H World (HTHT) Operating Margin (2009 - 2026)
H World's Operating Margin was 31.05% in the quarter ended Jun 30, 2026, up 3.18 percentage points from 27.87% a year earlier and up 6.11 percentage points from the prior quarter.
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Analysis
H World (HTHT) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, H World's Operating Margin was 28.79% through Jun 30, 2026, up 6.13 percentage points year-over-year; for the year ended Dec 31, 2025, it was 26.95%, up 5.17 percentage points from the prior year.
- Operating Margin has now increased for three consecutive years, with a five-year change of +43.39 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was 21.78% in the year ended Dec 31, 2024 (+0.30 pp), 21.48% in the year ended Dec 31, 2023 (+23.62 pp), -2.14% in the year ended Dec 31, 2022 (-3.44 pp) and 1.30% in the year ended Dec 31, 2021 (+17.74 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Operating Margin in data going back to the quarter ended Jun 30, 2009.
- Compared with a year earlier, Operating Margin has increased for seven straight quarters, with an average year-over-year change of +3.27 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Mar 31, 2023 (a gain of 41.35 percentage points); the worst was the quarter ended Jun 30, 2022 (a drop of 17.25 percentage points).
- Per Business Quant data, HTHT's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was 24.94% (quarter ended Mar 31, 2026), 29.15% (quarter ended Dec 31, 2025) and 29.45% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 17.38% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 25.68% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 27.05% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 29.40% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 12.77% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -9.36% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -71.84% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 31.05% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 22.15% |
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% |
API Access
H World Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HTHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HTHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HTHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();