EarningsQ2 2026 Earnings Report
MX:IHGN Q2 2026 EPS Results
Actual EPS$32.71
Consensus EPS$43.94
Beat/MissMissed by -$11.23
One Year Ago EPS$34.19
MX:IHGN Q2 2026 Revenue Results
Actual Revenue$48.65B
Expected Revenue$49.44B
Beat/MissMissed by -$798.56M
YoY Revenue Growth+5.56%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeBefore Open
Conference CallTuesday, August 11, 2026
MX:IHGN Upcoming Earnings
InterContinental Hotels's next earnings date is estimated for February 23, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial and operational progress: RevPAR growth, margin expansion, record development and robust cash generation alongside significant returns to shareholders and clear momentum in loyalty and technology. Challenges were acknowledged—most notably regional impacts from the Middle East conflict, a short-term slowdown in Greater China in Q2, a timing-related gap between system growth and fee recognition, and some front‑loaded central investments—but management described these as temporary or controlled. On balance, the positives (broad-based revenue and profit growth, margin accretion, record system growth, strong cash conversion, and strategic progress on loyalty and AI) materially outweigh the headwinds.Company Guidance
Revenue and Profit Growth
Reportable segment revenue rose 7% to $1.255 billion and EBIT increased 10% to $655 million; fee business revenue grew 7% to $971 million and fee business operating profit rose 8% to $640 million.
EPS, Dividend and Capital Returns
Adjusted earnings per share increased 13% to $2.747; interim dividend raised 10% to $0.645; $950 million share buyback program announced (42% complete at half-year) with over $1.2 billion expected to be returned to shareholders in 2026 and more than $5 billion returned since 2022.
RevPAR and Demand Drivers
Global RevPAR grew 4.1% in H1 with occupancy up 1 percentage point and ADR up 2.5%; Q2 RevPAR grew 3.5%; all three demand drivers grew globally in H1 (Groups +6%, Business +2%, Leisure +3%).
Record Development and System Growth
Opened 31,500 rooms across 197 hotels in H1 delivering gross system growth of 6.5% and net system growth of 5%; signings totaled 49,200 rooms across 352 hotels with organic openings and signings up 8% year-on-year.
Fee Margin Expansion
Fee margin expanded by 120 basis points to 65.9% (in line with the medium–long term target of 100–150 bps annual accretion); regionally Americas +150 bps to 84.2%, EMEAA +400 bps to 69.8%, Greater China +460 bps to 62.5%.
Strong Cash Generation and Balance Sheet Discipline
Adjusted free cash flow was $360 million (up $58 million vs prior year), cash conversion on a trailing 12-month basis remained above 100%, and leverage expected to remain within target 2.5–3x net debt/EBITDA.
Loyalty and Digital Momentum
IHG One Rewards exceeded 160 million members; loyalty penetration rose to ~67% of room nights globally (73% in the U.S.), milestone rewards selected +7% YoY, app visits +9%, and 65% of elite members used the app in the last 12 months.
Technology and AI Progress
Enterprise tech investments advanced: AI-enhanced revenue management rolled out, new cloud PMS planned in 4,000 hotels by end-2026, ChatGPT plug-in launched, natural language search and cloud CRM pilot underway to drive distribution and owner value.
MX:IHGN 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