in Q1 2025, and up 4.7% on a QoQ basis from -$688.3 million in Q4 2025.

H World (HTHT) has 2 years of Operating Expenses data on file, last reported at -$656.0 million in Q1 2026.

  • Quarterly Operating Expenses fell 9.05% year-over-year to -$656.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.9 billion (down 223.47% YoY) and the FY2025 annual result came in at $2.7 billion, up 3.91% from the prior year.
  • Operating Expenses grew to -$656.0 million in Q1 2026 per HTHT's latest filing, from -$688.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$601.6 million in Q1 2025 and bottomed at -$688.3 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marriott International 98.23 Bn 97.78 Bn 6.38 Bn 5.59 Bn
2 Hilton Worldwide Holdings 73.53 Bn 72.99 Bn - 2.26 Bn
3 Intercontinental Hotels 23.64 Bn 22.51 Bn - -
4 Hyatt Hotels 16.45 Bn 16.11 Bn 1.75 Bn 1.63 Bn
5 Wyndham Hotels & Resorts 5.97 Bn 5.89 Bn 302.00 Mn 213.00 Mn
6 Choice Hotels International 5.17 Bn 5.13 Bn 316.92 Mn 280.54 Mn
7 Civeo 373.70 Mn 357.15 Mn 40.16 Mn 169.54 Mn
8 GreenTree Hospitality 5.49 Mn -227.74 Mn 30.29 Mn -50.43 Mn
9 Atour Lifestyle Holdings 1.18 Mn -299.91 Bn 241.80 Mn -324.67 Mn
10 H World 1,745.92 -1.44 Bn 824.36 Mn -656.00 Mn

Historic Data

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DateValue
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
Mar 31, 2021 -446.00 Mn
Dec 31, 2020 509.00 Mn
Sep 30, 2020 448.00 Mn
Jun 30, 2020 369.00 Mn
Mar 31, 2020 -419.00 Mn
Dec 31, 2019 -361.00 Mn
Sep 30, 2019 -330.00 Mn
Jun 30, 2019 -325.00 Mn
Mar 31, 2019 -317.00 Mn
Dec 31, 2018 -316.53 Mn
Sep 30, 2018 -297.62 Mn
Jun 30, 2018 -289.47 Mn
Mar 31, 2018 -288.35 Mn
Dec 31, 2017 -310.67 Mn
Sep 30, 2017 267.81 Mn
Jun 30, 2017 -232.49 Mn
Mar 31, 2017 -206.97 Mn
Dec 31, 2016 -212.62 Mn
Sep 30, 2016 -213.42 Mn
Jun 30, 2016 -208.96 Mn
Mar 31, 2016 -211.25 Mn
Dec 31, 2015 -214.56 Mn
Sep 30, 2015 -210.56 Mn
Jun 30, 2015 -203.17 Mn
Mar 31, 2015 -196.32 Mn
Dec 31, 2014 -203.13 Mn
Sep 30, 2014 -192.47 Mn
Jun 30, 2014 -176.42 Mn
Mar 31, 2014 -170.15 Mn
Dec 31, 2013 -173.71 Mn
Sep 30, 2013 -159.41 Mn
Jun 30, 2013 -147.56 Mn
Mar 31, 2013 -140.38 Mn
Dec 31, 2012 -137.06 Mn
Sep 30, 2012 -123.04 Mn
Jun 30, 2012 -112.68 Mn
Mar 31, 2012 -105.08 Mn
Dec 31, 2011 -97.93 Mn
Sep 30, 2011 -89.50 Mn
Jun 30, 2011 -78.48 Mn
Mar 31, 2011 -68.41 Mn
Dec 31, 2010 -63.44 Mn
Sep 30, 2010 -59.52 Mn
Jun 30, 2010 -49.06 Mn
Mar 31, 2010 -47.43 Mn
Dec 31, 2009 -46.51 Mn
Sep 30, 2009 -44.58 Mn
Jun 30, 2009 -40.66 Mn