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
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	15,339	15,285	14,341	12,260	11,282
Gross Profit	9,968	8,606	7,541	1,602	1,503
Selling, General & Admin	3,532	-3,684	-3,158	-2,288	-2,186
Depreciation & Amortization Expenses	1,190	1,254	1,329	-	-
Other Operating Expenses	-383	-440	-469	-706	-1,125
Total Operating Expenses	4,339	-2,870	-2,298	-2,994	-3,311
Operating Income	6,819	5,200	4,714	-294	164
Interest Income	223	210	248	87	89
Interest Expense	-337	318	385	409	405
Other Non-Operating Income (Expense)	597	-287	862	-990	-256
Total Non-Operating Income (Expense)	483	241	1,495	-494	238
Pretax Income	7,302	4,805	5,349	-1,606	-408
Provision for Income Taxes	2,161	-1,662	-1,204	-207	-12
Net Income	5,080	3,048	4,085	-1,821	-465
Minority Interest in Earnings	131	203	152	8	45
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)	16.50	9.80	12.80	-5.90	-1.50
EPS (Diluted)	16.00	9.60	12.50	-5.90	-1.50
EPS Growth	66.67%	-23.20%	-	-	-
Shares Outstanding	307.15	308.39	315.91	311.24	312.08
Free Cash Flow	6,713	5,737	5,879	515	-316
Free Cash Flow Growth	17.01%	-2.42%	1041.55%	-	-
Free Cash Flow Per Share	20.67	17.50	17.54	1.66	-1.01
Dividends Per Share	14.758	11.679	4.396	-	-
Dividend Growth	26.37%	165.64%	-	-	-
Gross Margin	39.39%	36.02%	34.46%	11.56%	11.76%
Operating Margin	26.95%	21.77%	21.54%	-2.12%	1.28%
Profit Margin	20.31%	27.07%	29.95%	-10.09%	-3.10%
FCF Margin	26.53%	24.01%	26.87%	3.72%	-2.47%
EBITDA	8,076	6,532	6,128	1,162	1,667
EBITDA Margin	31.91%	27.34%	28.00%	8.38%	13.04%
EBIT	6,819	5,200	4,714	-294	164
EBIT Margin	26.95%	21.77%	21.54%	-2.12%	1.28%
Effective Tax Rate	29.59%	-34.59%	-22.51%	12.89%	2.94%

Updated Mar 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q