HTHTNasdaqHotels & MotelsFiscal year ends December 31Also trades as HWLDF
H World Group Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$46.45−0.05 (-0.11%)
Close on Oct 19, 2026
H World Group Ltd revenue by segment
By business segment
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Legacy Huazhu | – | – | – | – | – | – | – | CN¥2.76B | CN¥3.16B | CN¥2.78B | – | – | – |
| Legacy DH | – | – | – | – | – | – | – | CN¥955.00M | CN¥930.00M | CN¥573.00M | – | – | – |
By product or service
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Central reservation system usage fees, other system maintenance and support fees | – | – | – | – | – | – | – | CN¥322.00M | CN¥418.00M | CN¥351.00M | – | – | – |
| Food and beverage revenues | – | – | – | – | – | – | – | CN¥297.00M | CN¥285.00M | CN¥219.00M | – | – | – |
| Initial one-time license/franchise fee | – | – | – | – | – | – | – | CN¥27.00M | CN¥27.00M | CN¥28.00M | – | – | – |
| Leased and owned hotels | – | – | – | – | – | – | – | CN¥2.45B | CN¥2.70B | CN¥2.09B | – | – | – |
| Franchise or manachise agreements | – | – | – | – | – | – | – | CN¥1.16B | CN¥1.31B | CN¥1.10B | – | – | – |
| On-going management and service/royalty fees | – | – | – | – | – | – | – | CN¥373.00M | CN¥410.00M | CN¥374.00M | – | – | – |
| Other fees | – | – | – | – | – | – | – | CN¥139.00M | CN¥185.00M | CN¥138.00M | – | – | – |
| Others | – | – | – | – | – | – | – | CN¥194.00M | CN¥69.00M | CN¥78.00M | – | – | – |
| Reimbursements for hotel manager fees | – | – | – | – | – | – | – | CN¥297.00M | CN¥273.00M | CN¥213.00M | – | – | – |
| Room revenues | – | – | – | – | – | – | – | CN¥1.96B | CN¥2.34B | CN¥1.80B | – | – | – |
| Others | – | – | – | – | – | – | – | CN¥98.00M | CN¥85.00M | CN¥151.00M | – | – | – |
By region
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All others | – | – | – | – | – | – | – | CN¥209.00M | CN¥211.00M | CN¥112.00M | – | – | – |
| Germany | – | – | – | – | – | – | – | CN¥741.00M | CN¥728.00M | CN¥464.00M | – | – | – |
| China | – | – | – | – | – | – | – | CN¥2.76B | CN¥3.15B | CN¥2.77B | – | – | – |
From the segment and revenue-disaggregation notes of H World's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.