NASDAQ$HTHT
Huazhu Group Ltd-ADR · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
H World Group Q1 revenue up 11% to RMB 6.0B as network reaches 13,215 hotels
H World Group reported Q1 2026 revenue of RMB 6.0 billion, up 11.1% year over year, with manachised and franchised revenue rising 20.3% to RMB 3.0 billion. Net income attributable to shareholders was RMB 817 million versus RMB 894 million in Q1 2025, while income from operations grew 37.5% to RMB 1.5 billion and operating margin expanded to 24.8%. Adjusted EBITDA was RMB 1.9 billion and the company operated 13,215 hotels with 1,303,563 rooms, opening 537 hotels in China during the quarter. Blended HWC RevPAR rose 3.0% year over year to RMB 214 with occupancy of 75.1%.
- Revenue rose 11.1% to RMB 6.0B; M&F revenue increased 20.3% to RMB 3.0B on network expansion.
- Net income attributable to H World was RMB 817M; basic EPS was RMB 0.27 and adjusted EPS RMB 0.35.
- Operating margin improved to 24.8% from 20.1% as asset-light M&F mix increased.
- Global network reached 13,215 hotels and 1.3M rooms; HWC opened 537 hotels in Q1.
- Blended HWC RevPAR increased 3.0% year over year to RMB 214; hotel turnover rose 17.4% to RMB 26.4B.
Headline financials
Revenue & EPS history
Huazhu · Revenue · Quarterly
¥6B
Forward guidance
Management expects roughly 2,200–2,300 gross hotel openings in China for full-year 2026 and continues asset-light expansion with improving RevPAR trends.
Tailwinds
- On track for approximately 2,200–2,300 gross openings in China this year.
- HWC blended RevPAR up 3.0% year over year with ADR up 4.5%.
Headwinds
- Net income down 8.6% year over year due to a 10.0% decline in HWC earnings.
- Same-hotel RevPAR for mature HWC hotels fell 2.3% year over year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.4%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.4%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+15.1%
Q1 2015
Best reaction
-15.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +2.6% | — | |
| Q3 2025 | +2.7% | +0.3% | +8.6% | |
| Q2 2025 | +5.3% | +6.9% | +16.3% | |
| Q1 2025 | -1.7% | -2.3% | -10.2% | |
| Q4 2024 | -0.9% | -1.9% | -9.4% | |
| Q3 2024 | -8.9% | -8.5% | -3.3% | |
| Q2 2024 | -1.7% | +0.2% | +2.9% | |
| Q1 2024 | -5.5% | -12.2% | -18.8% | |
| Q4 2023 | -6.3% | -5.5% | -7.2% | |
| Q3 2023 | -0.2% | -4.7% | -7.1% | |
| Q2 2023 | -10.4% | -8.4% | -11.9% | |
| Q1 2023 | -2.5% | +6.6% | +3.1% | |
| Q4 2022 | +0.9% | +3.1% | -2.8% | |
| Q3 2022 | +8.2% | +19.6% | +26.2% | |
| Q2 2022 | -10.2% | -12.4% | -11.1% | |
| Q1 2022 | +5.7% | +4.3% | +21.5% | |
| Q4 2021 | -3.2% | -4.1% | -11.9% | |
| Q3 2021 | -15.6% | -16.7% | -20.7% | |
| Q2 2021 | +3.7% | +1.9% | +4.5% | |
| Q1 2021 | -0.2% | +1.6% | -5.3% | |
| Q4 2020 | -4.4% | -4.2% | +6.2% | |
| Q3 2020 | -1.7% | -9.1% | -12.1% | |
| Q2 2020 | -4.0% | +3.0% | +2.8% | |
| Q1 2020 | -7.4% | -3.4% | -2.8% | |
| Q4 2019 | -6.7% | -3.5% | -2.9% | |
| Q3 2019 | -2.0% | -0.4% | -7.0% | |
| Q2 2019 | -1.8% | -3.7% | +5.0% | |
| Q1 2019 | -8.6% | -11.5% | +0.9% | |
| Q4 2018 | +10.3% | +15.2% | +24.1% | |
| Q3 2018 | +6.4% | -1.2% | +7.1% | |
| Q2 2018 | +0.5% | +8.2% | -3.7% | |
| Q1 2018 | +12.3% | +15.2% | +27.0% | |
| Q4 2017 | -14.5% | -12.6% | -15.2% | |
| Q3 2017 | -10.9% | -6.8% | +22.0% | |
| Q2 2017 | +9.0% | +15.2% | +11.9% | |
| Q1 2017 | +8.1% | +4.8% | +8.8% | |
| Q4 2016 | +2.2% | +4.2% | +2.3% | |
| Q3 2016 | +0.6% | -0.6% | +9.7% | |
| Q2 2016 | +1.9% | +1.6% | +7.0% | |
| Q1 2016 | -2.5% | — | — | |
| Q4 2015 | +9.1% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +6.1% | — | — | |
| Q1 2015 | +15.1% | — | — | |
| Q4 2014 | -12.7% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +7.2% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +6.6% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -10.8% | — | — | |
| Q3 2012 | +3.7% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q4 2009 | -0.9% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -6.8% | — | — | |
| Q1 2011 | +3.3% | — | — | |
| Q3 2010 | +8.0% | — | — | |
| Q2 2010 | +8.0% | — | — | |
| Q1 2010 | -3.2% | — | — |
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