H World (HTHT) Operating Margin (2009 - 2026)
H World's (HTHT) quarterly Operating Margin came in at 31.05% in Q2 2026, up 318.0% year-over-year from 7.43% in Q2 2025, and up 24.48% quarter-over-quarter from 24.94% in Q1 2026.
Analysis
H World (HTHT) Operating Margin (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Operating Margin for 18 consecutive years, with 31.05% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 318.0% year-over-year to 31.05% in Q2 2026; TTM through Jun 2026 was 28.79%, a 613.0% increase from a year earlier, with the FY2025 full-year figure at 26.95%, up 517.0% from the prior year.
- Operating Margin was 31.05% for Q2 2026 at H World, up from 24.94% in the prior quarter.
- Over five years, Operating Margin peaked at 31.05% in Q2 2026 and troughed at 26.48% in Q1 2022.
- A 5-year average of 17.55% and a median of 22.48% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 1725 bps in 2022 and soared 4135 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 2.42% in 2022, then jumped by 657 bps to 13.49% in 2023, then rose by 11 bps to 14.91% in 2024, then surged by 96 bps to 29.15% in 2025, then gained by 6 bps to 31.05% in 2026.
- The last three Operating Margin figures came in at 31.05% (Q2 2026), 24.94% (Q1 2026), and 29.15% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | 25.68% |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | -48.82% |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | 31.05% |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | 22.15% |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | 46.40% |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | 23.63% |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | 9.14% |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | 20.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.05% |
| Mar 31, 2026 | 24.94% |
| Dec 31, 2025 | 29.15% |
| Sep 30, 2025 | 29.45% |
| Jun 30, 2025 | 27.87% |
| Mar 31, 2025 | 20.03% |
| Dec 31, 2024 | 14.91% |
| Sep 30, 2024 | 26.69% |
| Jun 30, 2024 | 25.53% |
| Mar 31, 2024 | 19.02% |
| Dec 31, 2023 | 13.49% |
| Sep 30, 2023 | 30.43% |
| Jun 30, 2023 | 24.93% |
| Mar 31, 2023 | 14.88% |
| Dec 31, 2022 | -2.42% |
| Sep 30, 2022 | 12.17% |
| Jun 30, 2022 | 0.20% |
| Mar 31, 2022 | -26.48% |
| Dec 31, 2021 | 1.14% |
| Sep 30, 2021 | 2.04% |