H World Group (ADR)
Runs hotel brands through a franchise-heavy platform centered on China and international expansion.
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Profile
Operates economy-to-luxury hotel brands, primarily in China, with an international arm built around Deutsche Hospitality. Revenue comes from franchise and manachise fees as well as leased and owned hotels, supported by H Rewards, direct reservations and proprietary operating technology.
Runs an economy-to-luxury hotel portfolio led by HanTing, JI, Orange and Crystal Orange in China, alongside Steigenberger, IntercityHotel and Zleep Hotels in international markets. Properties operate through leased and owned, manachised, and franchised models.
Combines brand standards with H Rewards, reservations, revenue management, procurement and proprietary hotel technology. Franchise-heavy expansion lets partners supply much of the property base while the platform supports distribution, training and operating consistency.
Most of the network is tied to China, with Deutsche Hospitality providing the international arm. Operations depend on franchise and manachise partners, Chinese travel demand, direct-member distribution, data security, the acquired international business and compliance with PRC and cross-border regulation.
Company facts
Categories
Key statistics
Year to date −0.4% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Mar 9, 2026 | UBS | Upgrade | Neutral | Buy | $62.40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 17, 2026Q2 FY26 | $0.74 | $0.78 | +5.4% | $998.9M | $1.05B | +4.9% | +11.29% |
| May 15, 2026Q1 FY26 | $0.46 | $0.49 | +6.5% | $837.1M | $869.0M | +3.8% | −1.17% |
| Mar 18, 2026Q4 FY25 | $0.41 | $0.58 | +41.5% | $914.9M | $932.8M | +2.0% | +0.70% |
| Nov 17, 2025Q3 FY25 | $0.64 | $0.67 | +4.7% | $894.9M | $977.7M | +9.3% | +0.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $802.7M | $956.1M | $1.04B | $957.5M | $886.8M | $1.06B | |
| Gross profit | $266.5M | $397.9M | $431.3M | $382.1M | $343.7M | $455.2M | |
| Operating income | $161.0M | $265.9M | $304.7M | $246.5M | $221.1M | $306.1M | |
| Net income | $133.0M | $229.7M | $218.6M | $172.1M | $120.8M | $234.0M | |
| Diluted EPS | $0.42 | $0.71 | $0.68 | $0.54 | $0.37 | $0.71 | |
| Gross margin | 33.2% | 41.6% | 41.6% | 39.9% | 38.8% | 43.1% | |
| Operating margin | 20.1% | 27.8% | 29.4% | 25.7% | 24.9% | 29.0% |
Fiscal years (4-quarter sums)FY21 $1.90B · FY22 $2.06B · FY23 $3.26B · FY24 $3.55B · FY25 $3.75B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $2.34B · Total debt $5.10B · Total assets $9.47B · Shareholders' equity $2.10B
Dividends
Last raised to $1.30 from $0.81 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 4, 2026 | May 4 | May 20 | $1.30 | raised from $0.81 |
| Sep 9, 2025 | Sep 9 | Sep 26 | $0.81 | cut from $0.97 |
| Apr 9, 2025 | Apr 9 | Apr 30 | $0.97 | raised from $0.63 |
| Aug 14, 2024 | Aug 14 | Sep 3 | $0.63 | |
| Dec 20, 2023 | Dec 21 | Jan 17 | $0.93 | special dividend |
| Mar 23, 2022 | Mar 24 | Apr 21 | $0.21 | special dividend |
Ownership
Shares outstanding 307.15M · Float —
Float — provider float is below the insider stake.
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Schroder Investment Management Group | 14.94M | 4.86% | 13F | Aug 13, 2026 |
| Capital International Investors | 12.47M | 4.06% | 13F | Aug 12, 2026 |
| JPMorgan Chase & Co | 12.21M | 3.98% | 13F | Aug 12, 2026 |
| Invesco Ltd. | 10.16M | 3.31% | 13F | Aug 14, 2026 |
| Mitsubishi UFJ Trust & Banking Corp | 9.12M | 2.97% | 13F | Aug 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 20, 2026 | Theng Fong Hee | director | −31,640 | $50.96 |
Peers
- Atour Lifestyle (ADR)
China-focused upper-midscale hotel chain with a lifestyle retail arm
- Marriott International
Competes in China lodging, owner platforms and hotel loyalty
- Hilton
Global hotel platform spanning focused-service through luxury brands
- InterContinental Hotels Group (ADR)
Global hotel franchisor competing across China, Europe and loyalty
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| H World Group (ADR) | $47.82 | +0.03% | $14.69B | 20.7 | 23.4 | 3.7 | +17.0% |
| Atour Lifestyle (ADR) | $35.89 | +1.04% | $4.91B | 16.9 | 19.4 | 2.8 | +49.2% |
| Marriott International | $351.16 | +0.01% | $91.55B | 36.7 | 28.6 | 3.4 | +4.9% |
| Hilton | $321.53 | −0.16% | $72.44B | 47.3 | 33.6 | 5.8 | +6.5% |
| InterContinental Hotels Group (ADR) | $162.38 | +0.05% | $23.99B | 34.0 | — | 4.5 | +4.7% |
| Median | 35.4 | 28.6 | 4.0 | +5.7% |