H World (HWLDF) Gross Margin (2009 - 2026)

H World (HWLDF) reported Gross Margin of 94.75% for Q1 2026, down 51.0% year-over-year from 193.37% in Q1 2025, and up 0.57% quarter-over-quarter from 94.21% in Q4 2025.

H World (HWLDF) Gross Margin (2009 - 2026) Analysis & Trends

H World (HWLDF) has 18 years of Gross Margin data on file, last reported at 94.75% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 94.75%, down 51.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 94.82% (down 32.0% YoY), and the FY2025 annual result was 39.36%, down 5572.0% from the prior year.
  • Gross Margin advanced to 94.75% in Q1 2026 per HWLDF's latest filing, from 94.21% in the prior quarter.
  • Over five years, Gross Margin peaked at 96.32% in Q3 2023 and troughed at 94.15% in Q4 2023.
  • A 5-year average of 95.25% and a median of 95.27% in 2022 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 120 bps in 2023, then jumped 100 bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 95.34% in 2022, then declined by 1 bps to 94.15% in 2023, then advanced by 1 bps to 95.15% in 2024, then declined by 1 bps to 94.21% in 2025, then advanced by 1 bps to 94.75% in 2026.
  • Business Quant data shows HWLDF's Gross Margin at 94.75% in Q1 2026, 94.21% in Q4 2025, and 95.09% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Marriott International 106.28 Bn 105.82 Bn 6.38 Bn 95.81%
2 Hilton Worldwide Holdings 80.50 Bn 79.97 Bn - -
3 Intercontinental Hotels 26.35 Bn 25.21 Bn - -
4 Hyatt Hotels 18.67 Bn 18.32 Bn 1.75 Bn 100.00%
5 Wyndham Hotels & Resorts 6.42 Bn 6.34 Bn 302.00 Mn 92.35%
6 Choice Hotels International 5.30 Bn 5.26 Bn 316.92 Mn 93.06%
7 Atour Lifestyle Holdings 2.06 Bn -359.74 Bn 241.80 Mn 59.33%
8 Civeo 370.36 Mn 353.81 Mn 40.16 Mn 23.26%
9 GreenTree Hospitality 5.49 Mn -227.74 Mn 26.57 Mn 81.27%
10 H World - - 824.36 Mn 94.75%

Historic Data

Download Data
DateValue
Mar 31, 2026 94.75%
Dec 31, 2025 94.21%
Sep 30, 2025 95.09%
Jun 30, 2025 95.21%
Mar 31, 2025 95.26%
Dec 31, 2024 95.15%
Sep 30, 2024 95.32%
Jun 30, 2024 94.80%
Mar 31, 2024 96.00%
Dec 31, 2023 94.15%
Sep 30, 2023 96.32%
Jun 30, 2023 95.28%
Mar 31, 2023 95.71%
Dec 31, 2022 95.34%
Sep 30, 2022 95.48%
Jun 30, 2022 95.83%
Mar 31, 2022 95.27%
Dec 31, 2021 94.49%
Sep 30, 2021 94.64%
Jun 30, 2021 95.50%