EarningsQ2 2026 Earnings Report
MX:HTHTN Q2 2026 EPS Results
Actual EPS$14.17
Consensus EPS$13.70
Beat/MissBeat by +$0.47
One Year Ago EPS$11.36
MX:HTHTN Q2 2026 Revenue Results
Actual Revenue$18.79B
Expected Revenue$18.18B
Beat/MissBeat by +$608.10M
YoY Revenue Growth+17.76%
Earnings Announcement Details
QuarterQ2 2026
Date08/17/2026
TimeBefore Open
Conference CallMonday, August 17, 2026
MX:HTHTN Upcoming Earnings
H World Group's next earnings date is estimated for November 25, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HTHTN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated solid, broad-based financial and operational progress driven by China's recovery and successful asset-light expansion: double-digit revenue growth in China, strong adjusted EBITDA and net income growth, robust franchise/manachise performance, ADR and RevPAR improvements, and continued brand momentum. Offsetting these positives were international challenges — HWI RevPAR decline, occupancy weakness, a drop in international revenue due to a leased-hotel closure, geopolitical impacts in the Middle East, weather-related demand volatility, and a year-over-year dip in first-half openings. On balance, highlights meaningfully outweigh lowlights, reflecting strong domestic execution and improving profitability while international and short-term demand headwinds persist.Company Guidance
Group Revenue Growth
Group revenue increased 10.8% year-over-year to RMB 7.1 billion in Q2 2026, driven primarily by strong performance in China.
China Revenue and Network Expansion
China revenue grew 14.9% year-over-year to RMB 5.9 billion. Rooms in operation in China rose 12.7% year-over-year and hotel GMV grew 13.2% year-over-year to RMB 30.5 billion. Hotels in operation in China totaled 13,417 and hotels in pipeline reached 3,054, covering 1,468 cities.
Adjusted EBITDA and Margin Expansion
Adjusted EBITDA rose 20.0% year-over-year to RMB 2.7 billion, with adjusted EBITDA margin expanding by 3 percentage points to 38.3%, reflecting stronger contribution from asset-light businesses and disciplined G&A control.
Adjusted Net Income Improvement
Adjusted net income increased 26.9% year-over-year to RMB 1.7 billion, and adjusted net income margin improved by 3 percentage points to 24.0%.
Manachise & Franchise (M&F) Business Strength
M&F revenue grew 25.2% year-over-year to RMB 3.6 billion and M&F gross operating profit increased 18.5% year-over-year to RMB 2.2 billion, underscoring successful asset-light scale and profitability expansion.
ADR and RevPAR Recovery in China
China ADR increased 2.6% year-over-year in Q2, marking the fourth consecutive quarter of positive ADR growth and contributing to a 1.1% year-over-year increase in RevPAR.
Brand and Product Recognition
JI Hotel moved to #1 globally and Hanting to #2 in single-branded room counts (Hotel 2025 rankings); Orange Hotel rose to #26 globally. Hanting 3.5+ penetration exceeded 55% and Hanting 4.0 rollout demonstrated meaningful RevPAR uplift.
Upper Mid-Scale Progress
Upper mid-scale brands (Intercity, Grand JI, Crystal, Mercure) had 1,738 hotels in operation and in pipeline, up 13.4% year-over-year, with Grand JI pipeline exceeding 20 hotels and initial openings in prime cities.
Cost Discipline
Hotel operating costs rose 7.4% year-over-year and SG&A rose 6.1% year-over-year—both increases were slower than revenue growth, supporting margin expansion.
Shareholder Returns and Balance Sheet
Completed 2024 shareholder return one year early; Board approved a new 3-year shareholder return plan totaling USD 2.5 billion and declared an initial ordinary cash dividend of approximately USD 275 million, supported by healthy operating cash flow and strong balance sheet.
Employee Base and ESG Initiatives
Total employees exceeded 260,000 as of end-June; company highlighted energy-saving initiatives, talent development, and social welfare programs as part of corporate responsibility efforts.
Selective International Strength (Europe)
HWI Europe segment delivered a solid performance with RevPAR up 1.1% year-over-year in Q2 despite broader international headwinds.
MX:HTHTN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed