NASDAQ$HTHT

Huazhu Group Ltd-ADR · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

H World Group Limited reported unaudited Q2 2026 financial results on August 17, 2026, with revenue rising 10.8% year-over-year.

H World Group (HTHT) delivered Q2 2026 revenue of RMB 7.121 billion, up 10.8% YoY, driven by manachised and franchised hotel growth. Net income attributable to the company reached RMB 1.6 billion. Adjusted EBITDA increased 20% YoY to RMB 2.7 billion, with hotel network expansion continuing to 13,539 hotels in operation.

  • Total revenue RMB 7.121 billion (+10.8% YoY), with M&F revenue up 25.2% to RMB 3.586 billion.
  • Net income RMB 1.6 billion; Adjusted EBITDA RMB 2.7 billion (+20% YoY).
  • Worldwide hotels in operation: 13,539 (1,335,445 rooms) as of June 30, 2026.
  • Raised full-year 2026 revenue growth guidance to 4%-8% from prior 2%-6%.

Headline financials

Total Revenue

¥1.06B

Previous: ¥895M+18.0%
Blended HWC RevPAR (RMB)

¥238.00

No prior period
HWC Occupancy rate

79.8%

No prior period
Hotels in operation

13.5K

Previous: 12.1K+11.6%
Adjusted EBITDA

¥2.7B

No prior period
Net Income

¥237M

Previous: ¥215M+10.3%

Revenue & EPS history

Huazhu · Revenue · Quarterly

¥1.06B

Q2 2026+18%vs Q2 2025
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Raised full-year 2026 guidance: Group revenue growth 4%-8% YoY; HWC 7%-11%; M&F 16%-20%.

Tailwinds

  • Strong M&F revenue growth and network expansion on track for 2,200-2,300 gross openings.

Headwinds

  • HWI segment impacted by Middle East conflict and lower-ADR markets in ramp-up.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.9%+2.6%-1.6%
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 2009-0.9%
Q4 2011-0.9%
Q4 2010-0.9%
Q1 2012+1.9%
Q3 2011-3.3%
Q2 2011-6.8%
Q1 2011+3.3%
Q2 2010+8.0%
Q3 2010+8.0%
Q1 2010-3.2%

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