H World (HTHT) Operating Margin (2009 - 2026)
H World's (HTHT) quarterly Operating Margin came in at 24.94% in Q1 2026, up 492.0% year-on-year from 4.21% in Q1 2025, and down 14.44% on a QoQ basis from 29.15% in Q4 2025.
H World (HTHT) Operating Margin (2009 - 2026) Analysis & Trends
H World (HTHT) has 18 years of Operating Margin data on file, last reported at 24.94% in Q1 2026.
- On a quarterly basis, Operating Margin rose 492.0% year-over-year to 24.94% in Q1 2026; TTM through Mar 2026 was 27.92%, a 593.0% increase from a year earlier, with the FY2025 full-year figure at 26.95%, up 517.0% from the prior year.
- Operating Margin for Q1 2026 stood at 24.94%, down from 29.15% in the prior quarter.
- Over the last five years, Operating Margin for HTHT reached as high as 30.43% in Q3 2023 and fell as low as 26.48% in Q1 2022.
- Historically, Operating Margin has averaged 16.75% across 5 years, with a median of 20.03% in 2025.
- Across the five-year window, Operating Margin slumped 1725 bps in 2022 and surged 4135 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 2.42% in 2022, then surged by 657 bps to 13.49% in 2023, then grew by 11 bps to 14.91% in 2024, then soared by 96 bps to 29.15% in 2025, then declined by 14 bps to 24.94% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 24.94% in Q1 2026, 29.15% in Q4 2025, and 29.45% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | H World | 126.78 Bn | 124.97 Bn | 337.97 Mn | 24.94% |
| 2 | Marriott International | 101.74 Bn | 101.28 Bn | 6.38 Bn | 15.99% |
| 3 | Hilton Worldwide Holdings | 75.02 Bn | 74.97 Bn | 2.70 Bn | 23.08% |
| 4 | Intercontinental Hotels | 24.59 Bn | 19.73 Bn | - | - |
| 5 | Hyatt Hotels | 18.05 Bn | 17.38 Bn | 1.75 Bn | 6.75% |
| 6 | Atour Lifestyle Holdings | 13.31 Bn | -817.82 Bn | 241.80 Mn | 23.58% |
| 7 | Wyndham Hotels & Resorts | 5.58 Bn | 5.51 Bn | 349.00 Mn | 46.40% |
| 8 | Choice Hotels International | 5.12 Bn | 5.07 Bn | 316.92 Mn | 17.63% |
| 9 | Civeo | 389.49 Mn | 372.94 Mn | 40.16 Mn | 1.81% |
| 10 | Mdjm | 4,859.84 | -695,619.16 | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 17.45% |