InterContinental Hotels Group PLC (LON:IHG)

LON:IHG Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	5,329	5,189	4,923	4,624	3,892	2,318
Revenue Growth	2.70%	5.40%	6.47%	18.81%	67.90%	31.93%
Gross Profit Gross Profit Growth	3,249	3,214	3,007	2,835	2,330	1,037
Operating Income Operating Income Growth	1,261	1,213	1,046	1,025	699	503
Net Income Net Income Growth	714	758	628	750	375	266
Earnings Per Share EPS Growth	4.68	4.87	3.85	4.41	2.06	1.45
EPS Growth	-3.73%	26.27%	-12.67%	114.18%	42.46%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Franchise and Base Management Fees Franchise and Base Management Fees Growth	1,413	1,371	1,357	1,304	1,147	894
Incentive Management Fees Incentive Management Fees Growth	191	190	178	168	103	62
Central Fee Business Central Fee Business Growth	356	336	239	200	184	197
Revenue from Owned & Leased Hotels Revenue from Owned & Leased Hotels Growth	559	544	515	471	394	237
Revenue from Insurance Activities Revenue from Insurance Activities Growth	29	27	23	21	15	-
System Fund and Reimbursable Revenues System Fund and Reimbursable Revenues Growth	2,781	2,721	2,611	2,460	2,049	1,517
Revenue (Total) Revenue (Total) Growth	5,329	5,189	4,923	4,624	3,892	2,907

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	831	1,132	1,015	1,329	976	1,452
Total Debt Total Debt Growth	4,551	4,619	3,766	3,617	2,834	3,326
Net Cash (Debt) Net Cash Growth	-3,720	-3,487	-2,751	-2,288	-1,858	-1,874
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-24.40	-22.38	-16.88	-13.46	-10.21	-10.18

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	941	898	724	893	646	636
Capital Expenditures CapEx Growth	-27	-28	-29	-28	-54	-17
Free Cash Flow Free Cash Flow Growth	914	870	695	865	592	619
Free Cash Flow Growth	5.06%	25.18%	-19.65%	46.12%	-4.36%	462.73%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	60.97%	61.94%	61.08%	61.31%	59.87%	44.74%
Operating Margin	23.66%	23.38%	21.25%	22.17%	17.96%	21.70%
Pretax Margin	19.12%	20.70%	18.22%	21.84%	13.87%	15.57%
Profit Margin	13.40%	14.61%	12.76%	16.22%	9.63%	11.47%
FCF Margin	17.15%	16.77%	14.12%	18.71%	15.21%	26.70%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.354	1.845	1.676	1.523	1.384	0.859
Dividend Per Share Growth	11.72%	10.08%	10.05%	10.04%	61.12%	-
Dividend Yield	1.13%	1.33%	1.38%	1.76%	2.58%	1.45%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	34.04	28.00	31.33	19.74	26.64	43.98
Forward PE	26.14	25.51	25.85	22.54	19.69	40.45
P/FCF Ratio	25.09	24.39	28.31	17.12	16.88	18.90
PS Ratio	4.30	4.09	4.00	3.20	2.57	5.05

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Semi-annually

Last checked:

Aug 23, 2026

Data Sources Report a data error