H World (HTHT) Operating Margin (2009 - 2026)
H World (HTHT) posted quarterly Operating Margin of 24.94% for Q1 2026, up 492.0% year-over-year from 4.21% in Q1 2025, and down 14.44% quarter-over-quarter from 29.15% in Q4 2025.
H World (HTHT) Operating Margin (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Operating Margin for 18 consecutive years, with 24.94% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 492.0% year-over-year to 24.94%; the TTM figure through Mar 2026 stood at 27.92% (up 593.0% YoY), while the FY2025 annual figure was 26.95%, up 517.0% from the prior year.
- Operating Margin declined to 24.94% in Q1 2026 per HTHT's latest filing, from 29.15% in the prior quarter.
- Across five years, Operating Margin topped out at 30.43% in Q3 2023 and bottomed at 26.48% in Q1 2022.
- Historically, Operating Margin has averaged 16.75% across 5 years, with a median of 20.03% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 1725 bps — and 2023, when it jumped 4135 bps.
- H World's Operating Margin stood at 2.42% in 2022, then soared by 657 bps to 13.49% in 2023, then advanced by 11 bps to 14.91% in 2024, then jumped by 96 bps to 29.15% in 2025, then slipped by 14 bps to 24.94% in 2026.
- Business Quant data shows HTHT's Operating Margin at 24.94% in Q1 2026, 29.15% in Q4 2025, and 29.45% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.02 Bn | 92.56 Bn | 1.97 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 73.87 Bn | 72.89 Bn | 3.08 Bn | 25.68% |
| 3 | Hyatt Hotels | 17.07 Bn | 16.78 Bn | 809.00 Mn | -48.82% |
| 4 | H World | 12.87 Bn | 11.09 Bn | 337.97 Mn | 24.94% |
| 5 | Atour Lifestyle Holdings | 8.56 Bn | -826.02 Bn | 242.81 Mn | 23.58% |
| 6 | Wyndham Hotels & Resorts | 5.47 Bn | 5.40 Bn | 349.00 Mn | 46.40% |
| 7 | Choice Hotels International | 4.72 Bn | 4.68 Bn | 243.10 Mn | 23.63% |
| 8 | Civeo | 364.78 Mn | 344.17 Mn | 41.41 Mn | 2.83% |
| 9 | Intercontinental Hotels | 115.49 Mn | -4.73 Bn | - | - |
| 10 | GreenTree Hospitality | 112.00 Mn | 4,368.01 Bn | 32.55 Mn | 12.59% |
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% |