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

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

H World (HWLDF) has 18 years of Operating Margin data on file, last reported at 24.94% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 24.94%, up 492.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.92% (up 593.0% YoY), and the FY2025 annual result was 26.95%, up 517.0% from the prior year.
  • Operating Margin retreated to 24.94% in Q1 2026 per HWLDF's latest filing, from 29.15% in the prior quarter.
  • Over five years, Operating Margin peaked at 30.43% in Q3 2023 and troughed at 26.48% in Q1 2022.
  • A 5-year average of 16.75% and a median of 20.03% in 2025 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 1725 bps in 2022, then jumped 4135 bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 2.42% in 2022, then surged by 657 bps to 13.49% in 2023, then gained by 11 bps to 14.91% in 2024, then soared by 96 bps to 29.15% in 2025, then decreased by 14 bps to 24.94% in 2026.
  • Business Quant data shows HWLDF's Operating Margin at 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 Marriott International 106.28 Bn 105.82 Bn 6.38 Bn 15.99%
2 Hilton Worldwide Holdings 80.50 Bn 79.97 Bn - 23.08%
3 Intercontinental Hotels 26.35 Bn 25.21 Bn - -
4 Hyatt Hotels 18.67 Bn 18.32 Bn 1.75 Bn 6.75%
5 Wyndham Hotels & Resorts 6.42 Bn 6.34 Bn 302.00 Mn 34.86%
6 Choice Hotels International 5.30 Bn 5.26 Bn 316.92 Mn 17.63%
7 Atour Lifestyle Holdings 2.06 Bn -359.74 Bn 241.80 Mn 23.58%
8 Civeo 370.36 Mn 353.81 Mn 40.16 Mn 1.81%
9 GreenTree Hospitality 5.49 Mn -227.74 Mn 26.57 Mn -28.38%
10 H World - - 824.36 Mn 24.94%

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%