Jun 2026 (Q2 FY26) — Aug 17, 2026
H World Group Q2 FY26 — Strong Asset-Light Growth and Shareholder Returns
Read the full callH World Group earnings: last reported Mon, 17 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 582 | Quarterly, as filed | Quarter to Dec 2022 | Revenue from operations as filed. No quarter a year earlier is in the series, so no change is shown. | |
| Operating margin | -2.4 | Operating profit / revenue | Quarter to Dec 2022 | For the quarter; a change is in percentage points. No quarter a year earlier is in the series, so no change is shown. | |
| Net profit | -24.0 | Quarterly, as filed | Quarter to Dec 2022 | Profit after tax as filed. No quarter a year earlier is in the series, so no change is shown. |
Price
1Y: $37.79 on 17 Oct 2025 → $46.45. High $56.06 (26 Feb 2026), low $37.79 (17 Oct 2025).
Overview
Call summaries
H World Group Q2 FY26 — Strong Asset-Light Growth and Shareholder Returns
Read the full callH World Group Q1 FY26 — Strong Network Expansion and Profit Growth
Read the full callH World Group Q4 FY25 — Strong Financials and DH Turnaround Drive Growth
Read the full callEvery analysed call
Financials
| Line item | Dec 2022 |
|---|---|
| Sales | 582 |
| Expenses | 636 |
| Operating profit | -14 |
| Operating margin | −2.4% |
| Interest | 18 |
| Profit before tax | 5 |
| Tax rate | 580.0% |
| Net profit | -24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 380 | 532 | 230 | 163 | -174 | 112 | 336 | 517 |
| Total liabilities | 2,571 | 6,533 | 8,233 | 8,195 | 7,641 | 7,223 | 6,889 | 7,410 |
| Fixed assets | 730 | 841 | 1,024 | 1,107 | 984 | 859 | 778 | 748 |
| Investments | — | — | — | — | 1,788 | 308 | 494 | 700 |
| Total assets | 3,490 | 7,611 | 9,985 | 9,927 | 8,918 | 8,948 | 8,570 | 9,263 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 444 | 473 | 93 | 210 | 227 | 1,080 | 1,030 | 1,198 |
| Cash from investing | -923 | -41 | -1,240 | -219 | -76 | -207 | -307 | -149 |
| Cash from financing | 618 | 868 | 134 | -283 | -201 | -523 | -754 | -616 |
| Net cash flow | 136 | 1,309 | -1,058 | -306 | -7 | 372 | -27 | 429 |
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Properties HWC | 13.095KBy the end of first quarter, HWC hotel operation totaled 13,095 and we have another 2,865 hotels in the pipeline.Source: earnings call transcript | 13.417KAs of end June, we had 13,417 hotels in operation in China.Source: earnings call transcript | +2.5% |
| Properties HWC pipeline | 2,865By the end of first quarter, HWC hotel operation totaled 13,095 and we have another 2,865 hotels in the pipeline.Source: earnings call transcript | 3,054As of end June, hotels in pipeline increased both year-over-year and quarter-over-quarter, reached 3,054.Source: earnings call transcript | +6.6% |
| Properties Upper-midscale in operation and in pipeline | 1,658At the end of first quarter, the number of our upper-midscale hotels in operation and in pipeline reached 1,658, up 14.4% year-over-year.Source: earnings call transcript | 1,738As of end June, H World China's upper mid-scale brands and 1,738 hotels in operation and in pipeline, up 13.4% year-over-year.Source: earnings call transcript | +4.8% |
| Stores HWC gross openings | 537So on the hotel HWC, we grossly opened 537 hotels, which is at a relatively high low compared to historical performance.Source: earnings call transcript | 498So on the overall new hotel network expansion, in the second quarter, we opened 498 hotels.Source: earnings call transcript | -7.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
20 filings between Mar 20, 2026 and Sep 28, 2026.
Purchases
None
No insider bought shares.
Sales
$1.61M
1 sale by 1 insider
Also filed: 1 disposition to issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hee Theng Fong | — | $1.61M | Mar 20, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 28, 2026 | Jin Hui Chief Executive Officer | Tax withheld | 26,890 | $1.16M |
| Sep 26, 2026 | Jin Hui Chief Executive Officer | Option exercise | 107,660 | — |
| Sep 2, 2026 | WU JOHN JIONG Director | Disposition to issuer | 9,784,090 | $45.39M |
| Aug 15, 2026 | Leverenz Justin Martin Director | Option exercise | 164,050 | — |
| Aug 15, 2026 | WU JOHN JIONG Director | Option exercise | 65,620 | — |
| Aug 15, 2026 | Zhang Yi Director | Option exercise | 65,620 | — |
| Jul 20, 2026 | Hee Theng Fong Director | Option exercise | 31,640 | — |
| Jun 30, 2026 | Cao Lei Director | Tax withheld | 6,260 | $270.9K |
| Jun 30, 2026 | Cao Lei Director | Tax withheld | 11,320 | $489.8K |
| Jun 28, 2026 | Cao Lei Director | Option exercise | 30,750 | — |
| Jun 28, 2026 | Cao Lei Director | Option exercise | 30,010 | — |
| Jun 2, 2026 | Jin Hui Chief Executive Officer | Tax withheld | 390,180 | $17.31M |
| Jun 2, 2026 | Jin Hui Chief Executive Officer | Tax withheld | 570,200 | $25.30M |
| May 31, 2026 | Jin Hui Chief Executive Officer | Option exercise | 1,564,130 | — |
| May 31, 2026 | Jin Hui Chief Executive Officer | Option exercise | 950,030 | — |
| May 31, 2026 | JI QI Director | Option exercise | 1,005,670 | — |
| May 15, 2026 | Zheng Jie Director | Option exercise | 307,850 | — |
| Mar 27, 2026 | Jin Hui Chief Executive Officer | Tax withheld | 31,200 | $1.57M |
| Mar 26, 2026 | Jin Hui Chief Executive Officer | Option exercise | 147,850 | — |
| Mar 20, 2026 | Hee Theng Fong Director | Sale | 31,640 | $1.61M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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