H World Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	24,639	23,341	21,490	13,553	12,522
Other Revenue	668	550	392	309	263
Revenue	25,307	23,891	21,882	13,862	12,785
Revenue Growth (YoY)	5.93%	9.18%	57.86%	8.42%	25.39%
Cost of Revenue	14,149	15,285	14,341	12,260	11,282
Gross Profit	11,158	8,606	7,541	1,602	1,503
Selling, General & Admin	3,532	3,684	3,158	2,288	2,254
Other Operating Expenses	-424	-328	-370	-487	-928
Operating Expenses	4,339	3,406	2,823	1,896	1,339
Operating Income	6,819	5,200	4,718	-294	164
Interest Expense	-337	-318	-385	-409	-405
Interest & Investment Income	223	210	248	87	89
Earnings From Equity Investments	-26	-41	-14	-36	-60
Currency Exchange Gain (Loss)	569	-272	90	-641	-317
Other Non Operating Income (Expenses)	38	51	573	10	157
EBT Excluding Unusual Items	7,286	4,830	5,230	-1,283	-372
Impairment of Goodwill	-	-	-4	-	-
Gain (Loss) on Sale of Investments	-10	-66	109	-359	-96
Pretax Income	7,276	4,764	5,335	-1,642	-468
Income Tax Expense	2,161	1,662	1,204	207	12
Earnings From Continuing Operations	5,115	3,102	4,131	-1,849	-480
Minority Interest in Earnings	-35	-54	-46	28	15
Net Income	5,080	3,048	4,085	-1,821	-465
Net Income to Common	5,080	3,048	4,085	-1,821	-465
Net Income Growth	66.67%	-25.39%	-	-	-
Shares Outstanding (Basic)	307	312	318	311	311
Shares Outstanding (Diluted)	325	328	335	311	311
Shares Change (YoY)	-0.94%	-2.18%	7.72%	-0.09%	6.38%
EPS (Basic)	16.54	9.78	12.83	-5.85	-1.49
EPS (Diluted)	16.00	9.64	12.55	-5.90	-1.50
EPS Growth	65.99%	-23.18%	-	-	-
Free Cash Flow	7,541	6,635	6,780	515	-316
Free Cash Flow Per Share	23.22	20.24	20.23	1.66	-1.01
Dividend Per Share	14.758	11.679	4.396	-	-
Dividend Growth	26.37%	165.64%	-	-	-
Gross Margin	44.09%	36.02%	34.46%	11.56%	11.76%
Operating Margin	26.95%	21.77%	21.56%	-2.12%	1.28%
Profit Margin	20.07%	12.76%	18.67%	-13.14%	-3.64%
Free Cash Flow Margin	29.80%	27.77%	30.98%	3.72%	-2.47%
EBITDA	8,009	6,532	6,132	1,162	1,667
EBITDA Margin	31.65%	27.34%	28.02%	8.38%	13.04%
D&A For EBITDA	1,190	1,332	1,414	1,456	1,503
EBIT	6,819	5,200	4,718	-294	164
EBIT Margin	26.95%	21.77%	21.56%	-2.12%	1.28%
Effective Tax Rate	29.70%	34.89%	22.57%	-	-
Revenue as Reported	25,307	23,891	21,882	13,862	12,785

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.