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
DateValue
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%