H World Group Limited ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), H World Group Limited ADR reported revenue of $25.3B (+5.9% year on year) and net income of $5.1B (+64.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $25.3B | $23.9B | $21.9B | $13.9B |
| Hotel operating costs | $15.3B | $15.3B | $14.3B | $12.3B |
| Other operating costs | $61.0M | $31.0M | $34.0M | $62.0M |
| Selling and marketing expenses | $1.3B | $1.2B | $1.1B | $613.0M |
| General and administrative expenses | $2.3B | $2.5B | $2.1B | $1.7B |
| Pre-opening expenses | $41.0M | $50.0M | $35.0M | $95.0M |
| Total operating costs and expenses | $19.0B | $19.1B | $17.6B | $14.7B |
| Goodwill impairment loss | $0 | $0 | $4.0M | — |
| Other operating income, net | $485.0M | $359.0M | $404.0M | $549.0M |
| Income from operations | $6.8B | $5.2B | $4.7B | ($294.0M) |
| Interest income | $223.0M | $210.0M | $248.0M | $87.0M |
| Interest expense | $337.0M | $318.0M | $385.0M | $409.0M |
| Other income, net | $38.0M | $51.0M | $573.0M | $10.0M |
| Gain (loss) from fair value changes of equity securities, net | ($10.0M) | ($66.0M) | $109.0M | ($359.0M) |
| Foreign exchange gain (loss), net | $569.0M | ($272.0M) | $90.0M | ($641.0M) |
| Income before income taxes | $7.3B | $4.8B | $5.3B | ($1.6B) |
| Income tax expense | $2.2B | $1.7B | $1.2B | $207.0M |
| Loss from equity method investments | ($26.0M) | ($41.0M) | ($14.0M) | ($36.0M) |
| Net income | $5.1B | $3.1B | $4.1B | ($1.8B) |
| Less: net income attributable to noncontrolling interest | $35.0M | $54.0M | $46.0M | ($28.0M) |
| Net income attributable to H World Group Limited | $5.1B | $3.0B | $4.1B | ($1.8B) |
| (Loss) gain arising from defined benefit plan, net of tax of RMB(3), RMB0 and RMB2 for the year ended 2023, 2024 and 2025, respectively | $9.0M | $6.0M | ($9.0M) | $22.0M |
| Loss from fair value changes of debt securities, net of tax of RMB3, RMB13 and RMB3 for 2023, 2024 and 2025, respectively | ($8.0M) | ($38.0M) | ($12.0M) | $57.0M |
| Foreign currency translation adjustments, net of tax of nil for the years ended 2023, 2024 and 2025, respectively | ($184.0M) | $28.0M | $175.0M | $112.0M |
| Comprehensive income | $4.9B | $3.1B | $4.3B | ($1.7B) |
| Less: comprehensive income attributable to the noncontrolling interest | $35.0M | $54.0M | $46.0M | ($28.0M) |
| Comprehensive income attributable to H World Group Limited | $4.9B | $3.0B | $4.2B | ($1.6B) |
| Basic | $1.65 | $0.98 | $1.28 | -$0.59 |
| Diluted | $1.60 | $0.96 | $1.25 | -$0.59 |
| Basic (in shares) | 3.1B | 3.1B | 3.2B | 3.1B |
| Diluted (in shares) | 3.2B | 3.3B | 3.4B | 3.1B |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Total revenues | $13.1B | $11.8B | $11.4B | $10.0B |
| Hotel operating costs | $7.7B | $7.4B | $7.3B | $6.7B |
| Other operating costs | $42.0M | $22.0M | $15.0M | $17.0M |
| Selling and marketing expenses | $623.0M | $552.0M | $577.0M | $457.0M |
| General and administrative expenses | $1.3B | $1.2B | $1.1B | $902.0M |
| Pre-opening expenses | $29.0M | $15.0M | $27.0M | $21.0M |
| Total operating costs and expenses | $9.6B | $9.1B | $9.0B | $8.1B |
| Other operating income, net | $219.0M | $165.0M | $175.0M | $168.0M |
| Income from operations | $3.7B | $2.9B | $2.6B | $2.0B |
| Interest income | $120.0M | $101.0M | $107.0M | $101.0M |
| Interest expense | $139.0M | $165.0M | $167.0M | $224.0M |
| Other income (expense), net | ($28.0M) | $37.0M | $64.0M | $546.0M |
| Losses from fair value changes of equity securities, net | ($10.0M) | ($13.0M) | ($13.0M) | ($6.0M) |
| Foreign exchange gain (loss), net | ($117.0M) | $574.0M | ($116.0M) | $99.0M |
| Income before income taxes | $3.5B | $3.4B | $2.5B | $2.6B |
| Income tax expense | $1.2B | $942.0M | $702.0M | $502.0M |
| (Loss) gain from equity method investments | $36.0M | ($3.0M) | $1.0M | ($27.0M) |
| Net income | $2.4B | $2.5B | $1.7B | $2.0B |
| Less: net income attributable to noncontrolling interest | $6.0M | $20.0M | $23.0M | $31.0M |
| Net income attributable to H World Group Limited | $2.4B | $2.4B | $1.7B | $2.0B |
| Foreign currency translation adjustments, net of tax of nil for the six months ended June 30, 2025 and 2026 | ($81.0M) | ($124.0M) | ($30.0M) | $222.0M |
| Comprehensive income | $2.3B | $2.3B | $1.7B | $2.3B |
| Less: comprehensive income attributable to the noncontrolling interest | $6.0M | $20.0M | $23.0M | $31.0M |
| Comprehensive income attributable to H World Group Limited | $2.3B | $2.3B | $1.7B | $2.2B |
| Basic | $0.77 | $0.79 | $0.55 | $0.63 |
| Diluted | $0.74 | $0.77 | $0.54 | $0.62 |
| Basic (in shares) | 3.1B | 3.1B | 3.1B | 3.2B |
| Diluted (in shares) | 3.3B | 3.2B | 3.3B | 3.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $10.4B | $7.5B | $6.9B | $3.6B |
| Restricted cash | $146.0M | $50.0M | $764.0M | $1.5B |
| Short-term investments, including marketable securities measured at fair value of RMB 81 and RMB 69 as of December 31, 2024 and 2025, respectively | $4.9B | $3.6B | $2.2B | — |
| Accounts receivable, net | $723.0M | $817.0M | $755.0M | $1.1B |
| Loan receivables - current, net | $87.0M | $114.0M | $184.0M | $134.0M |
| Amounts due from related parties - current, net | $272.0M | $297.0M | $210.0M | — |
| Inventories | $57.0M | $60.0M | $59.0M | $70.0M |
| Other current assets, net | $870.0M | $800.0M | $949.0M | $809.0M |
| Total current assets | $17.4B | $13.2B | $12.1B | $9.2B |
| Property and equipment, net | $5.2B | $5.7B | $6.1B | $6.8B |
| Intangible assets, net | $5.0B | $4.8B | $5.3B | $5.3B |
| Operating lease right-of-use assets | $25.0B | $25.0B | $25.7B | $29.0B |
| Finance lease right-of-use assets | $2.4B | $2.3B | $2.2B | $2.0B |
| Land use rights, net | $155.0M | $174.0M | $181.0M | $199.0M |
| Long-term investments, including available-for-sale debt securities measured at fair value of RMB230 and RMB175 as of December 31, 2024 and 2025, respectively | $1.4B | $2.3B | $2.6B | $1.9B |
| Goodwill | $5.4B | $5.2B | $5.3B | $5.2B |
| Amounts due from related parties, net | $42.0M | $51.0M | $25.0M | $178.0M |
| Loan receivables, net | $132.0M | $190.0M | $163.0M | $124.0M |
| Other assets, net | $752.0M | $668.0M | $663.0M | $688.0M |
| Deferred income tax assets | $1.2B | $1.1B | $1.0B | $1.1B |
| Assets held for sale | $669.0M | $1.9B | $2.3B | — |
| Total assets | $64.8B | $62.6B | $63.5B | $61.5B |
| Short-term debt and current portion of long-term debt | $5.3B | $880.0M | $4.0B | $3.3B |
| Accounts payable | $1.0B | $983.0M | $1.0B | $1.2B |
| Amounts due to related parties | $129.0M | $74.0M | $77.0M | $71.0M |
| Salary and welfare payables | $1.2B | $1.2B | $1.1B | $657.0M |
| Deferred revenue | $1.8B | $1.8B | $1.6B | $1.3B |
| Operating lease liabilities, current | $3.5B | $3.5B | $3.6B | $3.8B |
| Finance lease liabilities, current | $59.0M | $50.0M | $45.0M | $41.0M |
| Accrued expenses and other current liabilities | $4.9B | $4.0B | $3.3B | $2.3B |
| Income tax payable | $1.2B | $813.0M | $562.0M | $500.0M |
| Total current liabilities | $19.1B | $13.3B | $17.4B | $13.1B |
| Long-term debt | $479.0M | $4.5B | $1.3B | $6.6B |
| Operating lease liabilities, non-current | $23.7B | $23.6B | $24.2B | $27.6B |
| Finance lease liabilities, non-current | $3.1B | $2.8B | $2.7B | $2.5B |
| Deferred revenue | $1.6B | $1.4B | $1.1B | $828.0M |
| Other long-term liabilities | $1.9B | $1.5B | $1.1B | $977.0M |
| Retirement benefit obligations | $109.0M | $111.0M | $124.0M | $110.0M |
| Deferred income tax liabilities | $1.2B | $919.0M | $845.0M | $858.0M |
| Liabilities held for sale | $671.0M | $2.1B | $2.5B | — |
| Total liabilities | $51.8B | $50.3B | $51.3B | $52.7B |
| Ordinary shares (US$0.00001 par value per share; 80,000,000,000 shares authorized; 3,105,094,690 and 3,098,323,810 shares issued as of December 31, 2024 and 2025, and 3,083,916,600 and 3,071,525,690 shares outstanding as of December 31, 2024 and 2025, respectively) | $0.00 | $0.00 | $0.00 | $0.00 |
| Treasury shares (21,178,090 and 26,798,120 shares as of December 31, 2024 and 2025, respectively) | -662.0M | -274.0M | -906.0M | -441.0M |
| Additional paid-in capital | $9.7B | $9.6B | $11.9B | $10.1B |
| Retained earnings | $3.6B | $2.4B | $794.0M | ($1.2B) |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 |
|---|---|---|---|---|
| Cash and cash equivalents | $14.2B | $10.1B | $7.8B | $7.3B |
| Restricted cash | $142.0M | $370.0M | $364.0M | $520.0M |
| Short-term investments, including marketable securities measured at fair value of RMB69 and RMB57 as of December 31, 2025 and June 30, 2026, respectively | $1.3B | $2.3B | $1.1B | $749.0M |
| Accounts receivable, net of allowance of RMB116 and RMB105 as of December 31, 2025 and June 30, 2026, respectively | $839.0M | $846.0M | $840.0M | $933.0M |
| Loan receivables - current, net of allowance of RMB45 and RMB45 as of December 31, 2025 and June 30, 2026, respectively | $74.0M | $103.0M | $163.0M | $126.0M |
| Amounts due from related parties, net of allowance of RMB36 and RMB36 as of December 31, 2025 and June 30, 2026, respectively | $104.0M | $255.0M | $258.0M | $131.0M |
| Inventories | $52.0M | $62.0M | $61.0M | $65.0M |
| Other current assets, net of allowance of RMB8 and RMB8 as of December 31, 2025 and June 30, 2026, respectively | $986.0M | $1.6B | $868.0M | $725.0M |
| Total current assets | $17.8B | $15.7B | $11.5B | $10.6B |
| Property and equipment, net | $5.0B | $5.5B | $5.9B | $6.4B |
| Intangible assets, net | $4.8B | $5.1B | $5.2B | $5.5B |
| Operating lease right-of-use assets | $24.9B | $25.1B | $25.8B | $28.9B |
| Finance lease right-of-use assets | $2.3B | $2.5B | $2.1B | $2.2B |
| Land use rights, net | $152.0M | $171.0M | $177.0M | $195.0M |
| Long-term investments, including available-for-sale debt securities measured at fair value of RMB175 and RMB158 as of December 31, 2025 and June 30, 2026, respectively | $1.4B | $2.3B | $2.5B | $2.2B |
| Goodwill | $5.3B | $5.5B | $5.3B | $5.3B |
| Amounts due from related parties, net of allowance of RMB1 and RMB1 as of December 31, 2025 and June 30, 2026, respectively | $35.0M | $51.0M | $21.0M | $16.0M |
| Loan receivables, net of allowance of RMB3 and RMB2 as of December 31, 2025 and June 30, 2026, respectively | $113.0M | $145.0M | $158.0M | $134.0M |
| Other assets, net of allowance of RMB13 and RMB13 as of December 31, 2025 and June 30, 2026, respectively | $761.0M | $716.0M | $672.0M | $664.0M |
| Deferred income tax assets | $1.1B | $1.1B | $1.0B | $1.1B |
| Total assets | $63.6B | $64.8B | $62.5B | $63.1B |
| Short-term debt and current portion of long-term debt | $911.0M | $6.6B | $315.0M | $4.8B |
| Accounts payable | $1.0B | $841.0M | $865.0M | $935.0M |
| Amounts due to related parties | $96.0M | $86.0M | $119.0M | $89.0M |
| Salary and welfare payables | $991.0M | $1.0B | $843.0M | $708.0M |
| Deferred revenue | $2.0B | $1.9B | $1.8B | $1.4B |
| Operating lease liabilities, current | $3.6B | $3.4B | $3.5B | $3.8B |
| Finance lease liabilities, current | $62.0M | $58.0M | $45.0M | $49.0M |
| Accrued expenses and other current liabilities | $4.9B | $4.6B | $3.6B | $3.3B |
| Income tax payable | $1.1B | $874.0M | $782.0M | $618.0M |
| Total current liabilities | $14.7B | $19.4B | $11.9B | $15.7B |
| Long-term debt | $3.3B | $777.0M | $5.2B | $1.1B |
| Operating lease liabilities, non-current | $23.5B | $23.8B | $24.3B | $27.5B |
| Finance lease liabilities, non-current | $2.9B | $3.2B | $2.6B | $2.7B |
| Deferred revenue | $1.7B | $1.5B | $1.2B | $936.0M |
| Other long-term liabilities | $2.1B | $1.8B | $1.2B | $1.1B |
| Retirement benefit obligations | $100.0M | $122.0M | $120.0M | $116.0M |
| Deferred income tax liabilities | $1.1B | $961.0M | $818.0M | $868.0M |
| Total liabilities | $49.4B | $52.5B | $49.7B | $50.0B |
| Ordinary shares (US$0.00001 par value per share; 80,000,000,000 shares authorized; 3,098,323,810 and 3,233,044,130 shares issued as of December 31, 2025 and June 30, 2026, 3,071,525,690 and 3,154,059,870 shares outstanding as of December 31, 2025 and June 30, 2026, respectively) | $0.00 | $0.00 | $0.00 | $0.00 |
| Treasury shares (26,798,120 and 78,984,260 shares as of December 31, 2025 and June 30, 2026, respectively) | -2.3B | -630.0M | -1.6B | -441.0M |
| Additional paid-in capital | $13.1B | $9.8B | $11.3B | $12.2B |
| Retained earnings | $3.1B | $2.8B | $2.5B | $805.0M |
| Accumulated other comprehensive income | $118.0M | $262.0M | $331.0M | $474.0M |
| Total H World Group Limited shareholders' equity | $14.1B | $12.2B | $12.6B | $13.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $5.1B | $3.1B | $4.1B | ($1.8B) |
| Share-based compensation | $420.0M | $322.0M | $143.0M | $87.0M |
| Depreciation and amortization | $1.3B | $1.3B | $1.4B | $1.5B |
| Deferred income taxes | $147.0M | $113.0M | $29.0M | ($268.0M) |
| Credit loss | ($18.0M) | $3.0M | $89.0M | $82.0M |
| Impairment loss | $242.0M | $537.0M | $516.0M | $491.0M |
| Loss from equity method investments, net of dividends | $81.0M | $97.0M | $72.0M | $85.0M |
| Foreign currency exchange (gain) loss | ($566.0M) | $263.0M | ($119.0M) | — |
| Investment income | ($98.0M) | ($13.0M) | ($806.0M) | $321.0M |
| Noncash lease expense | $2.2B | $2.3B | $2.2B | $2.3B |
| Others | ($131.0M) | $23.0M | $48.0M | — |
| Accounts receivable | $117.0M | ($95.0M) | $296.0M | ($621.0M) |
| Salary and welfare payables | ($38.0M) | $121.0M | $402.0M | $63.0M |
| Deferred revenue | $231.0M | $467.0M | $576.0M | ($19.0M) |
| Accrued expenses and other current liabilities | $936.0M | $752.0M | $1.1B | $507.0M |
| Operating lease liabilities | ($2.4B) | ($2.5B) | ($2.5B) | ($1.6B) |
| Income tax payable | $378.0M | $251.0M | $62.0M | $82.0M |
| Other long-term liabilities | $435.0M | $382.0M | $84.0M | $20.0M |
| Others, net | $21.0M | ($4.0M) | ($51.0M) | — |
| Net cash provided by operating activities | $8.4B | $7.5B | $7.7B | $1.6B |
| Purchases of property and equipment | ($828.0M) | ($883.0M) | ($894.0M) | ($1.0B) |
| Purchases of intangible asset | ($10.0M) | ($15.0M) | ($7.0M) | ($4.0M) |
| Purchases of investments | ($8.1B) | ($4.0B) | ($3.5B) | ($401.0M) |
| Proceeds from maturity/sale and return of investments | $7.8B | $2.6B | $3.0B | $937.0M |
| Origination of loan receivables | ($69.0M) | ($178.0M) | ($226.0M) | ($175.0M) |
| Collection of loan receivables | $153.0M | $217.0M | $137.0M | $212.0M |
| Other investing activities | $69.0M | $74.0M | $50.0M | — |
| Net cash used in investing activities | ($1.0B) | ($2.2B) | ($1.5B) | ($522.0M) |
| Net proceeds from issuance of ordinary shares upon exercise of options | 38.0M | — | — | — |
| Payment of repurchases of ordinary shares | -783.0M | -1.2B | -848.0M | -334.0M |
| Proceeds from short-term debt | $3.6B | $77.0M | $745.0M | $4.2B |
| Repayment of short-term debt | ($2.3B) | ($367.0M) | ($3.4B) | ($1.9B) |
| Repayment of long-term debt | ($850.0M) | ($140.0M) | ($2.3B) | ($2.4B) |
| Proceeds from long-term finance liabilities | $28.0M | $72.0M | $74.0M | $55.0M |
| Repayment of long-term finance liabilities | ($66.0M) | ($73.0M) | ($66.0M) | ($49.0M) |
| Dividends paid | ($3.9B) | ($3.5B) | — | ($416.0M) |
| Principal payments of finance lease | ($57.0M) | ($65.0M) | ($82.0M) | ($40.0M) |
| Other financing activities | ($32.0M) | ($136.0M) | ($94.0M) | — |
| Net cash used in financing activities | ($4.3B) | ($5.5B) | ($3.7B) | ($1.4B) |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | ($30.0M) | $30.0M | $164.0M | $297.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash, including cash and cash equivalents classified within assets held for sale | $3.0B | ($195.0M) | $2.6B | ($55.0M) |
| Less: net increase (decrease) in cash and cash equivalents classified within assets held for sale | ($7.0M) | ($9.0M) | $17.0M | — |
| Cash, cash equivalents and restricted cash at the beginning of the year | $7.5B | $7.7B | $5.1B | $5.1B |
| Cash, cash equivalents and restricted cash at the end of the year | $10.5B | $7.5B | $7.7B | $5.1B |
| Cash and cash equivalents | $10.4B | $7.5B | $6.9B | $3.6B |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Net income | $2.4B | $2.5B | $1.7B | $2.0B |
| Share-based compensation | $265.0M | $247.0M | $170.0M | $61.0M |
| Depreciation and amortization and other | $610.0M | $636.0M | $682.0M | $744.0M |
| Impairment loss | $66.0M | $38.0M | $36.0M | $80.0M |
| Loss from equity method investments, net of dividends | ($7.0M) | $57.0M | $41.0M | $83.0M |
| Investment (income) loss and foreign currency exchange (gain) loss | $316.0M | — | — | — |
| Changes in operating assets and liabilities | $113.0M | ($657.0M) | ($827.0M) | ($542.0M) |
| Others | ($122.0M) | ($20.0M) | $17.0M | $59.0M |
| Net cash provided by operating activities | $3.6B | $3.2B | $3.1B | $4.1B |
| Capital expenditures | ($349.0M) | ($429.0M) | ($484.0M) | ($393.0M) |
| Purchases of investments | ($2.9B) | ($2.8B) | ($886.0M) | ($962.0M) |
| Proceeds from maturity/sale and return of investments | $6.5B | $4.1B | $2.0B | $2.2B |
| Loan advances | ($32.0M) | ($24.0M) | ($64.0M) | ($75.0M) |
| Loan collections | $67.0M | $82.0M | $91.0M | $72.0M |
| Others | $5.0M | $15.0M | $56.0M | $5.0M |
| Net cash provided by investing activities | $3.3B | $996.0M | $694.0M | — |
| Payment of share repurchase | ($1.9B) | ($443.0M) | ($676.0M) | — |
| Proceeds from debt | $3.7B | $2.2B | $589.0M | $728.0M |
| Repayment of debt | ($1.8B) | ($923.0M) | ($429.0M) | ($5.0B) |
| Dividend paid | ($2.8B) | ($2.1B) | ($2.1B) | — |
| Other | ($39.0M) | ($30.0M) | ($46.0M) | ($71.0M) |
| Net cash used in financing activities | ($2.8B) | ($1.3B) | ($3.4B) | ($2.4B) |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | ($239.0M) | $90.0M | ($7.0M) | $181.0M |
| Net increase in cash and cash equivalents, and restricted cash, including cash classified within assets held for sale | $3.9B | $3.0B | $445.0M | $2.8B |
| Less: net decrease in cash and cash equivalents classified within assets held for sale | ($1.0M) | ($3.0M) | ($10.0M) | — |
| Cash, cash equivalents and restricted cash at the beginning of the period | $10.5B | $7.5B | $7.7B | $5.1B |
| Cash, cash equivalents and restricted cash at the end of the period | $14.4B | $10.5B | $8.2B | $7.8B |
| Cash and cash equivalents | $14.2B | $10.1B | $7.8B | $7.3B |
| Restricted cash | $142.0M | $370.0M | $364.0M | $520.0M |
| Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $14.4B | $10.5B | $8.2B | $7.8B |
| Interest paid | $88.0M | $78.0M | $87.0M | $151.0M |
| Income taxes paid | $1.3B | $889.0M | $467.0M | $396.0M |
| Purchases of property and equipment included in payables | $308.0M | $343.0M | $410.0M | $500.0M |
H World Group Limited ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.